China’s Shandong Province has introduced a digital yuan loan program for entrepreneurs, a step towards integrating digital currency in regional business practices. According to Beijing Business Today, Shandong’s capital city Jinan recently facilitated a digital yuan entrepreneurial guarantee loan in the province and launched the online system “Ji Dan – Entrepreneurial Loan” to streamline access...
J.P. Morgan believes Bitcoin spot ETFs likely won’t see much AUM growth in the long term based on valuations of the asset next to gold. Analysts led by Nikolaos Panigirtzoglou wrote that Bitcoin ETFs, when assessed as a substitute for gold and adjusted for volatility, have an implied “realistic size” of $62 billion over the...
The U.S. dollar climbed higher on Monday, recovering from recent losses, as investors looked ahead to a slew of crucial economic data, including reports on consumer and producer price inflation, for clues about the central bank\'s interest rate moves. After the Labor Department\'s jobs data offered conflicting signals on the U.S. economic and rate outlook,...
Mudrex, an Indian cryptocurrency investment platform, has announced plans to offer US spot Bitcoin (BTC) exchange-traded funds (ETFs) to institutional and retail investors in India, said CEO and co-founder Edul Patel in a recent interview. Patel emphasized the significance of this move for institutions, granting them access to spot bitcoin ETFs, previously only accessible to...
Bitcoin‘s recent trading activity presents a fascinating case for price predictions as the digital currency hovers around $68,100, marking an increase of 1.50% on Saturday. The cryptocurrency landscape is abuzz with investor anticipation as Bitcoin inches closer to the significant $70,000 threshold, suggesting a potentially bullish future. This movement echoes the momentum within the sector,...
Australia will on Tuesday release January figures for building approvals, highlighting a modest day for Asia-Pacific economic activity. Approvals are expected to slip 1.0 percent on month after slumping 10.1 percent in the previous month. Australia also will see February data for the surveys of business confidence and conditions from National Australia Bank; in January,...
Decentralized finance (DeFi) protocol Unizen has taken swift action in response to a recent security breach that resulted in the loss of approximately $2.1 million in user funds. Following the compromise, Unizen pledged to reimburse affected users who lost up to $750,000, aiming to restore confidence in its platform and uphold its commitment to user...
As Bitcoin hovers around $69,400, up nearly 1.50% on Sunday, its journey beckons keen market watchers for a Bitcoin price prediction. This recent surge, hinting at potential market shifts, sets the stage for an examination of Bitcoin’s trajectory amidst the broader financial landscape. DeFi’s Total Value Locked Surpasses $100 Billion Amid Bitcoin Rally March 9...
The South Korea stock market on Monday ended the two-day winning streak in which it had collected almost 40 points or 1.6 percent. The KOSPI now rests just beneath the 2,660-point plateau and it may tick lower again on Tuesday. The global forecast for the Asian markets is mixed to lower ahead of inflation data...
Core Foundation, which aims to create a secure and decentralized ecosystem for dApps, is launching a non-fungible token (NFT) marketplace. Announced Monday, the foundation will also embark an NFT collection drop for the community, dubbed – Core Journey. The NFT collection is focused to bring stronger utility to the Core chain, said Core contributor Rich...