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The most important crypto news of the last week

2 min read



Another exciting week in crypto space is came to an end. The most important events around BTC and Co. at a glance.

Apple metaverse

As the iPhone maker its most recent quarterly figures announced, leaves Apple-CEO Tim Cook has the crypto rumor mill churning. When an investor asked him about the Metaverse, the 61-year-old emphasized that Apple is an innovative company.

He also said there were great opportunities in the field of augmented reality (AR) and commented that Apple saw “great potential” in it and would “invest accordingly”.

SEC rejects another BTC Spot ETF

It is and remains a tiresome topic that no longer really surprises anyone. The US Securities and Exchange Commission is on a real rejection course when it comes to BTC Spot ETFs.

That’s how it belongs now Fidelity Wise Origin BTC Trust spot exchange-traded fund to the group of rejected candidates. However, the asset manager was already successful with the stock exchange fund in Canada.

Facebook separates from Diem

Mark Zuckerberg’s stablecoin project has long met with very harsh criticism from the ranks of global regulators. Now he did Meta-CEO finished with his plan.

Founded in 2019 Diem Association was announced, according to inside sources from The Wall Street Journal Silvergate Capital sold. The California bank with a crypto customer base is paying about $200 million for this.

Tesla’s BTC holdings unchanged

During the announcement of the recent quarterly results the automaker exceeded investor expectations in many ways. Tesla posted a record profit of over $5 billion.

Meanwhile, there are no outliers on the crypto balance sheet. The electric car maker’s BTC holdings have remained unchanged and are worth around $1.26 billion.

Fed plans interest rate turnaround from March

fed-Chef Jerome Powell announced last week that he intends to gradually raise the key monetary policy rate soon. This is intended to counteract the harsh inflation trend in the USA.

The inflation rate is currently over 7 percent and thus higher than in the last four decades. While the Federal Reserve only recently announced the move, the final decision was made on Wednesday evening.

Trezor goes back and gives up asking its users controversial KYC

All content in this article is for informational purposes only and in no way serves as investment advice. Investing in cryptocurrencies, commodities and stocks is very risky and can lead to capital losses.

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