2022-02-07

Daily Digest – February 7th

• Crypto market recovers over the weekend, $800 million of BTC moved out of exchanges, derivatives signal trend reversal.

• Billionaire Ray Dalio is keeping his Bitcoin, Senator Ted Cruz buys the dip.

• World’s biggest exchange, Binance, warns of massive SMS phishing scams.

• U.S. Treasury warns of money laundering in NFTs, FinCEN to crack down on anonymous crypto transactions.

Crypto Market’s Weekend Recovery: Bitcoin Crosses $42k, Ethereum Above $3k, Meme Coins Shine

February has brought a breath of fresh air for crypto investors who weathered the storm that was January, Bitcoin’s worst outing since 2018. Over the weekend, the crypto market enjoyed its biggest rally since November 2021.  The rally saw the global crypto market cap gain over $200 billion to briefly grace the $2 trillion mark for the first time since January 20th. On Friday morning, the global crypto market was capped at $1.73 trillion, but now holds $1.928 trillion as of this writing...

Shibarium Public Testnet to Go Live “Very Soon”

A public testnet of Shiba Inu’s (SHIB) Layer-2 solution ‘Shibarium‘ could be set for launch in the nearest future, revealed the developers working alongside the project, Unification Foundation.As stated in their 2022 roadmap  post, the second installment of Shibarium’s private testnet is already live and undergoing optimization by both teams. The post’s authors added that they are planning for Shibarium’s public testnet release “ to come very soon.” So far, the specific date for when the platform will become available has not been specified...

Shiba Inu (SHIB) Jumps 22% to Lead Meme Coin Rally, Ahead of Valentine’s Day EventAfter weeks of seemingly unending downtrends, the overall crypto markets were given relief as cryptos rallied to reclaim lost highs.

Couple Gets Married for the Second Time, but in the Decentraland Metaverse: Here’s What Happened

We all know that organizing a perfect wedding in real life can be extremely complicated and challenging. Well, organizing a wedding in a the metaverse turns out to be even more tricky. One couple from Arizona, Ryan and Candice Hurley, shared their experience about the first wedding to take place in the metaverse.  It should be stated that the Hurleys have already been married for 14 years, but that didn’t stop them from having a huge party in Decentraland with 2000 guests...

That's you all up to date. But if you're hungry for more crypto news and insights, there's always more on our website.And feel free to reach out to us at [email protected] with any questions or comments.Until next time,Tadas