Crypto news

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up Zambia is in the process of testing digital currencies like bitcoin. The country recently commented that these tests are almost finished, and that the nation is planning to use the results of the tests as a means of doling out solid crypto regulation once and for all. Zambia is Almost Done with Its Crypto...

For the past two weeks, Bitcoin has maintained its range-bound price movement. However, there are several indicators pointing toward an imminent breakout. Technical Analysis By Edris The Daily Chart The price has been consolidating within a narrow range on the daily timeframe for the last 7 days. This consolidation follows the market’s downward rejection at the $30K resistance level and the subsequent breakdown of the 50-day moving average of around $29K. Currently, the...

Per the IMF outlook, resilient demand in the context of declining energy prices can encourage a positive outlook for the UK economy in several ways. The International Monetary Fund (IMF) said it expects the United Kingdom to avoid a recession and maintain positive growth in 2023. According to a CNBC report, the IMF attributes this positive outlook to resilient demand and declining energy prices, which have encouraged economic growth. However, the IMF also characterizes the outlook as...

The report says that macro drivers favor MicroStrategy shares in terms of the de-dollarization of the world economy. The German investment bank Berenberg said that investors seeking exposure to cryptocurrencies are better served if they buy the shares of MicroStrategy than those of Coinbase. A Monday report revealed to the media said that macro factors associated with the shares of MicroStrategy Inc (NASDAQ: MSTR) give investors a higher possibility of being in profit than if they went for...

[PRESS RELEASE – Please Read Disclaimer] ScalingX, in partnership with distinguished sponsors ARPA and AELF, has concluded its highly successful and impactful event, The Hunt For X Demo Day. This exclusive event brought together visionary developers and innovators, providing them with a unique platform to delve into the boundless possibilities of Zero-Knowledge Proofing (ZKP) technology and Random Number Generation (RNG) as groundbreaking solutions for scaling blockchain...

Bitget secured regulatory licenses as a virtual asset service provider in Poland and Lithuania, witnessing significant growth and positioning itself among the Top 4 centralized crypto exchanges. Earlier on Tuesday, May 23, crypto exchange Bitget announced that it has successfully registered as a virtual asset service provider (VASP) in Poland. Securing this regulatory license will allow Bitget to operate legally in the Polish market. Amid the current market scenario, Bitget has been...

Indian retail giant Reliance JioMart has begun its layoff plan, which is expected to last several weeks and impact 10,000 employees.  Reliance Retail’s versatile online shopping platform JioMart recently began a mass layoff, which could affect up to 10,000 workers. This week reports state that JioMart had already laid off 1,000 employees, with another 9,000 more job cuts to follow in the coming weeks. The Indian retail giant opted for this mass downsizing to better its margins amid a...

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up The Niagara Falls Planning Board in New York is permitting a crypto mining facility known as Block Fusion to move forward with its blockchain and crypto extraction plans following a long legal battle. The company recently applied to set up quarters in the Empire State, and those on the planning board heard no...

Hong Kong will open crypto trading activities to retail investors starting June 1, 2023. Hong Kong’s Securities and Futures Commission (SFC) has released the results of its consultation paper on regulating crypto assets in the country. In an announcement on May 23, 2023, the financial watchdog said it received 152 submissions from key players in the industry, professional associations, and consultancy firms, greenlighting its proposal to allow licensed crypto exchanges to serve retail...

Several jurisdictions have made outstanding efforts to release standard crypto regulations to safeguard citizens and their assets. World securities and future market regulator, the International Organization of Securities Commissions (IOSCO) has introduced a global approach to regulating the crypto market and digital assets. According to the statement made to the press, the proposed recommendation is largely directed toward addressing concerns related to investor protection and market...