Economy
Composite Interest Rate Drops to 2.65% in April 2024, Announces HKMA
The Hong Kong Monetary Authority reveals a decrease in the composite interest rate for April 2024.
UK Aims to Implement Crypto Regulation Soon
The UK plans to establish digital asset regulation within a year to take advantage of blockchain's benefits for the private sector and the economy, according to Andrew Griffith, the economic secretary to the UK Treasury.
Crypto Firms Make Job Cuts Amidst Ongoing Crypto Winter
Protocol Labs, Chainalysis, and Bittrex slashed 216 employees during the crypto winter.
National Australia Bank to Launch Ethereum-Based Stablecoin
NAB will introduce an Ether-based Australian dollar-pegged stablecoin. Reports say the AUDN stablecoin streamlines cross-border transfers and carbon credit trading.
Data Shows US Economy Shrinks Amid Recession while Crypto Surges in Bearish Rally
According to the New York Empire State Index, a weakening of the U.S economy is worrying manufacturers. Meanwhile, Bitcoin and other cryptocurrencies are seeing a rally in their movements.
Russian Finance Ministry on Track to Legalize Crypto for Cross-Border Payments
The current economic landscape in Russia is forcing both the Central Bank and the Ministry of Finance to rethink their approaches to cryptocurrencies.
Russian PM Considers Digital Assets for Cross Border Payment
Mikhail Mishustin, the Prime Minister of Russia, has hinted at the need to incorporate digital assets into the country’s economy as a way to ensure sustainable payment for goods and services in international trade.
New Optimistic Buyers Flock to Bitcoin, BTC & Macro Relation
In analyzing Bitcoin on-chain activity, we at ChangeNOW can see that long-term holders, who are less affected by BTC price volatility, never left the market, while short-term speculators escaped during the recent sell-off, allowing more optimistic buyers to enter
Bitcoin Provides a Check Against Economic Mismanagement, says US Politician
US politician Ro Khanna has shared a tweet that is bullish on Bitcoin. He also advocated for sustainable cryptocurrency mining operations.
3 Reasons Why Bitcoin Price Will Continue Rising
Institutional demand, subsiding price volatility, and the Federal Reserve having no plans to taper its economic relief spending are 3 reasons why Bitcoin will continue to rise.