Stocks in the United States unexpectedly fell at the market close, with the technology-focused Nasdaq Composite leading the decline. The release of the Fed’s July meeting minutes affected market sentiment because they highlighted a rising worry among top officials about “upside inflation risks.” Fear of further interest rate rise dampened investor optimism on
The National Agency for Prospective Projects (NAPP) in Uzbekistan has granted permission to two private banks, Kapital Bank and Ravnaq Bank, to test crypto regulations in a “digital sandbox.” Moreover, Mastercard-powered crypto cards will be issued by the banks. The NAPP announced on August 14 that Ravnaq Bank has been
The popular analytics firm Santiment shared that the trading price of the world’s largest cryptocurrency, Bitcoin (BTC), has remained in a tight range of between $28K and $29K over the past few weeks. Yet, even with this bearish momentum, Bitcoin has outperformed the equities market S&P 500. The trading price
Dubai has begun granting commercial licenses to AI and Web3 businesses at a 90% subsidy. This is part of an effort to build an unparalleled hub of cutting-edge technology enterprises in the MENA region, Emerging tech center Dubai AI and Web 3.0 Campus has decided to subsidize licenses for businesses
When El Salvador began accepting Bitcoin a few years ago, it drew criticism from prominent financial institutions. However, Bonds issued by the government of El Salvador have risen in value recently, and large financial institutions such as JPMorgan, Eaton, and PGIM can no longer afford to ignore this trend. El
After the highly-anticipated debut of Jacobi Asset Management’s Jacobi FT Wilshire Bitcoin ETF, Europe will finally have its first spot Bitcoin exchange-traded fund (ETF). More than a year after its initial debut date of 2022, the London-based digital asset management business said on August 15 that its new investment product
The sudden surge from multi-month lows in the $25,000 range to fresh annual highs above $32,000 in BTC prices was sparked by the influx of new spot Bitcoin ETF applications from respectable financial institutions in June. However, according to statistics provided by The Block, Bitcoin’s annualized 30-day price volatility is
Custodia stated on Friday that it is now taking deposits in U.S. dollars from clients in certain locations and will shortly begin providing Bitcoin custody services. The crypto-friendly bank is now offering services for US government money market funds to its clients. CEO of Custodia, Caitlin Long argues that banks,
The U.S. SEC released a notice inviting comments on the proposal to list the Ark Spot Bitcoin ETF on Friday, amid significant anticipation leading up to the deadline. The notice was released in order to gather feedback on the proposed rule change to allow the ARK 21Shares Bitcoin ETF to
Bitcoin, the pioneer cryptocurrency, has experienced bullish momentum over the past 48 hours. However, despite the positive trend, BTC has struggled to breach the significant $30,000 mark. Meanwhile, the release of the US Consumer Price (CP) data, which jumped to 3.2% in July, a lesser than expected 3.3%, led to
