Polygon (MATIC) rose 10% in the last 24 hours, driven by the agreement between the blockchain network and the project accelerator managed by The Walt Disney Company. This and more news in this handy daily summary so that you are always informed with the most recent events that occur within the crypto world.
MATIC appreciates 10% in one day
📍The price of MATIC, the native token of Polygon Network, has risen 10% in the last 24 hours. Polygon's deal with the Accelerator Program, run by The Walt Disney Company, has pushed up MATIC's price significantly in the market.
At the time of this writing, the network token Polygon Network quoted on the $0,70 per unit, showing a 10,4% growth in its price in the last 24 hours, according to data from the CoinMarketCap platform.
Source: CoinMarketCap
Cryptocurrencies are increasingly popular in Saudi Arabia
📍14% of Saudis have invested in cryptocurrencies in the last 6 months. The results of the Into The Cryptoverse study, conducted by the Kucoin platform, revealed that 14% of the Saudi population, about 3 million people, have traded or invested in cryptocurrencies this year.
The study notes that cryptoassets are increasingly popular among the country's adult population, aged between 18 and 60.
In addition, 17% of the Saudi population indicated that they are interested in cryptocurrencies, so it is possible that they will make some type of investment or transaction with these digital assets in the coming months.
Cristóbal Toral joins the NFT world
📍Spanish painter Cristóbal Toral has created a collection of NFTs. At 82 years old, the well-known Spanish painter Cristóbal Toral has launched his first collection of NFT tokens, inspired by suitcases, which represent the traveling nature of the human being, according to the newspaper The country.
Toral’s crypto collection, called “Suitcases in Space,” consists of 3 comic-style digital artworks, created as NFT tokens.
Shark Tank star predicts more volatility in crypto
📍Investor expert Kevin O'Leary expects further volatility in the crypto market before a recovery. Kevin O'Leary, nicknamed "Mr. Wonderful" and star of Shark Tank, has said that cryptocurrencies will see even more volatility.
In an interview with Cointelegraph, O'Leary said that cryptocurrencies have not yet seen a true "panic event," so the Bitcoin price has not yet bottomed. While this will not be positive for everyone, a further drop in crypto asset prices will create new buying opportunities.
Last June, O'Leary had told CoinDesk that he expects a panic event to occur in the crypto market, which will drive several weak projects to zero. However, this will allow the market to "clean up", helping it to get out of its lows and recover in the medium and long term.
Tencent to suspend its NFT marketplace
📍Chinese tech giant Tencent is suspending NFT sales due to Chinese regulation. Cryptocurrency blogger Colin Wu reported that the technology company will close its marketplace platform NFT due to the strict regulation that the Chinese government maintains on this type of digital assets.
Wu said the Chinese government does not allow users to conduct private transactions after purchasing an NFT, which has affected the performance of Tencent's NFT platform.
Although NFTs are not banned in China like cryptocurrencies are, most companies that trade these digital assets have imposed strict controls on their platforms to prevent speculation and undermine state regulations.
To acquire an NFT through Tencent’s marketplace, investors had to pass a strict KYC check. They were also not allowed to sell or trade these assets for a minimum of one year.
Continue reading: 7 million users will be able to pay with ADA worldwide
IMPORTANT: The content of this article is for informational purposes only and, in no case, what is written here should be taken as investment advice or recommendations. Bit2Me News reminds you that before making any investment you should educate yourself and know where you invest your money, as well as the pros and cons of the system. We separate ourselves from the actions and consequences that ignorance may entail. If you decide to invest in this or another asset class, you are solely responsible for the consequences that your decisions and actions may have.
Subtitle: Daily summary of news from the crypto world, so that you are always informed with the latest news
