Cardano and Ripple Will Fall Out of Top 10: 2022 Predictions From Arcane Research
2021 has been a roller-coaster ride for the cryptocurrency industry and Arcane Research expects more intriguing developments in 2022.
Cecil Alliance Foundation Set to be Blockbuster Project of 2022
Reading Time: 2 minutes Cecil Alliance Foundation is our pick for the top project of 2022 The project has signed deals with major national federations and solves several major headaches in the animal industry Cecil Alliance Foundation is set for launch in Q1-Q2 of next year This is the time of year where crypto influencers start offering their thoughts on what the biggest cryptocurrency project for 2022 will be, with the usual suspects making the lists, including existing DeFi and metaverse coins. However, there is one project that is set to launch in 2022 that could blow all of these out of the water,
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According To BuyUcoin, Five States Would Contribute More Than ₹830 Crore To Crypto Investments In…
According To BuyUcoin, Five States Would Contribute More Than ₹830 Crore To Crypto Investments In 2021
According to BuyUcoin statistics, the top five Indian states contributed more than ₹830 crore to crypto investments in 2021. Karnataka, Maharashtra, Uttar Pradesh, Delhi, and Haryana are among the top states that contributed between ₹150 and ₹200 crore respectively.
In 2021, Five States Would Contribute More Than ₹830 Crore To Cryptocurrency Investments
BuyUcoin, founded in July 2016, is the leading cryptocurrency wallet and exchange platform, allowing businesses and customers to transact with digital assets such as Bitcoin, Ethereum, Ripple, and others.
BuyUcoin is on a mission to ‘bring cryptocurrencies into a million Indian pockets’, with over 350,000 customers attesting to the ease with which BuyUcoin allows digital asset trading.
Between January and December 2021, BuyUcoin’s user base increased by more than 1,400%. With an 843% increase in 2021, every fourth BuyUcoin user is a woman.
Southern Indian states dominated in user base, with Karnataka, Telangana, and Tamil Nadu accounting for 27% of the user share. Northern states such as Uttar Pradesh, Delhi, and Haryana account for around 24 percent of all users.
Every fifth user on the network comes from Western states like Maharashtra, Gujarat, and Rajasthan. Meanwhile, West Bengal accounts for less than 5% of the user base.
“We are looking at the year 2022 with a great amount of optimism and hope. We will see the crypto market enter a more mature phase with sustained growth momentum,” stated BuyUcoin CEO, Shivam Thakral.
Things You Need To Know About India’s Burgeoning Cryptocurrency Sector
Shivam Thakral, CEO of BuyUcoin, noted that the regulatory environment in India and throughout the world would be critical in changing the crypto business from budding to a mainstream industry.
Approximately two-thirds of BuyUcoin users are between the ages of 18 and 34, with more than a quarter between 35 and 55. More than 20% of users are beyond the age of 45.
BuyUcoin has the most Bitcoin, Ethereum, Ripple, Shiba Inu, Dogecoin, Cardano, and Solana traders. NFTs and Defi Space were the most popular portions, followed by meme coins.
In 2021, the platform’s staff more than quadrupled, employing more than 55 employees.
The management thinks that good regulation of crypto assets will guarantee that an extensive crypto startup ecosystem is nurtured correctly to contribute significantly to the country’s GDP.
“We will see a significant rise of metaverse in India which will begin with increased awareness of the metaverse concept and how it can contribute to the digital economy of India,” said Thakral.
According To BuyUcoin, Five States Would Contribute More Than ₹830 Crore To Crypto Investments In… was originally published in BuyUcoin Talks on Medium, where people are continuing the conversation by highlighting and responding to this story.
Hundreds of El Salvador citizens report missing Bitcoin from their wallets
Hundreds of El Salvadorans are claiming that their Bitcoin has been disappearing mysteriously from their Chivo wallet.
The post Hundreds of El Salvador citizens report missing Bitcoin from their wallets appeared first on CryptoSlate.
An African Perspective on Why the World Needs Cryptocurrencies
Rising cryptocurrency use in Africa over the past few years has not only shown that digital currencies are now a vital means of moving funds across borders and between people, but that cryptocurrencies are also an important means of accessing global markets for the financially excluded. Cryptocurrency Now a Necessity Despite ongoing efforts by regulators […]
Decline in Retail Interest? Bitcoin Google Searches Drop to Yearly Lows
While the number of Bitcoin Google searches is on the decline, NFTs continue to grasp people’s attention.
Road To $1: Expectations Run High As Record 1.1 Million Shiba Inu Holders Keen On Early 2022 Profit
Shiba Inu ($SHIB) officially smashed the 1,000,000 holders record in November. An additional 100,524 holders have been recorded since November 25th according to Whalestats The record indicates that Shiba Inu has been found in the wallets of over 1,000,000 investors who plan to hold Shiba Inu for longer periods. Shiba Inu, the self-professed Dogecoin killer, […]
Pompliano highlights “key points” lost in Bitcoin’s energy use argument
Pompliano told CNBC in an interview that Bitcoin’s energy usage continues to become more…
The post Pompliano highlights “key points” lost in Bitcoin’s energy use argument appeared first on Coin Journal.
Expectations Run High As Record 1.1 Million Shiba Inu Holders Keen On Early 2022 Profit
Shiba Inu ($SHIB) officially smashed the 1,000,000 holders record in November. An additional 100,524 holders have been recorded since November 25th according to Whalestats The record indicates that Shiba Inu has been found in the wallets of over 1,000,000 investors who plan to hold Shiba Inu for longer periods. Shiba Inu, the self-professed Dogecoin killer, […]
The post Expectations Run High As Record 1.1 Million Shiba Inu Holders Keen On Early 2022 Profit appeared first on CoinRegWatch.
Ready Player Me raises $13M to expand metaverse platform
The three-dimensional avatar platform seeks to expand its digital presence throughout the metaverse heading into 2022.
Metaverse gaming platform Ready Player Me has announced a $13-million Series A funding led by the respective co-founders of Wise and Teleport, Taavet+Sten, with further participation from the co-founder of GitHub, Tom Preston-Werner, alongside Samsung Next, Konvoy Ventures and Gmoney.
The platform intends to utilize the capital to advance ambitions for avatar interoperability between metaverse worlds. This initiative supports the thesis of multiple digital dimensions as opposed to a singular model, a critic often leveled at Meta, formerly known as Facebook, amid cautions of its attempts to land-grab, or monopolize, the metaverse space.
Aside from this, Ready Player Me will also expand its workforce to over 70 employees and support its community of developers with the introduction of new application program interfaces and software development kits to enhance the product offering, and in turn, the front-end user experience.
Today, Ready Player Me’s avatar model is being utilized by more than 1,000 companies and organizations, ranging from Somnium Space to Verizon. In addition, the platform has also established collaborative partnerships with seasoned commercial brands Warner Brothers, Dior and New Balance, among others.
The metaverse isn’t a single app/game – it’s a network of thousands of virtual worlds people visit to play, work, and collaborate. It makes no sense for you to create a new avatar for each game or experience. Your avatar should be able to travel with you across the metaverse.
— Ready Player Me (@readyplayerme) December 28, 2021
Revealing its ambitions for the coming year in an official blog post, the team’s marketing manager, Daniel Marcinkowski, noted that it would aim to “build the best avatar system for developers across the metaverse,” while CEO Timmu Tõke stated:
“With the funding, we will scale our partner network further and will build out monetization tools for developers to help them make money with avatar customization assets and NFT’s. Our goal is to become the default system for the metaverse.”
Related: Concerts in the metaverse could lead to a new wave of adoption
Amid growing speculation on the visual characteristics of metaverse worlds, consumer privacy and safety, the evolution of social interaction and other technological questions, a wider conversation on the implications of Web 3.0 — to which the metaverse is an essential part — has emerged on Twitter.
Tech titan Jack Dorsey argued that the early construction of current Web 3.0 infrastructure is being dominated by venture capitals and limited partnerships who hold traditional Web 2.0 centralized intentions. “It will never escape their incentives,” he said of Web 3.0 before perceiving that it is “ultimately a centralized entity with a different label.”
Dorsey received passionate engagement from several crypto experts, advocates and commentators, including Balaji Srinivasan, Farokh, Tyler Winklevoss, alongside intermittent satire from Elon Musk, who pronounced his consistent rhetoric of favoring Dogecoin (DOGE) over other crypto assets.
In late November this year, Dorsey departed Twitter to commence work on a decentralized exchange project titled tbDEX, alongside pledging to support the cultivation of Bitcoin’s ecosystem to reach its maximum potential, perhaps even to surpass the dollar in his view.
— jack⚡️ (@jack) December 21, 2021
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