BITCOIN

Real estate sales in the metaverse are expected to reach a billion dollars this year, according to a metaverse analytics firm. The company expects real estate sales on four major metaverse platforms, which surpassed $501 million last year, to double this year. $1 Billion Metaverse Real Estate Sales Expected This Year Real estate sales on metaverse platforms surpassed half a million dollars last year, according to metaverse analytics firm Metametric Solutions. The company added that real estate sales on four major metaverse platforms — Sandbox, Decentraland, Cryptovoxels, and Somnium — reached $501 million in 2021. The four platforms have a total of 268,645 parcels of varying sizes on them. The analytics company has projected that real estate sales in the metaverse could double this year, reaching nearly $1 billion in 2022. The metaverse real estate market is expected to grow at a compound annual rate of 31% from 2022 to 2028, according to a report from Brandessence Market Researc...

U.S. Senator Pat Toomey says that crypto assets are here to stay and “a thoroughly diversified portfolio should have some.” The lawmaker added that he has a “very simple” investing strategy — diversify. US Lawmaker Says Crypto Is Here to Stay U.S. Senator Pat Toomey talked about cryptocurrency on CNBC Wednesday. The senator was asked whether he was actively trading cryptocurrency. While admitting that crypto assets are part of his diversified investment portfolio, he clarified that “Actively trading would be a huge exaggeration.” The senator from Pennsylvania explained: Ever since I could accumulate any savings, I had a very simple strategy — diversify. He described that he is taking this strategy because he has been “doing other things rather than evaluating companies and picking stocks.” Senator Toomey opined: It seems to me that crypto assets are here to stay and a thoroughly diversified portfolio should have some. In June last year, Toomey disclosed that he had invest...

The Federal Reserve Bank of Boston and the Massachusetts Institute of Technology (MIT) have jointly published the initial findings of their central bank digital currency (CBDC) research. They also published the open-source code for the CBDC project. Boston Fed and MIT Publish Initial Findings of Their CBDC Research The Federal Reserve Bank of Boston and the Digital Currency Initiative at the Massachusetts Institute of Technology (MIT) released the initial findings of their central bank digital currency (CBDC) research on Thursday. This research is separate from the digital dollar research conducted by the Federal Reserve Board. The Federal Reserve also recently published its long-awaited CBDC report. The collaboration between the Boston Fed and MIT, known as Project Hamilton, “focuses on technological experimentation and does not aim to create a usable CBDC for the United States,” they explained. The initiative was announced in 2020. Boston Fed Executive Vice President and Interi...