In a significant development, Kyrgyzstan has seen a surge in its crypto mining tax revenue, which now stands at $900K. This is a significant increase from the $133,200 collected during the same period in 2022. In the United States, a new IRS mandate requires anyone receiving $10,000 or more in crypto as part of their […]
The high price of a single Bitcoin, currently valued at $43,973, is discouraging potential investors who are reluctant to purchase only a fraction of the cryptocurrency. This is due to unit bias psychology, which favors owning complete units, as explained by VanEck advisor Gabor Gurbacs. He proposes that Bitcoin exchange-traded funds (ETFs) could be a […]
Bitget, a crypto derivatives exchange based in Seychelles, has seen significant growth, expanding its team from 1,100 to 1,500 employees and its user base from 8 million to 20 million. In an open letter, Bitget’s Managing Director, Gracy Chen, credited the support team for playing a crucial role in recovering over 495,000 USDT in missing […]
The TIA token, a product of Celestia, has recently seen a significant 22% increase in value within a 24-hour period. This surge in value is particularly noteworthy in a market that has been relatively stable in terms of fluctuations. The growth of TIA is attributed to the rising interest in TIA’s staking and the innovative […]
BlackRock, the world’s leading asset manager, is reportedly planning to reduce its global workforce by approximately 3%, affecting around 600 employees. This move is said to be part of BlackRock’s regular internal adjustments, with decisions influenced by performance evaluations over the past year.Simultaneously, the company is awaiting the Securities and Exchange Commission’s (SEC) decision on […]
The United Nations Climate Change Conference (COP28) has sparked optimism and positive momentum in the Middle East, particularly in the realm of sustainable finance. Germany and the UAE have led the way by pledging $100 million to the newly-announced Loss and Damage Fund, a move that was met with a standing ovation from conference delegates. […]
BlackRock, the world’s largest asset manager, is set to reduce its global workforce by approximately 3% this week. This decision is in anticipation of positive news from the United States Securities and Exchange Commission (SEC) concerning its spot Bitcoin exchange-traded fund (ETF). As per sources, around 600 employees will be let go as part of […]
Tether, a prominent player in the cryptocurrency market, anticipates that Argentina’s impending dollarization will spur the use of stablecoins, particularly USDT, for everyday transactions. This shift is expected to have significant implications for the Argentine economy and cryptocurrency users.Javier Bastardo, Tether’s PR manager for Latin America, believes that dollarization in Argentina is inevitable. He suggests […]
Tether’s forecast about dollarization in Argentina and the rise of stablecoins has sparked a fascinating debate about the future of money and the economy. With the potential shift in Argentine monetary policy and the growing popularity of cryptocurrencies, we may be witnessing the birth of a new financial era. The financial world is changing, and […]
Fintech firms Sygnum and Float have joined forces with credit fund Fasanara Capital to offer tokenised access to private debt markets. Float, a capital-as-a-service company based in Stockholm, has introduced the Float Token in collaboration with Sygnum bank on the Polygon blockchain. This move allows Sygnum’s clients to invest alongside Fasanara Capital, a UK-based fintech-focused […]
