Crypto Facts
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Crypto Facts is a channel regarding about Crypto Currencies and NFTs. Here we will share Crypto Facts, News, Learning Lessons, Tricks, and Tips on Trading and Investing in Crypto Currencies and NFTs.

#Crypto #NFTs #Bitcoin #Ethereum #Doge
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Majority of corporations have realized which way the wind is blowing and started to break into the emerging industry:

Apple, Microsoft and Google are preparing products for metaverses
Walmart will launch its own cryptocurrency and enter the metaverse industry
Samsung to implement NFT-platform in its smart-TVs
Facebook changed its name to Meta and announced the development of the metaverse would be their main direction
Disney is entering the metaverse industry
Nike buys NFT-company and sells digital sneakers
Adidas joins the metaverse through an NFT collaboration

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Meta (formerly Facebook) unveiled a supercomputer project for Metaverses called the AI Research SuperCluster (RSC) — the new machine to be based on artificial intelligence.

According to the developers, the RSC will be capable of performing mixed computations at 5 exaflops, making it the fastest computer in the world.

“We hope RSC will help us build entirely new AI systems that can, for example, power real-time voice translations to large groups of people, each speaking a different language, so they can seamlessly collaborate on a research project or play an AR game together," the developers added.

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Johnny Depp auctioned off 11,111 of his own paintings as NFT tokens

Among the works are portraits of Elizabeth Taylor, Hunter Thompson, Tim Burton, the actor's daughter Lily-Rose and his late dog. Depp intends to send a quarter of the proceeds from the sale of the paintings to charities.

In fact, even Justin Bieber wishes to own BAYC

Justin Bieber purchased NFT from the Bored Ape Yacht Club collection, number #3001, for 500 ETH (over $1.3 million at the time of writing).

The non-interchangeable token has rare attributes: a black T-shirt — only 3.3% of BAYC tokens have it, and sad eyes — 5.5%.

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Which crypto exchange to choose?

Newbies get lost in the abundance of information when trying to deal with this matter.

Here we'll try to answer this question as briefly and clearly as possible:

👉🏻Centralized exchanges are better suited for beginners as they are intuitive and more likely to offer specialized 24/7 support.

Among such exchanges, Binance and Coinbase are particularly popular and for good reason.

👉🏻Decentralized exchanges offer a wider selection of cryptocurrencies and various options, but they tend to be unregulated, exposing you to risk due to fraud and weak security.

The most popular decentralized crypto exchanges are Mdex, UniSwap and Sushiswap

Actually, this subject is much broader and has many pitfalls. To properly work with exchangers, learn how they work, and not to lose your data and money, you need to study many nuances.

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Blockchain worth a closer look

TON is at the same stage of development as Bitcoin was in 2011, when it was only $10, and today its potential is hundreds of times greater than its competitors.

For those who are unaware - The Open Network is an independent unique blockchain, developed by Telegram and supported by the open-source community.

The developers plan to launch smart token contracts and NFT in the coming weeks, after which even greater growth is expected for Toncoin, TON's internal coin.

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Ferrari enters the metaverse market

The Italian luxury car maker has created a department specializing in digital services that is exploring opportunities emerging in a space that combines virtual reality, gaming and social media, CEO Benedetto Vigna said Wednesday.

The department's tasks include technologies such as blockchain and immutable tokens.

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Huge contribution of Russian users to the global crypto market

The Russians
own 16.5 trillion rubles ($214 billion) worth of cryptocurrencies representing 12% of the crypto market capitalization and 30% of the capitalization of Russian stock indices.

More than 17 million Russians, or about 12% of the total population, own cryptocurrencies. Sixty percent of local cryptoinvestors are between the ages of 25 and 44, while the industry employs more than 500,000 local programmers.

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At the initiative of the champion of the NBA schoolchildren in the U.S. will begin to learn a cryptocurrency subject

The famous American basketball player, who plays for the National Basketball Association team Los Angeles Lakers LeBron Raymone James has developed a series of training courses on cryptocurrency, which he wishes to include in the school curriculum.

The innovative program to be first tested at Ohio Elementary School, which the basketball player has long financially supported. As soon as the educational institution officially announces the appearance of a new educational subject, it will be studied by about fifteen hundred schoolchildren.

It is noted that not only children, but also their families will be able to take the course if they wish.

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By 2026, 25% of Internet users will spend at least one hour a day in metaverses for work, shopping, education and entertainment, and about 30% of companies will provide products and services in digital worlds.

Analysts believe that the virtual economy will be supported by digital currencies and non-exchangeable tokens (NFTs).

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If you convert the savings of the 10 richest billionaires in BTC at the current rate, it would take 31.5 million coins, which is impossible — the maximum issue of BTC is only 21 million coins.

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Payment giant PayPal announced the creation of an Crypto and Digital Currencies advisory council

The new department will handle the company's current and future crypto products.

The board includes professors from leading universities, as well as the former chairman of the U.S. Commodity Futures Trading Commission.

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Russia Prepares To Regulate (Legalize) Bitcoin As Currency On February 18

HODLers in Russia have a reason to smile as holding cryptocurrencies in the country could soon be legalized. After previously proposing to ban cryptocurrencies, the Bank of Russia has now reached a consensus with the country's government on how to regulate cryptocurrencies.

The move signals the country's softening stance towards cryptocurrencies, and once adopted, these rules would likely further cement Russia's status as one of the world's leading bitcoin mining hubs.

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Two ETH Whales Accumulates Whopping 885.27 Billion Shiba Inu Tokens Within 24 Hours

Two
Ethereum Whales Accumulates Whopping 885.27 Billion Shiba Inu (SHIB) Tokens Worth $23.53 Million within Last 24 Hours.The 5th biggest whale of Ethereum “Gimli” ‘Holding 1 Trillion Shib Accumulates Another 442 Billion Shiba Inu Tokens.According to the recent data provided by WhaleStats, one of the biggest whales of Ethereum (ETH), “Gimli” has purchased 442,637,867,858 (442.6B) SHIB tokens, valued at $11,561,701 (11.5M) in just one transaction.

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Decentraland – Overall Best Metaverse Crypto to Buy in 2022

The Sandbox – Next Best Metaverse Crypto Coin to Invest in

Axie Infinity – Top Metaverse Crypto Coin for Play-to-Earn Gaming

Enjin Coin – Cheap Metaverse Crypto Coin That Could be Undervalued

Ethereum – The De-Facto Home of the Best Metaverse Crypto Coins

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Do Not Buy Bitcoin if You Agree With Any of These 10 Statements

1. You are not afraid of inflation. You think inflation is great for the fruits of your labor.

2. You trust the Fed and other central banks to make good decisions for everyone.

3. You trust your government blindly.

4. You think wars are normal.

5. You like coercion.

6. You are for prosperity, but only for a tiny minority of humanity.

7. You like complexity, and you don't want to understand anything about how the current system works.

8. You like opacity and the corruption it encourages.

9. You like cronyism.

10. You like chaos.

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U.S. sanctions against Russia will push nations to add Bitcoin to their reserves. Here's why.

Vladimir Putin had prepared his plan well before invading Ukraine. He has been deleveraging Russia for years and accumulating foreign exchange reserves year after year. At the beginning of this year 2022, Russia had 640 billion in reserves.

Putin thought he was safe from American and European sanctions because this sum represents 23 months of imports for Russia. Putin would have had time to wage his war in Ukraine, to take control of it, before hoping that the international community would finally accept the situation.

The problem for Putin is that the West was united against his invasion of Ukraine and responded with nuclear economic and financial measures. Measures that undermine the economic fortress that Putin thought he had built for Russia. The problem is that 16% of Putin's reserves were in US dollars and 32% in euros. De facto, half of Russia's reserves are no longer usable after these sanctions. This figure rises to 60% as other currencies held by Russia are no longer usable. Russia also has to rely on China to support it as it holds 17% of its reserves in yuan.

Of Russia's $640 billion in reserves, $130 billion is in gold. Russia, therefore, has full control over only 20% of its reserves.

When a country faces economic and financial sanctions from America or Europe, whether justified or not, it is completely stuck. A country like Russia can probably hold out longer than a small country in the economic sense.

This is where the value of Bitcoin will become apparent to more and more nations in the future. Indeed, Bitcoin offers something unique in this respect. Bitcoin cannot be controlled and therefore gives you more freedom than those fiat currencies. Adding Bitcoin to your reserves will become a necessity in the future. More and more nations will make this choice.

So what is happening now with the financial and economic sanctions against Russia seems to me to be something extremely Bullish for Bitcoin in the medium and long term. No one can be happy about this war, but it is in these dark hours that the need for an uncensored global P2P payment system like Bitcoin becomes apparent.

And this for individuals as well as for nations.

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