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US Inflation Data Eases Concerns; Crypto Economy Jumps 11% Higher While Market Analysts Anticipate Fed’s Next Decision
14.3.2023
The U.S. Labor Department released the consumer price index (CPI) report on Tuesday. Although inflation increased in February year-over-year, the rise was expected, and the annual inflation rate for all items was 6%. The cooling inflation has eased some concerns, but fears of financial contagion...
Microsoft Signs Another 10-Year Call Of Duty Deal
14.3.2023
Microsoft signed another 10-year agreement to spread Activision Blizzard titles like Call of Duty—this time, to international cloud gaming service Boosteroid, the company announced in a post earlier today. The dogfight that has been Microsoft’s nasty, scrutinized plan to buy Activision Blizzard...
Meta Discontinues NFTs on Facebook and Instagram Less Than a Year After Launch – Here’s the Latest
14.3.2023
Facebook parent company Meta has decided that, less than a year after kicking off the functionality allowing to buy and sell non-fungible tokens (NFTs) via its two flagship platforms, Facebook and Instagram, it will shut down NFT trade, as announced by senior company representatives. ...
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Hawex Group took part in the biggest digital currency event this year: Crypto Expo 2023 in Dubai
14.3.2023
Over 10 thousand people interested in digital currency and fintech technologies met at one event to learn about current digital market trends. Experts and guests of the conference spoke about everything from investing to the best stablecoins and NFTs. Fintech company Hawex introduced its products...
Which Crypto Has 100x Potential This Year?
14.3.2023
The cryptocurrency market has gained by 7% in the past 24 hours, with its total cap rising to $1.124 trillion as the unfolding banking crisis appears to be increasing investor demand for Bitcoin and other tokens.
While the market as a whole is up, some coins have performed better than others...
Bitcoin, Ethereum Technical Analysis: BTC Nearing $25,000 as Banks Face Exodus of Deposits
14.3.2023
Bitcoin moved closer to $25,000 on Tuesday, as banking withdrawals rose following the collapse of Signature Bank and Silicon Valley Bank. Reports suggest that withdrawals at the likes of JPMorgan and Citibank are nearing a ten-year high. First Republic Bank has been another major firm to fall, with...
DeFi Privacy Bridge Aztec Connect Sunsets After Less Than a Year
13.3.2023
The backing Aztec Network is open sourcing the bridge and moving on to next-generation products
Bitcoin futures premium falls to lowest level in a year, triggering traders' alerts
13.3.2023
On March 12, Bitcoin futures traded 5.5% below regular spot exchanges, causing volatility in derivatives markets
GameStop Meme Stock Movie Dumb Money Out Later This Year
13.3.2023
GameStop’s Hollywood moment is finally coming this October. Sony announced its dramatization of the video game retailer’s meme stock explosion will hit theaters in October, starring Paul Dano, Seth Rogen, Pete Davidson and more. It’s called Dumb Money. I hope it lives up to it.Read more
Binance Trains Ukraine’s Cyberpolice and Security Service
12.3.2023
Crypto exchange Binance has organized training courses for representatives of law enforcement authorities in Ukraine. The leading coin trading platform has been involved in dozens of similar initiatives over the past year, in a number of countries. Binance Provides Crypto Training to Security...
USDC Volatility Lifts Bitcoin's Coinbase Premium to 3-Year High
12.3.2023
Coinbase premium is usually taken to represent stronger buying pressure from stateside investors. But that's not the case this time
Nigerian Banks Resume Dispensing Recently Demonetized Naira Banknotes
11.3.2023
According to local reports, Nigerian financial institutions have begun abiding by a Supreme Court ruling that invalidated the Central Bank of Nigeria (CBN)’s demonetization of the 1,000, 500 and 100-naira banknotes. According to the court, Nigerian residents will continue to use...
Biden Budget Proposal Targets Crypto Investors Using Like-Kind Exchange Provision; Plan Aims to Tax Crypto Miners 30%
10.3.2023
On Thursday, the Biden administration released the U.S. president’s 182-page budget proposal for the fiscal year 2024, which aims to “grow the economy from the bottom up and middle out.” The budget includes an $835 billion increase in military spending, but the administration...
Bitcoin Options Market Turns Most Bearish on Short-term BTC Outlook This Year as Prices Slump Towards $20K
9.3.2023
In wake of Bitcoin’s latest slide below the $21,000 level on Thursday as traders mull headwinds including a growing liquidity crisis amongst major crypto-friendly banks and ongoing macro headwinds as the US Federal Reserve signals risks, Bitcoin options have turned their most pessimistic on...
Terra Luna Classic Price Prediction as $50 Million Trading Volume Comes In – Can LUNC Recover This Year?
8.3.2023
Terra Luna Classic (LUNC) continues to endure bleed-out price action, as authorities in Singapore open investigation into Do Kwon - can LUNC recover?
A jaw-dropping surge of volume in the past 24 hours could be the catalyst LUNC needs for a bounce - with $57m in trading volume ripping through...
Payments Technology Firm Nuvei Q4 Crypto Revenue Drops 58% From Year Ago
8.3.2023
The sharp drop is set against revenue growth of 4% from $211.9 million to $220.3 million across the whole of Nuvei's business
Hong Kong's losses to crypto scams doubled to $217M last year: Report
7.3.2023
Crypto-related scams in Hong Kong reportedly accounted for more than 50% of the total $407 million stolen from city residents in tech crimes in 2022
Multicoin Capital’s Hedge Fund Lost 91.4% Last Year, Investor Letter Reveals
4.3.2023
The fund’s performance was severely impacted by direct exposure to now-bankrupt crypto exchange FTX and holdings in FTT and Solana-based tokens
Spanish Tax Agency Puts Crypto in Its Sights for the Upcoming Tax Season
3.3.2023
The Spanish tax agency has included crypto as part of its new guidelines for this year’s upcoming tax collection season. Apart from boosting the channels for voluntary tax applications, the agency will potentiate the investigation of cryptocurrency in digital payments, including potentially...
XRP Price Prediction as Ripple CEO Prepares for SEC Lawsuit Conclusion 'This Year' – Can XRP Reach $10?
3.3.2023
The XRP price has dropped by 3% in the past 24 hours, falling to $0.367287 as the market reels from concerns over the financial health of Silvergate Bank. Its current level means that it has declined by over 5% in a week and by nearly 10% in the last 30 days, although it remains 8% up since...