According to the Asian trading hours, the cryptocurrency market witnessed a sharp correction overnight as major cryptos like Bitcoin (BTC), Ethereum (ETH), and popular altcoins faced significant losses. This pullback comes due to a broader sell-off in U.S. tech stocks, including Nvidia and Tesla, and rising macroeconomic pressures. Bitcoin Drops
South Korea’s Financial Services Commission (FSC) has rejected plans to create a national Bitcoin reserve. The decision comes as U.S. President-elect Donald Trump pushes pro-crypto policies. FSC Chairman Kim Byung-hwan expressed caution, prioritizing investor protection over rapid adoption. 📢JUST IN: SOUTH KOREA'S FINANCIAL SERVICES COMMISSION (FSC) DROPS PLANS TO ESTABLISH
In the hustle and bustle of global finance, recent events are setting new precedents. Interestingly, cryptocurrencies are once again rising, this time notwithstanding legal complications. They are bouncing back and positively impacting the stock market, leaving investors astounded and economists intrigued. The Key Reason Behind this Recent Surge Essentially, the
First Republic Bank’s ($FRC) share price plunged around 50% as it lost more than $100 billion in customer deposits. Despite this, Bitcoin’s (BTC) price surged over 6% to the $29K price range. After losing more than half of its deposits, First Republic Bank has a steep slope to climb to
In the aftermath of the Silicon Valley Bank (SVB) collapses on March 10, 186 banks were identified as being at risk, as per recent research. These banks are dealing with problems equivalent to those that led to Silicon Valley Bank’s demise. Federal Reserve’s rapid rate-hike campaign reducing the bank’s assets,
The UK-based cryptocurrency app Tap Global becomes the first new member of 2023 to be listed on the Aquis Stock Exchange (AQSE), according to a press statement issued by the organization on January 10. The Company, formerly known as Quetzal Capital Plc ‘Quetzal’, has been listed on AQSE as a
A new Survey in the UK reports that most British responders have bought crypto. Those crypto investors are mostly male under 35. The survey records these youngsters have a better understanding of crypto. According to a survey conducted by UK investment firm AJ Bell, the reports say that Brits are
Being the second-largest American bank, the Bank of America has incorporated explicit use of blockchain technology for its services. They have made a pact with one of the top regulated blockchain infrastructure platforms, the Paxos. Bank of America’s operations through Blockchain The news came out officially only on Monday through
