How Has Your Cryptocurrency Week Been? Do You Want Any News Highlights?

It is the 26th of July 2022, I hope your investment strategy is paying off, if not be patient. How is your week coming up so far? I hope all is well. Do know that by 25th July, the global cryptocurrency market hit a market cap of 1 Trillion US Dollars?

Your Daily Crypto News Highlights

Since 22 July 2022, the global cryptocurrency market rose by 10 per cent reaching a market cap of 1 Trillion US Dollars. Despite the bear market, digital asset investment products have received an inflow of $12M during the past three weeks.

During this second quarter too, Tesla has sold 75% of its crypto holdings in Bitcoin. The increasing demand for cryptocurrency among retail investors is growing. According to JP Morgan, the deleveraging phase of cryptocurrency is beginning to fade.

OpenSea, the largest NFT Marketplace has released a new Solana Launchpad. Therefore, as a creator, you can host a new mint from the start to the end. Vitalik Buterin, the founder of Ethereum, has thanked Shiba Inu for supporting an artificial intelligence program he backed. This is rich considering Vitalik Buterin's donation that messed up Shiba Inu.

Is Bitcoin Here to Stay?

Bitcoin is here to stay and it is receiving backing from top executives, such as, the Black Rock executive. He said that Bitcoin is here to stay and is a valuable portfolio enhancement.

A French Bank by the name "BNP Paribas" is entering the cryptocurrency space. BNP Paribas aims to join the cryptocurrency custody space through a partnership with Metaco, a Swiss Digital Asset safekeeping firm.

Dubai is unveiling its own Metaverse Strategy, called the " Dubai Metaverse Strategy". It aims to make the city one of the world's top Metaverse economies. Dubai is already attracting 1000 Blockchain companies with this product.

Binance has just added 21 local African banks to its P2P trading platform. Binance also requests users to include any local P2P methods they want to use in Binance. This is a big celebration for Binance.

Any Crypto Regulations and Policies?

The chief of Australia's Central Bank believes that regulated private crypto tokens are better than CBDCs. What are CBDCs? Feel free to leave a comment below.

It was only a matter of time. The United Kingdom is planning to introduce regulatory rules on stable coins. The parliament is looking into the issue.

G20 Central bank governors and Finance Ministers spoke about the necessity of cross-border regulations on stable coins.

These are the cryptocurrency news highlights of the week. I hope you have it major. Have a Blessed Week.