The Central Bank of Egypt (CBE) is taking further steps to stabilize the country's teetering economy by planning a treasury bill (TB) auction worth $1 billion. This move comes just a month after the CBE raised $850 million through a similar auction. The aim of these auctions is to ease pressure on Egypt's foreign exchange […]
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The Shift in Market Sentiment Bitcoin has taken the world by storm, with social media conversations and mainstream media coverage all focusing on this digital currency. People who were once unfamiliar with Bitcoin are now seeking advice on how to buy and accumulate it. This shift in market sentiment indicates a growing interest in Bitcoin
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Introduction Vast Bank, a financial institution based in Oklahoma, United States, has made the decision to close its cryptocurrency mobile app and exit the digital asset market. This move comes in response to a consent order issued by the Office of the Comptroller of the Currency (OCC). The bank's decision to discontinue its cryptocurrency services
Vast Bank Shuts Down Cryptocurrency App and Exits Digital Asset Market Read More »
Introduction ARK Invest's CEO Cathie Wood has observed a notable change in investment preferences, with an increasing number of investors favoring bitcoin over traditional gold investments. This shift has become more pronounced following the introduction of spot bitcoin exchange-traded funds (ETFs), which offer investors a more convenient way to access the cryptocurrency. Investors Shifting from
Quantum Cats Floor Values Reach New Heights Taproot Wizards' Quantum Cats non-fungible token (NFT) series has seen a significant increase in trading volume and minimum value on the secondary market since its launch. Initially priced at 0.1 bitcoin per NFT, the lowest value of Quantum Cats now hovers around 0.303 bitcoin or $13,062. Just 48
Quantum Cats NFT Collection Surges in Value, Dominating Secondary Market Trade Volume Read More »
Microstrategy Now Holds 190,000 Bitcoins Nasdaq-listed company Microstrategy has significantly increased its cryptocurrency holdings, now owning 190,000 bitcoins. This includes an acquisition of 31,755 additional coins since the end of the third quarter. With this achievement, Microstrategy proudly declares itself as the "world's first Bitcoin development company." The company's unique value proposition sets it apart
The chief of South Korea's financial watchdog is planning a visit to the United States to hold discussions on crypto regulation with Gary Gensler, the chairman of the U.S. Securities and Exchange Commission (SEC). The focus of these discussions will be on the SEC's recent approval of spot bitcoin exchange-traded funds (ETFs). The chief emphasized
The Concerns Raised by JPMorgan's Analysts JPMorgan, a global investment bank, has recently released a report cautioning about the potential risks that Tether's USDT stablecoin poses to the overall crypto market. The analysts at JPMorgan have specifically pointed out the lack of regulatory compliance and transparency exhibited by Tether, which is the largest stablecoin in
Sophisticated Scheme Unveiled A sophisticated scheme to defraud Patterson Joint Unified School District has been unveiled, with senior officials Jeffrey Menge and Eric Drabert at the helm, using the district’s resources to mine cryptocurrency illegally, as disclosed by the DOJ. Guilty Pleas and Charges Two senior officials from the Patterson Joint Unified School District in
School Officials Plead Guilty to Crypto Mining Operation Using District Resources Read More »
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