Cryptocurrency

The Philippines' Cagayan Economic Zone Authority (CEZA) confirmed its primary objective is the establishment of an inside airport located in the Crypto Valley of Asia. Following this insight, the initial cost that will be incurred in the creation process would be an approximated value that lies between $60 million to about $80 million, based on the claims by the Chief Executive Officer of the organization. The establishment's major significance and realization follow the genuine in-depth understanding of the Crypto Valley…

Qatar Financial Centre, QFC, says Qatar residents can no longer utilize any virtual asset, including cryptos, this year. The new law bans whatever is of value, acting as a substitute for currency, capable of getting traded or transferred digitally, and usable for payment or investment purposes. There will be no promotion of any invention within the features above, even if they are not blockchain-based. For instance, gift cards and coupons have the characteristics described by the new law. In this…

Last year, there was an exponential growth in the number of rooms booked through Travala.com. A recent report shows that another milestone got crossed the previous month. From November to December, the number of bookings rose by 15%. Additionally, at the same time, the average price per room night inclined by approximately 16% as the bookings peaked. Also, over 60% of the bookings last month got paid with cryptos. Some of the Cryptos Travala Customers Used for Payment Travala customers…

Paul Veradittakit, a Pantera Capital partner, has influenced the digital currency market and blockchain technologies through hedge fund investments and venture capital contributions. Following his recent insights based on significant concepts primarily related to cryptocurrency, he shows his great interest in the crypto market. He is also seen to propose his comments and thoughts on this year's projections.  Veradittakit Comments on Cryptocurrency Predictions From his point of view, he had an in-depth understanding of the major events that happened concerning the digital currency…

Get the weekly summary of cryptocurrency market trends, news, and forecasts! This Week’s Summary • The Crypto Market ends the week at a total market capitalization of $197 billion • Bitcoin price spends most of the week under the $7,000 mark only to recover on the weekend • Ethereum is still desperately waiting for the bulls just above the $130 barrier • Ripple starts the year hoping to go over the $0.20 threshold before January ends • International turmoil between the…

The Philippines' region accepts assistance from the International Monetary Fund (IMF) based on the digital currencies' cryptocurrency technicalities. It followed the IMF's beliefs in the possibility that the region will exhibit a large market for cryptocurrencies. The organization has assisted the BSP, the central bank of the region, in recommendations that reflect on the regulation of cryptocurrencies; this is explained from data collected based on cryptocurrency exchanges approved quarterly.  IMF Report The thirty-four pages report presented by the International Monetary Fund on…

An ICO approval by the AMF (‘Autorité des marchés financiers) illustrated some conditions a few days ago that was primarily in line with regular best practices all around the globe. It also elaborated on the basic facts that show the urgency and necessity of having simple rules and regulations that govern space activities in cryptocurrency.  The rules set in place function concerning the provision of secure issuing of digital assets, ensuring the issuers are in complete compliance with the primary standards and procedures…

In today's day and age of digital growth and technological advancements, almost everyone has heard of Bitcoin. From being obscure in 2010 to being an asset of great value as of 2023, cryptocurrencies and blockchain technology have come a long way. To put it into perspective, blockchain technology was once thought not to last the trial time presents. Not only has blockchain technology proven its detractors wrong, but it has also found its place in several business sectors, including travel,…

Several Central Banks are showing interest in exploring the likelihood of issuing their Central Bank Digital Currency (CBDC). China’s Central Bank seems close to launching its own known Digital Currency Electronic System. Central banks are seriously looking into digital currencies; however, some of these banks’ officials resist digital assets. Regardless, there is increasing cryptocurrency adoption, which is fueling the possible issue of CBDCs by Central Banks. The US Fed Exploring the Likelihood of Launching a CBDC Recently, James Powell of…