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China’s Shandong Province Introduces Digital Yuan Loan for Entrepreneurs
11.3.2024
Shandong Province offers entrepreneurs digital yuan loans, indicating China's push for digital economy amidst discussions on legal frameworks at the ongoing national legislative conference.
The post China’s Shandong Province Introduces Digital Yuan Loan for Entrepreneurs appeared first...
U.S. Added 275K Jobs in February; Unemployment Rate Unexpectedly Rose to 3.9%
8.3.2024
So far in 2024, bitcoin's concerns about the path of the economy or interest rates have taken a back seat to the overwhelming demand from the spot ETFs
Jeju Island, South Korea, Eyes NFT-powered Growth
6.3.2024
Jeju Island, a subtropical province off the South Korean mainland’s south coast, says it wants to use non-fungible tokens (NFTs) to transform its economy.
The post Jeju Island, South Korea, Eyes NFT-powered Growth appeared first on Cryptonews
Stablecoin Giant Tether Hits $100 Billion Market Cap Amidst Crypto Market’s Surge
5.3.2024
As the cryptocurrency market swells to a valuation of $2.6 trillion, the leading stablecoin, tether, has achieved a market cap of $100 billion. Beginning from the start of 2024, tether has seen an addition of 8.27 billion tokens to its supply. From $300K to $100 Billion: Tether’s Meteoric...
FLR and UNI Spearhead This Week’s Crypto Gains as Token Economy Holds Above $2 Trillion
26.2.2024
In the last week, 23 cryptocurrencies experienced notable gains against the U.S. dollar, with flare (FLR) and uniswap (UNI) leading the charge. Concurrently, dymension (DYM) and helium (HNT) saw significant declines over the same period. FLR and UNI Lead Gains in a Diverse Week for Cryptos, Despite...
Leveraging Web3 to Incentivize Fitness Behavioral Changes — Co-Founder of Sweat Economy Oleg Fomenko
25.2.2024
The start of every year presents an opportunity for new beginnings. Many people set out with ambitions to hit the gym, exercise regularly, or walk more instead of driving. Sadly, it’s estimated that it takes the average American just seven weeks to lose motivation and abandon their New Year’s...
Robert Kiyosaki Expects Bitcoin to Hit $100K by June This Year
20.2.2024
Rich Dad Poor Dad author Robert Kiyosaki expects the price of bitcoin to reach $100,000 by June this year. This prediction aligns with his earlier forecast of bitcoin’s rise and gold’s decline. Kiyosaki recently increased his bitcoin holdings in anticipation of a price surge fueled...
Japanese Government Plans to Relax VC Crypto Investment Rules
19.2.2024
VC crypto investment rules could be relaxed in Japan, where the government plans to allow venture capital firms to invest in Web3 companies. Per an official release from the nation’s Ministry of Economy, Trade, and Industry, and the media outlet CoinPost, the cabinet has approved a move that could...
Robert Kiyosaki Expects Bitcoin to Take off — Foresees Gold Crashing Below $1,200
18.2.2024
Rich Dad Poor Dad author Robert Kiyosaki has predicted that bitcoin and silver will take off while gold will crash below $1,200. He urges investors to prepare for the “biggest crash in history” which he forecasted in his book years ago. Emphasizing that the Federal Reserve...
Crypto Economy Hits $1.9 Trillion on Valentine’s Day Surge: DYM, STX, and SEI Lead Gains
15.2.2024
At the time of writing, the value of the crypto economy has reached $1.93 trillion, with bitcoin alone accounting for $1 trillion of this total. Bitcoin and ethereum have experienced increases of 4.2% and 5.3%, respectively. Meanwhile, a few crypto assets have posted even more significant gains...
Maker of Oreo and Cadbury Chocolates Joins Hedera Council to Accelerate Blockchain Adoption
14.2.2024
On February 14 the company behind Oreo and Cadbury Chocolate, Mondelēz International, announced that it’s joining the Hedera Council, the entity that governs the Hedera Network, “a sustainable public ledger for the decentralized economy.” This partnership, along with the 30 other...
How Indonesia’s Election Outcome Will Impact Crypto
14.2.2024
Indonesia, a trillion-dollar economy, is impossible to ignore. The country held its election on Wednesday with defence minister Prabowo Subianto and ex-governors Anies Baswedan and Ganjar Pranowo all competing to become the next president. In December, Indonesia’s Mayor Gibran Rakabuming...
Robert Kiyosaki Predicts ‘End of the American Empire’ Similar to Roman Collapse
11.2.2024
Rich Dad Poor Dad author Robert Kiyosaki has cautioned about the impending downfall of the American empire, drawing parallels to the decline of the Roman Empire. “The Roman Empire ended in the same way with massive gladiators entertaining chubby Romans while their bankers debased their...
Thailand Abolishes Value-Added Tax Previously Applicable on Digital Asset Trades
9.2.2024
The Thailand Finance Ministry has announced the removal of the previously applicable value-added tax on digital asset trading. This exemption, which took effect on Jan. 1, 2024, extends to regulated brokers, dealers, and authorized cryptocurrency exchanges. VAT Exemption to Bolster Thailand’s...
Argentine President Javier Milei Rules out Dollarization Process in 2024
8.2.2024
Javier Milei, the libertarian president of Argentina, has ruled out the possibility of applying his dollarization plan during 2024. In an interview with local media, Milei stated that while dollarization and the free convertibility of coins was the final goal of his administration, there was...
BIS Warns Against Unregulated Metaverse: A Call to Prevent Fragmentation and Corporate Control
8.2.2024
The Bank of International Settlements (BIS) has published a report calling on regulators to “future proof” themselves against the adverse effects of an unregulated metaverse on the digital economy. The 31-page report warns that future money and virtual environments run the risk...
Chainlink’s PYUSD Price Feed boosts PAXOS’ Tokenized RWA Economy
8.2.2024
Chanlink supports the PYUSD Chainlink Price Feed on the Ethereum mainnet in order to accelerate the promotion of PayPal USD, PayPal’s USD-backed stablecoin published by Paxos. Users can get decentralized, accurate, and reliable PYUSD market data on the blockchain with this current PYUSD Price...
Nigerian Currency Depreciation: Central Bank Head Reaffirms Commitment to Reviving Confidence in the Economy
8.2.2024
The Nigerian central bank remains committed to building confidence in the economy but that hinges on the implementation of “bold reforms” and residents’ help in easing pressure on the naira. However, critics have faulted the central bank’s policies including the devaluation...
Egypt Aims to Ease Pressure on Forex Reserves via $1 Billion Treasury Bill Auction
6.2.2024
Barely a month after raising $850 million from an auction of dollar-denominated treasury bills, the CBE was reportedly poised to raise $1 billion via similar instruments. The decision to hike overnight interest is said to be part of the central bank’s ongoing efforts to stabilize Egypt’s...
Fed Chair Powell Says US Government Is on ‘Unsustainable’ Fiscal Path
6.2.2024
Federal Reserve Chairman Jerome Powell says in the long run, the U.S. federal government is on an unsustainable fiscal path due to its ballooning debt growing faster than the economy. Moreover, the Fed chair cautioned that there will be some banks that have to be closed or merged out of existence....