Category: Cryptocurrency News

Argentinians are very interested in cryptocurrencies, according to a survey made by Americas Markets Intelligence. According to data sourced from the study, more than one in ten Argentinians have made some kind of crypto investment. Furthermore, 18% of the surveyed stated they had an interest in buying cryptocurrencies in the future. Crypto Adoption Booms in […]

The latest funding round doubled CoinDCX’s valuation to $2.15 billion, making it the most-valued crypto company in India.

The dawn of the metaverse is officially upon us, which means immersive gaming, socializing, and property sales are now virtually available. Our reality is going digital through Web3. The concept of valuing assets in the digital world is still mind-boggling to most. How does one actually own non-tangible real estate, and what is its purpose of it? Technically speaking, digital real estate, also known as virtual lands, serves as a place for individuals to coexist in the metaverse.. Digital identities can build restaurants, homes, recreational areas and everything else here, just as we do in reality. Speaking in real estate terms, there are multiple revenue streams in digital real estate. Firstly, investors can purchase a plot of land and build with limited boundaries. For example, Snoop Dogg is currently developing a “Snoopverse”, his own virtual world in the metaverse, on Sandbox, which he claims is “the future of virtual hangouts, NFT drops, and exclusive concerts,”.Although intangible, property in the metaverse can definitely be profitable. In June 2021, a piece of land sold for more than $900,000 in Decentraland, one of the metaverses’ most popular digital real estate platforms. So how exactly does one become a property developer in the metaverse? Unlike traditional real estate, appraisals are unjustified, thanks to the blockchain, but there are still opportunities to negotiate on price. Most digital real estate platforms allow you to put in an offer, which can be accepted or rejected by the owner. For example, OpenSea has an auction list, allowing users to place bids. In this sense, the worth of the land is dictated by the market instead of the appraiser. In the metaverse, buyers have greater independence, reflecting the motive of decentralization. Real estate agents negotiate on one’s behalf and commission fees are non-existent when purchasing land on the metaverse. In order to purchase virtual land, buyers simply need to have a funded wallet, a selected parcel, and a price decided upon. The transaction is then recorded on the blockchain and an NFT  is generated as a title deed with exclusive ownership. Due to launch in 2022, award-winning metaverse pax.world allows users to buy land via outright purchase or through participation in its creator competitions. By owning a piece of land in pax.world, users are able to log on to their portal and create their own mini metaverse of their own. Here they can implement any service or feature their imagination can dream of, with no level of detail is off-limits. To assist users in their property selection, pax.world has built an internal land sale application. Through this users can purchase a  seaside property, be up in the hills with a lake view, next to a building designed by a world-renowned architect, or just find a quiet space with friends. Pax.world has already created an island of 30,000 tiles, 8,000 of which are go straight towards the community and goodwill organizations. The community has the power to decide if these tiles are released for sale, with a certain portion set aside to be released throughout the year for those planning on developing the land. The price of digital real estate in top metaverse platforms is quickly on the incline. Digital real estate is an exciting new space, attracting communities, creators and investors globally. For those who are looking to get in the space early enough, pax.world already has 10,000 parcels ready to be owned by its community of neighbours and will be ready to distribute 4,000 parcels before its launch in Q3 2022.  

Terra’s US dollar-pegged algorithmic cryptocurrency UST is moving up the ladder and now ranks third in terms of overall market capitalization. Today, the fast-growing Terra USD (UST) stablecoin from the Terra ecosystem passed another pivotal point, reaching a market valuation of more over $17 billion. As of Tuesday, UST had eclipsed the BSC-based stablecoin BUSD in market capitalization by more than $67 million. UST was operations in September 2020. To mint an equivalent amount of UST, a user must burn a reserve asset such as Terra (LUNA). UST Making Headlines This year, the Terra blockchain network has been the talk of the crypto world. Following its participation in the broader market downturn over the weekend, Terra’s native cryptocurrency LUNA has had the highest 24-hour bounce. Terra (LUNA) is currently trading 15% higher at $90, with a market valuation of $32 billion. Terra has surpassed Cardano’s ADA to become the eighth-largest cryptocurrency by market cap as a result of this development. As of this writing, the leading stablecoin is Tether (USDT), which has a market cap of $82 billion. USD Coin (USDC) is ranked second with a market cap of nearly $50 billion. Suggested Reading | Terra (LUNA) Outperforms Popular Cryptos Ether, Dogecoin In The Past 24 Hours LUNA total market cap at $31.10 billion on the daily chart | Source: TradingView.com UST is formed by burning a single terra (LUNA), the Terra network’s original crypto currency. Other sorts of decentralized stablecoin projects, such as Makerdao’s DAI, rely on an over-collateralization procedure to maintain the token’s peg to the dollar. The value of Terra’s stablecoin UST has increased exponentially during the last 509 days, or 16 months. Additionally, recent data indicates that UST has been on a stratospheric rise since mid-November, with the market cap jumping by 525 percent. Lower Trade Volume Despite outperforming BUSD in terms of market capitalization, UST trades at a far lower volume compared to its immediate competition, with Binance’s stablecoin witnessing $2.25 billion in trading volume over the last 24 hours compared to UST’s $431.78 million. On the other hand, Terra has recently made headlines for its Bitcoin acquisition. The Luna Foundation Guard (LFG), its parent organization, has acquired approximately 30,000 BTC to act as a peg and reserve for its UST stablecoin. But, it has a lot going on behind the scenes. LFG intends to acquire a total of 410 billion dollars’ worth of Bitcoin. However, similar to the broader crypto market in recent months, bullish pronouncements are doing nothing to boost the price of LUNA. The token’s price has fallen 12.5% in the last 30 days to $77.30, and it has also retreated 34.3 percent since reaching an all-time high of $119.18 on April 5. Suggested Reading | Bitcoin Clings To $40K On Easter Sunday As Crypto Seen To Head Lower In The Short Term Featured image from Cryptonary, chart from TradingView.com

Businesses and brands are regularly looking for ways to improve their bottom line and increase sales. An increase in sales and “basket size”, is often achieved by not only getting new customers but retaining the existing ones too. When looking at the way businesses and brands are trying to achieve this, we regularly see the following: Loyalty programmes, online stores that allow for 24/7 sales, and of course jumping on to various social media channels, whether they are relevant or can even be managed – you name it businesses and brands are trying it. There is a clear level of FOMO (fear of missing out) in the businesses and brands’ actions, and a sense of “well what if we are not on it, and lose customers?” in the thinking of all involved. It is through this FOMO that SocialGood (SG) can leverage these businesses and brands into becoming retail partners. As a social platform SG is able to offer the following: –     Giving businesses and brands access to new markets (existing SG users) that they may have not tapped into yet – As of January 2022, more than 1.85 million users have joined the app since its launch of the app in September 2020. –    They take the store’s online presence and help it grow through their members and advertising and marketing activities. Both of these lead potentials can increase the bottom line and drive sales –   In addition, by partnering with SG businesses and brands become actively involved in giving back and helping customers earn cryptocurrency. Doing this places them in a positive light as they become a business and brand that cares about its customers. –       Then there is the benefit to their customers:  They are automatically entered into the Lucky Reward Lottery where every time they purchase something at AliExpress via the SocialGood App, they will be automatically entered to earn back one of three possible reward rates, selected at random each time. #1: Earn 100% of your total purchase as Crypto back #2: Earn up to 6.5%* of your total purchase as Crypto back #3: Earn up to 3.2%** of your total purchase as Crypto back Customers have access to new businesses and brands they can buy from and still earn crypto – The SG ecosystem and total partnerships secured, include over 1,800 major companies internationally. Customers are also able to stake their tokens. The staking reward rate depends on your membership level (based on how much SG you hold and your total purchases completed through the SocialGood App in the past 2 months). This is recalculated every 6 hours to ensure fairness across for all. As SocialGood, aims to revolutionize capitalism as we know it today, it makes sense for businesses and brands to work alongside a company like SG to  not only help reach their own goals of increasing sales and improving their bottom line, but to also provide their existing customers with more value than ever before. As the SG Projects actions are based on the belief of making society better by providing consumers with assets for free and aims to improve their lives, why would a business not want to be a part of this?  

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According to CoinGecko, the market value of Terra's stablecoin UST reached $17.5 billion on April 18, surpassing BUSD's $17.4 billion, becoming the third-largest stablecoin after USDT and USDC. Still, UST’s trading volume is very low being 1/5 transactions volume as compared to BUSD. ​ DO Kwon tweeted that he's not even aiming for BUSD but…
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