This Week on Crypto: Focus on US CPI and Other Macros
Increased crude oil prices due to recent conflict between Israel and Hamas leads to liquidity pressure for Bitcoin and other cryptocurrencies. After a robust start to the month of October 2023, Bitcoin and the broader cryptocurrency market remained quite volatile during the first week. Bitcoin posted modest gains and is currently trading near $28,000. In […]
The Role Of Cryptocurrencies In Cross-Border Remittances
This article explores the role of cryptocurrencies in cross-border remittances, highlighting their advantages and challenges. It examines the potential for cryptocurrencies to transform the global financial landscape, facilitate financial inclusion, and drive economic growth. In our rapidly evolving digital age, cryptocurrencies have emerged as a disruptive force in various sectors of the economy. One area […]
Hong Kong’s largest bank Predicts Rate Hikes, Turns to Crypto
Hong Kong’s largest local bank predicts a rate increase and has turned to cryptocurrencies; Also specifies operating rules for virtual assets. The global market is closely monitoring this week’s meeting of the US Federal Reserve’s interest rate committee in anticipation of a potential interest rate increase. Lin Yansheng, Director of Commercial Banking at Hang Seng […]
US House Panel Approves First Crypto Regulatory Framework Bill
On Wednesday, July 26, the US House panel approved the legislation by crypto advocates to set up clear regulatory rules in the country. The House Financial Services Committee approved the Republican-led bill by a vote of 35 to 15, with some Democrats also voting in favor. North Carolina’s chairman, Patrick McHenry, praised both the legislation […]
US Senator to Reconsider Cryptocurrency Regulation
Senator Cynthia Lummis of the United States has stated that her efforts to promote a favorable crypto regulatory framework continue. Senator Cynthia Lummis of the United States has stated that her efforts to press for a positive crypto regulatory framework are ongoing, with the rapid evolution and growing adoption of cryptocurrencies adding to its urgency. […]