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Crypto Market Highlights April 1, 2022
609 days ago - Around 4 mins mins to read
Crypto Market Highlights: General News
- El Salvador will be the home of the World Blockchain Festival in April. The World Blockchain Festival sponsored by the government of El Salvador will be a discussion forum on blockchain technology, Bitcoin, DeFi and tokens. But it will also have recreational and commercial activities for attendees on April 21, 22 and 23. The event is organized by Spartan Hill, a Colombian company that specialized in blockchain projects. It will be a mix of education, fun and networking, as there will be conferences on topics of interest related to bitcoin and other cryptocurrencies.
- Shiba Inu whales increase 103% token in their wallet in the last 24 hours. According to WhaleStats, the average balance of Shiba Inu among the largest wallets doubled, which indicates that whales are not losing interest in the SHIB token. These whales have recently purchased more than 470 billion Shiba Inu tokens worth approximately $10 million. Such large purchasing events allowed Shiba Inu to reach the first place as the second-biggest holding among Ethereum whales worth $1.2 billion.
- Chiliz, the parent of fan token platform Socios, launches its first public testnet named Scoville. Chiliz is developing a second-generation blockchain to let other sports and entertainment brands build all sorts of potential Web3 applications alongside Socios—from NFTs to games, DeFi apps, and more. The Socios platform has signed soccer giants like FC Barcelona, Paris Saint-Germain, and Juventus, plus the UFC, F1 teams, and esports clubs—over 130 partners in total. And Lionel Messi is the new face of the platform.
- Binance will be the Recording Academy’s first-ever official cryptocurrency partner for the 64th annual Grammy Awards, which begin this Monday at 10 a.m. This year’s awards will be held at the MGM Grand Garden Arena in Las Vegas, rather than the usual locations in Los Angeles or New York. Trevor Noah of The Daily Show is hosting, while nominees Billie Eilish, Olivia Rodrigo, BTS, and Lil Nas X will perform. Other activities during “Grammy Week” are part of the collaboration, including the first Recording Academy Honors party the night before the awards show, where John Legend will be honoured with a global impact award.
- The IMF warns Russian sanctions could increase the usage of crypto and weaken the dollar’s dominance. The IMF’s first deputy managing director, Gita Gopinath, says there are signs that some nations have begun renegotiating the currency in which they are paid for trade. “The dollar would remain the major global currency even in that landscape, but fragmentation at a smaller level is certainly quite possible,” she explains. According to Gopinath, the current situation could impact the overall adoption of currencies other than the US dollar, such as stablecoins and central bank digital currencies (CBDCs). She also warned about the lack of regulation surrounding cryptocurrencies, emphasizing the importance of addressing this issue before their widespread adoption.
- Billy Markus, the founder of Dogecoin has a massive attack on DogeTuber Matt Wallace, accusing him of rug pulling and calling him out for it. The assault was most visible in two tweets from Markus’ official Twitter account. Markus shared a tweet posted by Coffeezilla, an Internet Detective Exposing Scams, in the first tweet. The original tweet included a video of Wallace and others on a Telegram call, during which Wallace was struggling to explain what had happened. Coffeezilla captioned the tweet by saying, “DogeTuber” Matt Wallace launches another shitcoin and it instantly rugs, lmao. Their telegram is pure chaos,” while Markus shared the tweet and expressed his anger.
- Yum! Brands, the parent company of Taco Bell, Pizza Hut, and Kentucky Fried Chicken (KFC), has filed various trademark applications for non-fungible tokens (NFT) and metaverse products and services, following in the footsteps of fast-food rival McDonald’s. The applications were submitted to the U.S. Patent and Trademark Office on March 25, 2022. Inspire Brands, Inc., the owner of the ARBY’S, BASKIN ROBBINS, BUFFALO WILD WINGS, JIMMY JOHN’S, and SONIC brands, has also filed several new trademark applications in recent days.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
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Author: Andy
