CRYPTOCURRENCY NEWS: Latest BITCOIN News, ETHEREUM News, SOLANA News
The majority of the parliament rejected a proposal to tax Bitcoin and other cryptocurrencies in the Portuguese parliament. The proposal was tabled by the left-wing parties who had plans to tax crypto to help the country’s economy. The rejection of this bill has fended off the fears of Bitcoin taxation, but it might not last for a long while.
The latest data for Bitcoin shows that it has shed 2.25% over the last 24 hours. If we compare the weekly performance of Bitcoin, it has shed 4.68%. The tendency to increase Bitcoin losses shows that it might go lower in price value.
The price value for Bitcoin shows that it has reached $29,007.12. If we compare the market cap value for Bitcoin, it has reached $553,275,051,055. The 24-hour trading volume of Bitcoin is about $38,362,556,032.
ETH degrades further
Ethereum 2.0 has continued its forward march despite blocks. The validators have been facing problems, but they have continued to ensure that the anticipated merge takes place in time. On the other hand, its price value has been facing problems due to bearishness, and it has reached its yearly low.
The latest data for Ethereum shows that it has shed 9.82% over the last 24 hours. If we compare its performance for the last seven days, it has shed 13.67%. The changes in Ethereum value show that it has continued to recede and might continue further.
The price value for ETH has lowered to $1,755.90. The market cap value for Ethereum has been reduced to $213,117,788,236. The 24-hour trading volume of ETH is about $24,940,750,379.
SOL super bearish
Solana has also been in losses since the market has continued its downward journey. The latest data for these coins shows that it has shed 12.41% over the last 24 hours. The comparative losses for the last seven days are also increasing as this value has reached 20.56%. The increasing losses suggest that SOL might shed one-third in its journey.
The price value of SOL has reached $42.15 while the depreciation continues. The market cap value for this coin is estimated to be $14,410,805,621. The 24-hour trading volume of this coin is about $2,319,793,541.
AVAX continues to dip
Avalanche has continued dips as its market has seen little change. The latest data for this coin shows a loss of 17.15% over the last 24 hours. If we compare the losses for the last seven days, these amount to 27.20%. The increasing trend of losses with a tremendous speed is worrying for the investors.
The price value for this coin is about $22.78. The market cap value for AVAX is estimated to be $6,167,782,642. In comparison, the 24-hour trading volume of this coin is about $1,016,479,531. The circulating supply for this coin is about 270,802,194 AVAX.
Metaverse, Facebook, Second Life, and Other Forerunners of the Metaverse
After a year-long IPO and numerous investments, the metaverse is now a unicorn, with $910 million raised over the past two years. Its current investors include metaverse VC specialist Liberty City Ventures, Winkelvoss Capital, Soros Fund Management, and Boyu Capital. Its valuation is five billion dollars, making it one of the most valuable startups in the world. Its founders have also landed major partnerships.
While the real implementation of the metaverse may be months or years away, a lot of companies are already gearing up to provide the technology. Perhaps the most well-known example of a metaverse is Second Life, an online massively multiplayer game where players create their own virtual world and experience a second life within it. The game, created by the San Francisco firm Linden Lab, was a forerunner of the metaverse. In addition to the massive multiplayer aspect, it offered a virtual economy and social interaction.
The goal of the developers is to create an interoperable and decentralized metaverse, allowing users to build and monetize their own worlds. However, it is important to note that this technology does have its risks. Regulatory uncertainty, counterfeit NFTs, and trading scams are some of the risks that the metaverse faces. Despite these risks, the company behind Metaverse, Facebook, and other large tech companies, has the advantage of budget and trust.