Crypto News Cast For March 12th 2022 ?

Crypto News Cast 📮 12-03-2022

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Welcome to The Crypto News Cast: A Complete Cryptocurrency News letter For Today

24hours Cryptocurrency Market Cap:

📈MarketCap: $1744 B
📊24h Mcap %: -2.30%
⚠️Bitcoin Dom: 42.50%

📌Active Coins: 4519
📍24h Vol %: -27.12%
💲24h Vol: $61 B

Crypto News Updates :

Bitcoin’s Inflation Is Presently 5x Lower Than US Dollar’s And Continues Declining
OnlyFans Made 500Eth Donations To The DAO In Support Of Ukraine
Misfits, An Esports Team, Will Build A Cryptocurrency Gaming Platform On Tezos
FTX And Tomorrowland Partners To Push Web3 And NFTs Into Music Industry
Cryptocurrency Exchange, Kraken Promises Over $10 Million To Help Ukrainian Users
Skechers, Leading Global Footwear Brand Opens Store In The Metaverse
Crypto Will Reshape The World, Novogratz’s Comments On The Executive Order
Reports Says NFT Trading Increased By 21,000%, Over $17b In 2021
Anon Whales Withdrew $1.175 Billion In Bitcoin From Coinbase

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– Bitcoin’s Inflation Is Presently 5x Lower Than US Dollar’s And Continues Declining

Bitcoin’s inflation rate has plummeted to 1.7 percent, making it five times lower than the US dollar (USD), making it a viable inflation hedge. The intricacies of Bitcoin’s dropping inflation are shown in a graphic published by Glassnode co-founder Rafael Schultze-Kraft in a tweet on March 10. The rate of inflation for the US dollar continues to rise, reaching 7.9% in February. Read Full on Finbold.

– OnlyFans Made 500Eth Donations To The DAO In Support Of Ukraine

OnlyFans, a prominent video subscription site, has announced a donation of 500 ETH (approximately $1.3 million) to UkraineDAO, a decentralized autonomous organization gathering cash to assist Ukraine in its fight with Russia. The payment, according to a spokeswoman for OnlyFans, is part of the company’s bigger charitable effort to support Ukraine, which is directed by OnlyFans’ Ukrainian-American owner Leonid Radvinsky. Read Full on coindesk.

– Misfits, An Esports Team, Will Build A Cryptocurrency Gaming Platform On Tezos

Misfits Gaming Group has announced a multi-year agreement with Tezos, marking yet another major esports team’s entry into the crypto world. Unlike many crypto/esports partnerships, which are mostly focused on sponsorship activations, Misfits will also build and support blockchain games via a new Tezos-powered platform. They’re teaming up to build Block Born, a video gaming platform based on Tezos. Read Full on Decrypt.

– FTX And Tomorrowland Partners To Push Web3 And NFTs Into Music Industry

FTX Europe, FTX’s European affiliate, teamed up with Tomorrowland, probably the world’s largest dance music festival. The crypto exchange will support its partners’ Web3 and NFT operations. The festival specifically promised to include the finest of blockchain technology into its next activities. The collaboration will aim to provide music enthusiasts with non-fungible tokens and Metaverse experiences.Read Full on CryptoPotato.

– Cryptocurrency Exchange, Kraken Promises Over $10 Million To Help Ukrainian Users

Kraken, a crypto exchange based in the United States, is preparing to distribute $10 million to Ukrainian customers affected by the Russian invasion. Clients who opened an account from Ukraine before March 9, 2022, at the “Intermediate” or “Pro” level of verification, will be eligible for $1,000 in bitcoin (BTC) between March 10 and July 1. The exchange has stated that it may provide extra assistance in the future.Read Full on Bitcoin News.

– Skechers, Leading Global Footwear Brand Opens Store In The Metaverse

Skechers, a global shoe company, is planning to open an immersive store in Decentraland’s Fashion Street Estate. Skechers has leased the equivalent of a 5,000-square-foot site on Metaverse Group’s virtual land in the Decentraland Metaverse to open an immersive store. Skechers has applied for trademarks to sell virtual things such as shoes and clothing, setting the framework for fresh Metaverse growth potential.Read Full on U.Today.

– Crypto Will Reshape The World, Novogratz’s Comments On The Executive Order

Despite the fact that bitcoin and other altcoins have recently underperformed, Galaxy Digital’s CEO, Mike Novogratz, remains optimistic about the industry. He predicted that crypto and blockchain technology will revolutionize the world in his most recent Twitter tweet. This isn’t the first time Novogratz has made a statement like this. He suggested last year that digital assets are the financial network’s future. Read Full on CryptoPotato.

– Reports Says NFT Trading Increased By 21,000%, Over $17b In 2021

According to a new research from nonfungible token data provider Nonfungible.com, sales of nonfungible tokens rose to more than $17 billion in 2021. Trading in NFTs reached $17.6 billion last year, according to the study, which was developed with BNP Paribas-owned research firm L’Atelier. This represents a staggering 21,000 percent increase from the total of $82 million in 2020. NFTs have made a significant impact on the public consciousness. Read Full on CNBC.

– Anon Whales Withdrew $1.175 Billion In Bitcoin From Coinbase

Various large chunks of Bitcoin (each containing close to 10,000 BTC) were removed from the publicly listed U.S.-based crypto exchange Coinbase over the past 10 hours, according to several tweets released by the platform. More than $1.17 billion in cryptocurrency has been transferred to anonymous wallets. The sum varied between 9,850 and 9,900 BTC each time, totaling over 30,000 BTC. Read Full on U.Today.

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