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American beer brand Budweiser is launching a series of 1,936 non-fungible tokens to celebrate the birth of its first ever beer can that happened in the year 1936. The company that launched back in 1876, and plans to use the NFT collection to honour its journey so far. This NFT series is titled the “Budverse Cans: Heritage Edition”. This is the first ever NFT collection dropped for sale by Budweiser and all the items are built on the Ethereum blockchain. Each NFT is shaped as a Budweiser beer can, but generated using archived photos, advertisements as well as designs from throughout the…

Wyoming is on a mission to house 5% of the U.S. Bitcoin mining hashrate by the next halvening in May 2024. This goes hand-in-hand with Wyoming’s strengths and aligns well with economic development and job creation goals. For context, Wyoming has the lowest population density in the lower 48 U.S. states at six people per square mile (neighboring Colorado houses 56 people per square mile). Wyoming also has a difficult time retaining recent graduates because their ambitions for careers and salaries often don’t match what the rural Wyoming job market is currently offering, compared to major cities like Seattle and Denver. A…

The Government will introduce the much-awaited ‘The Cryptocurrency and Regulation of Official Digital Currency Bill 2021’ in Parliament during the ongoing Winter Session. The Bill may be introduced in the coming days. It is not on the revised ‘List of Business’ of the Lok Sabha for November 30, 2021. Meanwhile, Finance Minister Nirmala Sitharaman today (November 30) said in Rajya Sabha that a new crypto bill will be introduced in the House after approval from the Cabinet. The Crypto industry is awaiting a positive regulation that may permit investing and trading in crypto with certain restrictions. The buzz around the Crypto…

The global crypto-market’s capitalization has reached a record value of $2.6 trillion on the back of bitcoin’s recent price surge beyond its all-time high of around $64,000 in mid-October. Growing interest from institutional investors could herald a new phase of mainstream acceptance and accelerate the development of new use cases of cryptocurrencies’ underlying distributed ledger technology (DLT). As the technology enables disintermediating existing services and products, traditional actors in the financial industry can’t ignore emerging trends in the space. One specific universe of use cases is decentralized finance (DeFi), which has experienced a massive inflow of liquidity since the summer…

WisdomTree has launched three cryptocurrency basket exchange-traded products (ETPs) including mega-cap and altcoin ETPs. The WisdomTree Crypto Market (BLOC), Wisdomtree Crypto Altcoins (WALT) and the WisdomTree Crypto Mega Cap Equal Weight (MEGA) are listed on SIX and Deutsche Boerse and are all physically backed. MEGA, which has an equally weighted allocation to mega-cap digital assets including bitcoin and ethereum has a total expense ratio (TER) of 0.95%, while BLOC and WALT have fees of 1.45%. BLOC is market cap-weighted and offers exposure to the crypto assets representing 70% of the market and is designed for those looking to get broad exposure…

Executives at the major ETF issuers will be paying close attention to the latest launch to hit the European ETF market. After months of rumours, Invesco finally made its long-awaited entrance into the cryptocurrency exchange-traded product (ETP) space with the launch of the Invesco Physical Bitcoin ETP (BTIC). Invesco is the second issuer with over $25bn ETF assets under management (AUM) in Europe after WisdomTree to make the big jump into the crypto space. The similarities with the gold exchange-traded commodity (ETC) space are clear to see. WisdomTree – through its acquisition of ETF Securities in 2018 – runs the world’s first gold ETC which launched in 2003…

As the crypto market goes mainstream, there’s a group of users that has now placed their eyes on this new asset class. Traditional traders – those used to buying stocks, options, bonds and forex – are now eyeing Bitcoin and other cryptocurrencies as another asset to trade. As this new asset class emerges, traders should understand a few things about the space. Although we consider these as the most important topics to understand, there is also plenty of nuance within the space in regards to basics. The main issues surrounding volatility are well known to all, and this only makes…

On October 25, 2021, the Central Bank of Nigeria (CBN) launched the eNaira, the first CBDC in Africa and the second in the world to be fully open to the public following the Bahamian Sand Dollar. As a digital form of the local Naira, the eNaira is meant to complement the physical currency, while maintaining parity of value, status as liability of the CBN, and serving as legal tender. The eNaira runs on the private blockchain Hyperledger Fabric, with an account-based system where transactions would require verification of users’ identity.The CBN has partnered with the fintech company Bitt, Inc. to…

Cryptocurrency products and funds posted record inflows in the first 11 months of the year, as institutional investors flocked into the space despite price declines in the last few weeks, data from digital asset manager CoinShares showed on Monday. Total inflows into the sector were $9.5 billion as of Nov. 26, an all-time high. In 2020, total bitcoin inflows were $6.7 billion. On the week, inflows reached $306 million. Bitcoin saw its largest inflows in five weeks totaling $247 million, CoinShares data showed, following the launch of another investment product in Europe. Invesco has launched a bitcoin exchange-traded product in…

Last week, SHIB developer Shytoshi Kusama teased on Twitter that something big was coming, and we can reveal that he was talking about plans for a metaverse Shiba Inu game with a triple-A game studio and leading developer William David Volk. https://twitter.com/ShytoshiKusama/status/1462864703034646536?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1462864703034646536%7Ctwgr%5E%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fuk.sports.yahoo.com%2Fnews%2Fshiba-inu-signs-nda-top-171012345.html Announcing that ‘SHIB is the future of gaming’, Shytoshi – a leading developer in Shiba Inu’s growing decentralised community – explained that Shiba Inu Games would be undertaking its first project in the form of a decentralised metaverse in response to Facebook’s Meta. “The only way to create a seven-figure game that is worthy of one million FriendShibs…