The subtle shift in social media conversations. The mentions in the mainstream media: "Bitcoin will now be available for Wall Street investors!". All the text messages arriving with questions about bitcoin Frequently Asked Questions What are the pros & con’s of a golden IRA? An Individual Retirement Account is a more beneficial option than regular […]
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Egypt's Efforts to Stabilize Its Economy The Central Bank of Egypt (CBE) is taking further steps to stabilize Egypt's teetering economy by auctioning dollar-denominated treasury bills (TB) worth $1 billion. This move is aimed at easing pressure on the country's foreign exchange reserves, following a previous auction of $850 million in December 2023. Addressing Challenges
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The Securities and Futures Commission (SFC) in Hong Kong has issued a reminder to cryptocurrency investors in the region to only use or trade on approved virtual asset trading platforms (VATP). In a statement released on February 5, 2024, the SFC emphasized the importance of verifying a VATP's regulatory status before engaging in any transactions.
Monero Faces 32% Value Slash as Binance Cuts Ties With Privacy Coin Monero (XMR), the leading privacy-focused cryptocurrency, experienced a sharp 32% decline within the last day after news broke that Binance intends to remove the coin from its platform. Binance, the globe's leading cryptocurrency exchange by trade volume, announced the delisting of monero, along
Monero’s Market Plummets 32% as Binance Announces Delisting, Sparking XMR’s Turbulence Read More »
Bitcoin Network's Average Transfer Fee in 2024 Data collected over the past 36 days reveals that the average transfer fee on the Bitcoin network has consistently been above $3.68. Even for median-sized transactions, the costs have not dropped below the $1.67 mark. As of February 6, 2024, there is a significant backlog of 221,799 transactions
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Vast Bank Closes Cryptocurrency App, Exits Digital Asset Market Amid Regulatory Pressures Vast Bank, headquartered in Oklahoma, United States, has announced its departure from the cryptocurrency market, coupled with the closure of its crypto mobile banking application. This decision, effective as of Jan. 31, marks a shift in the bank's operational focus. Introduced in 2021,
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Investors Favor Bitcoin over Gold, Says Cathie Wood ARK Invest's CEO, Cathie Wood, has observed a notable shift in investment preferences, with a growing number of investors favoring bitcoin over traditional gold investments. This trend has become more prominent with the introduction of spot bitcoin ETFs, which have made it easier for investors to access
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Rapid Rise in Inflows Blackrock's Ishares Bitcoin Trust (IBIT) has quickly climbed the ranks of the exchange-traded funds (ETFs) market, securing a position among the top five in terms of 2024 inflows in just 17 days. This remarkable achievement highlights the increasing investor interest in cryptocurrency as a legitimate asset class. Impressive Performance Within a
Blackrock’s Ishares Bitcoin Trust (IBIT) Emerges as a Top Bitcoin ETF Read More »
The Demand for Gold in 2023 In 2023, the demand for gold reached its highest level on record at 4,899t. This surge in demand is not surprising, as gold has proven to be a reliable portfolio preserver during times of economic, geopolitical, and financial turmoil. Given the current state of affairs, it is no wonder
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Investment Firm Paradigm Backs Kalshi in Lawsuit Against CFTC Investment firm Paradigm has shown its support for prediction market platform Kalshi in its ongoing legal dispute with the Commodity Futures Trading Commission (CFTC). The disagreement stems from the CFTC's rejection of Kalshi's proposed market, which allows participants to speculate on the outcome of U.S. Congressional
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