Bitcoin News and Finance: What You Need to Know

PRESS RELEASE. Binance Pay, Alchemy Pay, ePayments, and QponBay are collaborating to facilitate offline crypto payment methods at ‘Artaverse’, an NFT and metaverse event to be held in Hong Kong from June 3rd to 12th. Participants of Artaverse will be able to use cryptocurrencies to buy NFTs directly on site. The cryptocurrencies supported are BNB , ETH , ACH, and USDT . The exhibition is one of the largest of its kind and will be held in the 150,000 square-foot Central Harbourfront venue in Hong Kong. Hosted both inside and outside, there will be a giant tent and more than 20 independent exhibition spaces. With a total of more than 100 exhibition pieces, Artaverse aims to promote art forms such as non-fungible tokens(NFTs) and the metaverse, so that art enthusiasts have the opportunity to view, purchase, and even create new kinds of art. With diverse digital art exhibitions, and musical and cultural performances, the public will experience an immersive art, entertainment, and cul...

Two months after the Russian ruble fell below a U.S. penny, the transcontinental country’s fiat currency is the best performing currency worldwide. American economists are baffled by the “unusual situation” because a country facing stiff sanctions typically sees its fiat currency decline in value, but Russia’s ruble has done the exact opposite. Russia’s Ruble Outshines the Euro and Dollar — Transcontinental Country’s Fiat Currency Shows Resiliency On February 28, 2022, Bitcoin.com News reported on the Russian ruble sinking to record lows, and citizens started to withdraw lots of cash causing what many reports called a “bank run.” At the time, Russia was hit with strict financial sanctions from countries opposed to the war in Ukraine. Furthermore, the United States, the European Commission, and Western allies imposed restrictions on the Bank of Russia’s international reserves. However, during the second week of April 2022, Bitcoin.com News reported on the country’s central bank sl...

The World Bank has warned of a possible global recession. “For many countries, recession will be hard to avoid,” said World Bank President David Malpass. “This is the sharpest slowdown in 80 years.” World Bank on Global Recession, Stagflation The World Bank warned about the rising risk of stagflation and global recession Tuesday. World Bank President David Malpass said: The war in Ukraine, lockdowns in China, supply-chain disruptions, and the risk of stagflation are hammering growth. For many countries, recession will be hard to avoid. “Markets look forward, so it is urgent to encourage production and avoid trade restrictions. Changes in fiscal, monetary, climate and debt policy are needed to counter capital misallocation and inequality,” he explained. The World Bank president clarified on Bloomberg Tuesday that we are not in a global recession yet. However, “The downside risk is that it could be a global recession,” he opined. “One of the key variables is whether supply comes...

Citadel Securities and Virtu Financial are reportedly building a cryptocurrency trading platform with help from Fidelity Investments and Charles Schwab. “We know there is significant interest in this cryptocurrency space and we will look to invest in firms and technologies working to offer access with a strong regulatory focus and in a secure environment,” said Schwab. Citadel, Virtu, Fidelity, Schwab Building Crypto Trading Platform Global market maker Citadel Securities and Virtu Financial are building a cryptocurrency trading platform with help from retail brokerage giants Fidelity Investments and Charles Schwab, Bloomberg reported Tuesday, citing people familiar with the matter. The crypto product is still in its early development, the people said, adding that it could be available late this year or early next year. A spokesperson for Schwab, Mayura Hooper, said the brokerage giant “has made a minority, passive strategic investment in a new digital asset venture.” She added: ...

John Riccitiello, CEO of Unity, one of the leading real-time 3D engine providers, has predicted that the internet will become part of the metaverse in the next several years. The executive predicted that most websites will become metaverse destinations and that this change will be mostly completed by the year 2030. However, legacy sites will still be around at the time, according to Riccitiello. Unity CEO States Internet Will Be VR-Based in the Future Several companies are now interested in how the metaverse could be a part of our lives in the near future. Unity, a company specializing in providing real-time 3D solutions, has predicted that most of the internet will be metaverse-based by 2030. John Riccitiello, CEO of the company, stated that 2D websites will mutate into metaverse destinations and that these will be interconnected. The CEO made the remarks during a keynote at AWE, an augmented reality event, last week. Among the web destinations, there will essentially be three ki...

PRESS RELEASE. June 8, 2022: Myria Studios , the blockchain gaming division of Myria , announced that the company is rewarding its community members with its inaugural NFT drop — a free-to-claim Alliance Sigil NFT . For a limited time, all new and existing Myria community members can claim the exclusive NFT for free. The Alliance Sigil NFT forms part of the intricate lore of the Myriaverse and will signify where each holder chooses to stand in the fight against “The Rift” — a powerful force that consumes real worlds and mutates them into digital ones. The Sigil NFT will also grant holders additional access and utility, which will be revealed at a later date. Participants must complete basic missions to claim their chosen Alliance Sigil NFT, such as joining and introducing themselves to the Myria Discord community, and can also choose to complete further missions to claim additional rare rewards. Members can select from three Alliances: Federation, which seeks to combat the Rift’...