Bitcoin Price Falls Below $40k
According to CoinMarketCap, the price of Bitcoin temporarily dipped below $40,000 in the last hour. Bitcoin’s price changes are part of a larger negative price run for the flagship cryptocurrency, which has now rebounded to slightly over $40,400. Bitcoin has lost more than 3% in the previous 24 hours and more than 7% in the […]
Report: Hong Kong to Begin Trading of First Metaverse ETF On Feb. 21
Hong Kong’s first metaverse-themed exchange-traded fund was launched by CSOP Asset Management and will be listed on February 21 on the Hong Kong Stock Exchange. CSOP has indicated that in order to meet its investment goal, it would pursue an active management approach that will primarily invest in publicly traded firms in the Metaverse industry […]
Baby Doge Reaches 35% All-time High Following Huobi Listing
Baby Doge, another memecoin inspired by Dogecoin’s friendship with Elon Musk soared by 35% earlier today. This comes on the heels of Huobi, the world’s largest cryptocurrency exchange, announcing the adoption of the token to its platform. Baby Doge , which was launched in the midst of the memecoin frenzy last year, skyrocketed in popularity […]
As new competitors appear, Ethereum’s supremacy may tail off, says Morgan Stanley
According to a new analysis from Morgan Stanley’s Global Wealth Management Investment Office, Ethereum’s supremacy may wane if robust market competition emerges. Morgan Stanley’s Report Findings The report is titled “Cryptocurrency 201: What Is Ethereum ?” and it gives a full explanation of the ecosystem, as well as its benefits and drawbacks when compared to […]
DeFi ETFs are taking off in Brazil, with two launches this month
In recent weeks, two businesses have competed to create the world’s first DeFi exchange-traded funds in Brazil. Hashdex, a crypto asset management with offices in Menlo Park, California, and Rio de Janeiro, was the first to announce the introduction of a DeFi ETF on Brazil’s B3 stock exchange. After alerting the market of the listing […]