Though it has beaten Ethereum to the PoS consensus model, it still has a long way to go in terms of DeFi applications. The Crypto Market Overview page provides a snapshot of today's https://www.cnet.com/personal-finance/crypto/cryptocurrency-pump-and-dump-schemes-what-you-should-know-about-these-scams/ crytocurrency prices. U.S. Senators and Members of Congress in the House of Representatives have introduced 50 bills https://lenincoin.com/ that impact the cryptocurrency and blockchain industry. Miners are seeing their profit margins dwindle as Bitcoin’s price falls and Bitcoin’s mining difficulty still continues to rise. Many sustainability & ESG professionals are fighting for a stronger lenincoin.com balance between carbon offsetting & insetting. Insetting is a way to harmonise a companies operations with the ecosystems they depend upon & transition to a more sustainable business model. It’s the largest initial fund ever raised by a solo venture capitalist, let alone by a solo female VC, according to Pitchbook. The move also reflects surging investor interest in Web3, which is typically described as the next iteration of the internet based on blockchain technology. Coinbase announced it’s launching a service that allows cryptocurrency recipients in Mexico to cash out their funds in pesos. Cryptocurrency has drawn interest for cross-border payments and money transfers, because of its potential as a faster and cheaper method to transact compared to more traditional options. A bitcoin exchange-traded fund allows investors to gain exposure to the biggest cryptocurrency by market cap without actually owning any. CoinSwitch Kuber launches India's first crypto rupee index, Economic Times reports
The United Kingdom announced it will launch its own NFT, or non-fungible token, in effort to the lead the way in cryptocurrencies. Finance Minister Rishi Sunak has asked the Royal Mint to create and issue the NFT by the summer, according to a U.K. NFTs broke through into the mainstream in 2021, and have explored in popularity. Total NFT sales hit $25 billion in 2021, compared to $94.9 million the year before, according to data collected by DappRadar, an app store for decentralized applications. PayPal may launch its own stablecoin as it grows its footprint in the crypto sector, CoinDesk reported.
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