The Syrian Center for Economic Research (SCER) has introduced an audacious proposal aimed at revitalizing Syria’s beleaguered economy. Amidst a backdrop of ongoing crisis, hyperinflation, and massive currency devaluation, the SCER’s initiative seeks to legalize Bitcoin and digitize the Syrian pound, aspiring to forge a robust digital economy that can deliver sustainable development. This approach
Crypto
On December 31, a noteworthy development was registered with the Swiss Federal Chancellery as a new initiative emerged, aiming to facilitate the Swiss National Bank’s (SNB) inclusion of Bitcoin in its monetary reserves. Led by a coalition of ten Bitcoin proponents, this initiative includes prominent figures such as Giw Zanganeh, Tether’s vice president for energy
Bitcoin, the pioneer of cryptocurrency, has historically shown positive seasonality, particularly during the final quarters of its halving years. However, recent events suggest that this trend may be waning, as observed through fluctuating price dynamics over the past few weeks. This shift highlights a critical moment in the market, wherein traditional drivers of demand—most notably,
The cryptocurrency landscape has seen a multifaceted evolution over the years, with Shiba Inu (SHIB) emerging as one of the most notable names in the sector. Originally launched with a staggering total supply of one quadrillion tokens, SHIB has gained considerable traction among investors and meme enthusiasts. Following a year of notable developments and substantial
As we delve into Ethereum’s performance in 2024, it becomes evident that the cryptocurrency has experienced a rather disheartening year. With only a modest increase of 47%, Ethereum has struggled to regain its past glory, particularly failing to break through the crucial $4,000 mark for a sustained period. In stark contrast, Bitcoin has witnessed a
In a remarkable display of support for the beleaguered developers of the Tornado Cash protocol, Ethereum co-founder Vitalik Buterin has donated 50 ETH, equivalent to around $170,000, to the legal defense fund for Roman Storm and Alexey Pertsev. This significant contribution, announced in a December 31 post by the Juicebox project dedicated to aiding the
The cryptocurrency market has always been known for its volatility and sudden shifts, with assets often reacting dramatically to political and regulatory changes. This behavior has particularly been the case for XRP, Ripple’s native cryptocurrency, which has experienced noteworthy fluctuations, especially in the latter part of 2024. After Donald Trump’s re-election, XRP’s price skyrocketed, raising
Bitcoin has been experiencing significant volatility recently, reaching an impressive daily peak of $96,000 before encountering resistance that soon sent its price plummeting. Within a matter of hours, the cryptocurrency faced a decline of several thousand dollars, highlighting the turbulent nature of today’s market conditions. This rapid fluctuation in Bitcoin’s price is not an isolated
Recently, Binance, one of the leading cryptocurrency exchanges worldwide, has achieved a remarkable milestone: its stablecoin reserves have surged to an unprecedented $31 billion. This impressive feat is particularly noteworthy given that just six months ago, the reserves were a mere $7 billion. Such a considerable leap—an increase of nearly five times—signals not just a
In a significant move that reinforces its commitment to digital assets, Tether, the preeminent issuer of stablecoins, has augmented its Bitcoin reserves by a staggering $700 million. This acquisition was made public as CEO Paolo Ardoino addresses the swirling cloud of fear, uncertainty, and doubt (FUD) that has surfaced regarding the stability of USDT in
