|All Time High:|
|Market Cap: |
|The price of #REAL today is $1.52 USD.|
The lowest REAL price for this period was $0, the highest was $1.52, and the exact current price of one REAL crypto coin is $1.51890.
The all-time high REAL coin price was $4.30.
Use our custom price calculator to see the hypothetical price of REAL with market cap of ETH or other crypto coins.
|The code for REAL crypto currency is also #REAL. |
REAL is 5 years old.
|The current market capitalization for REAL is not available at this time.|
REAL is ranking upwards to #7345 out of all coins, by market cap (and other factors).
|There is an unknown daily trading volume on #REAL.|
|The circulating supply of REAL is 12,552,510 coins, which is 64% of the maximum coin supply.|
A highlight of REAL is it's limited supply of coins, as this tends to support higher prices due to supply and demand in the market.
|REAL has very limited pairings with other cryptocurrencies, but has at least 1 pairing and is listed on probably at least one crypto exchanges but we don't have this data.|
View #REAL trading pairs and crypto exchanges that currently support #REAL purchase.
|Note that there are multiple coins that share the code #REAL, and you can view them on our REAL disambiguation page.|
More REAL (#REAL) News
|How Crypto is Evolving Luxury Real Estate in the USA
What if buying a piece of real estate wasn’t a complex and time-intensive process? Dealing in real estate typically involves interacting with an intermediary, swimming through paperwork, and paying steep fees and commissions.
Even with the latest advancements in technology, many jurisdictions still require real estate buyers and sellers to show up in person to execute their documents. Most often, this is due to notaries being required to see people physically sign documents, and while some notaries can do this task virtually, not all have the same capabilities.
Now, with the help of cryptocurrency (specifically NFTs and smart contracts), the trajectory of real estate transactions is rapidly changing. We’re talking about taking out the middleman and obtaining and transferring ownership with ease. Sales can even be made through sites similar to eBay, but with a new level of added security.
In this writing, we will be specifically focusing on crypto's effect on the luxury real estate market. But first, let’s start with the basics—how NFTs and smart contracts work.
What is an NFT? NFTs, short for non-fungible tokens, are cryptographic tokens that can come in the form of many things (e.g., music, drawings, videos). Each NFT is 100% unique and cannot be replicated or replaced. Many times, NFTs represent digital ownership of something, such as a piece of digital art. In other instances, they can be representative of a physical item, such as real estate ...
|Is the Rise of Digital Real Estate Worth the Hype? Insights into 3 of th...
Picture this! It's the mid-1980s. The internet, which was going to connect everyone around the world and revolutionize how they communicated, had just started, and everyone wanted a part of it.
Fast forward to the early-mid 2000s, Facebook, Twitter, Flickr, and Tumblr had just arrived on the scene, and social media was born.
Today, the Metaverse is the new kid on the block, and it just seems like people can't stop talking about how it is redefining the digital real estate landscape and how it will change how we interact with the internet, and each other, forever.
But wait, 'Metaverse,' 'Digital Estate', what do those mean, and more importantly, what's the hype all about?
What Is Digital Real Estate, and How Does It Relate to the Metaverse? Digital real estate is, simply put, property that exists on the internet. Traditionally, this used to be in the form of websites, social media accounts, or even email lists.
However, today, digital real estate includes virtual spaces and assets in the Metaverse which you can own, lease, or develop, just like in the physical world.
The Metaverse is a term used to describe the virtual world where people can interact with each other and with digital content in an immersive experience.
This virtual world can take many forms, but it typically includes some combination of 3D avatars, virtual spaces, and other virtual assets such as in-world tokens.
So, from having meetings with employees in a virtual office to selling digital art or fashion in a ...
|TA: Bitcoin Price Breakdown Looks Real, Why BTC Could Dive To $18K
Bitcoin broke the key $19,500 support against the US Dollar. BTC is showing bearish signs and remains at a risk of a move towards the $18,000 level.
Bitcoin failed to start a fresh increase and declined below the $19,500 support. The price is now trading below the $19,000 level and the 100 hourly simple moving average. There is a connecting bearish trend line forming with resistance near $19,420 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could correct higher, but upsides might be limited above $19,500. Bitcoin Price Takes A Hit
Bitcoin price failed to gain pace for a move above the $20,500 and $20,550 resistance levels. There were many failed attempts, sparking a downside reaction below the key $19,500 support zone.
There was a sharp decline below the $19,500 support and the 100 hourly simple moving average. The price declined below the $19,200 and $19,000 levels. A low is formed near $18,670 and the price is now consolidating losses.
It is now trading below the $19,000 level and the 100 hourly simple moving average. On the upside, an immediate resistance is near the $19,000 level. It is near the 23.6% Fib retracement level of the recent decline from the $20,171 swing high to $18,670 low.
The next major resistance sits near the $19,400 level. There is also a connecting bearish trend line forming with resistance near $19,420 on the hourly chart of the BTC/USD pair.
Source: BTCUSD on TradingView.com
The trend line is near the 50% Fib retracement...
|Luxury Life For Crypto – Puerto Rico Opens the Door to Bitcoin Rea...
An avid Bitcoin enthusiast and property entrepreneur is selling his beautiful luxury 2-story property in the “Hidden Valley” of Guaynabo, Puerto Rico. The property is situated amidst a picturesque landscape with the convenience of the center of San Juan metro within several minutes drive.
This eye-catching property is located in an idyllic valley, home to the estates and villas of local and international celebrities. An added benefit of the magnificent architecture is the lavish lifestyle and tax benefits that come with the country’s legislation.
The sprawling 2-story, 5-bedroom, 7-bathroom, 9,014 sq ft mansion rests on a plot just under 1-acre plot in size. The first floor hosts the atrium with a 180-degree mezzanine balcony above. The atrium emphasizes space with an open-plan room at 59ft in length.
Located westward of the atrium is an elongated dining area large enough to entertain a dozen guests comfortably. Adjacent to the dining area is a kitchen bordering two fully equipped guests that lead to a beautiful 50ft pool terrace. The 20ft pool is accompanied by sun loungers and an elegant stone staircase that grants pool-goers access to the main garden.
The east side of the first floor features the first ensuite bedroom, an additional bathroom, a fully equipped office, and a 60x18ft games room, complete with a bar, foosball table, pool table, and a state-of-the-art golf simulator.
An oak staircase leads from the atrium to the second-floor b...
|New Report Says Bitcoin Daily Trading Volumes Are Fake, So What's The Re...
Bitcoin trading volumes have always surpassed expectations in the past. Last week, celebrations filled the community as the digital asset had reportedly seen more than $1 trillion transacted on the network so far. However, a new report claims that the trading volumes reported by exchanges may be inflated. The main number, they predict, to be much lower than what is being reported, especially on a daily basis.
Reported Bitcoin Volume Fake
A new analysis report from Forbes has come back with the conclusion that more than half of bitcoin’s daily reported volumes are fake. The report focuses on the reported volumes from across 157 crypto exchanges and found that the numbers from self-reported sources had greatly inflated the volume of bitcoin being transacted.
These exchanges usually report bitcoin daily volume according to their internal processes, which ends up being different across exchanges. An example given in the report was between CoinMarketCap and CoinGecko. While the latter had reported a BTC daily volume of $32 billion, the latter had reported $27 billion in trading volume for the same time period. Others, such as Nomics, had put the volume at $57 billion, and Messari had reported a volume of $5 billion.
BTC recovers above $20,000 | Source: BTCUSD on TradingView.com
This discrepancy is also seen across other analytics platforms. As of today, Glassnode reports that the total bitcoin net flows for last week was $7.8 billion. Taking a look at data from IntoTheBloc...
|Robert Kiyosaki Says Real Estate, Stocks, Gold, Silver, Bitcoin Markets ...
The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, has warned that all markets are crashing, specifically naming real estate, stocks, gold, silver, and bitcoin. Referencing his earlier prediction of a bigger crash than during the 2008 financial crisis, Kiyosaki said: 'That crash is here. Millions will be wiped out.'Robert Kiyosaki Predicts Market Crashes
The author of Rich Dad Poor Dad, Robert Kiyosaki, is back with dire warnings about market crashes. Rich Dad Poor Dad is a 1997 book co-authored by Kiyosaki and Sharon Lechter. It has been on the New York Times Best Seller List for over six years. More than 32 million copies of the book have been sold in over 51 languages across more than 109 countries.
Kiyosaki described in a tweet Friday that every market is crashing and the middle class will be wiped out by 'higher oil inflation.' He wrote:
All markets crashing: real estate, stocks, gold, silver, bitcoin. Middle class wiped out by higher oil inflation.
On Sunday, he followed up with a tweet referencing a book he published in October 2013 titled 'Rich Dad's Prophecy: Why the Biggest Stock Market Crash in History Is Still Coming … And How You Can Prepare Yourself and Profit From It!'
He detailed that 2008 was a great time to get rich since everything 'went on sale.' Noting his prediction of a bigger crash outlined in his book, the renowned author wrote: 'That crash is here. Millions will be wiped out.'
Kiyosaki urged his 2 million Twitter f...
|China's Yuan Continues to Depreciate Against Greenback, Real Estate Cris...
China's sovereign currency, the yuan, has slid significantly in value during the last few months as it has shed 8% against the U.S. dollar during the first half of 2022. China's fiat currency is currently the weakest it has been against the U.S. dollar in roughly two years. Amid the depreciating yuan, China is suffering from a significant real estate crisis as the overextended Chinese housing sector has been collapsing.China's Yuan Slides to a 2-Year Low Against the US Dollar, PBOC Slashes Rates to Bolster Liquidity
The global economy is not looking great these days and cracks are starting to show in nearly every single country worldwide. This week while the U.S. dollar and Russian ruble remain robust, the Chinese yuan has been weak against the greenback and more so than it has been in two years. At the time of writing, the yuan is trading for 6.86 to the dollar, or levels not recorded since August 2020. Of course, the country's central bank, the People's Bank of China (PBOC), has tried to bolster the yuan and the Chinese economy.
Less than a week ago today, the PBOC lowered the country's benchmark bank rate from 2.1% to 2%. Additionally, the PBOC slashed the one-year lending facility rate from 2.85% to 2.75%. At the time, the Chinese central bank explained the moves were made to 'maintain reasonable and sufficient liquidity in the banking system.' China's cabinet also published a new spending policy package, which aims to double infrastructure spending. The PBOC's 2.1% to 2...
|Soccer Clubs FC Barcelona and Real Madrid File Joint Trademark Applicati...
Two of the biggest soccer clubs in Spain, Real Madrid and FC Barcelona, have applied to receive trademarks for some elements in the metaverse. The clubs have introduced an application that encompasses different activities and services that they can conduct in the metaverse, including a cryptocurrency wallet and the possibility of selling virtual merchandise.
Real Madrid and FC Barcelona Interested in the Metaverse
Sports teams are now moving their activities to the metaverse, in order to create new profit sources and also to improve feedback and their relationship with fans. Recently, two of the biggest soccer clubs in Spain, Real Madrid and FC Barcelona, have filed a joint trademark application to offer several services in the metaverse.
Trademark Attorney Michael Kondoudis first reported about the trademark application on social media, reporting that it was filed on August 5. The trademark filing indicates that the two clubs may be interested in offering their own cryptocurrency wallets. The application also hints at a possible metaverse gaming software, as it makes reference to 'virtual reality software.'
The filing also makes reference to virtual apparel, such as clothing, footwear, and headgear.
The crypto environment and the metaverse is not new to either of these two teams which introduced the trademark applications. Both have been involved in crypto and NFT endeavors before. Real Madrid partnered with Sorare, an NF...
|UAE Now Requires Agents to Report Real Estate Transactions Where Virtual...
The United Arab Emirates (UAE) has said it now requires real estate agents, brokers, and law firms to report to the Financial Intelligence Unit real estate transactions in which virtual currency is used as payment. Similarly, real estate purchases or sales where 'the funds used in the transaction are derived from a virtual asset' must also be reported. Identification Documents of Parties to the Transaction Must Be Recorded
The United Arab Emirates (UAE) government has said it is introducing new reporting requirements for real estate transactions wherein virtual currency is used as a payment method. With the introduction of these new reporting requirements, the UAE is showcasing its 'sustainable and evolving approach to the global fight against money laundering and terrorist financing.'
As per a report published by WAM, the decision to alter reporting requirements followed several meetings and discussions which were held by the UAE's Ministries of Economy, Justice, and the Financial Intelligence Unit (FIU). The discussions were centered on how real estate agents, brokers, and law firms should file reports of property purchases or sales to the FIU.
As part of the new reporting requirements, real estate agents must report all cash transactions where 'single or multiple cash payment(s) [are] equal to or above AED 55,000 [$14,974]' to the FIU. Where digital currency is concerned, agents and brokers are required to report to the FIU when payments include the use of a virtual asset....
|Soccer Giants Barcelona and Real Madrid Team Up on a Metaverse Trademark
The two most successful soccer teams in Spain - FC Barcelona and Real Madrid - filed for a joint Metaverse trademark application. The clubs plan to provide their fans with products like virtual reality gaming and cryptocurrency transaction management software.
The Spanish colossuses are not the only ones to make such a move in the soccer world. In June, the English Crystal Palace requested to launch non-fungible tokens (NFTs), virtual clothing, and crypto marketplaces.
The Enemies Shook Hands
Despite being fierce rivals on the soccer pitch, FC Barcelona and Real Madrid decided to make a mutual jump into the world of crypto. The clubs filed for a Metaverse trademark application nearly a week ago, but the news was confirmed recently by attorney Mike Kondoudis.
Some of the offerings they seek to provide include virtual reality, cryptographic software for managing cryptocurrency transactions, and downloadable software for using as an e-wallet.
Football powerhouses REAL MADRID and BARCELONA have filed a joint trademark application covering:
Virtual reality gaming
Virtual clothing, footwear, headgear
Cryptocurrency transaction management software
...and more!#FCBarcelona #RealMadrid #Metaverse #Web3 #Crypto pic.twitter.com/OpqcE9Xf3j
— Mike Kondoudis (@KondoudisLaw) August 11, 2022
The joint endeavor could be considered a surprise since the teams represent totally different values. FC Barcelona is a symbol of the Catalan region, while Real Madrid is linked to the royal ...
|TA: Bitcoin Price Surges 6%, Why Recent Breakout Looks Real
Bitcoin price found support above $22,500 and surged over 6% against the US Dollar. BTC broke many hurdles and might rise further towards the $25,000 resistance.
Bitcoin started a fresh increase after it found strong bids above $22,500. The price is now trading above the $23,500 level and the 100 hourly simple moving average. There was a break above a key bearish trend line with resistance near $23,350 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is forming a bullish breakout pattern and might rise towards $25,000. Bitcoin Price Breaks Resistance
Bitcoin price remained well supported above the $22,500 zone. BTC formed a double bottom pattern near the $22,500 level and started a strong increase.
There was a move above the $23,000 and $23,500 resistance levels. The price even surged above the $24,000 resistance. There was a break above a key bearish trend line with resistance near $23,350 on the hourly chart of the BTC/USD pair.
Bitcoin price even broke the $24,200 resistance and traded as high as $24,488. It is now consolidating gains above the $24,200 support zone. It is also well above the 23.6% Fib retracement level of the upward move from the $22,685 swing low to $24,488 high.
Source: BTCUSD on TradingView.com
On the upside, an immediate resistance is near the $24,450 level. The next key resistance is near the $24,500 zone. A close above the $24,500 resistance zone could start another increase. In the stated case, the price may perhaps rise t...
|TA: Ethereum Breakdown Looks like the Real Deal, $1K Is The Key
Ethereum gained pace and traded below $1,150 against the US Dollar. ETH could decline heavily if there is a close below $1,000.
Ethereum started a fresh decline below the $1,200 and $1,150 levels. The price is now trading below $1,150 and the 100 hourly simple moving average. There is a key bearish trend line forming with resistance near $1,145 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to decline if there is a close below the $1,085 level. Ethereum Price Drops Further
Ethereum failed to stay above the $1,200 level and moved into a bearish zone. ETH followed a bearish path and declined below the $1,150 support zone.
There was a clear move below the 61.8% Fib retracement level of the last key increase from the $1,076 swing low to $1,275 swing high. The price is now trading below $1,150 and the 100 hourly simple moving average.
It is also trading below the 76.4% Fib retracement level of the last key increase from the $1,076 swing low to $1,275 swing high. However, there is a key support near the $1,085 level. If ether price stays above $1,085, it could correct higher.
An immediate resistance on the upside is near the $1,130 level. The next major resistance is near the $1,150 zone. Besides, there is a key bearish trend line forming with resistance near $1,145 on the hourly chart of ETH/USD.
Source: ETHUSD on TradingView.com
The next key barrier is near the $1,200 level, above which the price could gain strength. In the stated case, the price...
|CoinEx Institution?From NFT to NFT-fi: Real Demands or False Proposition...
It has been more than a year since the NFT boom in 2021. According to NFTGO, the market cap of NFTs peaked at $36.8 billion in March 2022. As the market later cooled, the trading volume and market cap of NFTs started to shrink. This crypto novelty expanded its influence beyond the crypto community and fostered a huge market, which also gave rise to the combination of NFTs and DeFi. The market has witnessed the appearance of NFT lending platforms, NFT aggregators, and NFT derivatives markets, which constitutes the second debut of DeFi Lego enabled by NFTs. However, one wonders whether these products were built to meet real market demands and if they have created a false proposition that lacks any value for market participation. Today, we will dive into whether NFT-fi is a feasible trend and if it will earn market recognition.
Figure 1: Market Cap & Volume of NFTs | Source: nftgo.com | As of June 1, 2022
There are many NFT liquidity solutions and NFT structured products in today’s market:
1. NFT fragmentation: FT tokens (such as ERC20 tokens) that are issued by dividing the ownership of valuable NFTs. NFT fragmentation projects include Fractional.art, NFTX, etc.
2. NFT lending markets: Holders can borrow short-term loans by collateralizing their NFTs without selling them. Prominent NFT lending markets include BendDAO, NFTfi, and Drops DAO.
3. NFT leasing: Holders earn rents by leasing NFTs to users in need. NFT leasing projects include Double, reNFT, etc.
|Russia to Trial Digital Ruble Settlements for Real Estate Deals
The Central Bank of Russia and participating commercial banks want to test various types of payments with the digital ruble, the Russian press reported. The plan is to experiment with smart contracts and transactions related to real estate and crypto asset purchases.Bank of Russia to Launch Smart Contracts on Digital Ruble Platform
Russia's central bank intends to start implementing smart contracts with the digital ruble next April, the daily Izvestia unveiled this week, quoting the regulator. Until then, the new incarnation of the national fiat will be put to the test in various scenarios, including automated payments and other transactions between individual users and businesses, like real estate acquisitions.
Bank of Russia finalized the prototype platform of its central bank digital currency (CBDC) in December, 2021. In January of this year, a dozen Russian banks joined the pilot project. At its first stage, participants are issuing digital rubles, setting up wallets for banks and citizens, and making transfers between them. Smart contracts will be presented during the second stage of the pilot.
Smart contracts facilitate the execution of contract terms without involving a third party as a guarantor, Promsvyazbank (PSB) explained. The money is kept in a smart contract wallet on the digital ruble platform and sent to the seller's wallet as soon as the property rights are transferred. Rosbank added that the technology can be employed for targeted financing of a real estate...
|Crypto Valley: Futuristic Virtual Real Estate in the Metaverse
Imagine visiting your favorite travel destination or attending a rock concert from your living room. Or a world where companies can transport customers from anywhere to their virtual stores, delighting them with an immersive buying experience.
All this was pure science fiction some years ago when most people wouldn't consider it possible in reality. But not anymore, thanks to advanced technologies like virtual reality, blockchain, and non-fungible tokens. We now have the metaverse — the enhanced, virtual counterpart of the real, physical world.
Grayscale estimates the metaverse to generate $1 trillion annually, presenting a massive market opportunity for innovators. And although this industry is still emerging, some key components, like virtual real estate, have already materialized.
Virtual Real Estate is No Longer Make-Believe
Buying land in the metaverse is no longer merely a speculative, supply-demand game. There's much utility in virtual real estate nowadays. For example, you can conduct business events besides enjoying widespread access to entertainment and media.
Thus, leading brands like Samsung and JP Morgan are now buying land and setting shop in the metaverse. This boosts their credibility among Web3 communities, expands outreach, and unlocks novel revenue streams.
The metaverse is also a blessing for technology-intensive companies. They can leverage digital land to perform all kinds of simulations and test scenarios at minimal costs.
Buying virtual land coul...
|Ubitquity launches 'Crypto Listing Service' to grow real est...
Ubitquity, an enterprise blockchain-secured platform for real estate and title recordkeeping, today announced that is launching a 'Crypto Listing Service' as part of a UbitquityPay value add-on for home sellers who want to advertise their properties or land to the global cryptocurrency community.
“The Crypto Listing Service will provide a new property listing and search experience while adding an advanced tool for collaboration between homeowners, title companies, and realtors who are working to serve the ever-demanding needs of their clients. With the major volatility of cryptocurrencies as of late, people want to put their cryptocurrency into more stable assets like property, so the timing of this product launch couldn’t be better.'
- Nathan Wosnack, Founder & CEO of Ubitquity
UbitquityPay’s Crypto Listing Service intends to be a definitive source for the most up-to-date listing information for both buyers and sellers who intend to transact in cryptocurrencies.
The Crypto Listing Service gives both parties the ability to accept and pay with over 130+ supported cryptocurrencies on the UbitquityPay platform while offering best-in-class security, and automated KYC/AML (Know-Your-Customer, Anti-Money Laundering) solutions to ensure regulatory compliance.
This new value-added service will provide a collaborative environment with the responsive mobile features and comprehensive property insights homebuyers need to make timely, informed decisions when t...
|DecentWorld Launches Collections of Digital Real Estate NFTs
[PRESS RELEASE - ZUG, Switzerland - June 15, 2022]
Following a roaring kick-off, DecentWorld, a digital real estate metaverse platform is serving another ace - the platform has launched the long-awaited Collections. Through artistically crafted user journeys, members of DecentWorld will now be able to not only collect digital real estate NFT Assets, but also use them as a tool to generate yield.
Up until now, DecentWorld users were able to explore the project's main feature - its geo-based Map, a digital copy of almost every street in the world. Meanwhile, the Collections is a truly unique-to-the-market process that allows the DecentWorld metaverse users to passively generate yield.
Way to Receive Rent-like Rewards
A Collection on DecentWorld is a compilation of specific digital Street NFTs, united by a theme. The first drop includes the Collections for the Top 100 best cities in the world, which have been carefully selected based on the research of real estate pricing, GDP per capita rankings, happiness index, and other important criteria that make a city great to live in. The DecentWorld team also confirmed that Collections will be updated regularly, with more cities to be added each quarter.
DecentWorld’s Collections come in two different types: System Collections, available in four different levels; and Unique Collections which are limited sets with pre-selected Streets that carry the highest value.
Completed and staked Collections generate yield - the higher t...
|3 Easy Ways Users Can Earn Real Money in Web 3.0
It’s only been eight months since Mark Zuckerberg announced the inception of the “metaverse,” a convergence of the physical and digital lives connected by virtual and augmented reality. Yet, the technology is already rapidly expanding, with new platforms constantly emerging into the brand new space.
Within the metaverse, users can live in an alternate reality where they can buy their condos, socialize with others using their avatars, attend business meetings, and even earn an additional income stream. Here are a few of the top ways users can take advantage of the lucrative potential of the metaverse.
Virtual real estate
One of the fascinating new ways users can make money in the metaverse is buying NFT land for a fixed price and building on it or renting/selling it for a profit. Users can also rent the land out to developers so they can create buildings, gaming arenas, concert halls, offices, and other venues. Although virtual real estate can come at a high price, leasing a space can sometimes deliver profits similar to real-life real estate.
NFTs and the metaverse are closely connected since they both use blockchain technology, and the metaverse has given NFTs a new use case. As a result, investors have a tremendous opportunity to profit from trading NFTs, and while it’s a relatively new concept, NFT gaming is now also surging in popularity, with recent initiatives like Binance NFT’s Initial Game Offering (IGO) exceeding $16 million i...
|Digital Real Will Be Used by Banks in Brazil as Collateral to Issue Thei...
The Brazilian central bank digital currency (CBDC), the digital real, will be more of a wholesale asset instead of a public retail-focused token, according to statements from the president of the Central Bank of Brazil, Roberto Campos Neto. Campos Neto indicated that private banks in the country will be able to issue their own stablecoins that will be collateralized with digital real deposits.
Digital Real Will Not Be Retail Oriented
Brazil is planning to issue a CBDC that has a very different design when compared to other CBDCs like the digital renminbi, known also as Digital Currency Electronic Payment. The digital real, the Brazilian CBDC, will have a wholesale purpose, and will not be used for retail purposes. This information was revealed by Roberto Campos Neto, president of the Central Bank of Brazil, at a crypto summit hosted in Rio.
About the projected uses of the digital real, Campos Neto stated:
Banks will be able to issue stablecoins on their deposits and will develop a technology for that, they will have to invest, because they can make gains. And once they have that developed, the protocols for issuing stablecoins on deposits will basically be the same thing as for monetizing various other digital assets.
Furthermore, Campos Neto explained that the digital real will have a very unique focus, with the goal of monetizing assets without harming the credit functions of private banks, using it as collateral.
|NFTs will Improve the Real Estate Industry
With a market value of over $40 billion, the NFT industry is among the fastest-growing sectors in the world. The industry started with digital artists selling standalone pieces of their art, and today it has grown into an industry swarming with thousands of projects that have the potential to transform the world’s major industries.
In a few short years, the NFT market entered a neck-to-neck competition with the global art industry and is on its way to disrupting the gaming, fashion, global supply chain, and metaverse sectors. Even in the realm of finance, financial NFTs are finding creative ways to solve some of the most pressing problems of digital assets.
NFTs are now entering and disrupting the $34 trillion global real estate market. With the ability to represent unique ownership and allow immediate transfers, NFTs in real estate are transforming real estate transactions into an open market for worldwide and instantaneous transactions. In this regard, LiquidEarth, is creating the first-of-its-kind real-estate NFT marketplace and peer-to-peer lending platform.
How NFTs Transform Real-Estate
NFTs are the by-products of blockchain technology, similar to cryptocurrencies, but what makes them unique is their non-fungibility. On Ethereum, NFTs follow the ERC-721 standard and are minted through smart contracts. These smart contracts assign a unique hash code to each NFT that acts as an identifier and cannot be replicated.
NFTs can have only one owner at any given time and t...
|Dubai Property Developer Completes Real Estate Deals Worth $50M via Cryp...
According to an executive with the Dubai-based DAMAC Properties, the real estate development 'company has already succeeded in concluding real estate deals worth $50 million via cryptocurrencies since the beginning of this year.' The executive, however, says his company is facing challenges convincing the older generation decision-makers to buy into the metaverse, non-fungible tokens, and cryptocurrencies. Using a Trusted Intermediary
The Dubai-based real estate developer, DAMAC Properties, has since the beginning of the year completed cryptocurrency deals worth $50 million, the company's chief operating officer (COO) Ali Sajwani has said.
In his remarks during an interview, the COO said by accepting either bitcoin or ethereum as payment, DAMAC has shown the extent to which his company will go in order for it to 'benefit from the most advanced technology solutions.'
When asked about the payment mechanism that was used to conclude the real estate deals, the COO said a trusted intermediary had been chosen to facilitate the transactions. He said:
The payment process is made through a trusted financial intermediary approved by the Abu Dhabi Global Market, the 'Heaven' company, where the customer pays the value of the property in bitcoin or ethereum, as they are among the most traded digital currencies in terms of safety and trust, and then the financial intermediary transfers the amount to our digital wallet in dirhams or dollars.
Sajwani added that his company's use of a trusted...
|Metaverse Real Estate Sells for a Record $5,000,000 Inside TCG World
[PRESS RELEASE - Please Read Disclaimer]
TCG World recently announced an exciting new strategic partnership with Curzio Research Inc who have acquired 19 commercial real estate properties inside TCG World Metaverse for $5,000,000. The acquisition will mark one of the largest real estate purchases to date for virtual property inside the metaverse. Curzio Research plans on building its headquarters in the Asia region of TCG World, near WallStreetBets. This is where Curzio VIP members can meet with other investors, attend live events, educational seminars and conferences, listen to exclusive Wall Street Unplugged podcasts, and build an investment community.
Curzio Research, Inc. is a financial publishing company specializing in independent investment research and analysis. Curzio Research will initiate a capital raise of up to $4,000,000, which will be used to fund a portion of this TCG real estate acquisition and for general corporate purposes. This may include, but not be limited to, capital expenditures, acquisitions, infrastructure and personnel, development of products and services, and legal and accounting expenses.
“The metaverse is what the internet was supposed to be,” says Curzio Research founder, Frank Curzio. “A decentralized, permissionless place where individuals have the freedom to create and own their digital content.
“When researching the options, TCG World had all the elements — gamification, entertainment, social, and commerce &md...
|JPMorgan Sees 'Significant Upside' to Bitcoin — Replac...
JPMorgan sees 'significant upside' to the price of bitcoin. The global investment bank's price target for the cryptocurrency is 28% above its current price. JPMorgan has also replaced real estate with cryptocurrencies as its 'preferred alternative asset class along with hedge funds.'JPMorgan's Bitcoin Price Target Is 28% Above Current Price
Global investment bank JPMorgan published a bullish note on bitcoin and cryptocurrency Wednesday. The bank's strategists, including Nikolaos Panigirtzoglou, wrote that their price target for bitcoin remains at $38,000, 'implying significant upside for digital assets from here.'
At the time of writing, bitcoin is trading at $29,784, down 2.4% over the past seven days and almost 25% over the last 30 days. JPMorgan's fair value estimate for bitcoin is nearly 28% higher than the current price of BTC.
The JPMorgan strategists detailed:
The past month's crypto market correction looks more like capitulation relative to last January/February and going forward we see upside for bitcoin and crypto markets more generally.
While the investment bank's price target for bitcoin is $38K, its strategists have said that their long-term theoretical target price for the cryptocurrency is $150K.
Crypto Becomes JPMorgan's Preferred Alternative Asset Class, Replacing Real Estate
In addition, the global investment bank now sees cryptocurrencies as its 'preferred alternative asset class,' replacing real estate amid soaring mortgage rates.
JPMorgan detailed that th...
|Get Real, Lagarde — The Underlying Asset 'Guaranteeing&rsquo...
With the approaching tsunami of central bank digital currencies (CBDCs) looming ever closer, it shouldn't come as a surprise when central banks shill their coins at the expense of sounder assets. Recently, European Central Bank president Christine Lagarde went so far as to say that cryptocurrency is 'worth nothing.' According to Lagarde, crypto has 'no underlying asset' like the upcoming digital euro. But fiat money's secret source of value is the real explosive scandal.
European Central Bank President Christine Lagarde recently remarked that crypto is 'worth nothing' and needs to be regulated. Nevermind the humor in trying to regulate something worthless, or her failure to understand subjective value, but the once-convicted criminal Christine said something that was very interesting:
[With crypto] there is no underlying asset to act as an anchor of safety.
She was making this observation in comparison to the upcoming digital euro central bank digital currency (CBDC), and claimed that 'any digital euro, I will guarantee - so the central bank will be behind it and I think it's vastly different.'
This begs the question of what guarantees the value of the euro itself, or the U.S. dollar, or any fiat currency. As their worth is supposedly established by the decree of governments (groups of mere individuals just like you and me), what then is the 'underlying asset' which gives these currencies their value? In the case of government money, the answer might...
|Central African Republic's Bitcoin Adoption: The Real Work Must St...
The Central African Republic (CAR)'s surprise bitcoin adoption decision once again shows that the top cryptocurrency can be an alternative to fiat currency. However, the African country still needs to invest heavily in its telecommunications infrastructure. The CAR also needs to prioritize education that helps the population to familiarize itself with cryptocurrency basics.
The CAR's Expensive Internet
There is little doubt Central Africa Republic's decision to designate bitcoin (BTC) as legal tender has surprised many. Few people expected CAR - one of Africa's most impoverished countries and one whose economy has been ravaged by a civil war - to be the first to adopt bitcoin.
For critics still trying to understand why another nation has joined El Salvador in making bitcoin legal tender, the CAR's move is perplexing. To begin with, they cannot understand how a country with such a low internet penetration rate - less than 12% - has chosen the top cryptocurrency as its transacting currency.
The Central Africa Republic's reported infrastructure deficit and the fact that mobile connections are only available to 30% of the population seemingly renders the case for adopting bitcoin less convincing. Also, according to a 2018 ICT Profile of the CAR, the country's then 'uncertain institutional situation' was said to be constraining investment in broadband networks and access to cross-border submarine cables.
As a result of this and many oth...
|SEC Commissioner Expects Tighter Stablecoin Regulation — Yellen Sa...
A commissioner with the U.S. Securities and Exchange Commission (SEC) expects to see stricter regulation on stablecoins. However, Treasury Secretary Janet Yellen says stablecoins are currently 'not a real threat' to the country's financial stability.SEC Commissioner on Stablecoin Regulation
The regulation of stablecoins has been a hot topic this week following the Terra fiasco which saw UST losing its U.S. dollar peg and LUNA plunging to near zero.
A commissioner with the U.S. Securities and Exchange Commission (SEC), Hester Peirce, talked about cryptocurrency regulation Thursday during an event hosted by the London-based Official Monetary and Financial Institutions Forum policy think tank.
Peirce, who is known in the crypto community as 'crypto mom,' indicated that tighter regulations on cryptocurrency, particularly stablecoins, could be coming soon. She was quoted as saying:
One place we might see some movement is around stablecoins … That's an area that has obviously this week gotten a lot of attention.
Lawmakers to Work With Treasury Department on Stablecoin Regulation
U.S. lawmakers have emphasized the urgent need for stablecoin regulation. In her testimony before the Senate Committee on Banking, Housing, and Urban Affairs this week, Treasury Secretary Janet Yellen stressed that it is important and urgent for Congress to pass legislation governing payment stablecoins.
Yellen also testified before the House Financial Services Committee this week, stating that for ...
|Esco Property Group Launches Turnkey Solution for Real Estate Crypto Inv...
[PRESS RELEASE - Tenerife, Spain, 7th May 2022]
After a couple years riddled with tension brought about by the COVID-19 pandemic, the world’s reaction to it, and the struggles of the global economy to get back on track, people are starting to remember what it feels like to be normal again.
The need to find strong investments for your financial well-being and the desire to have a place to ‘get away from it all’ have never been more important than they are right now.
For investors savvy enough to have gotten into the cryptocurrency market, they have remarkable value in their portfolios and are itching to translate it into equitable, tangible long-term investments.
If the above describes your situation we believe there has never been a better time to invest in exotic vacation property such as luxury villas on the Spanish islands of Ibiza, Tenerife, and Palma de Mallorca. The COVID-19 scare has secluded locations in high demand, and Esco Crypto Estate is combining this hot investment property with the hottest financial asset in today’s markets - cryptocurrency.
Esco Property Group accepts Bitcoins as payment for all real estate transactions and are a wire-to-wire, all-inclusive management company, superior to agencies who only handle real estate consulting or provide property listings around the world.
This is not a service where users constantly have to upload another document, make another phone call, and continually feel like they have to do all the wor...
|TA: Bitcoin Price Breakdown Looks Real, Why BTC Could Dive Below $35K
Bitcoin started a strong decline from the $40,000 resistance against the US Dollar. BTC broke the key $37,500 support to move into a bearish zone.
Bitcoin started a strong decline below the $37,500 and $36,500 levels. The price is now trading below $37,500 and the 100 hourly simple moving average. There was a break below a key bullish trend line with support near $39,250 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might accelerate further lower below the $35,000 support zone in the near term. Bitcoin Price Dives 8%
Bitcoin price struggled to clear the $40,000 resistance zone. BTC formed a high near $40,029 and started a fresh decline. There was a major drop below the $38,500 and $38,000 levels.
There was a break below a key bullish trend line with support near $39,250 on the hourly chart of the BTC/USD pair. The pair even declined below the key $37,500 support and settled below the 100 hourly simple moving average.
Finally, it tested the $35,500 zone and traded as low as $35,407. It is now consolidating losses near the $36,200 level. On the upside, bitcoin price is now facing resistance near the $36,500 level.
The 23.6% Fib retracement level of the downward move from the $40,029 swing high to $35,407 low is also near the $36,500 zone. The next key resistance could be near the recent breakdown zone at $37,500, where the bears might take a stand.
Source: BTCUSD on TradingView.com
The 50% Fib retracement level of the downward move from the $40,029...
|Cardano (ADA) Real Volume Suggests Downtrend Is Far From Over
Cardano (ADA) has been one of the worst-hit cryptocurrencies in the market. The digital asset which had seen a high of $3.10 now lives on past glory as it is now trading below the $1 mark. This has been going on for a while which has convinced some investors that the end of this onslaught is coming to an end. However, on-chain metrics suggest that this is far from the case and in fact, the downtrend is not close to ending anytime soon.
On-Chain Metrics Are Bad
One thing that has always gone well for Cardano has been the amount of activity that is recorded on the network. The cryptocurrency which boasts a cult-like following has been one of the best-performing networks in terms of activity and traffic. At some point even rivaling, or surpassing, the leading smart contract network, Ethereum, in terms of volume. However, as the price of the digital asset has declined and investor sentiment has turned negative, its real volume has taken a hit.
ADA real volume on a decline | Source: Messari
Snoop Dogg’s NFT launch on the network had helped to bolster activity on the network but this soon died down. The result of this has been a constant decline in real volume. At the time of this writing, the real volume for the network is now sitting as low as $37 million on a daily basis.
What This Means For Cardano
The price of any cryptocurrency in the space can easily be linked to the network activity of that asset. What this alludes to is that with real volume down, with no signs of p...
|Introducing: The Real Web 3.0
Are we finally on the verge of upgrading our internet infrastructure to its long-awaited next generation, known as Web 3.0? The first version of the Internet consisted of read-only, static websites, whereas Web 2.0 introduced the opportunity to engage with, and create content, enabling activities such as social networking, online banking and shopping. But it has serious flaws around security, privacy, and censorship. On top of that, the dominance of tech giants has only contributed to the further exploitation of users.
Web 3.0 is changing this by defining new standards for the Internet using blockchain technology. And while many “web3” projects are still critically relying on centralized services, such as centralized domains, cloud storage, and browser extensions (deserving to be called Web 2.5 instead), there is one startup, Point Labs, which is pushing for a radical decentralization of all main internet components, finally coming close to fulfilling the complete definition of a real Web 3.0.
What is Point Network? Point Network is a software suite, consisting of blockchain-based peer-to-peer network Point Chain, a locally running node called Point Core, and a decentralized browser called Point Browser, providing all that is needed to enjoy the full Web 3.0 experience. Instead of centralized domains, that can be taken away by ICANN and the U.S. government at any moment, it features decentralized domains, living on the blockchain. Instead of relying on cloud...