On December 14th, the US Federal Reserve announced another interest rate hike, causing the price of Bitcoin and other altcoins to fall. The previous day, the US Bureau of Labor Statistics published the November Consumer Price Index numbers,...
In a meeting with the Treasury Committee on Wednesday, Ashley Alder, the incoming chairman of the U.K. Financial Conduct Authority (FCA), criticized crypto firms like FTX for being "deliberately evasive." Alder, who is currently the CEO of Hong...
Binance has temporarily paused withdrawals of USD Coin (USDC) after customers withdrew over $2 billion in tokens from the exchange. The move has sparked concerns about the exchange's stability following the collapse of rival crypto exchange FTX. In...
Following the release of the U.S. inflation report on Tuesday, which confirmed that the Federal Reserve's (Fed) liquidity tightening is expected to slow, the outlook for risk assets, including stocks and bonds, is looking positive. This news has...
Nvidia, a leading technology company, specializing in AI and graphics, predicts that 2023 will be a pivotal year for the integration of the metaverse into the operations of automotive companies. The company sees two key ways in which...
Yesterday was particularly eventful in the cryptocurrency world, with the market showing signs of recovery. At press time, the total crypto market capitalization sits at around $880 billion, with Bitcoin (BTC) topping the $17,000 mark again. It appears...
Crypto platforms seeking registration in Canada will face stricter rules and regulations, according to an announcement by the Canadian Securities Administrators (CSA) on Monday. Under the expanded terms, crypto platforms operating in Canada will be prohibited from offering...
A country's overall economic activity is stagnant during a recession, which is a macroeconomic situation. All trading activities slow down during this period due to hyperinflation and other factors, causing GDP to fall sharply. Blackrock, the world's largest...
Organizations seeking to establish a presence in emerging technologies such as blockchain are not discouraged by the bearish crypto market and recent industry developments. The Bermuda-based Jewel Bank announced the launch of its stablecoin, Jewel USD (JUSD), on...
Blockchain technology is still moving forward despite the current bear market and the recent failure and bankruptcy of several significant crypto firms. Despite the recent events, crypto is aggressively being promoted for global adoption and accessibility. Although it...
