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Cryptocurrency exchanges are hazarding bigger-image harm to their business for continuing in Russia as Western administrations strive to cut off Moscow; the chief of the London Stock Exchange Group stated this earlier on Wednesday, implying it as a "watershed moment."
The rise in popularity of Non-Fungible Tokens (NFTs) can be attributed to its unique features such as verifiability, tamper-resistance, usability and tradability.
The value of NFTs depends on a variety of factors - their scarcity, the demand for artwork or even artists, and the price of the underlying cryptocurrency spent.
Nischal Shetty stated that even after the imposition of this huge tax on the cryptos, the investors are all eager to invest in these digital currencies.
The growing popularity of bitcoin and decentralized finance, in general, has opened up some endless possibilities. The ability to borrow against cryptocurrency, for example, is surely altering the future of borrowing.
With two of the biggest payment-making platforms VISA and Mastercard accepting cryptocurrency for payment transactions, the demand is rapidly rolling up.
