Crypto News Cast 📮 24-01-2022
Welcome to The Crypto News Cast: A Complete Cryptocurrency News letter For Today
24hours Cryptocurrency Market Cap:
📈MarketCap: $1560 B
📊24h Mcap %: -66.28%
⚠️Bitcoin Dom: 41.60%
📌Active Coins: 4496
📍24h Vol %: 16.08%
💲24h Vol: $110 B
Crypto News Updates :
- Bitcoin Mining Difficulty Tapped New All-Time High Of 26.643 Trillion
- Fashion Industry’s Giant L’OFFICIEL To Launch A Fashion Collection In The Metaverse
- Zimbabwe Signs Agreement Allowing Collection of Taxes From Cryptocurrency
- The First Phase Of South Korea’s CBDC Testing Program Is Completed
- In The DeFi TVL, Fantom Has Surpassed Binance Smart Chain
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– Bitcoin Mining Difficulty Tapped New All-Time High Of 26.643 Trillion
The Bitcoin network tapped a new ATH mining difficulty of 26.64 trillion, with an average hash rate of 190.71EH/s – a sign of strong community support despite the continuing bear market. As data from Blockchain.com shows, the network saw a drop in difficulty between May and July 2021 for a variety of reasons, including a complete ban on crypto mining from China. However, as the displaced miners resumed operations from other countries, the network difficulty saw a drastic recovery since August 2021. Read Full on cointelegraph.
– Fashion Industry’s Giant L’OFFICIEL To Launch A Fashion Collection In The Metaverse
The globally recognized French fashion magazine L’OFFICIEL plans to launch the collection in the Metaverse. In a blog post, L’OFFICIEL stated that its future is in the metaverse, and the shift will be aided by its recent acquisition by Hong Kong-based financial services firm AMTD International. The metaverse entry will see AMTD International unveil its land with L’OFFICIEL in the virtual gaming land The Sandbox under a project dubbed Fashion Skin.Read Full on Finbold.
– Zimbabwe Signs Agreement Allowing Collection of Taxes From Cryptocurrency
The Government of Zimbabwe has confirmed signing an agreement with Daedalus World Limited wherein the latter is expected to collect taxes from firms that offer “betting, gaming and cryptocurrency services to persons and organizations within the territory of the Republic of Zimbabwe.” As per report by News24, the inclusion of crypto assets in the tax list is the latest signal from the Zimbabwean government suggesting the country is gradually changing its stance on crypto. Read Full on Bitcoin News.
– The First Phase Of South Korea’s CBDC Testing Program Is Completed
The Bank of Korea finished the first step of the initiative in December of last year, but the news was first revealed today by the Korea Herald, a local news site. During that time, the central bank looked into the financial product’s most basic activities, such as issuance, distribution in a cloud-based virtual environment, and production. The second step, which is now underway, will examine the technology required for its actual implementation.Read Full on CryptoPotato.
– In The DeFi TVL, Fantom Has Surpassed Binance Smart Chain
According to DeFiLlama, Fantom has surpassed Binance Smart Chain (BSC) to become the third-largest blockchain in decentralized finance (DeFi) by total value locked (TVL). As of posting time, Fantom’s TVL has climbed by more than 60% to US$12.25 billion, defying the worldwide crypto market slump. Fantom is an open-source smart contract blockchain that already supports 6.15 percent of DeFi transactions worth almost $200 billion.Read Full on Forkast.
