Thu, September 24

U.S Government Pushing Congress To Regulate Crypto Sector

The Biden administration has urged Congress to act swiftly to establish a stable regulatory framework for cryptocurrencies. It is becoming more obvious that countries throughout the world are adopting cryptocurrencies. Despite certain nations’ lack of support, the cryptocurrency market remains popular among investors. This is true in a number of

October 4, 2022 2 mins read

United Nations (UN) Urges Fed to Halt Interest Rate Hikes

At its next meeting on November 4, the Fed will determine the next interest rate hike. Fed’s rate hikes this year will have a negative impact on developing nations. The United Nations has urged the Federal Reserve and other central banks to halt their interest rate hikes. To counteract growing

October 4, 2022 2 mins read

Author Robert Kiyosaki Sees Bitcoin Buying Opportunity

Since mid-August, Bitcoin’s stablecoin supply ratio has decreased to 4.5. Bitcoin is now trading around the $19.5k mark as per CMC. A few weeks ago, Bitcoin’s Sharpe ratio began climbing up from its September low of -4.38. It has managed to put itself together, but it is still hovering towards

October 3, 2022 1 min read

Bitcoin (BTC) Expected to Hit Bulls Month End

The year 2022 so far has not yet been bright for the entire crypto industry, including the king, the Bitcoin (BTC). Ever since the start of 2022, the price of BTC has been plunging down further and further as time passes throughout the year.  BTC started the year 2022, with

October 3, 2022 2 mins read

Credit Suisse and Deutsche Bank Face Extreme Downturn

The financial world is buzzing about Credit Suisse. The recent increase in Credit Suisse’s credit default swap spread has garnered media attention. A credit default swap, or CDS, is a kind of derivative that enables one investor to hedge against another’s credit risk by exchanging their own credit risk for

October 3, 2022 2 mins read

$1.6M Worth BTC Seized by India’s ED Over Gaming Fraud

Separately, it froze almost $550,000 in a combination of US Dollars and WRX. The accused was captured on September 25 by ED. The top Indian financial crime investigation agency has blocked an account on Binance containing 85.9 bitcoins, or around $1.6 million, in connection with a gaming software fraud case

October 3, 2022 2 mins read

Former CFTC Commissioner Backs Crypto Sector Over SEC

Quintenz is now an adviser partner at Andreessen Horowitz. Upon leaving the CFTC, he supervised the listing of BTC futures contracts in the U.S. Former CFTC Commissioner Brian Quintenz has acknowledged that the cryptocurrency sector has valid complaints about the Securities and Exchange Commission (SEC). But he does not attribute

October 3, 2022 1 min read

Bitcoin’s Price Indeed Struggling to Retain $20K Mark

BTC is now trading at $19,258 and is down 0.37% at the time of writing. The global market fell from a trillion to $926.78 billion. Bitcoin is battling to recuperate its deficits from the previous month, and it is striving to achieve $20,000 after achieving a low of less than

October 3, 2022 1 min read

U.S Senator Opposes CBDC Introduces ‘No Digital Dollar Act’

Powell indicated this week that it would be at least two years for CBDC. The Senator spoke in favor of hard currency. Many governments across the globe are turning towards CBDC, otherwise known as Digital currency. On Thursday, a Republican senator from Oklahoma, James Lankford, announced that he introduced legislation

October 2, 2022 1 min read

Monthly Fees Mandated on Crypto Firms in Uzbekistan

The law by the country’s primary crypto regulating authority is now in effect. The lowest cost, $135, will go to the custodial service providers. Uzbekistan authorities recently passed a bill mandating cryptocurrency corporations pay into a separate fund. The law, proposed by the country’s primary crypto regulating authority, is now

October 2, 2022 2 mins read