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BUSD Sees $5 Billion Reduction in Supply in 24 Days, Relationship With Turkish Lira Continues
6.1.2023
According to statistics, the stablecoin BUSD saw a significant drop in its supply over the past 30 days, shedding roughly 23.8% from Dec. 5, 2022, to Jan. 6, 2023. Since Dec. 13, 2022, BUSD’s supply has been reduced by more than $5 billion, going from $21.84 billion to its current level...
Case for Bitcoin Weakens as Global Stockpile of Sub-Zero Bond Yields Vanishes
6.1.2023
Back in late 2020, analysts regularly cited the towering stockpile of negative-yielding debt as a source of bullish momentum for bitcoin
Crypto Brokerage Genesis Global Trading Asks for More Time to Resolve Lending Issues – What is Going On?
5.1.2023
Derar Islim, the interim CEO of crypto brokerage Genesis Global Trading, has told clients that they need more time to resolve the financial crisis plaguing its lending business.
In a statement on Wednesday, Islim claimed that they will be able to sort out the current tough financial position...
Here’s how Bitcoin promotes global financial inclusion, according to Prince Philip of Serbia
4.1.2023
Prince Philip of Serbia outlines key ways in which Bitcoin promotes global financial inclusion and its importance in conflict-affected nations
Demand for Arbitration Filed Against Genesis Global Capital, DCG — Firm Accused of ‘Ochestrating a Sham Transaction’
3.1.2023
Three Gemini Earn users have accused Genesis Global Capital of breaching a contract and have subsequently filed a demand for class arbitration with the American Arbitration Association. In addition, the three users assert that all transactions “constituted unregistered sales...
2022 in Review: ViaBTC Capital Gathers Momentum and Delivers Win-win Results
3.1.2023
PRESS RELEASE. As financial markets worldwide confront major challenges, the crypto market has remained sluggish in 2022. Meanwhile, along with the slowing global economic growth, the crypto market has also entered a prolonged bear period. Despite the continued sluggishness of crypto this year,...
Crypto Expo is going global in 2023
2.1.2023
Crypto Expo is a premier virtual asset and Blockchain exhibition with the conference, organized by HQMena announced its events in Dubai, Singapore, and Miami in 2023 with its large audience attending globally. Digital assets and Blockchain Technology continue to stay and are heading to a new shape...
IMF Warns of Tough Year Ahead for World Economy Citing Slowdown in US, EU, China
2.1.2023
The International Monetary Fund (IMF) has warned that 2023 will be a tougher year for most of the world economy because the U.S., EU, and Chinese economies are all slowing down simultaneously. “We expect one-third of the world economy to be in recession … Even countries that are not...
Top 3 Macroeconomic Events to Watch in 2023 Amid Volatile Market Conditions
1.1.2023
2022 was a tough year for crypto assets, and as the world welcomes 2023, the macroeconomic backdrop remains uncertain. Macroeconomic events will continue to shape the crypto economy and the economy as a whole. This editorial takes a look at the top three macroeconomic events to keep an eye on...
Global Cryptocurrency Trade Volumes Saw a Significant Decline in December 2022
1.1.2023
According to statistics, daily cryptocurrency trade volumes have dropped significantly during Dec. 2022. On Jan. 1, data shows that $22.95 billion was traded in the last 24 hours, compared to double that amount, $54.78 billion, two weeks earlier. On November 8, 2022, 54 days prior, amid the...
Indian Central Bank: Developing Global Crypto Regulation Is a Priority for G20 Under India’s Presidency
1.1.2023
The Reserve Bank of India (RBI) says one of the priorities for the G20 under India’s presidency is to “develop a framework for global regulation, including the possibility of prohibition, of unbacked crypto assets, stablecoins, and defi.” The Indian central bank warned that...
Dollar Loses to Digital Currencies in 2023, Former Russian President Medvedev Says
30.12.2022
Digital fiat currencies will spread next year while the U.S. dollar will be losing its status of global reserve currency, according to Russia’s former head of state. In a string of tweets, Dmitry Medvedev gave his two cents on what the future holds for the world, a “humble contribution,” as he...
Bank of India report calls for regulatory coordination on crypto market challenges
29.12.2022
The RBI’s latest financial stability report accentuated the negative about cryptocurrency and reminds the world that India is looking for global action on crypto regulation
Kraken Shutting Down Crypto Exchange in Japan Citing Weak Global Crypto Market
29.12.2022
Cryptocurrency exchange Kraken is shutting down services in Japan. The company explained that the current Japanese market conditions and a weak global crypto market do not justify the resources needed to further grow its business in Japan at this time. Kraken Exiting Japan Cryptocurrency exchange...
Executives from $1.5B South Korean crypto exchange fraud jailed
28.12.2022
The latest court action now takes the number of V Global execs behind bars up to seven, as the CEO, known as Mr. Lee was previously sentenced to a 22 year prison term
‘Oil Prices North of $200’ per Barrel — Investor Expects Oil to ‘Crush’ Every Investment in 2023
27.12.2022
Amid the dreary global economy, a number of market strategists and analysts believe oil will be the number one investment in 2023. While a barrel of oil is coasting along at prices between $80.12 and $85 per unit, Goldman Sachs analysts think oil will reach $110 per barrel for Brent oil,...
MEXC Global officially launches MEXC Mastercard to support global payment
27.12.2022
On December 27, MEXC Global, the world’s leading crypto-asset trading platform, officially launched the MEXC Mastercard, allowing cryptocurrency holders to use digital assets in daily payments. It is reported that the MEXC Mastercard can be directly connected to the user’s MEXC account...
Bitcoin, Ethereum Technical Analysis: BTC, ETH Consolidate on Monday as Markets Remain Sluggish Following Christmas
26.12.2022
Cryptocurrencies were mostly consolidating on Dec. 26, as markets remained muted following the Christmas weekend. Bitcoin remained marginally above a key support point at $16,800, whilst ethereum remained near a ceiling at the $1,230 mark. Overall, the global crypto market is up 0.20% as...
Bitget Introduces MegaSwap for a Re-Invented DeFi Experience
26.12.2022
PRESS RELEASE. Seychelles, December 26, 2022 – Leading global cryptocurrency exchange, Bitget launches “MegaSwap“, a new feature on its platform that enable the platform’s users to trade or swap their digital assets for over 10,000 cryptocurrencies on a DeFi environment....
JPMorgan: Crypto Is a Nonexistent Asset Class for Most Large Institutional Investors
25.12.2022
A strategist at global investment bank JPMorgan says crypto is effectively nonexistent as an asset class for most large institutional investors. “The volatility is too high, the lack of an intrinsic return that you can point to makes it very challenging,” he added. JPMorgan...