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Elon Musk’s tweet today that Tesla would begin accepting Dogecoin as a payment method for its merchandise has generated excitement among proponents and pumped the cryptocurrency’s price by 24% to $0.20, flipping Terra and Polkadot to become 9th largest cryptocurrency. “Tesla will make some merch buyable with Doge & see how it goes.”   The cryptocurrency is now 5,859% up over the past year, specifically helped by tweets and support by the billionaire. Musk has also said that he would support more established use cases. However, the highest price attainment for Dogecoin happened in May when it reached $0.68 and it has not been easy to defend that. In fact since then, like most cryptocurrencies, Dogecoin has been on a downward trend losing 70% of its value. However, Dogecoin’s losses have been multiplying since mid-last month and Musk’s support comes in handy to save it. DOGEUSD Chart By TradingView Musk did not specify what merchandise will be included in the testi...

Non Fungible Tokens are still the most popular crypto subsector right now with over $10 billion sold in the last quarter, but unfortunately, only a few insider hands who are whitelisted to access the markets first are reaping most of the benefits from such sales. Chainalysis has released a report showing that people who are whitelisted have a huge advantage over others, most of the time reselling their NFTs by as much as 75.7% in profit after buying them at significantly low prices due to such whitelisting. In comparison, other users get a gain of just 20.8%. Whitelisting is common practice on NFT marketplaces whenever NFT building events are announced or when new collections are coming to the market. According to the study, it is nearly impossible for a user to get any excessive returns on minting purchases without a trader being whitelisted. “A very small group of highly sophisticated investors derive most of their profits from collecting NFT,” the study said. “This is especially...

· Financial sector regulators such as RBI and SEBI want strict regulations for crypto trade · Industry stakeholders demand a regulatory environment devoid of strict restrictions. · A parliamentary panel had said a few weeks ago that crypto should be regulated, not banned The Indian government seems to be caught in a dilemma over the cryptocurrency bill — Cryptocurrency and Regulation of Official Digital Currency Bill, 2021 — that’s keenly awaited to be introduced in the current session of parliament. As per reports, Indian Prime Minister Narendra Modi has held consultations with senior government officials and crypto industry representatives on December 9 and 10 over the proposed bill. These reports suggest that there is a sharp division of opinions between the financial sector regulators and industry stakeholders. Regulators such as RBI and SEBI are firm in their opinion that crypto should not be allowed unless it’s subject to regulations. In contrast, while crypto industry re...

Short video app, Chingari , has announced that the Initial DEX Offering (IDO) for its $GARI token will be launched on SolRazr , the first decentralized developer platform ecosystem for Solana. Starting tomorrow, December 15, the $GARI token, India’s first social media token, will be listed exclusively on SolRazr until December 18. Chingari recently launched the $GARI token at a public event hosted by Bollywood legend Salman Khan.  Founded in November 2018, the Bengaluru-based Chingari app has emerged as a prominent competitor of Instagram Reels, Moj, MX TakaTak, Sharechat, and other similar apps. Since the platform’s redesign in 2020, Chingari has successfully filled the vacuum created by TikTok’s ban in India. Currently, it is the second most-used social media platform in India, following just short of Instagram Reels. The much anticipated $GARI IDO follows a string of successful events, including the $GARI token live sale on the Republic platform last month. In this event, C...

Elon Musk says Tesla will try out accepting Dogecoin (DOGE) for its merchandise. The announcement has made the price of DOGE shoot up by around 20% in the last hour.  Dogecoin seems to have been in Tesla’s plans for some time now.  Elon Musk has once again sent a jolt through the cryptocurrency market. The billionaire announced that Tesla will accept Dogecoin as a medium of payment for its merchandise on an experimental basis. Tesla will make some merch buyable with Doge & see how it goes — Elon Musk (@elonmusk) December 14, 2021 The news seems to be just the kind of boost the price of DOGE, which has been sluggish recently, has needed. In the past hour since his tweet, the price of DOGE has surged around 20%. DOGE is now trading at $0.19, posting a 15.7% increase in the last 24 hours, and seems poised to go even higher on the day. The joke coin is however still around 11.4% down in the 14 days time frame.  The new announcement from the world’s richest...

Facebook CEO Mark Zuckerberg recently announced the platform’s rebranding to Meta. Since then, there’s a new logo in place, and it has already been highlighted across all other Facebook-owned apps like Instagram and Whatsapp. Meanwhile, internal document leaks have already placed Facebook in the crosshairs of an enormous crisis over the last few months. Amidst increasing criticism about its policies on managing impactful and complex topics and growing accusations from employees about its profit-driven ideology, Facebook’s rebranding is to an extent designed to help the company shed its past misdeeds and rebuild a positive reputation. During the video launch of the rebranding, CEO Mark Zuckerberg presented the “Metaverse”, which is dubbed to be the “next-generation of immersive internet.” This means that Meta will be closely tied with Virtual Reality (VR), Augmented Reality, and Artificial Intelligence to bring forth a new level of interaction between tech and humans in the future. ...

The latest groundbreaking trend in the blockchain and NFT space is gaming. As the year comes to an end, a lot of people are looking at ways to enjoy and have fun-filled holidays and NFT games have been the way out. One of such comic, amusing and rewarding NFT games is the Drunk Robots . Drunk Robots is a Play-to-earn NFT game on the Binance Smart Chain (BSC). This is a game that allows participants to earn money in the form of in-game crypto-tokens called Metal ($MTL). Drunk Robot gameplay offers its players the opportunity to play individually or to establish a gang of robots to rule a part of the metaverse, the stronger a player’s gang, the better their chances at winning and surviving. The game is a simulation of an insane robot community in an abandoned city called Los Machines. The main mission of the game is for the Drunk Robots to survive and seize the city that has been overrun by the drunk junky robots who are only interested in  METAL beer and violence. Players in th...