Crypto & Metaverse News

Dogecoin profitability is over 50% at this point The return on the main meme cryptocurrency Dogecoin has surpassed 50% after the crypto-market recovered. According to IntoTheBlock, at least 52% of all Dogecoin holders are now in the black.

New bitcoin hash rate maximum Apparently, bitcoin network stability is back to normal after the sad exodus of miners from China. On February 12, the BTC network's hash rate renewed its historical maximum and reached over 248 EH/s. During the day, this figure increased by more than 30%.

Uber is about to accept payment in the form of cryptocurrency CEO Dara Khosrowshahi revealed the company's plans in a recent interview. The company is exploring the possibility of accepting cryptocurrency payments and implement this option if it is beneficial. In late 2021, the Mastercard payment network announced the integration of cryptocurrency payments.

Hungarian CB governor proposes to ban cryptocurrency and mining in EU György Matolcsy supported China's initiative to completely ban cryptocurrency transactions Cryptocurrencies can serve illegal activities and facilitate the creation of financial pyramids, Matolcsy added. European citizens would be allowed to hold digital assets abroad, he said, and regulators would monitor their investments.

Preconditions for an 80% collapse of the crypto market have emerged. Cryptoanalysts compared the acceptance of digital assets to the "dot-com crash" that occurred in the early 2000s. According to the analyst, the current situation in the crypto market is highly similar to what was happening in the stock market before the collapse of the technology sector by 80%. Obviously, it's not 100% data and the situation can unfold in the opposite way. However, as practice shows, history frequently repeats itself and such variant is also likely.

New $40K NFT token giveaway just arrived New URGENT news, for NFT lovers. The trend of putting NFT tokens on your Telegram avatars is coming, and their value is bound to skyrocket. The Animals Red List NFT project was particularly upbeat. They depicted 13 thnd endangered species of animals in tokens and distribute some images in their channel @NFT_RedList. Same as with bitcoin 10 years ago, who needs to be timid to take a chance until it costs thousands of dollars. BTW, the picture above this post is NFT, that came across to me, the author of the channel. It's worth about $3000.

SLP token gained 220% in a week Over the past seven days, the price of the Smoth Love Potion (SLP) token has risen 224%. The value of the altcoin rose after the developers of the blockchain game Axie Infinity changed the game rules. Axie Infinity is a blockchain game where players fight each other using fantasy creatures, each represented as an NFT token. Players will no longer receive SLP tokens for completing daily tasks. This measure is projected to reduce the issuance of new SLPs by about 45 million tokens each day. On Feb. 10, the SLP token trades at $0.03 and has a capitalization of $1 billion. In July 2021, the altcoin renewed its all-time high above $0.39. Since then, it has fallen in price by 93%.

Sotheby's New NFT Collection The renowned auction house has announced 104 NFTs to auction. This time they present a collection of CryptoPunks. The auction will take place in New York on February 23. The organizers promise participants "VIP Punk dinner" and a party with DJ Seedphrase. The auction house Sotheby's raised $100 million from NFT in 2021.

Everyone left out Chia A surge of interest in Chia Coin occurred in mid-April, as indicated by Google Trends data. Probably, users were attracted by the unconventional way of mining the token. Chia Coin utilizes disk space rather than processing power to generate money. For more than six months, the value of Chia token (XCH) continues to decline. As of February 10, the altcoin is trading at $81, down 95% from the historical high the coin set at the peak of its popularity in May 2021 ($1,64k).

Crypto investor purchased Dogecoin tokens for $1.5 million A major cryptocurrency holder bought nearly 9 million "meme" Dogecoin tokens for $1.5 million. The transaction fee totaled $0.23. The last large purchase of altcoin occurred in mid-January after Tesla added the ability to pay for its accessories with Dogecoin cryptocurrency. At that time, an unknown person bought 8 million DOGE for $1.4 million.