One of the most recent celebrities to join the NFT and metaverse space is Kevin Durant, the professional basketball player for the Brooklyn Nets of the National Basketball Association (NBA). Together with his Venture Capital firm Thirty Five Ventures LLC, Durant has filed as many as 26 trademark applications with the United States Patent and Trademark Office (USPTO) on May 19. Licensed trademark attorney Michael Kondoudis broke the news via his Twitter profile on Tuesday, March 24: If the applications are accepted, they will allow the sports star’s fans to purchase his downloadable and unique NFTs, NFT-backed media, and crypto-collectibles, as well as trade them on NFT and crypto marketplaces....

Beyond’s reported revenue fell by 1.6% to $147 million with the adjusted earnings before taxes equating to a loss of $68.8 million and gross margins remaining at -4.2%. Even, Micheal Burry, of the Big Short fame, argued that the silliness is back in the markets after a short bear market seen in 2022. Meanwhile, DraftKings (NASDAQ: DKNG), gained over 30% in the past week; however, unlike the above-mentioned, DraftKings posted a solid earnings report....

Speaking to Kitco news, Fried stated that Solana’s unique underlying technology for developing decentralized finance protocols will also contribute to the token’s price surge. According to Fried, Solana has the ability to scale millions of transactions per second natively, an aspect that offers the token an upper hand in the DeFi space. Furthermore, Fried indicated that the crypto space will continue to experience crashes and bull runs, but several projects will likely survive the cycles....

Klarman suggested that the crypto sector will likely end up being worthless while questioning the concept of investing in multiple assets, Business Insider reported on June 23. According to the billionaire, the crypto sector is likely meant for a few individuals even as proponents maintain that the market is headed for maturity and likely to culminate in mainstream adoption. Questions over Bitcoin’s mining In validating his objection to cryptocurrencies, the billionaire voiced the perennial concern about Bitcoin’s mining impact and power consumption....

In a blog post, CEO Changpeng Zhao said the company seeks to double the compliance team by the end of the year without specifying the number. According to Zhao, Binance’s international compliance team and the advisory board had grown by 500% since last year. As part of strengthening the team, Binance has already made several high-profile hirings. Former Financial Action Task Force executive secretary Rick McDonell, former head of the Canadian delegation to the FATF Josée Nadeau, and former US Ambassador to China Max Baucus are the recent additions to the team....

Data provided to Finbold by cryptocurrency trading simulator Crypto Parrot indicates that Bitcoin recorded an average daily trading volume of $36.7 billion between October 1 and October 11. The trading volume is at least two times higher than electric vehicle manufacturer Tesla (NASDAQ: TSLA) which had $14.64 billion Worth noting is that Bitcoin’s trading volume is significantly higher considering that the asset is traded 24/7 while the stocks are confined to five days exclusive of holidays....

Indeed, despite the flash collapse on Friday, which knocked away about 9% of the global cryptocurrency market in a matter of hours, Bitcoin is now changing hands at $56,810, down 1.10% in the last 24 hours and down up 0.90% in the previous week, according to CoinMarketCap data. The flagship digital asset is now trading at $1.07 trillion. Meanwhile, the market’s uneven performance has left it in a situation of confusion, with experts split on whether it has lost its momentum after setting an all-time high earlier in November....

During a discussion with Bloomberg’s Paul Sweeney and Sonali Basak on December 22 on The Tape Podcast, Bloomberg Intelligence’s Senior Commodity Strategist, Mike McGlone, shared his positive outlook for the cryptocurrency market. While he described oil as being in a “bear market,” he considers Bitcoin as being in the exact opposite situation. The cryptocurrency has gained 64% year to date thus far and has more than doubled in value since this time last year, with McGlone describing the asset as being in an “enduring bull-market....

Speaking to Kitco News, Scaramucci stated that Bitcoin’s true value is based on the asset’s growing network that will take less time to outperform gold. The hedge fund manager believes that at the moment, Bitcoin should not be viewed as gold’s competitor stressing that the precious metal took thousands of years to reach the current market valuation. At the same time, he advised that although the current cryptocurrency market volatility presents an investment chance, there will be additional buying opportunities for Bitcoin in the future....

According to data provided by on-chain market analysis company Glassnode, the Bitcoin transfer volume for 2021 has hit $15.8 trillion. The figure represents 71.08% of the United States Gross Domestic Product of $22.24 trillion. The data entails the total amount of Bitcoin transferred on-chain for successful transactions in 2021. The transfer value peaked amid the Bitcoin bull run early this year when most institutions recorded a high net flow of capital in the cryptocurrency space....

In a matter of only 15 days, around 61,000 Bitcoin has been taken off the exchanges, according to a chart by the on-chain analytics platform Glassnode, shared by Bitcoin Archive on March 22. Based on the price of Bitcoin price at press time, the amount that left exchanges equates to roughly $2.6 billion. Specifically, the amount of Bitcoin on these exchanges 15 days prior to the time of publication was around 2....

Indeed, blockchain and metaverse projects received $1.3 billion in investments over the course of Q3, which is a decrease of 48% compared to Q2 2022, according to a new report by blockchain analytics platform DappRadar, published on October 12. In-depth investment analysis To acquire this data, DappRadar tracked blockchain activity across 50 networks, finding that, despite the decline in investments compared to Q2, they have, in fact, nearly doubled from last year’s total....

Data provided by analytics platform CB Insights indicates that blockchain startups received funding amounting to $4.38 billion, representing an increase of 51.5% from the 2021 Q1 figure of $2.89 billion. Payments company Circle received the highest funding at $440 million ahead of its plans to go public. The firm will go public through a $4.5 billion merger with a special purpose acquisition company, Concord Acquisition Corp. The second-largest funding went to crypto hardware wallets manufacturer Ledger at $380 million....

According to data presented by Finbold, United Kingdom Black Friday 2021 sales are projected to grow 21.7% on a year-over-year basis from £2.78 billion to £3.39 billion. Despite the impact of the coronavirus pandemic, sales increased 10.1% between 2019 and 2020 from £2.53 billion to £2.78 billion. Elsewhere, this year, the Brits are expected to spend a total of £3.38 million per minute during the Black Friday shopping weekend. They are projected to spend £1....

Indeed, President Faustin-Archange Touadéra continues to support Bitcoin (BTC) and crypto, affirming the decision of his country to adopt it as “choosing the right path during hard times,” in a tweet published on June 14. According to him: Specifically, the ‘hard times’ he mentioned refer to the recent crypto market downturn, which has affected all digital assets and caused the collective loss of $370 billion in total market capitalization over the course of a single week....

As a result of Ethereum’s long-awaited Merge upgrade to a consensus process based on Proof-of-Stake (PoS), which needs 99.95% less energy, Bitcoin will remain the biggest cryptocurrency utilizing the antiquated proof of work consensus method, which requires a significant amount of energy. Greenpeace has started a petition urging Fidelity Investments to encourage Bitcoin to adopt the same energy-saving protocol as Ethereum, greatly reducing Bitcoin’s impact on climate change, and the “Change the Code, Not the Climate” campaign has pledged an additional $1 million for new online advertisements....

Net sales were up by 16% to $10.5 billion against the expected $9.83 sales, while organic revenue rose 18% in the quarter. Net income for shareholders was reported to be $2.78 billion or 64 cents compared to $2.25 billion or 52 cents per share a year earlier. Pricing and mix, price increases across the Coca-Cola portfolio, grew 7% in the quarter which was supplemented by bottling drinks in smaller packages....

Coinbase received a Wells Notice from the Securities and Exchange Commission (SEC), which essentially informs a business that it plans to sue it in court, according to Paul Grewal, the company’s top legal officer. In light of this, Grewal confirmed Coinbase would now delay introducing its ‘Lend’ product until at least October. Some regulators in the United States, for example, have voiced concern about the proliferation of programs that enable cryptocurrency owners to lend their holdings for interest, claiming that such products should conform with current securities regulations....

In this line, Bloomberg Intelligence senior commodity strategist Mike McGlone has suggested that Bitcoin and Ethereum will be the potential winners from any interest rate hikes citing ongoing activities around the two assets, he said during an interview with The Wolf of All Streets on September 13. McGlone, who previously predicted Bitcoin would trade at $100,000, also cited the potential bullish impact of the Ethereum Merge upgrade on the general crypto market....

Indeed, Bitcoin’s volatility index has dropped below 25 which, historically, meant “a guaranteed recipe for massive volatility,” crypto trading expert and analyst Michaël van de Poppe said in his tweet on October 10. Van de Poppe noted three historical scenarios that could foretell this massive volatility by comparing Bitcoin’s volatility and price charts. The first one was a crash to $3,000 in 2018, followed by a break above $4,000 to $14,000 in 2019, as well as a “break above $10K in 2020 (kickstart bull 2021)” or “twice up, once down (Nov 2018),” as Alex Krüger, who first noticed the pattern, said....