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It has been announced by the Indonesian government that it plans to give the Financial Services Authority (OJK) responsibility for regulating, supervising, and overseeing the country’s expanding cryptocurrency investment market. Currently, market regulation is under the purview of the Ministry of Trade and the Commodity Futures Trading Regulatory Agency. As
On Thursday, experts at JPMorgan Chase, headed by global market strategist Nikolaos Panigirtzoglou, released their assessment of the FTX scenario and bitcoin price forecast. The researchers elaborated on the decline in the number of strong competitors in the crypto market. The analyst stated: “What makes this new phase of crypto
According to Binance CEO Changpeng Zhao, the president of El Salvador today reassured citizens that their country’s cryptocurrency assets were not on the failing exchange FTX. On Thursday, the CEO of the largest cryptocurrency exchange in the world tweeted that he had spoken to President Nayib Bukele, who had denied
Shell plc, the London-based oil and gas industry giant, has stepped forward to unveil its stance in enhancing the Bitcoin mining industry. Notably, the company has signed a two-year sponsorship with BTC Inc and Bitcoin Magazine for The Bitcoin Conference. At Bitcoin 2023 Miami event, Shell aims to advocate the
Inflationary pressures and forecasts of extended macroeconomic uncertainty have characterized the previous several months. Most central banks across the globe have announced interest rate increases in response to growing inflation data. In reality, consumers have paid a heavy price for governments’ hawkish posture. Recently, however, it seems like things are
Riot Blockchain, a major Bitcoin mining firm, reported a $36.6 million loss. The Colorado firm’s sales of $46.3M were down 28% from the $54.2M projection. Lower Bitcoin output from major curtailment efforts linked with the company’s power plan, as well as a fall in the market price of the crypto
As one would expect, Elon Musk’s acquisition of Twitter has caused quite a stir. Musk has been selling his Tesla shares at regular intervals, suggesting he has been preparing for this transaction for some time. But the most recent one happened days after his massive $44 billion purchase. The CEO
In his short time as CEO, Elon Musk has already made an impact. In addition, a leading media outlet has recently reported that during Elon Musk’s first week as CEO of Twitter, user growth reached a record high. As Elon Musk, co-founder of Tesla has acquired control of Twitter, one
Bitcoin (BTC) miner Iris Energy reports it has received a default notice from mining equipment maker Bitmain Technologies, according to a new filing with the United States Securities and Exchange Commission (SEC) on Monday. The notification said that some principal payments due on November 8 were not subject to “good
Volatility has returned to the crypto markets. Coinglass reports that in the last 24 hours, $3.15 billion worth of Bitcoin (BTC) has been sent to exchanges, that is 152,000 Bitcoins. Now, it’s typically not a positive indicator when cryptocurrency is transferred from wallets to exchanges. This opens the door for
