The Crypto Pulse Newsletter - Issue # 3. Tuesday, July 19, 2022 | Powered by GenShards. Link to issue :-. Macro Landscape.
19 Jul 2022, 12:44
🔍 The Crypto Pulse Newsletter - Issue # 3 🔍
Tuesday, July 19, 2022 | Powered by GenShards
👉 Link to issue :-
⛰Macro Landscape
📌 How the new crypto regulations in the EU can affect stablecoins - "burdensome but not a threat" (source)
📌 India’s introduction of new crypto taxes negatively impacted overall trading, forcing entrepreneurs to move to friendlier jurisdictions (source)
📌 Bitcoin is set to serve as a reserve asset in the Central African Republic. It was recently approved as legal tender in the African state following a proposal from key lawmakers (source)
📈 Markets and Ecosystem
📌 The downturn in the crypto market could lead to new M&A opportunities, according to Galaxy Digital's top deal maker (source)
📌 Forced selling from Bitcoin miners could put downward pressure on BTC price, but the use of renewable energy and the oil and gas industry’s growing interest in BTC are longterm positives (source)
📌 As per Glassnode, Bitcoin hodling activity resembles prior market bottoms (source)
🀄️ NFTs and Metaverse
📌 NFT trading volumes declined 74% from the month of May to June,as per data by Block Research (source)
📌 OpenSea, the largest NFT marketplace in the world, has cut its workforce by 20% to reduce costs (source)
📌 Despite the sluggish market, CryptoPunks have continued their strong performance, with a $2.6M sale this week (source)
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