Crypto News Cast For August 14th 2022 ?

Crypto News Cast 📮 14-08-2022

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Welcome to The Crypto News Cast: A Complete Cryptocurrency News letter For Today, It includes all the latest news, prices, and events in the cryptocurrency world.

24hours Cryptocurrency Market Cap:

📈MarketCap: $1170 B
📊24h Mcap %: -1.15%
⚠️Bitcoin Dom: 39.90%
📌Active Coins: 11701
📍24h Vol %: -4.21%
💲24h Vol: $55 B

Crypto News Updates :

MTV Continues Its Metaverse Push Before The VMAs
Unionbank Of The Philippines Will Support Cryptocurrency Exchange Via A Mobile App
In 2024, Russia Intends To Introduce The Digital Ruble In All Banks
Binance’s Latin America Head Says Inflation Is The Reason Behind Its Growing User Base
Bitcoin Will Progressively Demonetize Gold, According To Saylor Of MicroStrategy
Revenue From Bitcoin Mining Increases By 68.6% From 2022’s Lowest Point
Nigeria Is The Most Interested In Cryptocurrency Worldwide
Anthony Scaramucci Predicts $300,000 Price Mark For Bitcoin

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– MTV Continues Its Metaverse Push Before The VMAs

Ahead of the MTV Video Music Awards, MTV, a well-known cable channel and one of the top entertainment brands, produced a virtual Metaverse-like experience with the aid of the Roblox platform. The purpose of the change is to draw in younger viewers and provide VMA enthusiasts worldwide access to the event. The first of three games, which will be available to play, after being launched on Friday. Read Full on U.Today.

– Unionbank Of The Philippines Will Support Cryptocurrency Exchange Via A Mobile App

The Union Bank of the Philippines (Unionbank) is attempting to establish itself as the nation’s first universal bank to offer cryptocurrency exchange through its mobile app. Users won’t need a third-party wallet anymore because they can purchase and sell cryptocurrencies like bitcoin directly from the banking app, according to the lender. The future of banking will be powered by blockchain technology, according to Unionbank. Read Full on Bitcoin News.

– In 2024, Russia Intends To Introduce The Digital Ruble In All Banks

The Bank of Russia continues to advance the adoption of the central bank digital currency (CBDC), with an official rollout of the digital ruble scheduled for a few years from now. The Bank of Russia will start connecting all banks and credit institutions to the digital ruble network in 2024, according to the most recent monetary policy statement from the institution. The Bank of Russia also plans to beta test digital ruble-based smart contracts for transactions.Read Full on cointelegraph.

– Binance’s Latin America Head Says Inflation Is The Reason Behind Its Growing User Base

The chief executive of Binance Latin America, Maximiliano Hinz, claimed that rising inflation is the primary factor behind the largest cryptocurrency exchange’s recent growth in clientele. The historically strong dollar, which has devalued other fiat currencies, is another contributing reason. Numerous experts have suggested investing in bitcoin during the current inflationary crisis as a suitable way to protect one’s money during the previous few years. Read Full on CryptoPotato.

– Bitcoin Will Progressively Demonetize Gold, According To Saylor Of MicroStrategy

Some supporters of Bitcoin (BTC) believe that as the cryptocurrency grows, it will eventually overtake gold as a store of value and replace the precious metal. Notable cryptocurrency players have maintained that the prediction of Bitcoin overtaking gold is still on track despite the latest market drop. Michael Saylor, the outgoing CEO of MicroStrategy, said that the rise of Bitcoin would likely lead to the demonization of gold. Read Full on Finbold.

– Revenue From Bitcoin Mining Increases By 68.6% From 2022’s Lowest Point

In 2022, the Bitcoin mining sector experienced severe financial strain since their profits, when converted to U.S. dollars, were negatively damaged by a protracted bear market. The year’s lowest mining revenue day, June 13, didn’t deter miners as within a month, mining revenue increased by 68.63%. Over the past month, Bitcoin’s hash rate increased by over 10% in addition to mining revenue, strengthening the network’s defenses against double-spending attempts. Read Full on cointelegraph.

– Nigeria Is The Most Interested In Cryptocurrency Worldwide

Nigeria has emerged as the country with the greatest interest in cryptocurrencies worldwide, according to recent study. According to some other recent studies, Nigerians’ interest in digital currencies is being stoked by their country’s ongoing monetary crisis and limited access to financial services. United Arab Emirates (UAE) holds the second spot after Nigeria, while Singapore is in third. Read Full on CryptoPotato.

– Anthony Scaramucci Predicts $300,000 Price Mark For Bitcoin

American financier Anthony Scaramucci said that the price of Bitcoin may someday soar as high as $300,000 during a recent appearance on CNBC. According to Scaramucci, it wouldn’t matter if one purchased the Bitcoin for $20,000 or $60,000 at this moment. Within the next six years, according to Scaramucci, the flagship cryptocurrency will be able to attain the incredibly high price estimate. Read Full on U.Today.