Crypto Espresso: Your quick shot of the latest crypto moves and news

Your quick shot of the latest crypto moves and news, the Crypto Espresso is brought to you by Capital.com Australia (AFSL 513393), a multi-award winning global investment trading platform.

Morning, Coinheads.

It. Is. Fri. Day.

BTC erases gains; Dubai adopts first virtual assets law

Capital.com: Bitcoin erased most of the gains it got on the back of the US government’s outlining its pro-crypto strategy. BTC was trading around US$39,000 in Europe on Thursday morning.

Metaverse real estate investors face valuation puzzle

Capital.com: Decentralised worlds such as Decentraland, The Sandbox, Cryptovoxels, and Somnium Space operate with fixed parcels of land. Despite this ambiguity, interest by investors in metaverse real estate is soaring.

Crypto developers: Biden order will benefit traders

People have been betting heavily on blockchain infrastructure start-ups, such as Alchemy, Amber and BlockDaemon, according to an industry expert in an interview with Capital.com.

Flexa’s AMP crypto price prediction

Capital.com: So what’s next for Flexa’s AMP? Can it can gain momentum and break out of its decline? If so, what is a realistic target price for the near future?

Biden administration: Crypto poses serious 401(k) risks

CNBC: Cryptocurrencies such as Bitcoin and other digital assets like non-fungible tokens pose “significant risks and challenges” to 401(k) investors, including fraud, theft and financial loss, the US Department of Labor said on Thursday.

Report: Trading in NFTs spiked 21,000% to $17bn

CNBC: People also got better at making money from NFTs, generating a total $5.4 billion in profits through sales of the tokens in 2021.

This article was developed in collaboration with Capital.com Australia (AFSL 513393), a Stockhead advertiser at the time of publishing.