THE DAILY ENCRYPT

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TA: Ethereum Primed For Strong Recovery And Only 1 Thing is Holding it Back

Ethereum is attempting a recovery wave from the $2,500 support against the US Dollar. ETH price must clear $2,700 and $2,750 to start a strong recovery wave. Ethereum found support near $2,500 and started an upside correction. The price is now trading below $2,700 and the 100 hourly simple moving average. There is a major …

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Stablecoin Supply Near $200 Billion, Faster Growth Than Rest of Crypto

Stablecoin supply shows significant growth during the year. The market cap of the top stablecoins is roughly $181 billion, over 11% of the total crypto market, which is now at $1,6 trillion after shedding over $140 billion in the past two days over geopolitical concerns. Consequently, data shows that stablecoins are growing at a much …

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Kazakhstan Cracks Down on Illegal Mining, Busts 13 Crypto Farms

Authorities in Kazakhstan have gone after illegal crypto mining operations amid ongoing issues with electricity supply. Working together with law enforcement, the country’s energy ministry announced the closure of over a dozen facilities minting digital currencies. Government Shuts Down Unauthorized Crypto Mining Operations Across Kazakhstan Local departments of the Committee for Atomic and Energy Supervision

Game Lounge is Taking a New Approach to Metaverses with its Personal, Digital Gaming Rooms

Metaverses have become increasingly popular, with market size growing from $46 billion in 2020 to a predicted $800 billion by 2024. Metaverses create a comprehensive universe, combining all companies’ offerings into one convenient virtual space. For the digital asset space, this typically refers to NFTs, tokens, and more coming together in one experience, typically around