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Zaragoza is the first Spanish city to publish NFT

Zaragoza is the first city in Spain to publish NFT, a new form of digital property that is gaining ground around the world.

DTVs are a new form of digital ownership that allows users to own an item of digital content just as they would a physical item. It’s also an investment – the value of NFT increases as more and more people use it and join the community.

The Zaragoza City Council has recently become the first official body in Spain to implement NFTs. During the Fiestas del Pilar, visitors to its venue were able to win the NFTs of Cabezudos de la Pilara, El Berrugón and La Forana, three cultural events taking place in Zaragoza.

NFTs are not only fun to collect, they also offer significant benefits to governments in terms of engaging with their citizens. These digital objects can be used ​​in public spaces to interact with citizens and promote interaction between government and its citizens. Citizens can use them to contribute positively to the community.

Buy virtual land

In addition, you can purchase virtual terrestrial NFTs in Zaragoza with Next Earth technology.

Next Earth is a virtual Earth replica that allows you to purchase NFTs that are assets from digitally simulated locations. You can buy virtual real estate, such as land in the city of Zaragoza, with BNB, the native Binance Smart Chain token.

Importantly, these virtual properties in Next Earth are not just for Zaragoza: anyone can buy land in the city of their choice.

And now, anyone who has followed this space will know what it means to have “bought” a house or land. But what about those who didn’t pay attention?

Get your feet wet with virtual real estate

Next Earth is the first blockchain-powered platform that allows you to purchase NFTs (Non-Fungible Tokens) that are assets from digitally simulated locations.

The blockchain ensures that each property is unique and cannot be replicated. It also allows the exchange between users who want to buy or sell virtual real estate. In fact, this is how Next Earth’s revenue is generated. Additionally, 10% of every purchase goes to environmental causes such as The Ocean Cleanup, Kiss the Ground and Amazon Watch.

Virtual real estate is a great way to get started in the NFT space, as you can see what it’s like to own something before you buy a collector’s item or property, like a house. You’ll understand the pros and cons of owning a DTV before making any kind of purchase, whether it’s real estate, artwork, digital movies, or anything else.

Let’s take a look at some of the benefits of owning virtual land.

Benefits of virtual real estate

Virtual real estate allows you to become an owner without having to invest in physical property. Many people don’t have enough money to buy a property, but they do have money to buy virtual real estate. This gives them the ability to buy from the market with just their cryptocurrency.

Additionally, virtual real estate provides an easy way for people new to cryptocurrencies or blockchain technology to familiarize themselves with this exciting space. If you’ve always wanted to learn more about cryptocurrencies but didn’t know where or how to start, purchasing virtual land at Next Earth is a great place to start!

Finally, virtual real estate gives users a tangible representation of their favorite city that they can use and even trade like a traditional currency. You may not be able to visit Zaragoza in person anytime soon (unless you’re very lucky), but you can go online and “visit” it living virtually there in Next Earth.

Zaragoza is a Spanish city known for its public market, numerous museums and historical monuments. Want to get started in real estate? The Zaragoza conspiracies are suspended. Or maybe you prefer to buy land in France. All of this is now possible with the advent of NFTs, and you won’t have to move away from your computer screen to reach them.

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Where to buy a Bitcoin ETF

The first Bitcoin exchange-traded fund (ETF), offered by ProShares, launched on Tuesday this week. It is traded under the symbol BITO and will allow equity investors to gain exposure to the digital currency without having to purchase it on a crypto exchange.

How and where to buy Bitcoin ETFs
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What is the Bitcoin ETF?

Before buying Bitcoin ETF (BITO), one must first distinguish between Bitcoin and Bitcoin futures. In essence, a futures contract for any asset is simply an agreement to buy or sell the asset on a future date and at a predetermined price.

Now, buying Bitcoin ETF means you are buying a stock whose value fluctuates based on the price of Bitcoin futures contracts traded on the Chicago Mercantile Exchange.

Should I buy Bitcoin ETF today?

Many professional fund managers agree that it is a reasonable strategy not to invest more than 5% to 10% of your total portfolio in crypto assets. Buying the new BITO Bitcoin ETF is ideal for many investors who want to be exposed to Bitcoin but do not want to go through the process of opening a crypto account.

Bitcoin ETF Price Predictions

According to experts at Fundstrat Global Advisors, the price of Bitcoin could exceed $ 166,000 by the end of 2021. However, the price of Bitcoin does not necessarily correlate with the price of ETFs, which is confusing.

This is because futures contracts are not directly backed by physical Bitcoin, but rather by a derivative of Bitcoin. For example, Bitcoin can gain 40%, but Bitcoin ETF can only increase by 30%. This is because future ETFs have contracts that expire periodically and must be redeemed.

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BITO Bitcoin ETF becomes the fastest ETF to reach $1 billion in assets under management

The Bitcoin-linked ProShares ETF reached $1 billion in assets under management in just two days.

Bitcoin-linked ProShares ETF reached $1 billion in assets under management in just two days, a record for the ETF industry.

The Gold GLD ETF held the previous record, having surpassed the $1 billion mark in three days after its launch in 2004.

A second future bitcoin ETF is due out next week.

The ProShares Bitcoin Strategy ETF ($BITO), the first exchange-traded bitcoin-linked fund in the United States, became the fastest ETF to reach the $1 billion asset under management (AUM) mark.

The previous record holder, the GLD Gold ETF, took three days to break ten figures and $BITO did so in just two. Since it was launched yesterday, the fund has turned over $2 billion in volume.

BITO was launched yesterday as an alternative investment vehicle for retail and institutional investors interested in indirect exposure to bitcoin. The fund invests in bitcoin futures rather than real BTC, therefore the appreciation of the fund’s share price may not match the price of bitcoin in the cash market.

An ETF investing in bitcoin futures rather than owning BTC was a trend spurred by Securities and Exchange Commission (SEC) chairman Gary Gensler. In September, Gensler said that offers seeking exposure to bitcoin through CME-regulated futures would be more likely to pass, citing concerns about “investor protection.”

A little over a month later, the first BTC-linked ETF began trading in the United States. 25

It is doubtful that a bitcoin futures ETF offers a higher level of investor protection than a spot BTC. Either way, investors can opt for the highest level of protection by buying and holding real bitcoins themselves. While it’s a subtle activity, learning how to become financially sovereign with Bitcoin is an opportunity that is sure to pay off in the long run.

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Ethereum looks like it’s about to explode when 400,000 ETH leaves Coinbase

The string data shows that the Coinbase crypto switch took a 400,000 Ethereum pullback yesterday. This could be a sign of institutional investor activity and could result in a bullish currency.

Coinbase sees 400,000 ETH outputs

As reported in a CryptoQuant article, around 400,000 ETH (1.5 billion at the current exchange rate) were taken out of the Coinbase crypto swap yesterday.

The indicator used here is the Ethereum Outflow, which shows the total number of coins that come out of the stock exchange wallets.

When the metric shows a large increase, it means that a large amount of ETH has been removed from the exchange. Investors often withdraw many currencies to store or sell them through over-the-counter contracts.

Therefore, steady exits could mean that there is buying pressure in the market and investors are bullish on Ethereum.

Here is what the indicator chart looks like for the Coinbase encryption switch:

ETH exit showed big bullishness yesterday | Source: CryptoQuant

As the chart above shows, the Coinbase cryptocurrency exchange peaked at 400,000 Ethereum in outflows yesterday.

These large outflows could be a sign of activity on the part of institutional investors, as normal holders certainly won’t have as many currencies to move.

Related reading | Crypto Only: Crescent Lists Potential High Drivers for Bitcoin and Ethereum in Q4 2021

Institutional investors optimistic about ETH could mean big things for cryptocurrencies. If ETH is to take the next step, it will need a lot of money, which often means that whales, as well as institutional investors, need to get involved.

As these exits already indicate that institutional investors are pulling their currencies off the stock exchanges to possibly bail them out, the outlook for ETH looks optimistic.

Ethereum Price

As of this writing, the price of ETH is around $59.9K, a 9% increase over the past seven days. Over the past thirty days, encryption has accumulated 25% profit.

The following chart shows the currency price trend over the last five days:

ETH price rises to approach $4,000 bar | Source: ETHUSD on TradingView

ETH has given a big boost in recent days as the currency now approaches a test of the $4,000 mark. At the moment, it is unclear whether ETH can maintain that momentum and soon reach a new all-time high (ATH), or if it will fail again.

Related reading | TA: Ethereum follows Bitcoin, why ETH could go up to $4K

If exits are something to cross, the general sentiment appears to be bullish and institutional investors who get involved can help with the huge price that drives cryptocurrencies to break major resistance lines.

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Crypto Finserve Bakkt will be listed on the New York Stock Exchange Soon

Effective October 18, Bakkt’s common shares and warrants will be listed on the New York Stock Exchange under the symbols “BKKT” and “BKKT WS”, respectively.

Bakkt’s public listing is the result of a merger with VPC Impact Acquisition Holdings, a Chicago-based special-purpose acquisition company. According to an official statement, a shareholders meeting on the merger had an approval of around 85.1% for the business combination:

"At closing, the Combined Company's Class A common shares and warrants shall commence trading on the New York Stock Exchange ("NYSE") under the symbols "BKKT" and "BKKT WS", respectively."

In addition, the business combination generated gross revenues of approximately $448 million for Bakkt, which is expected to be reinvested in developing the company’s capabilities and partnerships.

Last week, the Bakkt cryptocurrency exchange announced a partnership with Google to enable the purchase of goods and services using Bitcoin (BTC) and other cryptocurrencies through the Google Pay platform. According to Bakkt CEO Gavin Michael, the partnership “demonstrates Bakkt’s strong position in the digital asset market, to enable consumers to enjoy their digital assets in real time, with security and reliability.”

In March, Bakkt launched a payments app that allows users to make purchases using cryptocurrencies, before which the exchange offered BTC futures exclusively to accredited investors.

Related: US Legislator Proposes Safe Haven for Digital Tokens in New Bill

The adoption of cryptocurrencies by the general public in the United States is gaining more support from lawmakers as a new bill requires a safe haven for certain symbolic projects.

A new bill proposed by North Carolina House Representative Patrick McHenry, “Clarity for the Digital Tokens Act of 2021”, suggests amending the 1933 Securities Act that allows projects to offer tokens without registration for up to three years old.

The bill builds on an earlier initiative by SEC Commissioner Hester Peirce, in which she highlighted that “Safe Harbor may be the most revolutionary development for the US cryptocurrency market to date.”

Bakkt Holdings, the digital asset management arm of the Intercontinental Exchange (ICE), has announced that it will soon become a company listed on the New York Stock Exchange starting October 18th.