Author: Steven Sahiounie

The Syrian Civil Aviation Authority announced the return of Aleppo International Airport to service and the resumption of flights, as of the dawn of Wednesday. The Syrian Civil Aviation Authority said in statement that its cadres, in cooperation with the authorities and institutions concerned, have repaired the damages caused by the Israeli aggression and put the airport back into service. It also called on the national airlines to arrange their flight schedules through the airport and to serve passengers as usual. On May 1st, a military personnel was martyred and seven others, including two civilians, were injured in Israeli aggression…

Delegation of the Syrian Arab Republic, chaired by Foreign and Expatriates Minister, Fayssal Mikdad, arrived in Moscow on Tuesday to take part in the quadripartite meeting to be held by foreign Ministers of Syria, Russia, Iran and Turkey. The Syrian delegation is expected to hold bilateral meetings with the Russian and Iranian delegations to affirm the importance of ending the Turkish occupation of Syrian territories, the withdrawal of the illegitimate foreign troops from the country and stop support of terrorism. Source: SANA

The former head of major crypto exchange BitMEX and now prominent essayist Arthur Hayes has come out with his new work titled “The Denominator.” In it, Hayes, comparing the current situation in the U.S. banking sector to friends splitting the bill at a nightclub, tries to answer the question: Who will pay for the banking crisis ignited by the Fed’s deflationary policies? Along the way, Hayes offers rescue options which, according to the author, guarantee not only safety but also the possibility of making a profit in the midst of the financial storm. If we try to answer the author’s…

The cryptocurrency market has been experiencing a lot of turbulence lately, with both Bitcoin and Ethereum struggling to gain momentum. Bitcoin is currently facing bearish pressure and struggling to stay above the $27,750 support level, leading many traders to speculate whether more sell-offs are on the way.  Meanwhile, Ethereum has failed to break above the $1,850 resistance level, leaving investors wondering if there’s more downside ahead.  In this price prediction, we’ll take a closer look at the current state of both Bitcoin and Ethereum and provide some predictions on where the market may be heading. Bitcoin Price Falls for Fourth Consecutive Day as…

Bittrex US has filed for bankruptcy in a federal court in Delaware less than a month after the US Securities and Exchange Commission accused the crypto platform of running an unregistered securities exchange. On Monday, the US arm of cryptocurrency exchange Bittrex Global filed for Chapter 11 bankruptcy, the company announced in an official press release.  The exchange noted that the bankruptcy filing would not impact Bittrex Global, which serves customers outside the United States. The exchange will continue operations “as normal” for customers outside the US. In early April, Bittrex announced that it is shutting down US operations due to an uncertain…

The Central Bank of Brazil has effectively blocked crypto firms from taking part in its central bank digital currency (CBDC) pilot. The bank this month issued a call for interested firms to join the next phase of its pilot. But while the bank did not explicitly rule out the participation of crypto companies, the media outlet Livecoins explained that the call was a de facto snub for crypto players. The bank requires all would-be participants to be registered and regulated finance or fintech providers. But as crypto firms are not currently regulated under Brazilian law, this effectively means companies in this sector cannot even apply to…

Apollo Global Management has teamed up with crypto investment firm NovaWulf to explore the acquisition of the bankrupt cryptocurrency lending platform, Celsius Network. On April 30, Celsius named several companies interested in buying the lender, including NovaWulf, Fahrenheit LLC, and the Blockchain Investment Recovery Committee. “NovaWulf […] is one of several parties bidding for Celsius’s assets alongside a consortium that includes crypto exchange Gemini Trust, court documents show,” according to Bloomberg. On Monday, CoinDesk reported, citing “a person familiar with the matter,” that Apollo, a private equity and private credit investor managing over half a trillion dollars in assets, is supporting NovaWulf as a capital partner in its bid for Celsius. The…

The XRP price has dropped by 2.5% in the past 24 hours, falling to $0.425150 as the cryptocurrency market as a whole declines by 1%. This dips means that XRP has fallen by 8.5% in the past week and by 16% in the last 30 days, although the altcoin remains up by 25% since the beginning of the year. Despite XRP’s losses today, Ripple has published a report on central bank digital currencies that underlines the key role the company, and XRP, is likely to play in the economy of the future. And with the company expecting a positive outcome in its…

The move worked out in the end as the entity is sitting on a fat profit of several hundred thousand. Crypto traders are paying through the roof to get in early on newly-issued meme coins and rack up a large percentage of the supply. On-chain data shows a trader paid over 64 ether (ETH) in fees on Monday to get 84 ether worth of four (FOUR), a newly-issued meme token on the Ethereum blockchain likely based on the Crypto Twitter meme of “4.” This means that the trader spent over $120,000 to get $156,000 worth of FOUR tokens. However, some sleuths…

The widening discrepancy between the bitcoin price on Binance’s U.S. arm and global counterparts has some observers worried about impending legal action directed at the unit. The gap between bitcoin’s price in U.S. dollars (BTC/USD) on prominent digital assets exchanges like Binance and Coinbase and the price on Binance’s U.S. arm has widened sharply this month, causing unease among crypto commentators on Twitter. At 09:26 UTC Tuesday, the BTC/USD pair listed on Binance.US traded at a nearly $650 premium to its Coinbase-listed counterpart and to Binance’s bitcoin-tether pair (BTC/USDT) – a significant rise from the premium of around $20 seen at the end of…