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London Stock Exchange Opens Doors to Bitcoin and Ethereum ETNs

The Financial Conduct Authority of the United Kingdom has announced its approval for the establishment of a market segment dedicated to crypto-backed Exchange-Traded Notes (ETNs), signaling a significant stride in the integration of digital assets into traditional financial frameworks. In line with this development, the London Stock Exchange (LSE) has disclosed its forthcoming acceptance of […]

Bitcoin price hits a new all-time high on March 5th, 2024

  The price of Bitcoin surged to a remarkable new peak, exceeding $69,200 on March 5th, with a notable 5% increase within a mere 24-hour period. This surge marks a substantial rise of over 21% throughout the past week, surpassing its previous all-time high of $68,990 observed on the Coinbase exchange back on November 10, […]

IRS Hires Private Sector Experts to Navigate Crypto Tax Compliance

  The Internal Revenue Service (IRS) is poised to utilize funding allocated through the Inflation Reduction Act (IRA), a federal legislation aimed at mitigating inflation, to bolster compliance initiatives in emerging sectors, with digital assets being prioritized. Recent developments within the IRS include the recruitment of two seasoned crypto tax specialists from the private sector, […]

Bitcoin Hits $64K on Path to New All-Time High Before Halving

  Bitcoin’s meteoric ascent persists as it surges to an impressive $64,000 on February 28th, marking yet another milestone in its parabolic rally. The remarkable 10% surge in Bitcoin’s price, propelling it to its highest point in 2024, is largely attributed to investors eagerly anticipating the impending supply halving event. Historically, such events have been […]

Saudi Arabia Launches Cultural Metaverse on Founding Day

  The initiative of the Saudi government’s Cultural Universe within the metaverse serves as a comprehensive journey through the extensive history of Saudi Arabia, tracing back to the year 1727. Launched by the Saudi Arabian Ministry of Culture to commemorate the nation’s founding day, this metaverse initiative is a testament to the commitment to both […]

PUBG Publisher Teams Up with Circle for Metaverse In-Game Wallet

  Overdare, a prominent metaverse-focused venture, has unveiled a groundbreaking collaboration with Circle, a leading issuer of USD Coin (USDC), aimed at enhancing the experience for gaming content creators within its immersive gaming environment. This partnership, announced on February 26th, marks a significant milestone in the evolution of the gaming industry, particularly within the realm […]

Solana NFTs Surpass $5 Billion in All-Time Sales Volume

  In December 2023, the market for Solana-based nonfungible tokens (NFTs) experienced a significant surge, marking its second-highest monthly sales volume at $365 million. This surge contributed to a remarkable milestone for Solana NFTs, as the total sales volume surpassed $5 billion, driven by heightened trading activity on the blockchain over the past four months. […]

Uniswap’s Governance Proposal Sparks UNI, Reaching Two-Year High

  UNI experienced a remarkable surge of over 50% within a 24-hour period, reaching a peak of $12.73, its highest level in two years, as reported by TradingView. This surge was propelled by a proposal put forth by the Uniswap Foundation aiming to enhance the governance structure of the Uniswap decentralized exchange. The proposal, spearheaded […]

Metaverse Healthcare Market Set to Hit $500B by 2033

  The burgeoning expansion of telemedicine and the advent of innovative surgical techniques and training methodologies are pivotal factors propelling growth within the healthcare sector. In the ongoing journey towards widespread acceptance, the metaverse has significantly penetrated mainstream consciousness in 2024. Despite the absence of a singular breakthrough application to catalyze mass adoption, it has […]