Crypto Headlines Dec 17, 2021

News Headlines (December 15, 2021)

  1.  How to give the gift of crypto this holiday season 

Millennials and Gen Z are more likely to hope for Dogecoin over Ethereum, while men are more likely to want Ethereum over Bitcoin, according to BlockFi. It may feel difficult to know the best cryptocurrency to gift, especially given how widely values fluctuate. If you’re a beginner, it might be best to stick to the most well-known cryptocurrencies. One Bitcoin is currently worth around $47,000, but you can choose the amount of USD you want to convert into the currency, and buy just a fraction of a coin.NFTs  might be the right pick for your more creative loved ones—artists and businesses have made NFTs for everything from the COVID-19 virus to Dolce & Gabbana jackets.

On WAX, 15 million transactions per day are driven by gaming, hosting popular titles like Farmers World, Alien Worlds and R Planet. According to the ranking site CryptoSlam, WAX recently surpassed Solana and Flow to become the third-most popular non-fungible token (NFT) chain by sales volume. This technological bottleneck, some would say, has held back crypto adoption more than any other single factor. The line between in-game and on-exchange currencies may be a little smudged but it’s far from blurred into irrelevance. This allows for some novel, unexpected ways in which gaming tokens might soon be used.

Former first lady Melania Trump has recently jumped into the fray with an NFT auction for no apparent reason. NFTs, also called non-fungible tokens or NFTs, are unique pieces of digital content linked to the blockchain, the digital database that underpins cryptocurrencies such as bitcoin and ethereum. If recalled, the first lady, a notoriously private person, has taken a more unassuming role since she and former President Donald Trump left the White House. As her husband contemplates his political future, Melania Trump has increasingly withdrawn from public view. First up on the new platform is “Melania’s Vision,” a watercolor depicting Melania Trump’s eyes as painted by Marc-Antoine Coulon, not Melania Trump, of course.

The biggest news to hit Solana in the last day is word of a $150 million gaming fund from Forte, Griffin Gaming Partners, and Solana Ventures. As the companies backing cryptocurrencies aim to build utility, using games has become a popular growth strategy, and this is a very large fund to build games for Solana. Solana was leading the way. Solana jumped as much as 17.5% in trading over the last 24 hours and as of 11:30 a.m. ET is up 15.1% on the day. The theme here is that Solana is becoming a go-to cryptocurrency for utility projects and low-cost NFT sales.

Peter Molyneux’s NFT game Legacy has sold over £40m in NFTs before the game has even been released. Molyneux thinks that Legacy is “a creative entrepreneur’s dream come true” and that it’s “an opportunity for players to build their very own business.” However, Molyneux is best known for all of the things his games failed to achieve through overpromising rather than what they did achieve. In other news, Gex, everyone’s favourite character, might be making a comeback, according to a recent trademark filing. Gex is a platform game developed by Crystal Dynamics. 

Debated as fads or the future at a time when online communication is a fact of life for many, Adidas is stepping into virtual spaces. Sports giant Adidas is stepping into the world of the metaverse by launching its first collection of NFTs. From Friday, the Adidas Originals brand will market NFTs that can be purchased in cryptocurrency, which will initially give “exclusive access” to digital accessories that can be used in the Windows video game The Sandbox. Big brands’ interest in the metaverse is more and more marked since Facebook announced that it wanted to make this space its new business project.

Tether, the issuer of the eponymous stablecoin, has praised the decision of Myanmar’s parallel government, The National Unity Government (NGU), to use USDT as an official currency. In an official blog post, Tether commended the decision taken by the NUG, a government that is recognized by the European Union and has received commendations from the United States. The NUG’s USDT adoption came as a surprise to many, given the controversies surrounding the stablecoin issuer’s reserves. The NUG is currently raising funds to the tune of $1 billion, and the adoption of the USDT comes as a measure against the current military regime.

  The Federal Reserve’s FOMC meeting which was expected to be bearish for the crypto markets. Whilst implementing a hike in interest rates, and tapering. However, the market has rebounded from the FED’s decision of keeping the interest rate at 0-0.25%. As a measure to curtail the burdening inflation.  According to substantial sources, Microsoft’s blockchain director is bullish on Ethereum’s future. As he predicts Ethereum to become the decentralized appstore by 2023. Sorare announces that users can withdraw sorare cards to any Ethereum wallet. Sorare cards are fully interoperable on Ethereum. 

In a new announcement, the San Francisco-based Golden State Warriors say they have joined forces with FTX US as the team’s official cryptocurrency platform and distributor of non-fungible tokens (NFTs). FTX US president Brett Harrison says it’s important for fans to be able to purchase collectibles on a trusted platform. “The FTX US NFT platform will provide a leading, safe and secure venue for the Warriors international fan base to access exclusive collectibles from the franchise.” 

  1.  Saitama coin price prediction: Is the new dog meme coin a buy?

Saitama is an ERC-20 token running on the Ethereum blockchain. It was made available for trading on the Uniswap decentralised exchange (DEX) following a launch on 31 May by an anonymous creator, who subsequently stepped back from the project and handed it over to the community, according to the whitepaper. The saitama token price prediction from DigitalCoin expected it to take several years for the price to move back above $0.0000001. Based on historical data, the site projected that saitama could average $0.0000000658 in 2022 and $0.0000000815 in 2023, moving up to $0.0000001096 in 2025.