BlackRock Inc. is planning to create an ETF to give its clients a chance to add companies with metaverse exposure to their portfolios. The company also previously launched an ETF targeting European clients.In order to give its clients the opportunity to include businesses with exposure to the metaverse in their portfolios, BlackRock Inc. plans to develop an ETF. According to Bloomberg, the new ETF hoped to profit from businesses that were focused on the metaverse.The new fund, the iShares Future Metaverse Tech and Communications ETF, is the New York-based investing juggernaut’s most recent ven

NFTs trading volumes fell 97% in September from a record high in January. According to data from analytics firm Dune Analytics, the value of these transactions dropped to $466 million from $17 billion in September from the start of 2022. NFTs’ Interest Is Waning The decline in NFT trading volumes is part of a broader decline in the crypto sector as investors lose confidence in the asset’s potential due to the increasing monetary policy tightening. Due to the rapid pace of monetary policy, investors are cutting off their exposure to speculative assets, contributing to a bigger decline in the cr

If audio NFTs are “up next,” you can count OpenSea and Warner Music Group (WMG) as two parties that are going to be aggressively present on the frontlines. The leading NFT marketplace and record label conglomerate are pairing up, according to a press release that hit the wire on Thursday morning.Let’s review what we could potentially see from the two as we look ahead.OpenSea x WMG: What To ExpectAccording to the press release, the initial steps for OpenSea and WMG’s collaborative efforts will include a tailored section on the OpenSea platform for WMG artists, specialized support from the platf

The global cryptocurrency market cap now stands at $0.94T, up by 0.24% over the last day, according to CoinMarketCap data.Bitcoin (BTC) has been trading between $18,843 and $19,777 over the past 24 hours. As of 04:00 PM (UTC) today, BTC is trading at $19,286, down by -1.08%.Most major cryptocurrencies by market cap are trading mixed. Market outperformers include ERN, DEGO, and HIGH, up by 155%, 31%, and 24%, respectively.Top stories of the day:Russia’s Authorities To Introduce Crypto Mining Law This YearUAE Government Opens Their Virtual Headquarters in the MetaverseAdoption Rate Increased but

Russia’s Ministry of Finance and the Bank of Russia agree on a draft bill to regulate crypto mining in the country. The authorities aim to allow crypto mining in only energy-rich regions with hydroelectric and nuclear power plants. Also, the central bank and finance ministry will ban crypto mining in energy-scarce regions. Russia to Introduce The post Breaking: Russia’s Authorities To Introduce Crypto Mining Law This Year appeared first on CoinGape.

SNEAK PEEKUAE government launches its headquarters in the metaverse.The UAE Ministry of Economy opens its first virtual office equipped with high-end features.The Ministry of Economy is considering it as their third address.UAE has always been the forerunner of technological advancements. With blockchain, crypto, NFTs, and now metaverse, the country is on its journey to becoming the hub of the global metaverse.UAE Minister of Economy Abdulla bin Touq Al Marri made an astonishing announcement during the Metaverse Assembly on September 28, 2022. The UAE Ministry of Economy will be launching its

SNEAK PEEK An NFT, on an average, makes only $285 for each sale as compared to $2,000 it used to make in early January. The total number of wallets with NFTs has grown by 2.8 million. The NFT market is suffering consistently each month with the average weekly trading volume decreasing by 30%. The data from Dune Analytics has concluded that the weekly trading volume of NFTs has fallen to $114.4 million throughout the blockchain domain.  This includes a decline of 98% from January’s $6.2 billion. In the beginning of April, the weekly NFT trading volume increased to $146.3 billion

The volume of trading bitcoins in exchange for pounds had skyrocketed.Fall of the sterling resulted in a sudden hike in the bitcoin’s trading volume.People buy bitcoins in exchange for the euro as there was a decline in its price against the US dollar.The trading volumes between the British pound ( GBPUSD=X) and bitcoins (BTC-USD) had shot up rapidly this week, as the Sterling wobbled on Tuesday, prompting the investors to exchange pounds for bitcoins.According to the data provided by Messari, the leading provider of market intelligence products, the trading volume between GBPUSD and BTC had s

Tech giant Meta said it had opened NFT sharing capabilities for all of its US based Instagram and Facebook users. The post META Opens NFT Sharing For US Facebook, Instagram Users appeared first on CoinGape.

According to Coinglass, over the past 24 hours, total liquidations in the crypto market were $74.14M while 23,721 traders lost their positions. The largest single liquidation order was worth $987.69K.