Crypto News Cast 📮 06-06-2022
Welcome to The Crypto News Cast: A Complete Cryptocurrency News letter For Today
24hours Cryptocurrency Market Cap:
📈MarketCap: $1274 B
📊24h Mcap %: 29.58%
⚠️Bitcoin Dom: 46.80%
📌Active Coins: 4540
📍24h Vol %: -22.10%
💲24h Vol: $69 B
Crypto News Updates :
- Russian Industrial Behemoth, Rostec Has Announced A Blockchain-based SWIFT Alternative
- Snoop Dogg Is Ready To Open Dessert Restaurant Themed After Bored Ape NFT
- Real Estate Deals Worth $50 Million In Dubai Concluded Using Cryptocurrency
- This Season’s NBA Cryptocurrency Sponsorship Spending Records 7,300% Increase
- Bitcoin To Become One Of The Greatest Assets After Inflation Slows
- In Colombia, Buyers Now Have The Option Of Paying For Bunkers With Bitcoin
- Solana Blockchain Hits $2 Billion In NFT Sales For The First Time
- Octagon Networks Becomes First Cybersecurity Company To Convert Its Balance Sheet To Bitcoin
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– Russian Industrial Behemoth, Rostec Has Announced A Blockchain-based SWIFT Alternative
Rostec, a Russian industrial and technology conglomerate, has devised a system that allows foreign settlements to be processed and digital currency to be stored. The blockchain-based network was announced as a possible replacement for SWIFT, which is now unavailable to several Russian banks. The system will be able to handle up to 100,000 transactions per second, with the capacity to grow in the future. Read Full on Bitcoin News.
– Snoop Dogg Is Ready To Open Dessert Restaurant Themed After Bored Ape NFT
Snoop Dogg, a rapper and NFT lover, will build a Bored Ape NFT-Themed Dessert Restaurant with the crew behind the fast food outlet Bored & Hungry, the first eatery inspired by a Bored Ape Yacht Club NFT in Los Angeles. Dr. Bombay’s Sweet Exploration will be opened by Snoop Dogg and Food Fighters Universe, a firm co-founded by Andy Nguyen, Kevin Seo, and Phillip Huynh. It’s an immersive retail dessert experience that will take root in Los Angeles. Read Full on Decrypt.
– Real Estate Deals Worth $50 Million In Dubai Concluded Using Cryptocurrency
DAMAC Properties, a Dubai-based real estate developer, has conducted bitcoin agreements totaling $50 million since the beginning of the year. By taking bitcoin or ethereum as payment, DAMAC has demonstrated the lengths to which it will go in order to take advantage of cutting-edge technologies. Payment will be made through a trustworthy middleman. Getting the older generation to take swift efforts to invest in this new system is a huge issue for the company. Read Full on Bitcoin News.
– This Season’s NBA Cryptocurrency Sponsorship Spending Records 7,300% Increase
This season, crypto companies spent a total $130 million on NBA sponsorship deals, up from just $1.75 million the previous season, indicating a more than 7,300 percent increase in crypto sponsorship spending. Among the major sponsors of NBA clubs and the league are Coinbase, FTX, Crypto.com, and Socios. After technology corporations, crypto sector sponsors now make up the second-largest group for the pro basketball league. Read Full on Decrypt.
– Bitcoin To Become One Of The Greatest Assets After Inflation Slows
Mike McGlone, a senior commodity strategist at Bloomberg Intelligence, believes that if the risk asset bad market ends and valuations recover, cryptocurrencies will outperform all other asset classes. Mike McGlone previously stated that Bitcoin is on course to reach $100,000 by 2025. Gold, US long bonds will most definitely perform well, and for Bitcoin, he believes, will be the top performing investments. Read Full on Finbold.
– In Colombia, Buyers Now Have The Option Of Paying For Bunkers With Bitcoin
After receiving the necessary permits from Colombia’s authorities, Bodily provider CI International Fuels is now able to accept payments for bunkers using digital currencies such as Bitcoin and Ether. The move is in response to increased demand for cryptocurrency-based gas funds in the country. According to Jaime A Ochoa Muoz, President of CI International Fuels, this new software will facilitate industrial development and make their company more dynamic. Read Full on cryptogainn.
– Solana Blockchain Hits $2 Billion In NFT Sales For The First Time
For non-fungible tokens, Solana has become a go-to network (NFTs). As of June 5, Solana has a total sales volume of roughly $2.35 billion. Solana now ranks third behind Ronin and Ethereum after reaching this milestone. Flow, Polygon, WAX, Avalanche, Palm, Tezos, Waves, Binance Smart Chain (BSC), and Panini all have more all-time sales volume than Solana. This is a win after its original asset, SOL’s market worth, plummeted by more than $14 billion in May. Read Full on BeInCrypto.
– Octagon Networks Becomes First Cybersecurity Company To Convert Its Balance Sheet To Bitcoin
Octagon Networks, a cybersecurity firm based in Addis Ababa, Ethiopia, and San Francisco, California, has announced that it has completed the conversion of its liquid assets and whole balance sheet to Bitcoin. It’s the first cyber security company to do so and to accept Bitcoin payments. They will also begin accepting Bitcoin payments and will provide a 50% discount to encourage the adoption of Bitcoin payments. Read Full on Finbold.
