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After going against digital currency activities in the country, China has wholly embraced the idea of investing in the metaverse and making the most of it to boost its economy. Following regulations and approval from the government, the metaverse industry is now taking shape in the country. The financial sector regulator of the government raised … Read more
At a time when more countries are considering legislation to provide a license to service providers in the cryptocurrency industry and boost their economic potential through providing a conducive environment for businesses to flourish, decision-makers in the UAE are planning to formulate national crypto regulations in the Middle Eastern States despite having various free zones … Read more
A white-hat hacker has breached the security architecture of the Ethereum L-2 Optimism by discovering a critical bug in a smart contract of the blockchain network. The hacker fixed the bug and was paid $2 million as a bounty. The system bug in one of Ethereum’s smart contracts was first discovered on the 2nd February … Read more
A globally-renowned financial authority, the FSB, recently declared that more data is needed to meet global standards to have ample knowledge of the crypto industry. According to the Financial Stability Board (FSB), the new roadmap for examining the crypto market is needed to ascertain the financial stability risks of numerous cryptocurrencies. In a 30-page report … Read more
The news of Russia’s planned attack on Ukraine has sent shock waves through the cryptocurrency industry, which affected the performance of most digital coins in the market. But in the past 24 hours, the cryptocurrency market has regained its momentum after news reports showing that the invasion of Ukraine by Russia is unlikely to happen; … Read more
The growing number of people who see the world’s pioneer digital currency as a strong hedge against inflation keeps on growing, making Bitcoin the darling of investors with no equal. February 15 saw the USD lose a massive part of its purchasing power, up to 97.58%, against Bitcoin in the past five years. Contrast the … Read more
The drive to reduce the carbon footprint impact of the crypto industry by paying more attention to renewable energy sources is gaining traction in the cryptocurrency space as digital mining firm Merkel Standard reaches an agreement with Bitmain, a maker of Bitcoin mining infrastructure to build a green mining facility. Previous reports can recall that … Read more
GBP/JPY trading pair consolidated on its intraday gains and accelerated to a new daily gain, around the 156.65-156.70 zone in the European session. GBP/JPY price chart. Source TradingView After the pullback experienced the day before from a more than three-week high, the pair just got to draw up some new buying on Thursday, and it … Read more
A Little Slide The Euro shed some weight on Tuesday following comments by the European Central Bank’s President, Christine Lagarde when she attempted to control the high expectations trailing a rise in interest rates which boosted the regional currency up a three-week high on Thursday. The European Central Bank’s hawkish drift last week was a … Read more
Ethereum price did crash in January but has witnessed its sharpest rebound to date in a bear trade. ETH has pulled back to retest $3,000 support levels on the 9th of February after ETH native token reached a three week high. Ethereum has always experienced an elevated average in terms of comeback. ETH price has … Read more
An Import Euro Background Following the latest economic statistics gathered throughout the European Union, the dominant demand for a hawkish monetary policy has kept on putting pressure on European Central Bank top officials. Wednesday’s Eurozone Consumer Price Index surpassed widely celebrated previous releases from member countries in addition to their previous growths and unemployment figures … Read more
Waking Up to Reality Global stocks edged higher at the start of the new week when investors came to terms with the US Treasury’s economists’ view that the pressure of inflation should reduce in 2022 as a result of reduced demand on goods which will ease supply gridlocks and recede the COVID pandemic. Alongside an … Read more