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Bitcoin rose past $57K on Sunday, although investors are nervously eyeing the spread of the omicron variant of the coronavirus. Good morning. Here’s what’s happening this morning: Market moves:Bitcoin was trading at over $57,000, although investors are nervous about the spread of the COVID-19 omicron variant. Technician’s take (Editor’s Note):Due to the U.S. Thanksgiving holiday, today’s First Mover Asia will...
Revenue from virtual gaming worlds could grow to $400 billion in 2025. The metaverse may represent an over $1 trillion annual revenue market opportunity, crypto investment giant Grayscale said in areport, without specifying the timeline. The report, which was published on Thursday, is dubbed “The Metaverse, Web 3.0 Virtual Cloud Economies.” The report looks into the opportunity that will arise...
While the bill might be the same as the draft submitted in January, expectations had grown that the government would submit a final version that would be accommodative to crypto. The Indian government is still seeking to ban most cryptocurrencies under a long-awaited cryptocurrencies bill that will be submitted for consideration at Parliament’s so-called “Winter Session” this year. According to...
The issuance of the tokenized bond, which was developed by Blockstream, will be processed by Bitfinex. El Salvador, the only country in which bitcoin is a legal tender, is going to build an entire city based on the largest cryptocurrency, President Nayib Bukele told a raucous crowd in a Saturday night presentation at Bitcoin Week in El Salvador. “Bitcoin City”...
Swedish regulators think crypto mining is impeding the Paris Climate Agreement goals. Norway is considering a crypto mining ban proposal put forth by two Swedish regulatory officials, Minister of Local Government and Regional Development Bjørn Arild Gram hinted in a Nov. 17 interview withEuronews. Norway is “currently considering potential policy measures” to address the “challenges related to crypto mining.” In...
The naming deal is one of the biggest in sports history, according to the L.A. Times. The Staples Center arena in Los Angeles will be renamed Crypto.com Arena on Christmas day, according to apress release. The Singapore-based crypto exchange bought the naming rights from AEG for 20 years, for $700 million,the L.A. Timesreported, citing sources familiar with the matter. The...
The decision did not come as a surprise given SEC chair Gary Gensler’s preference for a bitcoin futures ETF. The U.S. Securities and Exchange Commission (SEC)rejected investment firm VanEck’s proposal for a spot bitcoin exchange-traded fund (ETF) in a decision released on Friday. The agency had previously delayed its final decision on the proposal in September. In its letter, the...
Binance users say that the crypto exchange is not allowing them to make any withdrawals until they return the DOGE. Binance has temporarily suspended withdrawals of DOGE following an upgrade, the company said Thursday. “We discovered a minor issue with DOGE network withdrawals on Binance after carrying out aversion update on 2021-11-10,”Binance said in a post on Thursday morning without...
Launching a truly “global” stablecoin is likely to get more difficult in the coming year as a result of the guidance, which advises regulators to keep such projects on a short leash. The Financial Action Task Force (FATF)’s long-awaitedupdateto its guidance on virtual assets lays out a comprehensive set of guidelines to regulate the quickly evolving cryptocurrency space. With this...
Cryptocurrency’s combined market cap has tagged $3 trillion for the first time as top altcoins push into all-time highs. Cryptocurrency’s combined market cap has tagged $3 trillion for the first time as top altcoins push into all-time highs. With Bitcoin trading within 2% of itsall-time highwhile Ethereum, Solana, and Polkadot push into previously uncharted price ranges, CoinGecko estimates that the...