Ubisoft as a key player in NFT?

Ubisoft, one of the biggest game developer companies with a revenue of 1.6 billion dollars annually, is eyeing an entrance to NFTs. The company has stated that it wants to be a leader in this sector and plans to develop new games with Play-to-earn business model. Blockchain technology should play a key part in this transition as well.

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New luxury crypto card released

Bitcoinblack has just released a new crypto card in cooperation with Visa. The card should have no spending limit policy and will be issued only to 10 000 people. It will offer different benefits and perks for the high-net-worth individuals in the cryptospace from access to luxury mansions, airport lounges, private jets any much more.

Duke Energy exploring Bitcoin mining

Duke Energy, the second largest power company in the United States, is reportedly studying Bitcoin mining. The results of this research should help the company with onboarding of the miners on the grid. Before that, the company is going to test its findings on micro-grid with different energy sources.

3AC filing for bankruptcy in the US

Three Arrows Capital, one of the biggest crypto hedge funds, has been in rather unpleasant conditions for few weeks now. The situation forced 3AC to file for bankruptcy in the United States. The step should protect the company from losing assets to liquidators as it protects US assets. The future of the company remains uncertain.

The worst quarter in the history of BTC

Bitcoin has lost around 56 % of its price in the past three months, which means that it has closed the worst quarter in its history. Until now, the worst quarter was the Q1 of the year 2018, when BTC lost about 50% of its price after it reached ATH. Yet, many view this as an excellent opportunity for buying and DCA.

SEC rejected Grayscale’s Bitcoin ETF – lawsuit incoming

The US Securities and Exchange Commission has rejected yet another Bitcoin spot ETF. The proposed move from Grayscale to switch Grayscale Bitcoin Trust (GBTC) to Bitcoin ETF was rejected due to failure to meet the required standard to prevent fraud and manipulation. Grayscale decided to take this decision to the court and sued SEC immediately.

MicroStrategy purchasing more bitcoins

MicroStrategy, one of the best-known companies in the cryptocurrency world thanks to its purchases of Bitcoin as well as its CEO, Michael Saylor, has purchased another batch of bitcoins. The company recently bought 480 bitcoins for $10 million dollars. All in all, MicroStrategy has almost 130 000 BTC, bought at an average price of $30 644.

More market movers

AstraZeneca buying TeneoTwo

Just moments ago, AstraZeneca has stated that it will buy a biotechnology firm TeneoTwo for 1.27 billion dollars. The move should help with the "cancer portfolio" of AstraZeneca, since the U.S.-based TeneoTwo has been testing some experimental treatments such as T-cell engager, which are used to fight the cancerous cells.

EU trying to lure IPO investments

The EU Listing Act, which is supposed to be put forward by the end of this year, should help incentivize mainly deep technology companies to open up and raise funds in Europe. The main reason behind attracting an expected 47 billion dollars is the ease with which the founders will be able to keep the control over the firm once it goes public.

New luxury crypto card released

Bitcoinblack has just released a new crypto card in cooperation with Visa. The card should have no spending limit policy and will be issued only to 10 000 people. It will offer different benefits and perks for the high-net-worth individuals in the cryptospace from access to luxury mansions, airport lounges, private jets any much more.

Israel CB significantly hiking rates

Interest rate hikes by central banks can be seen all over the world. The Israel central bank is yet another institution that has decided to tackle the inflation by hiking the interest rates. The monetary committee of the country decided half a percentage point rate hike, from 0.75 % to 1.25 %, which is the biggest move since 2011.

Duke Energy exploring Bitcoin mining

Duke Energy, the second largest power company in the United States, is reportedly studying Bitcoin mining. The results of this research should help the company with onboarding of the miners on the grid. Before that, the company is going to test its findings on micro-grid with different energy sources.

Almost 60 000 Teslas with a glitch?

According to Germany's road traffic agency, almost 60 000 Teslas model Y and 3 may have a glitch. The software flaw can cause a breakdown of the eCall, which are designed to contact emergency responders in the event of a serious accident. KBA, the German watchdog that specified found this glitch, stated that 59 129 vehicles can have this problem.

News

SAS files for bankruptcy protection in the US

SAS had to file for bankruptcy protection in order to reduce its debts and restructure. This was after a strike by more than 1,000 pilots.

EUR/USD collapses as German economy faces implosion

The Euro continues in its downtrend as everything points to further losses amid an incoming severe economic depression.

Grain from the Ukrainian war zone will be exported

In Ukraine's Zaporizhzhya region, which is partly under Russian control, an agreement has been reached to allow grain to be sold abroad.

Uniper shares weaken significantly after negative news

German gas giant Uniper SE is reportedly in talks with the government over a possible rescue package of up to 9 billion euros ($9.4 billion).