Crypto market update
Major crypto currencies as to the market capitalisation, were again trading flat over the past 24 hours, BTC hovering around $47,000 and ETH just under $3,400. Most altcoins were in the green numbers, a few significantly so.
Bitcoin (BTC) is now trading at 47,180 USD down by 0,2% in 24h
Ethereum (ETH) is now for 3,407 USD up by 0.2% in 24h
PlatonCoin (PLTC) is now for 0,799 USD up by 6.7% in 24h
Total marketcap is currently at 2.262 trillion USD up by 0.7% in 24h
(all data valid at the time of publishing, from Coingecko.com)
Daily news update
KFC, Taco Bell, Pizza Hut and NFTs: Following in the footstepsx of its fast-food chain competitor McDonald’s decision to explore the Metaverse Yum! Brands, the owner of Taco Bell, Pizza Hut, and Kentucky Fried Chicken (KFC), has submitted multiple trademark applications for non-fungible tokens (NFT) and metaverse products and services.
Cardano and institutional investors: A leading crypto analytics firm says institutional investors appear to be buying bulk into global payments platform Cardano (ADA). In a new tweet, IntoTheBlock says that the volume of ADA’s on-chain transactions greater than $100k has increased by 50x in 2022 alone.
WeChat and NFTs: WeChat has blocked more than a dozen accounts belonging to non-fungible token (NFT) marketplaces from its social media platform, citing prevention of “crypto speculation.” WeChat said on Wednesday it will permit only “compliant companies” to use the social media platform to run NFT-related applets and make official company accounts. Companies must be registered with the China Cyberspace Administration to be listed as a compliant company, and their corresponding NFT marketplaces must not permit resales.
IMF and crypto regulation: The top two leaders at the International Monetary Fund (IMF) discussed crypto regulation on the Foreign Policy Live podcast, published last week. IMF Managing Director Kristalina Georgieva and Deputy Managing Director Gita Gopinath were asked how governments should respond to the growing number of challenges facing the global economy, including cryptocurrency. Georgieva explained that the IMF separates digital assets into three types: “crypto assets like bitcoin,” stablecoins, and central bank digital currencies (CBDCs). Regarding crypto assets, she said: I think we need to have a lot more work done on the regulatory front on crypto and digital money.