Bitcoin reached a month-high

The bitcoin exchange rate has risen to a monthly maximum, and the Coinbase cryptocurrency exchange is suspending its partner program in the United States – these and other news from the world of digital currencies are in our review. 

• The rate of the most popular cryptocurrency rose to a maximum in a month. The current bitcoin quote is $22,844. On some exchanges, the currency even reached $22,990. 

Despite the local growth, analysts believe that the «bearish» cycle observed today may last for about 4 more months. These assumptions are based on a comparison of the current market situation with previous cycles in the history of cryptocurrencies.

• Cryptocurrency exchange Coinbase is temporarily closing a program to attract new users in the United States in order to reduce operating costs amid the ongoing crypto winter. 

The participants of the affiliate program have received notifications that the program is being closed, and compensation for their costs and commission will no longer be paid.

• One of the potential critical hubs of the UAE, against the background of the global growth of Web3 (the decentralized Internet of the future), is launching a project for the development of the metaverse, primarily aimed at artificial intelligence. The aim of the project is to transform the Emirate of Dubai into one of the 10 leading economies of the metaverse in the world.