THE DAILY ENCRYPT

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Bitcoin Worth $1.2B Left Coinbase In Sign Of Continuous Institutional Adoption

Despite the four-month bearish price action, institutions continue to pile drive bitcoin, which might have scared away retail leverage traders. This is because institutions are focusing on longer-term horizons and see the potential for big profits in BTC’s growth over time. The recent large outflow of coins from the U.S.-based crypto exchange Coinbase is evident, …

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Binance Plans To Acquire Brazilian Securities Brokerage

Binance, the global leader in cryptocurrency and blockchain platform, is relentless with its potential for growth. With the goal of further developing and expanding Brazil’s cryptocurrency and blockchain ecosystem, the crypto exchange giant has inked a Memorandum of Understanding to explore and possibly acquire Sim;paul Investimentos, a Brazilian securities brokerage firm.  The transaction is authorized

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Kazakhstan Shuts Down Over 100 Crypto Mining Farms

More than 100 crypto farms in Kazakhstan have terminated operations as a result of ongoing inspections of the mining sector. Authorities have revealed that some of the facilities are linked to prominent businessmen and former government officials. Financial Watchdog Goes After Crypto Miners Across Kazakhstan The rapid expansion of crypto mining in Kazakhstan, since last

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Zuckerberg: NFTs Coming To Instagram “In The Near Term”

Instagram has NFTs on the way. At a speaker series seminar at Austin, TX multimedia and culture conference SXSW, Meta Platforms CEO Mark Zuckerberg was questioned about NFTs; while the long-time face of the company was reluctant to give up too many details, Zuckerberg did allude to incoming NFT support features on Instagram in the