In the crypto space, there are several Metaverse projects being developed, typically on Layer 1 blockchains. However, recent technological advances in Bitcoin have led some builders to claim that the Metaverse has arrived on the Bitcoin Network. This article aims to delve into…
Canadian crypto miner Hut 8 Mining has secured a $50 million credit facility agreement with Coinbase Credit, which will provide Hut 8 with financial flexibility and liquidity. The credit facility consists of a $15 million term loan, which is expected to be funded…
Matthew Sigel, the head of crypto research at VanEck, recently questioned why the US Securities and Exchange Commission (SEC) refuses to approve an ETF on spot Bitcoin. While the SEC has approved ETFs based on Bitcoin futures contracts, it has not yet approved…
Aussie Fintech Stables, formerly known as Tiiik, has partnered with Mastercard and Circle to launch Asia Pacific’s first virtual stablecoin card. This card allows users to spend their stablecoin balance easily and securely wherever Mastercard cards are accepted. The move is a response…
CoinShares, a digital asset management firm, has released its latest report on institutional capital inflows into the crypto markets, indicating a positive shift in investor sentiment. This comes after BlackRock’s application for a bitcoin ETF with the SEC. Inflows in the past week…
The IMF’s managing director, Kristalina Georgieva, has criticized Egypt’s multiple exchange rate policy, stating that it only benefits the privileged. She compared attempts to stabilize the Egyptian currency without addressing foreign reserve leakages to “putting water in a bucket that has holes.” Despite…
Despite the recent regulatory crackdown on the crypto industry, Ethereum staking has actually accelerated, reaching a new high. According to CryptoQuant, nearly 20% of the Ethereum supply is now staked, with a 5% increase in the past two months. However, different analytics platforms…
Binance, the world’s largest cryptocurrency exchange, has faced setbacks in expanding its operations in German-speaking countries. It recently retracted its license application from the Austrian financial regulator FMA. This is another setback for Binance’s efforts to expand in Europe, as it is already…
The content discusses the bullish outlook for Bitcoin (BTC) according to analyst Michaël van de Poppe. Van de Poppe believes that Bitcoin’s ability to maintain support at the 200-week moving average (MA) and the 200-week exponential moving average (EMA) indicates a positive trend.…