Industry News — Page: 9

The Grayscale report discloses that the Metaverse has attracted 10 times more users within 18 months. The report compared data from June 2021 and the beginning of 2020. The investment corporation stated that the Metaverse is a space able to reach the overall market capitalization of $1 trillion in the near future.

While the US government has been discussing the pros and cons of the recently signed investment bill, Texas prefers to pave the crypto-progressive path – the state aims to become the global hub for the Bitcoin mining industry.

According to Glassnode analysts, Bitcoin holders have reduced their spending since October, and the chart displays they are more likely to open new positions than quit the market. Bitcoin spent volumes varied from 2.5% to 12% within the last 15 months; meanwhile, in October the spending volume has fallen below 2.5%.

While the crypto market was moving down the previous weekend, Avalanche had hit another price record. The AVAX token reached its all-time high at $146.22, and the new record let the digital asset debut in the G10 of the crypto ranking – Avalanche replaced Dogecoin there, moving the meme-coin to the 11th position.

Circle, a US-based issuer of USD stablecoin, names Asia as one of the most promising markets to enter. The CEO, Jeremy Allaire, confirmed it in his interview with Bloomberg agency.

The first Polkadot auction round is over. The Acala project is the round’s winner. 32.5 million DOT tokens are locked for the winner, while the overall contribution reached 87.55 million DOTs (equivalent to $3.5 billion).

The Australian Reserve Bank keeps its finger on the pulse of local investment tendencies and aims to protect local investors who stake on meme-coins (Dogecoin and SHIBA INU mainly).

Fidelity Investments is going to jump the Canadian crypto market to a new level. The company got approval from IIROC (Investment Industry Regulatory Organization of Canada) to run a trading and custodial Bitcoin platform for institutional investors. Such a step enables Fidelity to launch a Bitcoin-based ETF in Canada.

The mining company Marathon Digital Holdings expects to strengthen its position in the crypto market. MDH is going to place convertible bonds for investors – bonds with a repayment period till December 1, 2026, will be available for qualified institutional buyers.

The Infrastructure Bill widely discussed among the US officials and the crypto community is now the official US law. On November 16, Joe Biden signed the bill, letting the new requirements come into force. The amendments suggested by crypto-supportive politicians were rejected.

What is the best gift for Christmas? 26% of Aussies are convinced that digital currencies “under the Christmas tree” would look great.

The US basketball team Houston Rockets is going to claim the title of the most crypto progressive NBA club. Tilman Fertitta is ready for the revolutionary partnership with NYDIG.

Switzerland is the next country ready to launch its own CBDC. According to the Swiss central bank, the testing of the digital currency ended successfully, and the financial regulator is going to schedule the CBDC launch for January 2022. Meanwhile, this step needs to be governmentally approved at first.

On November 10, the crypto community celebrated one more industry-changing event, as Bitcoin had set another price record. The first digital currency reached $68 789 per coin, while the market capitalization touched the level of $1.3 trillion.

Digital currencies led by Bitcoin are primarily claimed to protect holders from inflation, as the value of crypto assets constantly moves up despite the market downs. The US inflation rate reached its highest mark within the last five years. Based on October, CPI (Consumer Price Index) has skyrocketed by 6.2% compared to the same period of 2020.

Seven Seven Six, a venture investment company run by Alexis Ohanian, and Solana Ventures announced the launch of an investment fund to support Web 3.0 development and blockchain-based social networks. The news appeared during the Breakpoint online conference.

Canada keeps defending its title of the most crypto-progressive country. Earlier, the country hosted the first Bitcoin ETF, starting the global trend. The Canadian government shows that cryptocurrencies and ecology are equally important, as the two carbon-neutral ETF funds based on digital assets are about to appear in Canada.

According to a report published by Sheena Shah, Morgan Stanley’s crypto strategist, traditional banks understand the perspectives of digital currencies and are going to capitalize on the growing interest.

Solana keeps impressing the crypto community with new records. The digital currency reached its new all-time high at $260.06 which let the asset debut in the top-4, according to the Coinmarketcap ranking. With the overall capitalization of $73 billion, Solana left Tether and Cardano behind, testing brand-new heights for the cryptocurrency. The next goal is BNB with a market cap of $106 billion.

The legendary Spanish football club Barcelona is going through hard times; meanwhile, the team wants to remind fans of some of the historic and life-changing events.

Despite the attempts to tighten control over digital currencies, the US political squad welcomes more and more crypto-supporters. Eric Adams, the newly elected Mayor of New York is among the brightest representatives.

The USA government is at the risk of being divided into two camps: crypto-supporters and crypto-critics.

BetaShares moved the Australian crypto sector to a new level, by launching an ETF fund based on crypto-related companies. BetaShares is known as the leading Australian fund manager, and now the company strengthens its positions in the national market.

"Investors understand liquidity as a core factor that shows whether to buy/sell certain assets or not. Let's dive into this notion to comprehend its importance better. "