Digital currency industry latest news in UK

Different cryptocurrency news around the world: A comparative study

This blog is an amalgamation of different news regarding cryptocurrencies. We will discuss GME, NFTs, Bitcoin, and Ethereum’s price in this article.

GameStop Corporation (GME) has seen massive upheaval in the prices of its shares. This has happened after people heard the news about their new NFT being released. The corporate entity has been working on this concept for quite a long time, from May. if you want to learn more about it, then you should follow the Digital currency industry latest news in UK. But things started to heat up in October when the company release vacancies for numerous positions related to Web 3.0 and NFT development. This includes software engineering experts, product marketing experts, and other such positions, etc.

Currently, it has more than 20 people working on the background for creating this NFT. This platform will allow people to buy, sell and trade the gaming units, and also become a part of cryptocurrency partnerships.

This marketplace is still in the papers and will be launched accordingly.

But this idea is not only their idea, as the company has got two more partners in the mix. These partners will share the technology, and work on the Blockchains and a game based on NFTs, along with NFT programs.

Market traders are quite happy with the news, and they played a crucial role to drive the price up by 26%. The price was around $165, as per the data collected from online sources. It should be noted that trading during after-hours can be an excellent option.

But this is not the only thing you should know while navigating the market. For example, you must know what the US President is thinking about CFTC (Commodity Futures Trading Commission) nominations. He has nominated Caroline Pham’s and Summer Mersinger’s names to the Senate. He also nominated Jerome Powell and Lael Brainard for the positions of Chair and Vice-Chair for the Federal Reserve. We will tell about the future of these nominations in later articles.

It is not the best week for either Bitcoin or Ethereum. The prices of these digital currencies have plunged drastically, Ethereum by 13%. Bitcoin’s price is $41,413 right now, and it shows how much it suffered. This has occurred primarily due to two reasons.

We know that Kazakhstan ranks second as per the Bitcoin mining hash rate. Until now, the country was a relatively quiet place, but now, it has suffered political unrest, and the government resigned. Due to this, Kazakhtelecom put a stop to the internet services, thus severely affecting the mining activity. The mentality of the Feds (with retrospect to inflation) is also the reason behind the market’s behavior.

The SEC (Securities Exchange Commission) mentioned that the ICO tokens from Crowd Computer are securities, and they are unregistered.

So, the organization has filed a case against the company Metavine Inc., stating that the company has never disclosed its intention regarding these coins. Of course, the defendant’s party is denying these allegations, and we will keep checking on the results.

This is what you should know about the digital currency industry latest news in UK.