Crypto adoption is heating up in the Middle East, with the average daily number of crypto traders in the area surpassing 500,000 in February 2024, according to Bitget Research. The surge represents a 51% increase from February 2023, based on data from centralized crypto exchanges (CEXs). The region mostly depends on global crypto platforms for...
BlackRock’s spot Bitcoin exchange-traded funds (ETF) iShares Bitcoin Trust trading under the ticker “IBIT” has seen inflows 69 days straight, said Bloomberg Intelligence ETF analyst Eric Balchunas in a social media post. The fourth Bitcoin halving took place late on Friday at block height 840,000. This marked a pivotal change in the cryptocurrency’s supply dynamics....
Woo X Exchange made history by introducing the world’s first tokenized U.S. Treasury bills on April 22, providing retail investors access to the traditional financial asset through its RWA Earn Vaults. Developed in collaboration with institutional tokenization firm OpenTrade, the RWA Earn Vaults offer users the opportunity to earn yields by holding Circle’s USD Coin...
The Chinese Embassy in Angola has reminded its nationals on Angola’s recent prohibition of all crypto mining activities. The authority issued firm warning, emphasizing severe penalties to those who violate the law. The Angolan parliament passed a bill early this year on the “Prohibition of Cryptocurrency and Other Virtual Asset Mining,” which became effective on...
A group of Bitcoin enthusiasts based in Switzerland is making a renewed effort to convince the Swiss National Bank (SNB) to include Bitcoin in its reserves. Their plan involves launching a petition to initiate a referendum that would seek to amend the country’s constitution, which will require gathering over 100,000 signatures from Swiss citizens. Yves...
The lawmaker at the center of South Korea’s “Coin Gate” scandal is set to return to the Democratic Party, the National Assembly’s biggest political party. Per iNews24, Kim Nam-guk is set to become a Democratic Party (DP) member again by “early May.” Kim is currently a member of the Democratic Alliance for Democracy Party, a...
Indian shares look set to extend recent losses on Friday as positive U.S. economic data and hawkish comments from more Fed officials poured cold water on rate-cut hopes. Heightened geopolitical tensions may also weigh on markets after Israeli Prime Minister Benjamin Netanyahu said the country will make its \"own decisions\" on responding to Iran\'s unprecedented...
Asian stock markets are trading mostly sharply lower on Friday, following the mixed cues from Wall Street overnight, on ongoing concerns over the tensions in the middle-east with reports of Israel retaliating to last weekend\'s attacks. Interest rates continued to weigh on markets as the US Fed is now widely expected to hold off on...
Indian shares traded lower on Friday to extend losses for a fifth day running as U.S. rate worries lingered and oil prices jumped more than 3 percent on signs of escalating tensions in the Middle East, following reports of Israeli strikes on Iran. The benchmark S&P BSE Sensex dropped 515 points, or 0.7 percent, to...
European stocks may tumble at open on Friday after Israeli missiles targeted a site in Isfahan province in Iran, raising fears of a widening conflict across the Middle East. However, Iran\'s state-run media reported that there was no missile attack and the explosions heard in Isfahan were the result of the activation of the missile...