April 12, 2024
5 min read

CryptoSpend Roundup - Weekly Newsletter (12 April 2024)

George Chen

Welcome to the 11th edition of CryptoSpend Roundup, your trusted newsletter for the latest, up-to-date and insightful crypto news. As the crypto landscape continues to evolve at a rapid pace, our mission is to keep you informed about some of the latest developments, market trends, and opportunities.

Before we get into the news, here are the current market prices for our listed currencies:

With that out of the way, let's get into the news!

Consumer Trust in Cryptocurrencies Rises, Survey Reveals

A recent Deutsche Bank survey indicates a slight increase in consumer trust in cryptocurrencies, particularly Bitcoin, with over half of the respondents believing that crypto will become an important asset class and payment method in the future. Despite this growing confidence, less than a third of participants expect Bitcoin's price to experience a sharp decline by the end of 2024, while only 10% anticipate it surpassing $75,000. Full article.

Ubisoft Unveils Gameplay for Upcoming Blockchain Game 'Champion Tactics Grimoria'

Ubisoft, a leading AAA game developer, showcased the first gameplay trailer for its upcoming blockchain-based game 'Champion Tactics Grimoria' at Paris Blockchain Week. The tactical player-vs-player role-playing game allows players to craft and own blockchain-based figurines with unique features, combining them into teams for turn-based battles. Ubisoft aims to launch this Web3 game by the end of 2024, marking a significant step in the company's foray into blockchain gaming. Full article.

BlackRock's Stablecoin Involvement Could Accelerate US Regulations

The growing involvement of Wall Street firms like BlackRock in the stablecoin market may expedite the development of regulations in the United States. This could potentially lead to the creation of a private alternative to a central bank digital currency (CBDC), as the US government lacks the political will to develop its own digital currency. Full article.

GrtWines Brings Fine Wine Investment to the Blockchain

GrtWines, a new Web3 marketplace, is revolutionizing the fine wine investment market by tokenizing vintage and investment-grade bottles sourced directly from prestigious wineries. By leveraging blockchain technology and smart contracts, the platform aims to enhance transparency, security, and accessibility for collectors and investors, while preserving the rich heritage of wines and building a connected community. Full article.

Metaverse Poised to Transform the $54 Billion Medical Tourism Industry

The metaverse is set to revolutionize the medical tourism industry by providing telemedicine technology that streamlines patient acquisition and improves patient satisfaction. By offering virtual simulations of hospital environments and tourist attractions, the metaverse can help reduce patient stress, enhance doctor-patient relationships, and increase enthusiasm for medical travel, ultimately contributing to the industry's projected growth to over $111 billion by the end of the decade. Full article.

And that's a wrap!

That's all for this week's edition of CryptoSpend Roundup. We hope you found the information valuable and that it helps you stay ahead in the ever-changing crypto landscape.

If you have any suggestions or feedback for us, please feel free to reach out to our team :)

Happy CryptoSpending!

**All information in this article is for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, or other advice. Nothing contained herein shall constitute a solicitation, recommendation, endorsement, or offer by CryptoSpend to invest, buy, or sell any coins, tokens, or other crypto assets. Any descriptions of CryptoSpend products or features are merely for illustrative purposes. Past performance is not a guarantee or predictor of future performance. The value of crypto assets can increase or decrease, and you could lose all or a substantial amount of your purchase price. It is essential for you to do your research and due diligence to make the best possible judgement, as any purchases shall be your sole responsibility.

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On 17 April 2024, Cryptospend Pty Ltd commenced operating under the name of “Wayex”. This is a change in the business name of Cryptospend Pty Ltd and the entity remains the same. References to “Cryptospend” in the Product Disclosure Statement dated 18 October 2023 have been updated to “Wayex”.