Tag Archives: financial markets

NFTs Credited for Ethereum Price’s Surge

NFTs Credited for Ethereum Price’s Surge

Ethereum or Ether’s trading prices have almost quadrupled this year. They soared 290 percent. This trend has led Ethereum to overshadow Bitcoin lately, hitting a new record high on Saturday, May 1, of merely over US$2,900. We feel thrilled to read this news about Bitcoin’s “younger sibling.” Ethereum is an international open-source, decentralized, and blockchain-based […]

Continue Reading

SEC: Institutional Investors Propel Cryptocurrency Market Growth

SEC: Institutional Investors Propel Cryptocurrency Market Growth

The Securities and Exchange Commission (SEC) of the United States has affirmed that the wider cryptocurrency market and Bitcoin are maturing. Commissioner Hester Peirce expressed her latest perspectives during a recent interview with Bitcoin-focused portal Bitcoin.org. She attributed the new trend to the heightened interest in the market hailing from large institutions in the mainstream […]

Continue Reading

China Emphasizes Support for Central Bank-Backed Digital Currencies

China Emphasizes Support for Central Bank-Backed Digital Currencies

China is eyeing stronger international management of state-backed digital currencies. According to Mu Changchun, a system that facilitates the direct and efficient exchange of various digital currencies must be established to ensure a dependable and seamless trade among countries. The People’s Bank of China’s (PBOC) head of its “e-yuan” project recommended a scalable and overseen […]

Continue Reading

Dubai Welcomes Crypto Businesses

Dubai Welcomes Crypto Businesses

Dubai is an industrialized city in the Middle East. The United Arab Emirates’ business center is well-known for its cryptocurrency-friendly environment. Additionally, it has gained world recognition for its technology-focused regulatory structure. This month, the Dubai Multi Commodities Centre (DMCC) has inked an agreement with the UAE’s Securities and Commodities Authority (SCA). The accord permits […]

Continue Reading

Romanian Cryptocurrency Thief Faces Money Laundering, Other Charges

Romanian Cryptocurrency Thief Faces Money Laundering, Other Charges

Police officers arrested a Romanian national suspected of stealing units of a cryptocurrency worth half-a-million euros. The alleged cryptocurrency thief will reportedly get charged with money laundering, unlawfully accessing an informatics system and informatics fraud. The police authorities captured the alleged robber yesterday, Thursday, March 11. This news regarding cryptocurrency fraud is a must-read for […]

Continue Reading