Saudi Arabia’s banking regulator recently appointed Mohsen AlZahrani to lead its virtual assets and central bank digital currency program in a sign of the Gulf state’s potential crypto ambitions. Saudi Arabia has until now taken a more cautious approach on virtual assets, with officials raising concerns about their speculative nature. Yet the emergence of the…
The crypto market has been highly volatile since the Jackson Hole speech by US Federal Reserve chair Jerome Powell on August 26. The total market cap on cryptocurrencies fell below $1 trillion for the first time in over a month. “The Fed chairman’s comment on tightening the economy further led to fall in crypto markets,…
The student loan forgiveness in 2022 is a great opportunity for those who have been struggling to repay their student loans. This program will provide relief to borrowers by forgiving their remaining student loan balance. However, there are certain requirements that borrowers must meet in order to qualify for this program. In this article, we…
Bitcoin quivered but didn’t fold after Jerome Powell signaled higher-for-longer interest rates to fight inflation, a pattern that for brave prognosticators could be a hint of a floor for the digital token. The largest cryptocurrency is down about 6% since Powell’s hawkish Aug. 26 Jackson Hole speech underlined that the Federal Reserve wants to subdue…
The crypto market faced heavy losses on Saturday and Sunday after Jerome Powell, chair of the Federal Reserve (Fed), signalled that they may continue to raise interest rates sharply in the coming months. Crypto market cap fell below the $1 trillion mark after staying above the mark for over a month. “While higher interest rates,…
The crypto world has been abuzz about Ethereum’s upcoming software upgrade. Yet there’s a divide in terms of how to position for the so-called Merge: retail investors have been selling the underlying token, while institutions continue to buy. The trading desk at Genesis saw “some fresh bullish ETH views expressed” with investors buying calls and…
More than half of all Bitcoin daily trading volumes are reportedly fake, as the world’s largest cryptocurrency nosedives again amid global economic turmoil. According to a Forbes analysis of 157 crypto exchanges and trading platforms, more than half (51 per cent) of all reported trading volume is likely to be fake or non-economic. “We estimate…
Credit scores are important if you want to access credit products such as loans and credit cards. A high credit score indicates to lenders that you’re a low-risk borrower, which could lead to them approving your application. Conversely, a low credit score may mean you’re seen as a higher-risk borrower, which could lead to your…
After showing some stabilisation in the last few weeks, world’s largest cryptocurrency Bitcoin has plunged once again below $20,000 after Federal Reserve Chair Jerome Powell’s keynote address. Bitcoin initially showed little reaction to Powell’s remarks, but then nosedived sharply and on Sunday, it was hovering around $19,975 per digital coin which is more that 60…
High net individuals (HNIs) can no longer sidestep the rules and regulations to trade in stocks, cryptocurrency and derivatives abroad. With the new rules and regulations, they are now required to be more careful with foreign investments, according to a report by Economic Times (ET). According to the new rules of the Liberalised Remittance System…
