Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $2,17 trillion. Bitcoin continues to trade at around $62,300. Ethereum experiences no changes and stagnates at around $2,400. XRP is down by 2%, Solana by 1%, and Dogecoin by 3%. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector decreased the total value of protocols (TVL) to around…
Gas Flaring
Oman Invests in Crusoe Energy to Minimize Gas Flaring
The Oman Investment Authority (OIA) has invested in US-based crypto mining company Crusoe Energy. Bloomberg reported this news yesterday, noting that OIA participated in Crusoe Energy’s $350 million equity round in April. OIA and Crusoe Energy declined to reveal the size of the investment. Through this investment, Oman seeks to empower Crusoe Energy to minimize gas flaring in the country. Crusoe Energy CEO Chase Lochmiller said the company would set up shop in Muscat, Oman. Explaining why Crusoe Energy decided…
3 years ago