Market focus

Mark Zuckerberg’s company made a lot of noise a few years ago with an attempt to create its own stablecoin as a basis of a worldwide payment system built around Facebook, Instagram, and WhatsApp. Now, the once ambitious move has been reduced to some faint cracks at creating a kind of in-game currency for the…

Over the past few years, up to and including 2021, the cryptocurrency market has mostly expanded thanks to massive infusions of fiat money resulting in speculative growth. But from this point forward, crypto is about to ride the wave of the latest economic crisis, the so-called “stagflation”, and show growth predicated on the mass adoption…

Blackrock, the world’s largest asset manager, has launched a blockchain exchange-traded fund (ETF). The fund, trading on the NYSE Arca, gives investors exposure to “companies that are involved in the development, innovation, and utilization of blockchain and crypto technologies.” The launch comes after Fidelity listed its crypto and metaverse ETFs last week. According to a…

Breaking crypto news from the last week (Apr. 23 – 29, 2022): Apr. 23: Crypto assets are tracing a path back onto investors’ radar, notes Fred Pye, CEO and Chairman of Canadian investment fund 3iQ Corp. Anticipating the further pivot to crypto, he suggests that what’s happening at the present moment is only accelerating the…

The country of Canada is generally quite welcoming of new and unconventional enterprises, and the cryptocurrency business was no exception, enjoying significant freedoms in the Great White North. However, the “excessive financial freedom” it creates concerns the Canadian authorities no less than it does their American neighbors. You may have missed it, but Canada, over…

Three Arrows Capital, a crypto hedge fund, moves its headquarters from Singapore to Dubai as the UAE is gradually replacing Singapore as a crypto mecca. Bybit, Binance, Kraken, and FTX are setting up offices in the UAE as crypto migrates from traditional far eastern financial centers. Lately, the UAE continues to market itself as a…