Elon Musk says Neuralink is better than Metaverse
Tesla and SpaceX CEO Elon Musk showed no support for the metaverse and Web 3.0 ecosystems as he dismissed the terms for being used as buzzwords and marketing tactics. He said that he favours Neuralink over Metaverse in the long term. Speaking around metaverse and virtual reality (VR), Musk said that he does not see a future where one would have to leave the physical world to live in a virtual one.
El Salvador buys 21 Bitcoin to celebrate 21/12/21
Buying Bitcoin is becoming a way of celebrating different occasions or playing around with meaningful figures by El Salvador. The government has bought 21 Bitcoins yesterday. Before the purchase, El Salvador held 1,120 bitcoins in its treasury.
Bank of Russia to allow crypto investment via foreign firms
Russia continues to send mixed signals to the cryptocurrency markets as more reports provide details on the country’s upcoming crypto regulation. Shortly after Bank of Russia governor Elvira Nabiullina announced the bank’s intentions to prevent the local financial system from using crypto, another executive at the central bank clarified that crypto investment will remain legal in Russia. Crypto investors are confused seeing Russia’s mixed actions.
Crypto exchange Kraken acquires non-custodial staking platform Staked
Major cryptocurrency exchange Kraken has announced that it purchased blockchain infrastructure company and investment manager Staked for an undisclosed amount. Stake’s non-custodial staking service enables users to earn yield from staking without giving up custody of their assets. Kraken referred to the deal as “one of the largest crypto industry acquisitions to date”.
Bitpanda launches Exchange-Traded Note backed by physical Bitcoin on Deutsche Borse
Austrian fintech firm Bitpanda launched a fully collateralized exchange-traded cryptocurrency note that tracks the price of Bitcoin. The Bitpanda Bitcoin ETC (YBTC) is listed on Deutsche Boerse and Frankfurt Boerse with a total expense ratio (TER) of 2%. YBTC is physically backed, fully collateralized, and centrally cleared.