The International Monetary Fund (IMF) has cautioned that a US default on its debt obligations could have severe consequences for both the American and global economies. During a press briefing, IMF Director of Communications Julie Kozack expressed concern over the current debt ceiling crisis that is taking place between the White House and Congress. She
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Bitcoin’s price has fallen below its 55-day support level of $27,000, causing $100 million worth of long BTC futures contracts to be liquidated. The two-day, 7% correction resulted in a drop to $26,155, but Bitcoin margin and futures markets remained strong, providing hope of a recovery towards $28,000. Despite this, regulatory uncertainty in the United
Russian companies are exploring the use of cryptocurrency to pay for imports and receive crypto payments from foreign buyers of Russian exports. According to Anatoly Aksakov, Chair of the State Duma Committee on the Financial Markets, “big” Russian companies are already “using cryptocurrency to make payments.” The anti-crypto Central Bank has recently agreed to allow
China, one of the biggest economies in the world, has recently reported its lowest inflation numbers in over two years. According to data from the National Bureau of Statistics (NBS), the Consumer Price Index (CPI) increased by 0.1% year-over-year, which is a significant drop from the 0.7% registered in March. The decline in prices was
Mooky is a new meme coin that aims to make a difference not only for its investors but also for the environment. Its presale offers its supporters the chance to invest in a greener future while enjoying unique features like Ventures Club, 3D NFTs, and upcoming mini-games. With its distinctive focus on environmental protection and
Binance, a major cryptocurrency exchange, announced on May 12 that it will be halting operations in Canada. The company stated that it is joining other crypto companies who are “proactively withdrawing from the Canadian marketplace.” Despite Canada being a small market with sentimental value, Binance explained that recent regulatory guidance in the country has made
Pepecoin’s market valuation decreased by 65% on May 12, a week after achieving a record high of $1.54 billion. Profit-taking accounts for the primary reason behind this extreme price correction, as the cryptocurrency rallied from negligible to as high as $0.00000372 after its launch on April 14. Pepecoin emerged as the fastest-growing ERC-20 token in
The US Securities and Exchange Commission Republican leader, Hester Peirce, believes that Europe’s recent legislation to regulate cryptocurrency could serve as a model for the US. Peirce, who is also known as “Crypto Mom,” spoke at a Financial Times event, where she praised the Markets in Crypto Assets law (MiCA) passed by the European Union
Coinbase, a leading cryptocurrency exchange, announced on May 12 that it has established a Global Advisory Council. The new council is created to help Coinbase stay abreast of changing regulatory landscapes as it continues to expand its operations. The council will be composed of seasoned experts with extensive regulatory expertise. The council will include Senator
Binance, the largest cryptocurrency exchange in the world, has announced that it will be withdrawing from the Canadian market. The decision comes following new guidance around stablecoins and investor limits. Binance had been exploring alternative options to protect their Canadian user base, but ultimately determined that none were feasible. Canadian Securities Administrators Tightens Regulations The
