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Meta Announces Canada Metaverse Hub

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Today’s Cryptocurrency Headline

Meta (formerly Facebook), announced a new engineering center in Canada to build the metaverse and drive a new generation of immersive online social experiences. Headquartered in Toronto, the engineering center is expected to employ as many as 2,500 people. Meta pointed out that the majority of the new roles are engineering-focused, specifically aimed at reality experience and “Meta technologies”. It is also building new teams for apps like WhatsApp and Messenger. Meta also announced a further $510,000 unrestricted grant to Canadian research laboratories.

BingX’s Bitcoin Chart

Source: TradingView& BingX

The Goldman Sachs report shows strong growth in institutional interest for  cryptocurrencies. A recent survey showed that more than half (51%) of the institutions surveyed are exposed to cryptocurrencies, up from 40% last year. Bitcoin was trading around $47,125 at press time and is roughly flat over the past 24 hours. The relative strength index (RSI) is near the overbought zone, and The Crypto Fear & Greed Index entered “greed” territory, indicating the sentiment among crypto traders is bullish.


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