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Cryptocurrency markets rose over the weekend and maintained their momentum in early Monday trading in Asia. A slew of economic and inflation reports to be released this week could provide further tailwinds, especially if the likelihood of another deep rate cut increases. “Last week, a 50 basis point rate cut in November was almost fully priced in, but that could change,” the Kobesi letter said. Last week’s jobs data confirmed continued resilience in the job market, increasing the odds that economic growth will remain above trend this quarter. Economic event October 7th to 11th The Federal Reserve is expected to…

What is the Blockchain Supply Chain Market? The Global Blockchain Supply Chain Market was valued at USD 497 million in 2021 and is projected to skyrocket to an astounding USD 18,714 million by 2030, growing at a compound annual growth rate (CAGR) of 50.4% from 2022 to 2030. As industries continue to embrace digital transformation, blockchain technology is revolutionizing the way supply chains are managed. This cutting-edge technology offers unparalleled transparency, security, and efficiency, addressing long-standing challenges such as fraud, inefficiency, and lack of trust within supply chain networks.Blockchain technology, with its decentralized and immutable ledger system, has the power…

Cryptocurrency analyst Javon Marks maintains his forecast for Bitcoin to rise 84% and reach the six-digit price range after breaking out of that range. In today’s Bitcoin News, Marks noted that the largest cryptocurrency by market capitalization is gearing up for an 84% increase from its current price of $63,500. Analysts said the top crypto asset will break through the major resistance level at $67,556 before reaching the $116,600 target. Analysts remain bullish on Bitcoin Notably, Marks speculates that this will prevent Bitcoin from rising to $116,600 for some time. On September 22nd, the experienced analyst claimed that Bitcoin seems…

We recently compiled a list of the 13 most promising fintech stocks to buy. In this article, we’ll take a look at how Global Payments Inc. (NYSE:GPN) stands compared to other promising fintech stocks.Global Fintech OverviewAccording to a report by Expert Market Research, the global fintech market was valued at $226.71 billion in 2023 and will grow to $917.17 billion by 2032, with a compound annual growth rate of 16.8% from 2024 to 2032. is expected to grow. CNBC published comprehensive market size. Fintech industry distribution by category. Industry composition: 20% payments, 16% alternative finance, 14% neo-banking, 12% wealth technology,…

Coinbase, one of the largest cryptocurrency exchanges, will delist unapproved stablecoins across the European Union by December 30, 2024 to comply with EU Markets in Crypto Assets (MiCA) regulations announced the decision to These rules require stablecoin issuers to hold an e-money license in at least one of the EU’s 27 member states in order to continue operating within the region. According to a recent report by Camomile Shumba for CoinDesk, Coinbase emphasized its commitment to regulatory compliance in a statement sent to CoinDesk. By the end of the year, users in the European Economic Area (EEA) will be restricted…

The cryptocurrency market is currently in recovery mode. Due to changing geopolitical narratives and dynamics, Bitcoin fell significantly last week, trading at $60,000. However, BTC has regained some of its lost strength and is now at $62,000. The altcoin market is also reacting positively to this change, with Ripple (XRP) and Dogecoin (Doge) awaiting a bullish price outlook. Will it be able to regain new highs in October this year?Also read: US debt soars to $35.7 trillion, weighing on USDRipple (XRP) price predictionSource – CryptoRankRipple is one of the leading cryptocurrencies in this space. With the progress of the Bitwise…

Ethereum could soon see a significant performance upgrade due to new proposals to improve the speed and efficiency of the network. A recent Ethereum improvement proposal (EIP-7781) introduced by Ben Adams, co-founder of Illyriad Games, proposes reducing the block time from the current 12 seconds to just 8 seconds. According to the developer, this increases throughput by 50%. Announced on October 5th, the EIP aims to reduce transaction times by reducing the time it takes for new blocks to be added to the Ethereum blockchain. Additionally, it increases the capacity of BLOBs, which are temporary data structures that help lower…

Written by Kevin BucklandTOKYO (Reuters) – Asian stocks rallied and the dollar weakened on Monday after big U.S. labor market data eased fears of a recession and sharply lowered hopes for interest rate cuts. The yen hit a new high for the first time in seven weeks.U.S. Treasury yields hit a two-month high and rose after Friday’s closely watched non-farm jobs report showed economic growth in September unexpectedly showed the biggest job gain in six months. Expanded width.Oil prices fell from a one-month high even as Israel bombed targets in Lebanon and the Gaza Strip, and Monday marked one year…

From November 15, 2024, the UAE will exempt virtual currency transactions and conversions from value added tax (VAT) applicable to both individuals and businesses. While other countries remain cautious about enacting clear crypto regulations, the UAE is taking an open and proactive approach. How have crypto regulations changed in the UAE? Prior to the tax exemption policy, the UAE imposed a 5% VAT on cryptocurrency transactions, similar to other commercial transactions. However, the decentralized and anonymous nature of cryptocurrencies has posed challenges to taxing them. Previous tax regulations created barriers for companies and individuals to enter the cryptocurrency market. The…

According to the valuation, if XRP can capture 10% of the global derivatives market, the price of XRP could reach four digits, but there is a catch. XRP has been the focus of multiple bullish predictions recently. One of the main factors contributing to this trend is the untapped potential of the altcoin and its associated blockchain, the XRP Ledger (XRPL). XRP is undervalued In particular, XRP started off well a few years ago, with its price increasing over 60,000% from 2017 to January 2018, reaching an all-time high of $3.31. Within this period, XRP’s growing utility in cross-border payments…