JPMorgan took a big step into the metaverse with the popular blockchain-based virtual world Decentraland on Tuesday. The "Onyx lounge" was introduced along with a report outlining the bank's growth opportunities for businesses and the reasons for its "increasing interest" in the metaverse.
Bitcoin Outflow From Exchanges Continues As BTC Price Surges
On-chain data shows that exchanges have seen major Bitcoin outflows for the third week in a row as the price continues to recover. According to Glassnode's latest weekly report, BTC net flow continued to show negative values for the third week in a row.
SEC Examines Binance's U.S. Arm
The US Securities and Exchange Commission has launched an investigation into the US-based arm of the cryptocurrency company, Binance.US, according to a report released by the Wall Street Journal on Tuesday.
Fidelity Launches First Spot Bitcoin ETP in Europe
Fidelity International, a global subsidiary of one of the world's leading investment companies, has announced the launch of its first Bitcoin exchange-traded product (ETP) in Europe, ETF Stream reports. Fidelity Physical Bitcoin ETP is listed in Frankfurt under the code FBTC. Trading under the ticker FBTC, the ETP will charge a fee of 0.75%.
US Representative Submits Draft Bill to Regulate Stablecoins
Today, U.S. Representative Josh Gottheimer unveiled the early draft of a bill regulating U.S. dollar-backed stablecoins. The proposed legislation would designate certain stablecoins as "qualified" and apply traditional deposit insurance to stablecoins. Qualified stablecoins can only be issued by banks or non-banks that meet certain regulations.
We support the Turkish sports and our sportspeople via our sponsorships agreements with 1907 Fenerbahçe Wheelchair Basketball Team, Cem Bölükbaşı, Erden Eruç, and Turkish Automobile Sports Federation! In this very rewarding and helpful journey of ours, we will continue to enrich and strengthen the Turkish sports thanks to the new steps we take in reaching brand new sponsorship agreements.