“Cryptocurrencies] may hold long-term promise, particularly if the innovations promote a faster, more secure and more efficient payment system.” – Ben Bernanke ( Former Chairman of the US Federal Reserve)
Real Vision CEO Raoul Pal Expects A Massive Pump In Price For Cryptocurrencies During The First Quater Of 2022
In a Monday night interview with Vlad from The Stakeborg Talks, Real Vision CEO Raoul Pal stated his belief that cryptocurrencies will experience a major increase in value during the first quarter of 2022.
During the interview, he also stated that recent crypto volatility was due to corporate institutions taking profits for the year. Concerning this factor, Pal stated, “It looks like they’re done because the market has been chopping around for the past week, which was the traditional last week of everybody squaring their books.”
Although Raoul still expects further sales of Bitcoin from the Asian markets. He still believes that cryptocurrencies will enjoy a strong start to the year 2022. In his opinion, this is due to a better understanding of crypto markets and investment opportunities within the crypto space.
Noelle Acheson, an analyst at Genesis Trading, backed up Pals view on the future growth of crypto assets in an interview with CNBC’s Squawk Box . in her opinion, she believes that cryptocurrencies, in general, have experienced significant growth within the past 12 months. As a result of increasing adoption, she expects more increases in the crypto market in 2022.
Crypto Exchange FTX Is Offering $1M To Banks Who Accept Stablecoins
In a statement issued on December 28, crypto exchange FTX stated their intention to partner with banks willing to accept stablecoins as a form of payment. In the statement, FTX further stated a desire to offer $1 million as a reward to banks looking to accept their offer.
FTX believes banks will soon permit users to instantly deposit and withdraw funds using stablecoins and at near-zero cost. As a result, they are looking for partners within the banking sector to achieve this goal. Concerning this announcement, the official Twitter handle of FTX tweeted:
Metaverse Platform Ready Player Me Prepares For Expansion After Raising $13M In Series A Funding
Ready Player Me has raised approximately $13 million from a series A funding round to expand its metaverse platform. This round of funding was led by Taavet+Sten, co-founder of Wise and Teleport and Tom Preston-Werner, co-founder of GitHub. Other partners include Gmoney, Samsung Next, and Konvoy Ventures.
Among other things, this platform aims to develop interoperability for avatars between different metaverse worlds. Additionally, Ready Player Me intends to increase its workforce and develop new application program interfaces for supporting its community of developers. Currently, this metaverse platform is being used by over 1000 organisations and companies. Some of these companies include Verizon and Somnium Space.
Trending Crypto Asset
Mana: This digital asset is the native token for Decentraland. Due to the nature of its application on Decentraland, this token is expected to increase the value within a short period.