Inflation Might Bring New Crypto Users, Tethered Peso, the Price of Zuckerberg's Meta Ambitions + More News - Aliens: AI Crypto News & Markets Updates
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Inflation Might Bring New Crypto Users, Tethered Peso, the Price of Zuckerberg's Meta Ambitions + More News

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Cryptonews

Thu, May 26, 2022

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KuCoin said that per the results of its survey, 27% of the respondents in the US have invested in cryptoassets, based on a total sample of 1,026 US adult internet users aged 18 to 60 who are self-identifying crypto investors, polled between October 2021 and March 2022.

53% of the respondents claimed to have doubled down their money invested in crypto in the first quarter of 2022, while the share of 41-50-year-olds rose by 7% over the past quarter.

Financial company Circle , the issuer of the USD coin (USDC) stablecoin, stated that USDC and other private-sector innovations are already achieving what a central bank digital currency ( CBDC ) would hope to offer, in response to the Federal Reserve’s discussion paper on the potential impact of a US CBDC.

Mark Zuckerberg said in the annual shareholder meeting for Meta that he plans to invest heavily in his company’s metaverse ambitions, and that will mean losing “significant” amounts of money on the project in the next three to five years.

Gaming developer Kongregate and Ethereum (ETH) layer 2 solution Immutable X announced a USD 40m fund that will be awarded as grants to blockchain game integrations on the Kongregate.com platform.

The fund will be focused on the metaverse and bringing greater crypto adoption to emerging markets like Latin America and Africa, they added.

Binance Bahrain has received a Category 4 license as a cryptoasset service provider from the Central Bank of Bahrain, which lets them offer a wider range of crypto exchange services to users in Bahrain.

Its first-quarter revenue for its “OEM and Other” business unit fell 52% to USD 158m from the same quarter last year due to a decline in its crypto mining processor sales.

Mark Zuckerberg Meta Metaverse Elon Musk Tesla Gaming Investment Ethereum Bitcoin USDC Tether Tron Polygon EU Regulation Cooinbase BitMEX Binance KuCoin Bitfinex Career Survey Adoption Kazakhstan Bahrain USA Stablecoin Circle NFT Mining Nvidia

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