In the wake of prolonged conflict and economic instability, Syria finds itself in desperate need of innovative solutions to breathe life into its ailing economy. The Syrian Center for Economic Research (SCER) has put forth an ambitious proposal aimed at legalizing Bitcoin and digitizing the Syrian pound. This transformative approach seeks not only to combat
Crypto
The evolving landscape of cryptocurrency regulation continues to present challenges for users and investors alike, particularly as the Internal Revenue Service (IRS) seeks to clarify and implement new reporting requirements. In light of these developments, the IRS has introduced a temporary relief measure that is poised to significantly impact how taxpayers approach their crypto transactions,
On December 31, 2022, Switzerland witnessed a significant development in the realm of cryptocurrency. The Swiss Federal Chancellery registered an initiative that proposes the Swiss National Bank (SNB) to include Bitcoin in its reserves. Spearheaded by a coalition of ten Bitcoin proponents, including notable figures like Giw Zanganeh—Vice President of Energy and Mining at Tether—and
The Bitcoin market has gained a reputation for its cyclical nature, particularly during the final quarters of halving years when price rallies often occur. Traditionally, this trend has been buoyed by strong investor demand. However, recent movements in Bitcoin’s price suggest that this customary seasonality may be dissipating. Price fluctuations over the past two weeks
Ethereum’s journey throughout 2024 has been characterized by subdued performance, with the cryptocurrency only managing a 47% increase year-to-date. Unlike its more volatile counterpart, Bitcoin, which experienced a remarkable surge exceeding 120% to achieve a new all-time high in mid-December, Ethereum has yet to establish a new peak above the $4,000 mark. This disparity raises
In the ever-evolving landscape of cryptocurrency, few assets have stirred as much interest and debate as XRP, Ripple’s native token. Following the recent US presidential elections, XRP has emerged as one of the standout performers in the crypto market. After a relatively subdued start to the year, trading within the range of $0.4 to $0.6,
The cryptocurrency market has been on a rollercoaster ride as Bitcoin reached a staggering daily high of $96,000, only to quickly retreat from those heights. The fleeting surge exemplified the inherent volatility that characterizes the crypto space. At the time of this writing, Bitcoin’s current valuation oscillates just above $93,000, reflecting a decline from recent
In a striking turn of events, Binance, one of the leading cryptocurrency exchanges, has recorded an impressive surge in its stablecoin reserves, reaching an all-time high of $31 billion according to recent data from CryptoQuant. This marks a significant rebound from a low of $7 billion in June 2023, representing a remarkable fivefold increase in
Tether, a prominent player in the cryptocurrency landscape, has made headlines by boosting its Bitcoin reserves with a significant addition of $700 million worth of BTC. This strategic move comes at a crucial juncture, particularly as Tether’s CEO, Paolo Ardoino, confronts swirling concerns surrounding the future of USDT, particularly in European markets. The implementation of
On Monday, the cryptocurrency market experienced a notable shift as hourly red candles began to appear, pulling several digital assets—including Ethereum, Dogecoin, and Avalanche—into negative territory for the week. The real standout, however, was XRP, which faced a pronounced decline as the day progressed. As US stock markets wrapped up trading, XRP’s price had plummeted
