The Bank of Spain already has 17 virtual asset service providers registered in its registry. According to Spanish law, cryptocurrency exchanges and custodial providers must be listed in order to function. Three companies were added last week, however, the major names in crypto are not yet registered.
Bitfarms, a bitcoin miner, announced that it had sold 3,000 bitcoin in order to repay a portion of a $100m loan with Galaxy. The company had previously tried to keep its mined bitcoin.
Convex tokens are in high demand and are soon to be unlocked. The liquidity is limited for the swapping of CVX to Ethereum (ETH).
Uniswap has announced that it acquired marketplace Genie. This acquisition will allow NFTs to be integrated into its products. NFTs will be integrated into Uniswap’s widgets and developer APIS.
Shiba Inu (or SHIB) and Dogecoin are the two largest “meme coins” on the crypto market. They are both on the rise today. Shiba Inu (or SHIB) was up 28.2% over the last 24 hours, while Dogecoin rose by 13%. This move comes after Elon Musk , CEO of Tesla SpaceX, made comments today at the Qatar Economic Forum in Doha. He reiterated his support for DOGE.
Deutsche Bank has updated their recession forecast. According to Deutsche Bank’s economists, the bank now expects a “more severe and earlier recession” than originally predicted. The economists stated that the Fed had taken a more aggressive hike path, financial conditions are tightening sharply, and economic data is beginning to show signs of slowing.
Three months ago, the EU Parliament approved a similar measure.
According the Bitcoin Obituaries List, bitcoin died 15 times between 2022 and now. The last statement about bitcoin’s death was written on June 18th, in a statement that stated: “Bitcoin will not recover.” Google Trends data also shows that this week’s search term “bitcoin” is expected to reach an all-time high.
Metaverse building company LandVault announced Monday a merger with Admix, an in-play advertising platform Admix. Sam Huber, founder of Admix, will take over as CEO and lead the newly merged business.
ProShares has announced Monday its latest crypto exchange traded funds (ETF). Investors will be able to take advantage of the declines in bitcoin’s price by investing in the short ETF. In October 2021, the firm launched the ProShares Bitcoin Strategy ETF.
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