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Bitcoin Price Prediction as BTC Sees $16 Billion Trading Volume Come In


Bitcoin (BTC) was trading near a recent price floor as the weekend began on a bearish note. Bitcoin is trading slightly lower on Saturday, below the 23.6% Fibonacci retracement level, with resistance at $17,250. An already negative trend has been reinforced by the continuous drop in BTC's price...

Australia Suspends Financial Services License of Local FTX Entity


Australia’s securities regulator has suspended the license of the Australian unit of the bankrupt crypto exchange FTX until mid-May. According to an issued statement, the platform will be allowed to provide limited financial services until Dec. 19 in order to terminate existing derivatives....

Queen Maxima of Netherlands Sees Multiple Benefits of Digital Euro


Queen Maxima of the Netherlands has outlined multiple benefits central bank digital currencies (CBDCs) could bring, particularly in the area of financial inclusion. “Governments could use a digital euro to channel financial support to low-income households. This would deepen longer-term...

Stablecoin GUSD’s Supply Jumps Close to 130% Higher in 30 Days


While the stablecoin economy has seen fluctuations from specific stablecoin tokens either increasing the project’s number of tokens in circulation or decreasing the supply, the stablecoin GUSD issued by Gemini has increased by 129.5% during the last 30 days. GUSD Sees Supply Balloon...

Saxo Bank’s avg. FX volume sees a monthly gradual fall


The currency market plays hide & seek, especially in October 2022. Saxo Bank reported a lower figure with larger disappointment in its Commodities section. The month-over-Month figure for average FX volume is 9%, down to $6.1 billion for October 2022. On the other hand, September 2022 painted...

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