Crypto News Cast 📮 08-05-2022
Welcome to The Crypto News Cast: A Complete Cryptocurrency News letter For Today
24hours Cryptocurrency Market Cap:
📈MarketCap: $1564 B
📊24h Mcap %: -78.14%
⚠️Bitcoin Dom: 41.40%
📌Active Coins: 4529
📍24h Vol %: 37.00%
💲24h Vol: $108 B
Crypto News Updates :
- Portugal Records The Nation’s First Real Estate Transaction In Bitcoin
- Google Launches A Web3 Team To Harness Market’s Potential
- The Ethereum 2.0 Staking Contract Has Reached A Total Of 12.4 Million ETH
- Bahamas’ PM Says Regulations Will Help Crypto Firms To Understand Code Of Operations
- Experts Say Bitcoin Is A Wonderful Way To Safeguard Savings
- CBDCs Are Being Investigated By 90% Of Central Banks Surveyed
- Jeff Bezos Is Now Dogecoin’s Co-founder Follower On Twitter
- New York Bitcoin Mining Restriction Bill Is Not Considered By The Environmental Committee
- Valkyrie Launches Avalanche Trust For AVAX Token TradFi Exposure
- Theta Labs Assists Sony To Launch 3D NFTs With Spatial Reality Displays Compatibility
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– Portugal Records The Nation’s First Real Estate Transaction In Bitcoin
On Thursday, a flat in Braga, Portugal, was sold for just 3 BTC in the first-ever bitcoin-only real estate transaction recorded in the country, with no conversions to euros. The sale of real estate for bitcoin has recently gained traction in several parts of the globe. Portugal is now joining the race to attract Bitcoin companies and fans to help grow the country’s economy. Cryptocurrency investors are immune from capital gains taxes in the country. Read Full on Bitcoin Magazine.
– Google Launches A Web3 Team To Harness Market’s Potential
Just after Google’s parent company, Alphabet Inc., considered looking into the Web3 space, its cloud computing business has organized a proper team for the work. The goal, according to Amit Zavery, a vice president at Google Cloud, is to make Google’s cloud platform the preferred choice among developers. He sees it as a market with enormous potential, with many clients requesting that they increase support for Web3 and crypto-related technologies. Read Full on Decrypt.
– The Ethereum 2.0 Staking Contract Has Reached A Total Of 12.4 Million ETH
Etherscan, a renowned block explorer and analytics tool for Ethereum reveals that the entire value of the staking contract for Ethereum 2.0 has now surpassed $33 billion, with over 12.4 million coins invested. While the staking number is at an all-time high, the staking contract’s value has plummeted due to Ethereum’s price correction. The ETH network saw a spike in transfer activity on Friday, according to Sanitment, an on-chain monitoring company. Read Full on financemagnates.
– Bahamas’ PM Says Regulations Will Help Crypto Firms To Understand Code Of Operations
Prime Minister of the Bahamas, Philip Davis, explains that the area has put in place a regulatory framework that would allow crypto firms to operate within its borders. The Bahamas just produced a white paper framework, according to Davis, that will allow crypto businesses to flourish and prosper while also educating them on the region’s expectations. The goal of the policy is to keep consumers safe. Read Full on cointelegraph.
– Experts Say Bitcoin Is A Wonderful Way To Safeguard Savings
Mauricio Di Bartolomeo, co-founder and CSO of Ledn Inc, said during an appearance on “Mornings with Maria” that bitcoin is a wonderful way to secure your savings since it provides transparency and has a finite supply. He points out that Bitcoin is auditable, transparent, and verifiable, and that it has a finite supply, unlike the dollar supply, which has nearly doubled in the last two years. Read Full on foxbusiness.
– CBDCs Are Being Investigated By 90% Of Central Banks Surveyed
According to a poll done by the Bank for International Settlements, numerous central banks throughout the world are considering implementing a central bank digital currency, or CBDC. From October to December 2021, 90 percent of 81 central banks questioned were working on CBDCs in some way, with 26 percent conducting CBDC pilots and more than 60 percent doing tests or proofs-of-concept related to a digital currency. Read Full on cointelegraph.
– Jeff Bezos Is Now Dogecoin’s Co-founder Follower On Twitter
Jeff Bezos, the creator of Amazon and its previous CEO, has started following DOGE co-founder Billy Markus on Twitter. Some DOGE supporters feel this is a sign that the Amazon founder is interested in Dogecoin. Although current Amazon CEO Andy Jassy claims that the company may start selling NFTs and that cryptocurrencies have a bright future, Amazon does not accept cryptocurrencies. Read Full on U.Today.
– New York Bitcoin Mining Restriction Bill Is Not Considered By The Environmental Committee
A bill that would have put a two-year embargo on certain types of proof-of-work (PoW) crypto mining enterprises in the state of New York was not considered by the New York Senate Environmental Conservation Committee. At its final meeting of the current legislative session, the committee decided not to take up the issue. The proposed restriction is also a source of concern, as many believe that it will drive businesses out of the state. Read Full on Finbold.
– Valkyrie Launches Avalanche Trust For AVAX Token TradFi Exposure
Valkyrie, a crypto investment firm, announced on Wednesday the establishment of an Avalanche Trust (VAVAX) for traditional investors interested in the Avalanche ecosystem. The trust has already received $25 million in donations. According to its fact sheet, the Avalanche Trust allows daily redemptions for shares, as opposed to the Multi-Coin Trust’s monthly redemption schedule. It has a $25,000 minimum investment and a 2% management fee.Read Full on coindesk.
– Theta Labs Assists Sony To Launch 3D NFTs With Spatial Reality Displays Compatibility
Sony Electronics has teamed up with blockchain video distribution network Theta Labs to launch nonfungible tokens (NFTs) that can be watched in mixed reality via Sony’s Spatial Reality Display, a display that allows people to see things in 3D without the use of standard 3D glasses. The Spatial Reality Image follows the user’s eye movement and adapts the display accordingly, providing a 3D viewing experience. Read Full on .
