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Binance is on the verge of acquiring $200 million in Forbes stakes, as it touts the magazine publisher as an essential tool for web 3.0 Binance will merge with the blank-check company Magnum Opus in a $400 million takeover deal. Forbes will list on the New York Stock via SPAC as FRBs in the coming months. Binance SPAC Merger Major crypto exchange Binance will invest about $200 million into Forbes to ease a special purpose acquisition purchase (SPAC) of the…

Eric Adams – Mayor of New York City – is undoubtedly bullish on crypto. Yet when it comes to crypto mining, he appears to be towing the party line. In a joint session on Wednesday, the newly elected Democrat said he doesn’t support cryptocurrency mining. Though environmentalists appear pleased with his remarks, they may damage the mayor’s campaign to attract the crypto industry to NYC. ‘Crypto’, Not ‘Mining’ According to the New York Post, the mayor has chosen to side…

While institutions and countries alike learn to embrace Bitcoin, the ECB remains opposed to the asset as an investment option. An executive board member recently deemed Bitcoin “unsuitable” as a store of value, implying the bank would never buy it. Her remarks mirror Christine Lagarde, Jerome Powell, and other monetary authorities regarding Bitcoin. A Speculative Asset The board member – named Isabel Schnabel – made her remarks in a Q&A session on the ECB’s behalf this Wednesday. When asked when…

LEASH token spiked 58% after Shiba Inu devs said it would play a crucial role in their upcoming metaverse project. Following metaverse projects like Sandbox and Decentraland, Shiba Inu decided to join in. As a result, the team behind the second-largest meme coin announced their metaverse project. Like everything Shib does, we will lead this Metaverse sector. At this time, our early phase of development continues for the Shiba Inu Metaverse – Codename: Shiberse The second-largest dog-themed meme coin developers…

Apple has announced the rolling out of a new feature on Apple Pay called Tap to Pay. This offering could allow iPhone users to receive and make payments off several crypto platforms and exchanges with a simple tap on their device. Apple insists it would need no additional hardware other than an iPhone to make these transactions. On Tuesday, February 8, 2022, Apple publicly declared its intentions of integrating a feature that will enable merchants to accept contactless payments directly…

If Bitcoin became as big as gold, it would be worth $150,000, JP Morgan suggests. But not before its volatility becomes equal to that of gold. Analysts at the investment bank JP Morgan upped their theoretical value of Bitcoin based on comparison with gold. Namely, if Bitcoin's market cap reached that of all privately-held investment gold, BTC would be at $151,000. The estimate is up from the last month's $146,000. However, with Bitcoin's volatility taken into account, the numbers look…

TMX Group, Canada’s largest stock market operator, is gearing up to roll out its first crypto futures product. A report unveiled this news on February 8, citing the company’s CEO, John McKenzie. Per McKenzie, TMX is in response to institutional investors’ desires to mitigate the risks of trading in crypto. Reportedly, TMX seeks to drop its new product before the end of the year. The product will go live on the Montreal Exchange. While this will be the firm’s first…

While many of the most bullish crypto investors have adopted the term “digital assets,” Russia isn’t shying away from the industry’s origins. Authorities have recently agreed to recognize cryptocurrencies as “currencies straightforwardly”. That said, it will regulate these cryptos in a rigorous manner intended to weed out criminal activity in the space. Why Russia? The regulatory decision may come as a surprise to outsiders. El Salvador is the only country to recognize Bitcoin as a national “currency” to date. Even…

As crypto prices show signs of recovery following a three-month downtrend, some institutions remind investors that they’re still early to the space. Among them is the international American bank Wells Fargo. In a recent report, the company argued that the crypto industry is entering a “hyper adoption phase” like the internet in the mid-1990s. Crypto VS The Internet As stated in the company’s report on Monday, the bank rejects the notion held by some investors that it's “too late” to…