The Consumer Price Index for December showed a gain that was in line with expectations, at 6.5%. The December CPI numbers were recently issued by the US Bureau of Labor Statistics. Minutes before the report was released, the cryptocurrency market was modestly positive, with most assets trading in the green.
January 12, 2023 1 min read
Binance, the biggest cryptocurrency exchange in the world, is now officially recognized as a legal entity in Sweden by the Swedish Financial Supervisory Authority for the purpose of managing and trading virtual currencies. Furthermore, after Italy, France, Spain, Poland, Cyprus, and Lithuania, this is the seventh EU country where the
January 11, 2023 1 min read
An email sent to investors on Tuesday revealed that Cathie Wood’s investment business, Ark Invest, had bought an additional 33,756 shares of Coinbase (COIN) on Tuesday. With a price of $43.23 per share approx, the total value of the acquisition is around $1.45 million. The money was invested in the
January 11, 2023 1 min read
On Monday, shares of the struggling Grayscale Bitcoin Trust (GBTC) jumped, bringing the trust’s discount to Bitcoin closer to BTC’s original price. The over-the-counter security saw a price increase of 11.56%, to $9.65, yesterday. As a result, the trust’s discount relative to the NAV of its Bitcoin assets shrank to
January 10, 2023 1 min read
The price of Shiba Inu, the second most popular meme in the world, has been on the rise since the outset of 2023. The Shiba Inu Ecosystem’s most recent improvements have had a significant part in this pricing increase. However, the most recent update from the biggest cryptocurrency exchange, Binance,
January 10, 2023 1 min read
The role of “Proof of reserves” is to ascertain that a financial institution has a 1:1 ratio backing of user funds with real assets. Blockchain companies are turning to third-party firms to audit their businesses and provide attestations to their assets and liabilities. This move has significantly grown following the
January 10, 2023 3 mins read
Gala price skyrocketed to the helm of crypto recovery with over 70% move to $0.0483. Moreover, the metaverse token has surprised the crypto audience with its trading volume surging by 569% to $1,538 million in 24 hours. GALA Price Skyrockets Over 70% in A Day Intriguingly, the optimistic outlook for
January 9, 2023 1 min read
Huobi Global, Justin Sun’s cryptocurrency exchange, has been said to be having financial difficulties and is facing a number of obstacles. As a momentous turn of events, Huobi’s branch in South Korea, Huobi Korea, reportedly opted to split out from the parent company. Furthermore, Huobi Korea reportedly wants to go
January 9, 2023 1 min read
On Monday, Paul Chan, Hong Kong’s Financial Secretary, reaffirmed the region’s dedication to developing into a major crypto powerhouse. To investigate the possibility of retail engagement in the sector. Hong Kong has also encouraged crypto firms and startups to provide services. As regulators are ready to give licenses to crypto
January 9, 2023 1 min read
The Shiba Inu cryptocurrency’s developers have hinted at a big announcement in collaboration with the Bugatti Group. Both companies have been mum on details, but a promotional video seems to hint at a collection of handbags with a Shiba Inu motif. Bags, suitcases, briefcases, and other travel accessories are the
January 8, 2023 1 min read