Bitcoin News and Finance: What You Need to Know

According to a recently published study by Merchant Machine, mobile wallets are predicted to have 4.4 billion users by 2024. Merchant Machine’s findings show the global pandemic propelled the popularity of digital wallets and researchers expect the numbers to grow from 44.50% of the population in 2020 to 51.70% by 2024. Half the World’s Population Will Leverage Mobile Wallets in 2 Years, Study Says The use of mobile wallets has grown a great deal since the start of the Covid-19 pandemic and a study published by Merchant Machine predicts growth will continue. The researchers note that since 2015, the total revenue generated by mobile wallet applications has tripled, and by 2022, it’s expected to be around $1,639.5 trillion. “The safety, security, and convenience of digital wallets, as well as the popularity of smartphones and general digitalisation of society, were among the main reasons for the popularity of this method,” Merchant Machine’s study details. Furthermore, the research...

PRESS RELEASE. Singapore, May 3, 2022 – NFTs have disrupted the gaming industry with their unique benefits. It has been gaining popularity as many have welcomed the advent of play-to-earn (P2E) for considerable rewards, with also disquiet over the unwelcome intrusion of commerce into the escapist world of gaming. Web3 games are supposed to consist of two things people crave — entertainment and the possibility of making money, with the scales not tipping to either end. Shaking work-to-earn off from play-to-earn space is undoubtedly an urgent mission for all builders. Launched in 2022, ArchLoot intends to provide an ideal practice of blending playability and sustainability with profitability in the new era of GameFi 2.0. Using the lessons learned from play-to-earn development, the game has been balanced and enhanced, keeping the core elements of what made the P2E model attractive, while incorporating interactive NFT technology that could not be implemented in any other games before....

PRESS RELEASE. Zug, Switzerland – 2nd May 2022. UniX Gaming is delighted to announce that they are now officially listed on MEXC, a top 20 exchange, following the announcement of their Final Round launchpad . This is the second CEX on which UniX has been listed, with several more planned for later this year. UniX token holders will be able to deposit their tokens in the MEXC wallet, and trading will begin at 2 p.m. UTC on May 2nd. MEXC users will be able to deposit, withdraw, and trade UniX tokens, providing token holders with a highly liquid exchange. “This is the second centralised exchange listing we’ve had this year, and we are so excited to announce more over the next several months. It has been a great year for us so far with our ‘Final Round’ launchpad in partnership with DAO Maker and SL2 Capital having just been announced. We are extremely grateful for our community’s support so far, and we’re excited to share more soon,” stated Mirko Basil Doelger , the co-founder and ...

Wikipedia has decided to stop accepting cryptocurrency donations after eight years of doing so. The decision is based on the request by the Wikimedia community citing “issues of environmental sustainability” as a key reason. Wikipedia Discontinues Accepting Bitcoin, Crypto Donations Wikimedia Foundation has announced its decision to “discontinue direct acceptance of cryptocurrency as a means of donating.” The foundation began accepting bitcoin in July 2014. “The Wikimedia Foundation is the nonprofit that hosts Wikipedia and our other free knowledge projects,” its website details. Wikipedia is a free online encyclopedia with over 200K volunteer contributors, according to the foundation. The organization posted an update on its Wikipedia page on May 1, stating: We began our direct acceptance of cryptocurrency in 2014 based on requests from our volunteers and donor communities. We are making this decision based on recent feedback from those same communities. “Specifically, we wil...

PRESS RELEASE. Football Superstars such as: Roberto Carlos Mario Yepes David Trezeguet Michel Salgado Fernando Hierro Lucas Radebe, Invite you to a Global Metaverse of Lydian.World exclusive event. The event will take place on the 7th of May 2022 in Dubai Opera. As a first offline event of such scale where thousands of guests from all over the world will gather to become a part of Lydian.World metaverse. Guests are invited to take part in multiple business opportunities and multiple entertainment moments. Lydian.World is a virtual game partially owned by its users which in reward for their engagement and strategy the game rewards them back in cryptocurrency. In other words, the place where you can Earn, Learn & Have fun! If this already rings a bell for you, join Lydian.World! The metaverse brings opportunities such as: staking pools, crypto credit cards sharing their commissions, mining pools, assisted trading, NFT marketplace, a trivia game over the blockchain, a lot...

Three Nigerian nationals are accused of using money laundering proceeds to buy bitcoin worth over $43 million from cryptocurrency exchange platforms like Binance and Busha. The trio is accused of moving an equivalent of over $215 million from Nigeria to Kenya between October and November 2020. Powerful Kenyan Politician Assists the Alleged Money Launderers The global law enforcement agency, Interpol is seeking to conclude a case where three Nigerian nationals are believed to have used money laundering proceeds to buy bitcoins worth over $43 million, a report has said. Three Kenyans including an unnamed powerful Kenyan politician are accused of having aided the Nigerian trio in their efforts to conceal the exact motive for moving the funds. According to a report by the Kenyan publication, the Nation, a probe by Interpol found that the trio could have transferred over $215 million (25 billion Kenyan shillings) from Nigeria to Kenya between October and November 2020. Once the funds ...

The revenues accrued by the Ethereum network rose by 46% from $1.6 billion to $2.4 billion during the first quarter of 2022. Contributing to the growth in the network’s revenues were non-fungible token (NFT) marketplace sales, which rose by more than 19,000% during the period under review. ETH Inflation Rate Drops to 0.51% Ethereum’s revenues rose by 46% from $1.6 billion to $2.4 billion during the first quarter of 2022, a new report by Bankless has said. According to the report, about 87% or $2.1 billion of this revenue was removed from the ETH ’s circulating supply through the burning mechanism. The token burning mechanism was made possible by the network’s EIP-1559 upgrade that was carried out in August 2021. As a consequence of this token burning process, the ETH network’s inflation rate — a metric that measures the net change in the supply of ethereum tokens — dropped from 1.10% to 0.51% during Q1. In terms of the average of daily active addresses, the report states that t...