Cryptocurrency

The Bored Ape Yacht Club is one of the most significant NFT projects in the space that has reached over $1 billion in sales volumes. It is essentially a series of 10000 funky, unique bored ape characters in the form of NFTs minted on the Ethereum blockchain.

For the uninitiated, the Ethereum Name Service is the web 3.0 version of the internet. Built on the Ethereum blockchain, it is a lookup system that links the information to the name. Essentially it has the same purpose as the Domain Name System (DNS).

Non-fungible Tokens (NFTs) recorded a trading volume of $10.67 billion in the third quarter of 2021. The majority of this growth came in August, showing $5.2 billion in trading volume followed by $4 billion in September.

Cryptocurrency regulations are still unclear in many countries. However, it must be noted that countries across the globe are embracing blockchain and crypto technology.

Bitcoin (BTC) is on a bull run after it regained the $50,000 mark on October 6, 2021. As of writing this, Bitcoin is trading above $60,000, according to CoinMarketCap. If this trend continues, BTC is expected to hit $100,000 in the next few months.

Ethereum reached a record US$4,350 before falling to under US$2,000, however, recently has been trading above US$4,000, closing on October 29, 2021 above US$4,400.

Celsius Network, a UK-based cryptocurrency lender, has been under U.S. regulators' scrutiny in states like Alabama, Texas, Kentucky, and New Jersey for its high interest-bearing accounts. Despite this legislative resistance, Caisse de dépôt et placement du Québec (CDPQ) and WestCap have invested $400 million in Celsius Network.

A new trend showing small companies investing in mining equipment provides an optimistic future for Bitcoin and other cryptocurrencies.

Voyager Digital, a publicly traded cryptocurrency platform based in the U.S., announced the acquisition of Coinify, a cryptocurrency payment platform with users in over 150 countries, for $15 million in cash and 5.1 million shares of Voyager Digital.

In December, the value of Bitcoin rose to the highest it has been and has increased by almost 250% since January. Bitcoin has experienced some lows, with some uncertainty around whether it is here to stay or not. However, due to the high liquidity in global markets, Bitcoin has also …