March 26, 2024
NEW DELHI: Here is the daily roundup of news around cryptocurrencies that you should be aware of.
Crypto attracts more money in 2021 from VCs than all previous years combined
Cryptocurrencies have attracted about $30 billion in 2021, more than in all previous years combined, reported Bloomberg. That’s almost quadruple the previous high of around $8 billion in 2018, or the year following Bitcoin’s more than 1,300 per cent breakthrough gain, according to transaction data compiled by PitchBook Data.
RBI reiterates that it favours complete ban on cryptocurrency
The Reserve Bank of India (RBI) has conveyed to its central board that it favours a complete ban on cryptocurrencies. A detailed presentation made to the board highlighted “serious concerns” relating to macroeconomic and financial stability as well as exchange management. Economic Times has more on this report.
Adidas Originals sold $23 million in first NFT drop
German sportswear giant Adidas Originals has earned $23.5 million by selling 30,000 of its “Into the Metaverse” non-fungible tokens (NFTs). The NFTs will provide access to virtual wearables for blockchain-based gaming world the sandbox, plus matching physical products for NFT owners in 2022. The company earned 5,924 Ethereum (ETH), and each NFT costed 0.2 ETH. Adidas made the NFTs in partnership with Bored Ape Yacht Club, Punks Comics, and GMoney. More on that here.
Melania Trump’s NFT venture
You can now own a digital watercolor painting of Melania’s Trump’s…

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