News 1:Shiba Inu Grows 33% In One Day As Whales Load Up On SHIB
Shiba Inu has been on the rebound since this week opened up for trading. The meme coin had not seen had the best of weeks as it had dipped to the $0.00003 range following the market crash. The dips have caused some to panic and question the viability of the cryptocurrency going forward. However, it has proved to be a buying opportunity for others who have loaded up on cryptocurrency.
News 2: Bank of America: The Metaverse Is a Massive Opportunity for The Crypto Industry
According to a report by the leading digital asset manager – Grayscale, the metaverse industry world could soon be worth over $1 trillion.
The investment giant noted that the opportunity for the space extends far beyond gaming and touches sectors like advertising, digital events, social commerce, hardware, and developer/creator monetization.
News 3: Canada Marks Launch Of First Bitcoin, Ethereum ETFs With Monthly Payouts
ETFs have been trading in the United States, Canada, and some other countries for a while now. These ETFs have made strides so far, with high volumes traded throughout their existence in the market. However, none of these ETFs have offered mainly dividends to their investors. An asset management firm in Canada has now made history as the first to provide a monthly yield to those invested in its ETF.
The Bitcoin and Ethereum ETF will offer investors monthly yields using a derivatives-based covered call strategy. Like the ETFs, the plan is another first of its kind in the crypto market.
News 4: $106M worth of Metaverse land sold last week
Undoubtedly, Metaverse land is the next big hit in the NFT space. Outputting record sales numbers and constantly increasing NFT prices, virtual worlds are the new top commodity in the crypto space.
Four blockchain-based Metaverse projects generated more than $100 million worth of virtual land NFT sales last week, according to data from DappRadar.
News 5: Facebook (Meta) Removes It’s Ban Of Crypto Ads
Now, Facebook, rebranded as Meta, is making it easier for crypto platforms to run their advertisements on their social media channels.
In the past, Meta required crypto marketers to submit an application that included any licenses; public stock listings, and other detailed information. This week’s change will allow crypto exchanges and wallets to be qualified to advertise on the platform if; they possess just 1 of a potential 27 regulatory licenses. The announcement came via a blog post on the platform’s site to start December.