Crypto Operations Halted in Venezuela: Regulator Shuts Down Select Cryptocurrency Exchanges and Mining Farms
Venezuela has been a cryptocurrency hotbed in recent years, with President Nicolas Maduro promoting cryptocurrencies as tools to reactivate the country’s economy. However, the situation has taken a turn for the worse in recent days, with the arrest of Joselit Ramirez, Venezuela’s Superintendent of Cryptoassets, and President Maduro’s order to restructure the country’s crypto regulatory […]
Stricter Oversight of Cryptocurrency Markets to Be Proposed by G7 Nations
The Group of Seven (G7) major industrialized democracies, consisting of Japan, Britain, Canada, France, Germany, Italy, the United States, and the European Union, are reportedly planning to promote tougher regulations of the cryptocurrency sector during the 49th G7 summit, scheduled for May 2023, in Hiroshima, Japan. The goal of the plan is to increase transparency […]
Impact of the Banking Crisis on Mortgage Rates
Mortgage rates have been fluctuating rapidly since the beginning of the year, leading to uncertainty for prospective homebuyers. Although rates are likely to continue declining over the course of the year due to the ongoing banking crisis, there may be some volatility in the short term. In this article, we’ll explore why mortgage rates have […]
Germany Explores Business Opportunities in Philippine Energy Sector
According to the German-Philippine Chamber of Commerce and Industry (GPCCI), German companies engaged in energy efficiency and solar power are exploring business opportunities in the Philippines. The GPCCI recently held the Energy Efficiency and Solar for Buildings conference in cooperation with the Philippine Energy Efficiency Alliance and Cold Chain Association of the Philippines. Over 100 […]
Investor Optimism Rises as Ripple Nears Victory Against SEC
XRP Rallies on Optimism of Favorable Outcome in SEC Legal Battle XRP, a cryptocurrency closely associated with Ripple, has soared amid growing optimism that Ripple will win its ongoing legal battle with the U.S. Securities and Exchange Commission (SEC). According to CoinGecko data, XRP was trading at around $0.45, up over 11% in the last […]
Bitcoin Remains Stable at $28K Prior to Federal Reserve Meeting: Insights from First Mover Americas
Bitcoin trading around $28,000 as market awaits Federal Reserve’s decision Bitcoin traded between $27,300 and $28,350 over the past 24 hours, following its surge above $28,000 for the first time in nine months. Investors are now anticipating the Federal Reserve’s decision on interest rates on Wednesday, with traders predicting a 25 basis point increase. According […]
Tracking Sri Lanka’s Economic Crisis: A Timeline of Events Leading to IMF Bailout
Overview of Sri Lanka’s Economic Crisis Sri Lanka has been facing its worst economic crisis in 75 years, marked by political instability, rising inflation, and mounting debt. This article provides a timeline of key developments in the country’s economic crisis and the measures taken to address it. IMF Approves $3-Billion Bailout On March 20, 2023, […]
Bitcoin Flourishes as Bank Sector Crisis Pushes it to a 9-Month High
Bitcoin, the world’s largest cryptocurrency, climbed to its highest level in nine months on Monday as turmoil in the banking sector drives some investors to turn to digital assets. The cryptocurrency has built on its best week in four years, rising 26% last week, its best weekly gain since April 2019, and soaring some 40% […]
Cryptocurrency Companies Look to Rebrand After a Difficult Year
After a year of failing cryptocurrency companies and fraud allegations, crypto firms are looking to rebrand. Cryptocurrency executives want to market their products in new ways, distance themselves from former colleagues, and avoid prison sentences. According to Todd Irwin, the Chief Strategy Officer at Fazer, a branding agency that has clients in the industry, crypto […]
Trump Calls for Supporters to Protest Ahead of Expected Arrest Over Hush Money Investigation
Former US President Donald Trump claimed on Saturday that he expects to be arrested and issued a call for his supporters to protest as a New York grand jury investigates hush money payments made to women who alleged sexual encounters with him. While his lawyer and spokesperson said there had been no communication from prosecutors, […]