Crypto

On December 4, 2023, bitcoin’s price exhibited significant movements trading between $39,409 and $42,155 during the intraday sessions. The crypto asset briefly crossed the $42K zone — a height not seen since the Terra LUNA crash. Bitcoin’s current market capitalization is around $813 billion as it trades for $41,556 per unit at the time of writing. Bitcoin Presently, bitcoin’s relative…

Zak Taher, the CEO of Multibank.io, said he believes the United Arab Emirates (UAE) is the most attractive investment destination for overseas digital asset companies due to its effective governance and the leadership of its individuals. The UAE’s status within the global financial landscape, combined with its geographical advantages and favorable time zone, further enhances its appeal as an…

On Saturday, December 2, 2023, the cryptocurrency market exhibited a positive trajectory, advancing by 1.91% to reach a total value of $1.48 trillion. Notably, bitcoin achieved a peak of $39,705 within the day, marking its highest value since late April 2022. Crypto Economy Climbs Nearly 2% on Saturday, Hits $1.48 Trillion Valuation The overall cryptocurrency market experienced a surge this…

Only five percent of surveyed South African crypto-asset financial service providers (FSPs) are generating revenue between $8 million and $10 million. The Financial Sector Conduct Authority study found that many of the crypto asset FSPs “earn their revenue from trading fees.” Only 10% of FSPs Derive Income From Both Regulated and Unregulated Financial Services According to findings of a crypto…