Elrond Remodel As MultiversX, Concentrates On Metaverse
The blockchain developer rebrands its name to MultiversX and shifted emphasis to the creation of metaverse and unveiled three new products. Elrond, a maker of blockchain technology, declared that it would reposition itself as a new name with a focus on the metaverse. Three new metaverse-focused products will be released by the company, formerly known […]
Prices Of Bitcoin, Ethereum Increase After US October Jobs Data
After the US unemployment rate increased to 3.7%, cryptocurrency prices, including Bitcoin (BTC) and Ethereum (ETH), started to rise again. When the U.S. Bureau of Labor Statistics released its non-farm payroll data for October, the price of bitcoin increased by more than 4%. In contrast to the forecasted 3.6% increase in unemployment in October, the […]
Bakkt is ready to pay $200 million for Apex Crypto
The company claimed that as Bakkt expands its product line, the acquisition will diversify and boost revenue. Apex Crypto, LLC will be purchased by digital asset platform Bakkt from Apex Fintech Solutions, Inc. According to the contract, Bakkt will pay its first payment of $55 million at the closure of the sale in order to […]
Canada will study crypto, stablecoins, and CBDCs in new budget
In order to start the consultation, the government of Canada cited its worries about the potential threats that digital assets and the digitization of money may pose to its financial system. According to its new mini-budget, the federal government of Canada will soon begin a consultation on cryptocurrencies, stablecoins, and Central Bank Digital Currencies (CBDCs). […]
Coinbase transaction revenues drop 44% as user activity dips in Q3
Coinbase efforts to cut costs have resulted in some streamlining, despite the fact that unfavorable market conditions caused revenues to fall in Q3. Even though activity decreased due to a general market slump in the third quarter, cryptocurrency exchange Coinbase nonetheless managed to reduce its losses from the previous quarter by half. The firm said […]