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Dappradar: Metaverse Projects Command 43.68% of the Web3 Investments in 2023

July 4, 2023 0

While metaverse and virtual world projects have nosedived, a recent report of Dappradar, a Web3 tracking site, has revealed that venture capital firms have invested $707 million in these projects since the start of 2023. This means that, even when the metaverse narrative was substituted by meme

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Reality TV Star Phaedra Parks Empowers 13-Year-Old Son With $150,000 to Invest in Cryptocurrency and Rental Properties 

July 4, 2023 0

According to a recent interview with “Real Housewives of Atlanta” cast member Phaedra Parks, the reality TV star gave her son $150,000 to invest and learn about building wealth. Parks mentioned that her 13-year-old son, Ayden, is particularly interested in rental properties and he’s “big into cryptocurrency.” Kids and Crypto — Reality TV Star Phaedra […]

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Singapore Implements New Crypto Regulations Targeting Custody, Lending, Staking

July 4, 2023 0

Singapore has implemented new regulations for crypto service providers in a bid to enhance investor protection and maintain market integrity within the cryptocurrency industry. The Monetary Authority of Singapore (MAS) will also restrict lending and staking activities facilitated by crypto service providers for their retail customers. Singapore Has New Crypto Rules The

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Nigeria Currency Presently Undervalued Says Bank of America Analysts

July 4, 2023 0

According to Bank of America analysts, the Nigerian currency is currently undervalued and will likely end the year trading at around NGN680 per dollar. The analysts assert that higher oil revenues and a liberalized import regime will likely see Nigeria record current account surpluses in the medium term. Freely Floating Naira Just under a month […]

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Nasdaq Resubmits Blackrock Spot Bitcoin ETF Application, Inks Agreement With Coinbase for Surveillance-Sharing

July 3, 2023 0

After the four firms that filed for spot bitcoin exchange-traded funds (ETFs) resubmitted their applications with the U.S. Securities and Exchange Commission (SEC), the asset manager Blackrock followed suit with an amended application. Similar to Cboe’s refiling of registrations from Fidelity, Vaneck, Invesco, and Wisdomtree, Nasdaq amended the Blackrock spot bitcoin ETF

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2 Rate Hikes or Hold? Fed Predictions Vary From No Rate Hikes to 6% in 2023

July 3, 2023 0

Based on projections from the U.S. Federal Reserve, it is anticipated that the central bank will implement two additional increases to the federal funds rate within the span of 2023. As indicated by Fed policymakers, they estimate the benchmark bank rate to fall within the range of 5.5% to 5.75% by the end of this […]

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Report: Revolut to Delist Polygon, Solana, and Cardano Amidst Evolving US Regulations

July 3, 2023 0

According to a report published on Monday, the British fintech firm Revolut plans to delist the cryptocurrency assets polygon, solana, and cardano from its U.S.-based platform. Revolut cited evolving regulations in the United States, and users will need to sell the three tokens by September 18th. Revolut Joins Bakkt, Robinhood, and Etoro in Delisting Specific […]

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Biggest Movers: XMR Races to 5-Month High, as ATOM Extends Recent Gains

July 3, 2023 0

Monero continued to climb during Monday’s session, as the token surged to its highest point since February. The move comes as the global crypto market cap was marginally higher on the first working day of June. Cosmos also extended recent gains, hitting a one-month high in the process. Monero (XMR) Monero (XMR) was one of […]

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Litecoin Surges in Value Amidst EDX Listing and Imminent Reward Halving, Enters Top Ten Rankings

July 3, 2023 0

During the past fortnight, the crypto asset litecoin (LTC) has surged over 40% against the U.S. dollar after the crypto exchange EDX announced the listing of LTC alongside three other prominent digital currencies. Additionally, Litecoin is on the verge of a reward halving, with only 30 days remaining until its block reward subsidy decreases from […]

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Bitcoin, Ethereum Technical Analysis: ETH Nears $2,000, Ahead of US Independence Day

July 3, 2023 0

Ethereum moved closer to $2,000 on Monday, as markets prepared for a short, but busy week of U.S. economic data. This is due to the fourth of July Independence Day celebrations, which will see some markets in the United States closed. Once reopened, the FOMC minutes, and non-farm payrolls report will be some of the […]