The UAE is bringing Avalanche blockchain technology into its national digital identity system, giving blockchain a major government use case. The integration will support the Digital Vault inside UAE PASS, which serves more than 12.5 million people. Following this announcement, Avalanche native token $AVAX jumped over 3%. Avalanche Joins UAE PASS Digital Vault The UAE’s
Strategy’s recent decision to allocate $139.3 million for repurchasing shares of its STRC preferred stock indicates a notable shift in investment priorities. Between September 8 and 13, the company did not engage in Bitcoin transactions, neither buying nor selling. This decision, as highlighted by the tweet from @WuBlockchain, raises questions about future Bitcoin engagement and
Bitcoin ($BTC) returned to $79,000 after Monday’s Wall Street open as markets dissected mixed signals over the US-Iran war. Key points: Bitcoin rises above $79,000 as oil prices fall after US President Donald Trump suggests the Iran war could be nearing an end. Markets raise the odds of a 25-basis-point Federal Reserve rate hike to
Fragmented regulatory regimes are limiting stablecoin adoption in international trade, according to Juan Marchetti, director of the trade in services and investment division at the World Trade Organization (WTO). “The constraint is not technology. It is actually regulation and the lack of development of regulatory frameworks,” said Marchetti during a Monday speech in Geneva, at
While some analysts expect Bitcoin surpassing the $85,000 level to confirm a new uptrend, crypto analyst Sherlock warned that this region could also generate significant selling pressure. According to data shared by Sherlock, spot Bitcoin ETFs in the US have been trading below their total break-even cost, which is around $86,000, for a full 228
While attention in the Bitcoin market is focused on both the Fed’s interest rate decision and the Clarity Act process, which could shape the future of the cryptocurrency market, possible scenarios for Bitcoin were discussed in the Macro Monday program, which featured market experts. At the opening of the program, it was stated that Bitcoin’s
Last week, US CPI data was released. August CPI in the US exceeded expectations, and the persistence of core inflation, in particular, changed expectations regarding the Fed’s interest rate policy. August data exceeded expectations. This has increased the probability of the Fed raising interest rates at its FOMC meetings on September 15th and 16th to
Strateg, one of the world’s largest institutional Bitcoin holders, spent the week without making any purchases, as has been the case for a long time, after a week of buying. The company, which has been making headlines in recent weeks with its $BTC sales, currently holds 845,050 $BTC. Strategy is Not Continued with Bitcoin Purchases!
Crypto data provider Kaiko said it extended a four-year-old funding round to $110 million following an investment led by S&P Global in another sign of the convergence of digital and traditional finance. Kaiko announced the Series B in May 2022, when it raised $53 million, tripling its valuation, which remains undisclosed. A year earlier, the