Bitcoin News and Finance: What You Need to Know

Epic Games, the game developing studio, and Lego, the famous construction block company, have announced a partnership to develop a metaverse designed for kids. This metaverse world aims to allow kids of all ages to become builders and design their own experiences while protecting their right to play by putting online safety as one of its main objectives. Epic Games and Lego to Launch Joint Metaverse Epic Games, the developer behind Fortnite, and Lego, the famous toy building block company, have inked a partnership to produce a joint metaverse. The metaverse initiative will be designed from the ground up to be suitable for kids of all ages who, according to the press release issued on the Epic Games website, will be able to create their own experiences. The press release detailed: The family-friendly digital experience will give kids access to tools that will empower them to become confident creators and deliver amazing play opportunities in a safe and positive space. Neither o...

Cryptocurrency trading volumes in India have plunged further across exchanges as traders mull over the 30% crypto taxation. In addition, popular payment service provider Mobikwik has stopped service to exchanges. Crypto Trading Volume in India Plunges Further Cryptocurrency trading volume in India continues to slide after the government began taxing crypto income at 30% without allowing any loss offsets or deductions. According to crypto research firm Crebaco, cryptocurrency trading volumes have fallen from last week across all major exchanges, Moneycontrol reported. Wazirx suffered a 72% drop in trading volume, Coindcx 52%, and Zebpay 59%. In addition, MobiKwik reportedly withdrew its services across exchanges on April 1 amid unclear regulations. Mobikwik was one of the preferred methods of payment to purchase cryptocurrencies at exchanges. A crypto exchange executive was quoted by the publication as saying: Mobikwik did not give any specific reason for withdrawing its service...

David Rubenstein, the founder of Carlyle Group, one of the largest investment firms managing over $300 billion, says he was skeptical of crypto but now believes that “the genie is out of the bottle” and the crypto industry is not “going to go away anytime soon.” David Rubenstein on Crypto David Rubenstein, co-founder of Carlyle Group, one of the largest private equity firms in the world, has shared why he changed his mind about crypto in a recent interview by Colossus . Rubenstein co-founded the Carlyle Group in 1987. Since then, the company has grown into a firm managing $301 billion from 26 offices around the world. Among many credentials, Rubenstein is chairman of the Council on Foreign Relations, a trustee of the Brookings Institution and the World Economic Forum; and a recipient of the Carnegie Medal of Philanthropy. “I was skeptical of crypto in the beginning because I figured there’s nothing underlying this,” he began, elaborating: But it’s clear to me now that many youn...

Iran will not recognize cryptocurrencies as a means of payment, a high-ranking government official has indicated. His statement came as the Central Bank of Iran announced rules for the issuance of digital coins in the country. These are meant, however, for its own “crypto rial,” the pilot phase of which should start in the near future. Accepting Cryptocurrency for Payments Is a Red Line, Iranian Minister Says Cryptocurrencies like bitcoin will not be treated as legal tender in the Islamic Republic of Iran. Discussing regulatory matters related to the storage and exchange of cryptocurrencies, Iran’s deputy minister of communications, Reza Bagheri Asl, emphasized: We do not recognize payments with cryptocurrencies. The government official was commenting on the latest resolution by the Digital Economy Working Group regarding crypto assets. He pointed out that the use of any foreign currency is outside the sovereignty and against the monetary and banking law of Iran. “So, we will b...

PRESS RELEASE. GREENSBORO, April 11, 2022 — DAO Maker, a leading launchpad for cryptocurrency projects, is launching an NFT collection celebrating the late Argentinian football hero Diego Maradona this month. It is the first official Maradona-licensed NFT project and has the backing of all five of the athlete’s heirs. The football legend’s daughter Jana Maradona stated, “Maradona D10S NFTs is the first time all heirs have come together in a creative collaboration since Diego’s passing.” The collection comprises 5,000 profile pictures of Maradona, which fans can use as avatars and support nearly any blockchain. The token is Ethereum-based and launches with the opening of the 2022 FIFA season to memorize the global icon. It is also an opportunity for DAO Maker to impact the industry positively. Per CEO Christoph Zaknun, “The NFT space quickly became toxic and full of fraudulent activity. We are entering this market with an aim to fix these problems while offering a venue for celebri...

The digital currency trading platform Coinbase is producing a three-part film series with the popular non-fungible token (NFT) project Bored Ape Yacht Club (BAYC). The films will be crafted by Coinbase Entertainment and feature select BAYC NFT characters that will be crowdsourced from the Bored Ape NFT community. Coinbase Entertainment Is Working on a Three-Part Film Series That Will Feature Crowdsourced Bored Apes On April 11, Coinbase announced it has plans to release a film trilogy dedicated to the Bored Ape Yacht Club NFT collection. A report stemming from one37pm.com indicates that the crypto exchange is “celebrating and amplifying the BAYC community” via the film trilogy. Coinbase confirmed the films on Twitter after publishing a teaser tweet that said something was coming. A few hours later, Coinbase tweeted again and said: Definitely something. We’re creating an interactive three-part film featuring the [Bored Ape Yacht Club] & Apecoin communities. Come build wit...

Officials from Tanzania’s financial sector have called for a clearer global consensus on central bank digital currencies (CBDCs) and crypto-assets. The officials agreed that more discussions still need to be carried out before a final decision is made. Interoperability of CBDCs Just under a year after the Tanzanian President Samia Suluhu Hassan asked the country’s finance chiefs to prepare for cryptocurrencies, officials from the country’s financial sector are now calling for a clearer global stance towards central bank digital currencies (CBDC) and crypto-assets. The officials, the Finance and Planning Minister, Mwigulu Nchemba and the central bank governor, Florens Luoga, have both reportedly agreed that further discussions around the two topics are needed before any decision is made. According to a report published by The East African, the two officials said this while addressing a virtual summit organized by the Bank of Tanzania (BOT) and the International Monetary Fund (IMF)...