Welcome to another edition Crypto NFT Today! If you love cryptocurrency, NFT, and riding the rollercoaster of emotions, this is the place to be.
Are you ready to crunch? Let’s get started.
Businessweek Columnist Writes Definitive Crypto Essay
Popular Bloomberg financial columnist Matt Levine has written a crypto manifesto. The longtime financial columnist published a 40,000-word article on all things cryptocurrency in Businessweek.
In the midst of the worst downturn in the industry’s 14-year history, Levine offers equal parts praise, criticism of bad and troubling expectations that this new way of moving money and information remains strong.
For cryptocurrency historians, or new investors looking to learn the ropes in a relatively short period of time, this definitive all-inclusive essay provides rich background and context. The complexities of the industry are (mostly) laid out in plain English, providing the perfect on-ramp for new users.
Read the article here.
UK Votes to Regulate Crypto Assets
MPs in the UK voted to recognize crypto assets as regulated financial instruments and products on Tuesday. The House of Commons will add crypt to the list of assets in the preview of the proposed Financial Services and Markets Bill.
The general purpose of the bill is to plan a post-Brexit economic strategy, and crypto is included in the extensive document.
“The point here is to treat them [crypto] like other forms of financial assets and not more happy, but also have to enter the scope of regulation for the first time, “said Andrew Griffith, financial services and the city minister, during the parliamentary meeting before the members of parliament voted generally to keep the amendments in the legislative package.
Dogechain Value Triples in One Week
The token for Dogechain, DC, has tripled in the last week. It is not the first time memecoin has taken up in value, and Dogechain community members now vote on the “big burn” proposal, which determines whether the total supply of tokens must be reduced by 80% proportionally in all allocations.
DC traded at $0.0004 on Friday and rocketed – in percentage terms – to $0.0018 Sunday.
When Dogechain was created in August, it fell 90% in the first month. Now, they have generated a lot of momentum, with a market capitalization of $46 million.
Game Mobile Lands $50 Million Investment
The web3 gaming sector continues to receive mega infusions. The latest is a $50 million investment commitment for Manc from GEM Digital Limited. Manc is a mobile game development company that has released three mobile games and reached over 3 million downloads.
Mancium tokens are Manc Games utility tokens and represent the next generation of public blockchain solutions. Mancium also powers the entire Manc ecosystem, with tools spread from the marketplace platform to in-app purchases, special in-game events to the ability to collect supplies for the Manc Academy.
In addition, Mancium will have unique uses and abilities in the meta version of Manc Games.
Positive News for Bitcoin and Crypto Regulation