Technology

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.

With so many games releasing on a near-daily basis on mobile, PC and consoles, standing out from the crowd is challenging. This is why partnering with influencers is becoming the next key marketing strategy.

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.

Chinese tech giant Tencent Holdings Ltd. (HKG: 0700) recently announced that it would acquire the Sumo Group (AIM: SUMO), a British video game firm, for a £919 million (US$1.27 billion). Following the news of the prospective acquisition, shares of Sumo jumped over 40%.

Social media is at the most volatile point in its history. Nations and organizations are increasingly enforcing their own rules onto their social media users, whilst the platforms themselves are remaining tight-lipped about how they plan to deal with an increasingly regulated online sphere.