Crypto News Cast 📮 03-06-2022
Welcome to The Crypto News Cast: A Complete Cryptocurrency News letter For Today
24hours Cryptocurrency Market Cap:
📈MarketCap: $1216 B
📊24h Mcap %: -29.54%
⚠️Bitcoin Dom: 46.20%
📌Active Coins: 4540
📍24h Vol %: -13.87%
💲24h Vol: $65 B
Crypto News Updates :
- Facebook Goes All Out Into Metaverse, Launching META Stock Ticker
- Binance Has Established A $500 Million Fund To Promote Web3 Adoption
- Bitfarms Holds $192 Million In Bitcoin After Mining 431 BTC In May
- In May, FTX Overtook Coinbase As The Second-largest Centralized Crypto Exchange
- India Tops The List In NFT Gaming, While Western Countries Catches Up
- Kenya’s Largest Electrical Producer Is Offering Bitcoin Miners Its Extra Power
- Cardano Sees Network Growth, With Average Monthly Transactions Increasing 8%
- 11% Of US Insurers Have Invested In Cryptocurrency Or Considering Doing So
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– Facebook Goes All Out Into Metaverse, Launching META Stock Ticker
Despite harsh criticism and a plummeting stock price after Facebook made its metaverse goals clear by rebranding as Meta, the company is sticking to its convictions nonetheless. Meta has already confirmed that its Nasdaq ticker will change to META on June 9th. The adjustment will take place before the opening of trade on that date, according to a filing with the Securities and Exchange Commission (SEC). Read Full on Decrypt.
– Binance Has Established A $500 Million Fund To Promote Web3 Adoption
Binance’s venture capital and incubator arm announced the closing of a $500 million fund, which was backed by global institutional investors DST Global Partners and Breyer Capital. The fund, according to Binance Labs, will invest in projects that will expand the use cases of cryptocurrencies while also promoting the adoption of Web3 and blockchain technology. Since its debut in 2018, Binance Labs has funded over 100 projects across 25 countries. Read Full on blockworks.
– Bitfarms Holds $192 Million In Bitcoin After Mining 431 BTC In May
According to information from Bitfarms (NASDAQ: BITF, TSX: BITF), a publicly traded bitcoin mining company’s production and mining update for May 2022, it reveals that 431 BTC worth $16.6 million were mined.m429 BTC (99.5%) of the 431 BTC mined last month were taken into custody. Following this deposit, Bitfarms now currently has 6,075 BTC in its custody, which is valued at roughly $192.5 million.Read Full on Bitcoin Magazine.
– In May, FTX Overtook Coinbase As The Second-largest Centralized Crypto Exchange
In May, FTX overtook Coinbase as the second largest centralized crypto exchange by market share. During the month, Binance was by far the most dominating competitor in the market, with a 64.1 percent share, followed by FTX (10.8 percent) and Coinbase (9.6 percent). Coinbase has recently had some difficulties, with a net loss of $430 million in Q1 2022 and a stock market drop of around 36% in May.Read Full on theblockcrypto.
– India Tops The List In NFT Gaming, While Western Countries Catches Up
India leads the world in NFT gaming, with the highest percentage of respondents (34%) having played a P2E game. With 29%, Hong Kong is the next highest country, followed by the United Arab Emirates with 27%. Only 6% of French respondents had played a P2E game, but that number is likely to climb to 15% by the end of the year. Peru (up from 13% to 29%) and Spain are the other notable movers (8% to 17%). Read Full on Bitcoin News.
– Kenya’s Largest Electrical Producer Is Offering Bitcoin Miners Its Extra Power
Kenya’s big energy production company KenGen has offered to supply Bitcoin mining companies with extra geothermal electricity. Companies headquartered in Europe and the United States are thought to be interested in utilizing KenGen’s surplus energy. KenGen uses largely renewable sources in its production, therefore switching to geothermal energy is seen as a measure to address concerns about Bitcoin mining’s carbon imprint. Read Full on Finbold.
– Cardano Sees Network Growth, With Average Monthly Transactions Increasing 8%
The Cardano Foundation published a monthly summary of on-chain data recently. With the project catalyst, a total of 947 ideas have been funded. Meanwhile, the number of transactions on the blockchain has increased by 7.74 percent to 42.5 million. There are currently 5,059,748 native assets issued on the Cardano blockchain, with 55,043 different minting policies. This marks an increase of more than 8.64 percent over the previous month. Read Full on U.Today.
– 11% Of US Insurers Have Invested In Cryptocurrency Or Considering Doing So
According to a Goldman Sachs global study of 328 chief finance and chief investment officers about their firms’ asset allocations and portfolios, US-based insurers are the most interested in cryptocurrency investment. The investment banking behemoth’s annual worldwide insurance investment survey included replies about cryptocurrency, with 11 percent of U.S. insurance firms indicating an interest in investing or a current investment in crypto. Read Full on cointelegraph.
