The U.S. dollar index flexes its strength in the new year, reaching levels not seen in two years. This rise is supported by the so-called ‘Trump Trade,’ the expectation of only two more rate cuts this year, and the weakness of other currencies in the basket. Dollar Index Inches Higher Powered by Trump Trade, Fed […]
PRESS RELEASE. Moonwalkers is revolutionizing the intersection of gamification and blockchain technology, blending innovation and expertise to create an immersive experience. Whether you’re a tech enthusiast or a casual gamer, this project offers an opportunity to combine gaming, fitness, and blockchain. By turning your steps into $MW tokens, Moonwalkers creates a world where every movement […]
In 2024, gold-based exchange-traded funds (ETFs) experienced outflows for the fourth consecutive year as investors preferred to shift to more lucrative alternatives. According to Bloomberg, the rise in gold prices and the Fed’s easing measures were insufficient for traders to maintain their gold positions, as these funds experienced a decline of over 2.5% in their […]
Binance has become a pioneering cryptocurrency exchange in Brazil following the approval of its acquisition of Sim;paul Investimentos, a securities brokerage platform. With this acquisition, Binance can now offer a full range of investment options, including securities, stocks, and funds for Brazilian customers. Binance Gets Greenlight For Sim;paul Investimentos Acquisition in Brazil Binance, one of […]
Excluding Dec. 1, daily transactions on the Bitcoin blockchain experienced a steep decline as the month unfolded. Between Dec. 2 and Dec. 31, a total of 12,105,415 transactions were recorded. Despite the drop, on Dec. 5, the network achieved a record high for the total dollar value of transactions processed in a single day in […]
PRESS RELEASE. In December 2024, HTX DAO announced the official launch of its governance forum, ushering in a new era of innovation for global crypto community governance. This move represents more than just a new feature; it also marked a historic step for exchanges, transitioning from traditional centralized management towards decentralized autonomous governance model. *Forum […]
Critics like John Quiggin question bitcoin’s legitimacy, comparing it to worthless assets, but the value of any commodity, including bitcoin, often depends on community recognition and market demand. The analogy of the diamond rush in Zimbabwe illustrates that value is often realized only when a market exists. Australian Treasurer Wants Country to Be Proactive When […]
China’s foreign exchange regulator has imposed stricter controls on cryptocurrency-related activities, requiring banks to monitor and report high-risk trades. The State Administration of Foreign Exchange (SAFE) mandates that banks track foreign exchange behaviors linked to underground banking, cross-border gambling, and illegal crypto transactions. These measures compel banks to assess the identity, funds, and frequency of […]
During the first week of December and the last month of the year, the leading cryptocurrency bitcoin crossed the $100,000 mark for the first time in history. Two weeks later, its value climbed past the $108,000 range. Meanwhile, 139 long-dormant bitcoin wallets, created between 2010 and 2017, stirred back to life after years of inactivity. […]
The year 2024 marked a pivotal chapter in the cryptocurrency market, characterized by unprecedented developments, record-breaking milestones, and evolving trends, as reported by Coin Metrics’ “State of the Network” analysis by Tanay Ved. Inside 2024’s Crypto Transformation The cryptocurrency industry experienced substantial growth in 2024, spurred by the launch of spot Bitcoin exchange-traded funds (ETFs) […]
Australian Treasurer Jim Chalmers believes cryptocurrency can modernize the country’s financial system. RBA Governor Skeptical of Bitcoin Australian Treasurer Jim Chalmers says cryptocurrency can help modernize the country’s financial system and should not be hindered by excessive regulation. While acknowledging legitimate concerns about crypto’s use by criminals, Chalmers noted that Donald Trump’s re-election has prompted […]
