A survey was recently conducted by KuCoin, which revealed that crypto penetration and adoption in Saudi Arabia had recorded a significant increase. According to the results of the survey, the country is now ranked as one of the largest crypto trading hubs in the world. Saudi Arabia’s crypto adoption There has been a tremendous increase […]
There are several states in the United States that are working on developing crypto regulation, as the popularity of the space continues to grow and so do the risks. The Department of Financial Protection and Innovation (DFPI) in California issued a warning to people to be cautious before they decide to make investments in crypto […]
One of the most renowned Brazilian payment companies, Picpay has announced that its app would now include crypto services as well. The company elaborated that the services would include direct processing of crypto payments and buying crypto as well. Picpay is following in the footsteps of companies like Mercado Libre and Nubank, which have also […]
According to a new class-action lawsuit, the Howey test shows that Solana (SOL) is actually a security. The plaintiff claims that the circumstances and facts that relate to SOL indicate that it is a security in accordance with the Howey test and is not a cryptocurrency. New lawsuit On July 1st, a new lawsuit was […]
On Friday, the Japanese yen rose, while the country’s stocks lost most of their gains after reports said that Shinzo Abe, the former Prime Minister of Japan, had been shot and was gravely injured. Fumio Kishida, the current Prime Minister, said that the former premier was in critical condition and had condemned the attack harshly. […]
According to data, the Canadian dollar is not expected to gain as much ground in the coming year as previously expected because the demand for safe-haven currencies like the US dollar has gone up, thanks to the growing risks of a global economic slowdown. Canadian currency strengthening The forecast had indicated that there would be […]
Li Auto, one of the major Chinese electric car manufacturers has made an announcement in regards to its future plans. The EV maker has announced that it plans on raising a total of $2 billion and it aims to do it through investors from the United States. Li Auto to Raise $2 Billion from Stock […]
As part of an aggressive push for expanding outside the United States, Coinbase is looking for licenses in different countries in Europe. While the cryptocurrency exchange is already active in some regions, such as Ireland, the United Kingdom, and Germany, it is now planning on expanding its presence to some other regions, such as Italy, […]
The current turmoil in the cryptocurrency market has forced a number of companies in the space to shift their strategy and come up with new approaches that can help them pull through the downtrend. Crypto.com is also doing the same as it announced that they are making changes to their rewards program called Crypto Earn. […]
The trading price of Shiba Inu (SHIB) experienced a gigantic plunge that was triggered due to the recent bloodbath of cryptocurrency. SHIB Bleeds Badly As the cryptocurrency industry suffered a bloodbath, the trading price of Shiba Inu experienced an even worse situation. SHIB’s trading price reportedly suffered double-digit losses. Despite suffering huge losses, the analysts […]
The price of Bitcoin (BTC) ended up experiencing a dip and it came down to $20,200. Bitcoin’s price dipped due to a strong selling that was nothing less than a bloodbath. A great sell-off activity was recorded for Bitcoin that was triggered by multiple institutions. Even the investment firms ended up selling Bitcoin on a […]
On Wednesday, global indexes saw stocks edge lower for the most part, while Treasury yields eased, as investors were taking in the comments of Jerome Powell, the Chairman of the US Federal Reserve. He said that while there was certainly a risk of the economy slowing down too much because of aggressive hikes in interest […]
On Tuesday, shares in the Asia-Pacific region climbed higher, as investors were weighing the economic concerns. Most indexes record gains The Hang Seng index in Hong Kong had been trading at a loss but rose 0.7% in the last hour of trading. There was also a 0.73% gain in the Hang Seng Tech index. On […]
On Monday, European shares rose to a high of two weeks, thanks to mining stocks as China lifted COVID-19 curbs, which gave global commodities a lift and also eased fears of inflation. Meanwhile, Prosus’ plans of trimming its stake in Tencent saw the Dutch company’s stock rally. Index records gains There was a 1.1% gain […]
On Monday, volatile trading pushed global indexes higher, for the most part, allowing them to extend the sharp gains recorded in the previous week. Meanwhile, there was also a rise in Treasury yields and oil prices. Oil records gains After the rout seen in the previous week, oil finally managed to climb up, as investors […]
In recent weeks, the borrowing and lending spaces within the cryptocurrency industry have come under the microscope of regulators. These spaces have undergone scrutiny in recent months and the reason behind the growing pressure is the sell-off observed in the crypto-verse. Now, the investors and users within the cryptocurrency industry want to know exactly how […]
On Friday, there was a 2.6% rise in European stocks, which helped them enter positive territory. The week saw investors moving into riskier assets, as they began to scale back on bets of central bank tightening. Best Session for Indexes The STOXX 600 index of European countries recorded its best session in over three months. […]
Two cryptocurrency trading platforms in Canada are in trouble with the Ontario Securities Commission (OSC). A complete ban has been imposed on KuCoin, which means that it can no longer operate in the capital markets of Ontario. As far as Bybit is concerned, the platform has agreed to comply with the rules set forth by […]
Asia-Pacific trading recorded a mixed session once more, but Chinese stocks were leading gains on Thursday, as markets continued to monitor the possibility of a recession. Initially, mainland Chinese markets had been struggling for direction, but managed to end the day in the green. Rise in Most Indexes There was a 2.19% increase recorded in […]
In the past 30-days, the trading price of Avalanche (AVAX) has experienced a 45% dip. It is to be noted that in the same time period, the market valuation of the entire cryptocurrency industry has dipped by 29%. Despite facing a downtrend in the past 30-days, Avalanche hasn’t lost its reputation as one of the […]
