LTC Snaps Losing Streak, SOL Moves 7% Lower

• Litecoin (LTC) snapped its four-day losing streak on Feb. 22, rising for the first time since Saturday’s session when prices were above $100.00. • Solana (SOL) extended its recent declines, falling by as much as 7%. • Both coins remain subject to technical indicators, with LTC/USD struggling to break a downward crossover of the […]

4% of Spanish Companies Make the Leap into the Metaverse

• Only 4% of companies in Spain have moved to offer services in the metaverse. • 40% of business managers surveyed admit it is difficult to bring parts of their business to the metaverse. • The Spanish government is investing 8 million euros ($8.5 million) in grants for developing metaverse-based experiences. Survey on Companies Moving […]

US Dollar Loses Safe-Haven Status, PIMCO Strategist Predicts

• Pacific Investment Management Company (PIMCO) expects the U.S. dollar to „continue to lose its appeal as the safe-haven currency of last resort“ in 2023. • PIMCO Strategist Gene Frieda warns that the USD’s yield advantage is likely to fall in the early stages of a rate-cutting cycle despite its relatively high yield. • Frieda […]

FTX Motion to Dismiss Turkish Subsidiaries from Bankruptcy

• FTX debtors have filed a motion to dismiss their Turkish subsidiaries from the Chapter 11 bankruptcy proceedings. • The lawyers of the defunct crypto exchange argue that doing so is in the best interests of creditors. • They also do not expect the Turkish government to cooperate with the U.S. bankruptcy process. FTX debtors […]