Crypto News Cast For August 24th 2022 ?

Crypto News Cast 📮 24-08-2022

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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: $1042 B
📊24h Mcap %: 6.43%
⚠️Bitcoin Dom: 39.80%
📌Active Coins: 11904
📍24h Vol %: -0.31%
💲24h Vol: $68 B

Crypto News Updates :

Despite The Crypto Decline, Nike NFT Sales Tops $185 Million
Tencent Wins A Blockchain-based Missing Persons Poster Patent
Iranian Association Demands Stable Crypto Regulation As Widespread Crypto Usage Enters International Trade
Invesco Unveils A Metaverse-Oriented Investment Fund
Ethereum Is Now The Most Actively Developed Cryptocurrency, Followed By Polkadot
Binance Introduces Ethereum Zero-Fee Trading (ETH) For Its Users
Following The June Crash, Bitcoin Trading On DBS Doubled
Crypto Investors Say That Over Half Of Indians Bitcoin Is The Future Of Finance
China Launches CBDC Next Trial Round Using e-CNY Payments For Public Transportation
NFTs Have Been Heard Of By Nearly Half Of Americans
Kraken Futures Is Now Supporting Cardano (ADA) As Collateral

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– Despite The Crypto Decline, Nike NFT Sales Tops $185 Million

Despite a 40% decline in Q2 trading volume for non-fungible tokens (NFTs) as interest in the tokens begins to fade, global sportswear company Nike (NYSE: NKE) has found itself making money off the tokens despite a crypto market winter. Nike’s NFT-related initiatives in particular have generated over $185 million in income for the firm since they began, making it the brand with the most NFT revenue.Read Full on Finbold.

– Tencent Wins A Blockchain-based Missing Persons Poster Patent

Tencent, a Chinese technology firm gets a novel patent for a blockchain-based missing person’s poster. From the time of the initial submission in December 2019 until the patent was granted, it took almost three years. The patent comprises of a data creation request that is made in response to a user report that a person has vanished. The idea is subsequently made available to the whole public on the blockchain for validation. Read Full on cointelegraph.

– Iranian Association Demands Stable Crypto Regulation As Widespread Crypto Usage Enters International Trade

Alireza Managhebi, the head of Iran’s Importers Group and Representatives of Foreign Companies (Imports Association), expressed his concerns about the nation’s crypto legislation on Saturday. In order for cryptocurrencies to be successfully used as a form of payment for imports, he emphasized the need for the establishment of a robust regulatory framework. Noting that, in the presence of the appropriate regulatory framework, cryptocurrency can be helpful in the area. Read Full on Bitcoin News.

– Invesco Unveils A Metaverse-Oriented Investment Fund

The American investment management firm Invesco has formed a Metaverse investment fund that would invest in major, medium, and small-cap companies that have expanded their operations into virtual reality. The financial behemoth submitted paperwork to start two crypto-based ETFs in the USA last year. But a few months later, it abandoned its intentions, blaming the US SEC for the agency’s hostile position toward such items. Read Full on CryptoPotato.

– Ethereum Is Now The Most Actively Developed Cryptocurrency, Followed By Polkadot

According to statistics released by blockchain analytics platform Santiment on August 22, Ethereum (ETH) is currently ranked first among the projects with the highest development activity over the past 30 days at position 401. Other open-source blockchains Polkadot (DOT) and Kusama (KSM), which each recorded 400 development actions, come in second and third place, respectively. With 389 projects, Cardano (ADA) holds down the fourth position.Read Full on Finbold.

– Binance Introduces Ethereum Zero-Fee Trading (ETH) For Its Users

The second-largest cryptocurrency, Ethereum (ETH), now has zero-fee trading supported, according to cryptocurrency exchange Binance. Starting on August 26, its customers will be able to trade ETH for free against the native Binance USD (BUSD) stablecoin. The fee reduction will be available to Binance traders for one month. According to Binance, the introduction of zero-fee trading will make cryptocurrencies more inclusive and accessible. Read Full on U.Today.

– Following The June Crash, Bitcoin Trading On DBS Doubled

Following the June cryptocurrency market crisis, crypto transactions on the platform of Singapore-based investment firm DBS Digital Exchange more than doubled. This is unexpected given that many other exchanges, like as CryptoCom, Coinbase, Gemini, and Bybit, were forced to fire a significant portion of their workforce as a result of the price decline and the ensuing investor exodus. Read Full on CryptoPotato.

– Crypto Investors Say That Over Half Of Indians Bitcoin Is The Future Of Finance

Cryptocurrency exchange KuCoin released a poll that shows how popular cryptocurrencies like bitcoin are becoming in India. 56% of investors surveyed think bitcoin and cryptocurrencies are the wave of the future in terms of money. 15% of India’s population, or over 115 million investors between the ages of 18 and 60, said they now own or have recently traded bitcoin or other cryptocurrencies.Read Full on Bitcoin Magazine.

– China Launches CBDC Next Trial Round Using e-CNY Payments For Public Transportation

The second phase of China’s central bank digital currency (CBDC) pilot test program has officially started. It is now possible to pay for sing the digital yuan (e-CNY) CBDC on 10 transit routes in the city of Guanzhou, which is a first for the nation. Passengers can do this by downloading the e-CNY app, making a deposit, and paying for their travel by scanning the QR code found in the bus payment area. Read Full on cointelegraph.

– NFTs Have Been Heard Of By Nearly Half Of Americans

In spite of the fact that this cryptocurrency sector was relatively specialized only a few years ago, 49% of Americans had heard of NFTs, according to a recent survey by the Washington, D.C.-based think tank Pew Research Center. American investors, however, do not truly want to purchase NFTs. NFTs haven’t really entered the public yet, as just 2% of them really choose to purchase digital art. Read Full on U.Today.

– Kraken Futures Is Now Supporting Cardano (ADA) As Collateral

Cardano (ADA) is now supported as a collateral cryptocurrency on Kraken’s futures platform, according to the cryptocurrency exchange. Additional cryptocurrencies supported by it include Chainlink (LINK), Polkadot (DOT), Decentraland (MANA), and others. You may now gain exposure to dozens of bitcoin futures contracts using the native token of one of the top proof-of-stake algorithms. Both single-collateral and multi-collateral futures are available from Kraken. Read Full on U.Today.