Institutional investors shorting Bitcoin made up 80% of weekly inflows
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Institutional investors shorting Bitcoin made up 80% of weekly inflows

Institutional investors loaded up on a record $51.4 million worth of investment products offering exposure to shorting the price of Bitcoin (BTC) last week. According to data from the latest edition of CoinShares’ weekly “Digital Asset Fund Flows” report, there was $64 million worth of inflows for digital asset products between June 27 and July 1, with short BTC funds…

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Former Google CEO Eric Schmidt Is Skeptical About the Metaverse Concept – Metaverse Bitcoin News
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Peter Schiff’s Euro Pacific Bank Suspended by Puerto Rico’s Regulator — Schiff Insists No Evidence of Crime – Regulation Bitcoin News

Peter Schiff-owned Euro Pacific Bank has been suspended by Puerto Rico’s financial regulator. Schiff claims that there’s “no evidence of crimes,” warning that “accounts are frozen and customers may lose money.” Puerto Rico’s Regulator Suspends Peter Schiff’s Bank Euro Pacific Bank, owned by notorious bitcoin skeptic and gold bug Peter Schiff, has been suspended by the Office of the Commissioner…

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Former Google CEO Eric Schmidt Is Skeptical About the Metaverse Concept – Metaverse Bitcoin News
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Metaverse Domains Are Trending as Minting Goes Live on Quik․com – Sponsored Bitcoin News

sponsored Quik.com, a portal to the web3-optimized metaverse, is bringing firsthand knowledge of the .metaverse, .vr, .web3, and many other top-level domains to the web3 race. These domains on Quik.com are minted on blockchain technology and are featured to be stored as an asset in the user’s digital wallet and held, sold, or even exchanged if the owner wishes to.…

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Mining Charts Illustrate Bitcoin Market

Bitcoin’s price is down roughly 70% from its latest all-time high, and the mining sector is feeling the full weight of the ongoing bear market. Lots of fear, uncertainty and doubt (FUD) often spread far and wide about miners during bear markets, but the data about how these operators are affected and behave in this environment is simple. This article…

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Former Google CEO Eric Schmidt Is Skeptical About the Metaverse Concept – Metaverse Bitcoin News
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Brazil Creates Crypto-Dedicated Investigation Unit – News Bitcoin News

The public prosecution of the Federal District, located in the center-west region of Brazil, has launched its own cryptocurrency investigation unit. The newly formed unit will focus its activities on aiding other prosecutors in cryptocurrency investigations, and also educating consumers about the safe use of cryptocurrencies. Cryptocurrency Crimes Unit Launched in Brazil Cryptocurrency crimes have several traits that…

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ECB officials prepare for 'harmonization' of crypto regulations: Report
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ECB officials prepare for ‘harmonization’ of crypto regulations: Report

The European Central Bank, or ECB, will reportedly be preparing to implement a new law by warning European Union member states about the necessity of harmonizing regulations for crypto. According to a Sunday report from the Financial Times, the ECB was concerned about possible regulatory overlap between respective central banks in the EU and crypto companies as officials prepare to…

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Celsius pays down 143M in DAI loans since July 1
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Celsius pays down 143M in DAI loans since July 1

Celsius (CEL) has repaid a substantial amount of its outstanding debt to Maker (MKR) protocol since the beginning of the month, signaling that the troubled crypto lending platform was trying to stave off a complete collapse amid credible rumors of insolvency.  Since July 1, Celsius has repaid $142.8 million worth of Dai (DAI) stablecoins across four separate transactions, according to…

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Former Google CEO Eric Schmidt Is Skeptical About the Metaverse Concept – Metaverse Bitcoin News
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Dubai Is Preparing to Take Its Government to the Metaverse – Metaverse Bitcoin News

The Government of Dubai is preparing to make part of its offices available in the metaverse, according to reports. The country is currently seeking third parties to help it arrange the transition of some of its departments to the virtual world, per statements made at a metaverse event by Sharad Agarwal, chief metaverse officer of Cybergear. Dubai Reportedly Taking…

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Price of Bitcoin Exchange KuCoin's KCS Token Tanks Amid Insolvency Rumors
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Price of Bitcoin Exchange KuCoin’s KCS Token Tanks Amid Insolvency Rumors

The price of KuCoin (KCS), native token of the KuCoin cryptocurrency exchange, has tanked over the past seven days following insolvency rumors. At the time of writing, KuCoin was down 17.34% in the past week, trading for $8.75, according to CoinMarketCap.  KuCoin is the world’s fifth largest cryptocurrency exchange, with a 24-hour trading volume of $928 million. Its KCS token…

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Former Google CEO Eric Schmidt Is Skeptical About the Metaverse Concept – Metaverse Bitcoin News
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Analyst Says Duke Energy Corporation Is Studying Bitcoin Mining Applied to Demand Response – Bitcoin News

According to the lead rates and regulatory strategy analyst at Duke Energy Corporation, the second-largest U.S. energy corporation is currently studying bitcoin mining. Lead analyst Justin Orkney said that a bitcoin demand response (DR) study was being worked on and the energy firm is partnered with bitcoin miners that are enrolled in Duke’s DR programs. The Second Largest U.S. Energy…

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