El Salvador is down $12 million on its Bitcoin buys

Hello everyone! The global crypto market cap is $2.08 trillion with a 24-hour volume of $66.17 billio

CryptoSlate Newsletter @cryptoslate

Hello everyone! The global crypto market cap is $2.08 trillion with a 24-hour volume of $66.17 billion. The price of Bitcoin is $43,333.37 and the BTC dominance is at 39.5%.

El Salvador is down $12 million on its Bitcoin buys With the ongoing market slump, El Salvador is holding significant losses on its Bitcoin investments. cryptoslate.com

Crypto exchange FTX launches a $2 billion venture capital fund Crypto exchange FTX recently announced the launch of a $2 billion venture capital fund–FTX Ventures. cryptoslate.com

The key drivers behind Fantom's recent price rally At the time of writing, crypto is entering a bear market as Bitcoin, Ether and most Layer-1 altcoins have dipped 20-30% from its all-time-highs. cryptoslate.com

Vitalik Buterin holds Twitter poll on which currency should succeed Ethereum In an unexpected Twitter poll, Vitalik Buterin asked the ETH community which currency they want to dominate in 2035 if it isn't Ethereum. cryptoslate.com

The rise of NEAR Protocol as a project led ecosystem Until now, NEAR Protocol has quietly grown as a scalable, proof-of-stake network. cryptoslate.com

Top 10 Crypto Stories of 2021 | Footprint Analytics Annual Report 2021 In 2021, crypto finally broke away from being just BTC and ETH into a multifaceted industry with dozens of promising chains, tokens, projects and applications.  Some of these projects, especially in GameFi, stopped being tied directly to the price of Bitcoin and began being appreciated as major developments in their own right. cryptoslate.com

China preps infrastructure for state-backed NFTs Crypto's enemy number one, China, is preparing to roll out its own state-backed blockchain infrastructure to support the deployment of NFT-like collectibles, South China Morning Post reported. cryptoslate.com

Vitalik Buterin on why cross-chain bridges will not be a part of the multi-chain future In a much-publicized tweet this past week, Vitalik Buterin voiced his opposition to the use of cross-chain solutions by Ethereum and other blockchains, in favor of a multi-chain future. cryptoslate.com

A Pacific archipelago is going all in on crypto Who would have thought a small nation with approximately 18,000 people would enter the crypto world? cryptoslate.com

UNQ token sale closes with over $11 million in contributions from 7,900 supporters Unique Network, the NFT chain built for Polkadot and Kusama, has raised over $11.2 million from 7,900 supporters in their public sale. cryptoslate.com

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