Rowan Currey 
In the past week, the crypto-market showed a slight rise, still keeping favorable positions for entry into long-term investing. The current rate of bitcoin is $20,523 and Ether is fluctuating at $1,580. The global cryptocurrency market capitalization rose to $1.01 trillion. Bitcoin’s dominance is currently 38.91%. The average daily total cryptocurrency market volume is $71.74 billion.
Today’s latest news:
BUSD share among stablecoins reaches a record value
BUSD share among stablecoins reaches a record value of 15.48%. Since the beginning of the year, the supply of the coin has grown by more than $6 billion and now stands at $22 billion. The total supply of Stablecoins now equals around $140 billion.
Meta reported huge losses due to metaverses
According to a new quarterly report, Reality Labs, the division working on Meta’s meta universe, reported an operating loss of nearly $3.7 billion for the latest quarter. We live in an amazing time of new trends. Businesses are now testing new directions to find true gems for investment and expansion. So it should come as no surprise that some of the innovations fall short of expectations.
Bitcoin mining complexity has increased again
Bitcoin’s mining complexity has increased by 3.4% as a result of another recalculation. Earlier this month, the figure rose by 13.55%, the highest increase since May 2021. Network complexity determines the amount of computing power required to find a new block in the bitcoin blockchain. This parameter changes every 2016 blocks, or about once every two weeks.
Cryptoproject Freeway stopped client operations
Developer information has been removed from the project’s website. The FWT project token fell by more than 70% overnight. Analysts warned in advance that the Freeway project could be a financial pyramid scheme that would collapse within the next few months and recommended withdrawing funds from the platform.
Bloomberg: regulation of cryptocurrencies will increase investor interest in them
Regulation of the cryptocurrency market will increase investor interest in this asset class, Blоmberg reports, citing the latest survey of professional investors by MLIV Pulse. Aggressive actions by the U.S. Securities and Exchange Commission (SEC) and other regulators are having a positive effect on the industry, as large market participants said they are more likely to invest in cryptocurrencies after the tightening of regulations in this area, the article said.
Nearly half of the investors surveyed expect bitcoin to continue trading in the $17,600 to $25,000 range for the rest of this year.
Apple Store updated rules and allowed NFT transactions in apps
The App Store updated its usage guidelines after the release of a new version of the software for Apple iOS 16.1 devices. The updated guidelines include rules for apps that work with NFT. For example, clause 3.1.1. states that companies can offer to create ( minting), sell and buy NFTs in their apps.
Briefly on other news of the week:
Visa plans to release its own crypto-wallet and meta-universe
They have filed the relevant applications with the Patent Office. The payment system has recently made many integrations with cryptocurrency exchanges
Twitter is working on a cryptocurrency wallet
“Twitter is working on a ‘wallet prototype’ that supports ‘crypto deposit and withdrawal'” according to a post by Jane Manchun Wong. Meanwhile, Dogecoin soared 20% on rumors of Ilon Musk’s purchase of the social network Twitter
Hackers who hacked FTX attacked Binance US and Bittrex exchanges
The attackers stole more than $1.8 million from the two exchanges. The attack is still ongoing…
This is what the crypto news has been like this past week.
Remember: now could be a golden time for you to break into the crypto world and to get all benefits of the new era trend!
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