Cryptocurrency Market

  • Market Cap: $2,353,982,587,477.12
  • 24h Vol: $138,843,140,345.97
  • BTC Dominance: 56.48%

News Bytes

thai-finance-minister-revokes-crypto-exchange-zipmex’s-licenses

Thai Finance Minister Revokes Crypto Exchange Zipmex’s Licenses

The Securities and Exchange Commission (SEC) of Thailand announced Monday that the Thai Minister of Finance has revoked Zipmex’s digital asset exchange and broker licenses effective May 28, 2024. This decision, which followed the Thai SEC Board’s recommendation, was based on concerns over the crypto trading platform’s financial stability, inadequate management structure, and insufficient personnel, […]

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asia’s-gold-rush:-investors-seek-safe-haven-amid-economic-uncertainty

Asia’s Gold Rush: Investors Seek Safe Haven Amid Economic Uncertainty

Demand for gold in Asia is surging despite high prices, as buyers seek a hedge against geopolitical and economic uncertainty. In Japan, there is currently a strong bullish sentiment on gold. Chinese investors, facing currency devaluation, real estate downturn, and trade tensions, have increased their gold purchases by 27% in the first quarter. In Thailand

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ubs-recommends-buying-gold-dips-amid-economic-uncertainty

UBS Recommends Buying Gold Dips Amid Economic Uncertainty

The UBS editorial team, comprising financial analysts and economists at UBS, a prominent global financial services firm, recommends purchasing gold during price dips rather than selling. Recently, gold prices fell by over $80 per ounce due to strong U.S. payroll and earnings data, coupled with a rise in the 10-year U.S. Treasury yield and the

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japanese-corporation-metaplanet-acquires-more-bitcoin,-stock-price-soars

Japanese Corporation Metaplanet Acquires More Bitcoin, Stock Price Soars

Metaplanet, a publicly traded corporation on the Tokyo Stock Exchange, has announced an investment of 23.351 bitcoins, with an average purchase price of 10,706,180 yen per BTC, totaling 250 million yen ($1.6 million). The company now holds 141.0727 bitcoins, with an average purchase price of 10,278,391 yen per BTC, amounting to a total aggregated purchase

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bitwala-and-curve-announce-partnership-for-digital-wallet-integration

Bitwala and Curve Announce Partnership for Digital Wallet Integration

Bitwala, a blockchain banking service based in Berlin, has entered into a partnership with Curve, a digital wallet provider. The partnership is aimed at integrating Bitwala’s services with Curve’s digital wallet. Users can add Bitwala to their Curve Wallet and avail a 1% cashback offer on their purchases for 30 days. The Curve card can

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floki-name-service-is-live-on-bnb-chain

Floki Name Service Is Live on BNB Chain

Floki Name Service, a decentralized domain name service by the popular meme coin, is now live exclusively on the BNB Chain mainnet. This service allows users to create a unique .floki domain name, which can be used as an on-chain identity and for other purposes such as launching a decentralized website, blog, or résumé. Built

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abu-dhabi-regulator,-adgm,-signs-digital-assets-mou-with-bermuda-monetary-authority

Abu Dhabi Regulator, ADGM, Signs Digital Assets MoU With Bermuda Monetary Authority

The Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM) and the Bermuda Monetary Authority (BMA) have signed a digital assets Memorandum of Understanding (MOU). This MOU establishes a framework for collaboration between the two regulatory authorities to support the creation and effective supervision of digital assets entities across their jurisdictions. It

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gold-production-struggles-despite-2024-q1-surge

Gold Production Struggles Despite 2024 Q1 Surge

The gold mining industry struggles to sustain production growth due to declining new deposits, reports the World Gold Council (WGC). Despite a 4% increase in first-quarter production in 2024, overall growth has plateaued since 2016. In 2023, mine production rose by only 0.5%, following 1.35% in 2022 and 2.7% in 2021, with a decline of

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hsbc-china-introduces-digital-yuan-services-for-corporate-clients

HSBC China Introduces Digital Yuan Services for Corporate Clients

HSBC Bank (China) Ltd. announced on Friday the launch of digital yuan (e-CNY) services for corporate clients, becoming one of the first international banks to provide these services to both corporate and retail customers. The e-CNY, or digital yuan, is China’s central bank digital currency (CBDC) issued by the People’s Bank of China (PBOC). Following

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30-countries-seek-to-join-brics,-russian-ambassador-to-china-says

30 Countries Seek to Join BRICS, Russian Ambassador to China Says

Russian Ambassador to China Igor Morgulov disclosed that approximately 30 countries are interested in joining the BRICS economic bloc in an opinion piece published by the South China Morning Post last week. BRICS welcomed five new members in January: Egypt, Iran, the United Arab Emirates (UAE), Saudi Arabia, and Ethiopia. Last week, Russian Presidential Spokesman

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