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The Challenge of Repatriating Funds The Indian Oil Ministry recently admitted that its initiative to pay for oil with rupees has not been successful due to concerns from suppliers regarding fund repatriation. The objective of this move was to reduce India's reliance on the U.S. dollar for cross-border transactions. High Costs of Converting Rupees During […]

Deadline for Filing Amendments The U.S. Securities and Exchange Commission (SEC) has reportedly set a deadline of December 29 for spot bitcoin ETF applicants to finalize their filing amendments. According to reports, the SEC has informed spot bitcoin ETF issuers that applications that are fully updated and filed by this Friday will be considered in

Introduction The year 2023 was a remarkable one for bitcoin and the wider crypto economy. Amidst the FTX controversy, the value of bitcoin surged, and major players like Blackrock and Franklin Templeton made applications for spot bitcoin exchange-traded funds (ETFs). Alongside the ever-changing crypto markets, the global economy also commanded attention, with the BRICS countries

Ethereum's Market Behavior on Dec. 27, 2023 Ethereum's market behavior on Dec. 27, 2023 presents a complex tapestry of signals for traders and investors alike. Oscillating within a 24-hour price range of $2,189 to $2,290, Ethereum demonstrated a consolidation phase, subtly hinting at both potential gains and imminent cautions. As the market capitalization holds at

Nasdaq-listed Microstrategy has recently increased its bitcoin holdings with the purchase of an additional 14,620 bitcoins, amounting to approximately $615.7 million. This latest acquisition brings the company's total cryptocurrency holdings to an impressive 189,150 bitcoins. Microstrategy has acquired these bitcoins at an average price of $31,168 per coin, resulting in a total investment of around

Recent data reveals that decentralized exchange (dex) platforms built on Solana have outperformed Ethereum in terms of market performance. The statistics show that Solana-based dex platforms achieved a trade volume of $1.447 billion in the past day, surpassing the $1.282 billion recorded by Ethereum trading platforms. Solana's Dex Volume Surges Ahead of Ethereum Solana's recent

As the holiday season is upon us, we wanted to take a break from discussing market news and instead focus on the joyous occasion of Christmas. It's a time to celebrate with loved ones, exchange gifts, and reflect on the year that has passed. The Significance of Gold Gold has always held a special place

Pressure Mounts on Milei to Dollarize Argentina's Foreign Minister, Diana Mondino, has announced that financial contracts in the country can now be denominated in Bitcoin. This move comes as President Javier Milei faces mounting pressure to fulfill his campaign promise of dollarizing the economy and abolishing the central bank. Expanding Medium of Exchange According to

Analysts Predict Sky-High Bitcoin Prices in 2024 As 2023 comes to an end, bitcoin has seen a remarkable 165% increase since January, leading to a surge in predictions for the cryptocurrency's value in 2024. Markus Thielen, the head of Matrixport's research division, expects the approval of a spot bitcoin exchange-traded fund (ETF) in January, which

Introduction Paxos, the tokenization and stablecoin platform, has announced its plans to expand its stablecoin issuance to the Solana blockchain. The company, which currently oversees the pax dollar (USDP), expects to make Solana-issued USDP publicly available starting January 17, 2024. Paxos Expands to Solana Paxos recently revealed that its venture into Solana represents its first