Crypto Wrap — Bitcoin and Ethereum will rise.India needs to establish cryptocurrency regulations, CoinSwitch CEO said
Riyad: Bitcoin, the internationally major cryptocurrency, traded high on Wednesday, rising 0.88 percent to $ 30,237.18 at 5:50 pm Riyad time.
According to Coindesk data, the price of Ether, the second most traded cryptocurrency, rose 1.93 percent to $ 2,056.49.
India needs to set rules for cryptocurrencies, says CoinSwitch CEO
The federal government’s move to tax Bitcoin’s income is a sign that New Delhi has embraced the technology, despite India’s central bank supporting a ban on cryptocurrencies because of risks to financial stability. Is interpreted by the industry as.
According to Reuters, CoinSwitch CEO Ashish Singhal said India needs to set cryptocurrency rules to resolve regulatory uncertainty, protect investors and boost the sector. rice field.
At the World Economic Forum in Davos, former Amazon engineer Singhal, who co-founded CoinSwitch, said: Will it be regulated? “
According to Reuters, CoinSwitch is worth $ 1.9 billion and has more than 18 million users in India. Andreessen Horowitz, Tiger Global, and Coinbase Ventures support companies based in Bangalore, India’s leading technology hub.
Private cryptocurrencies have raised serious concerns for India’s central banks, but Prime Minister Narendra Modi in December 2021 said the technology should be used to strengthen democracy rather than weaken it. I said that.
From Metaverse Hatta to Mars
Everdome Metaverse will host a land auction on May 30, 2022, allowing investors to bid to own part of Mars.
According to the statement, Everdome will be launched in three phases throughout 2022, taking users from Hatta in the United Arab Emirates to Mars.
Epic Games’ Unreal Engine 5 and state-of-the-art 3D scanning technology make it impossible for players to tell the difference between reality and gameplay.
Approximately 12,000 hexagonal lands sold through an eight-week auction. Each auction features 1,500 plots and runs for a week in the in-game area of the six unique districts of Everdome.
Over the next eight weeks, 12,000 hexagonal Metaverse lands will be available for purchase throughout the Everdome ecosystem.
A total of 1,500 lots will be offered per auction, distributed across the six districts of Everdome, with each auction running for a week.
Rob Gryn, CEO and founder of Everdome and Metahero, said in a statement: People want real-life experiences at the push of a button. This is exactly what the Metaverse offers. “
He explained that Metaverses offers sales, marketing, hospitality, and education experience.
According to the statement, the parcels of land within the Everdome can be developed in the way the owner deems appropriate, and the owner can choose to generate income or resell the land.