Author: Steven Sahiounie

Foreign and Expatriates Minister, Dr. Fayssal Mikdad, will pay a working visit to Tunisia tomorrow Monday with the aim of boosting bilateral relations between the two brotherly countries, Syria and Tunisia. The Tunisian Foreign Ministry said in a statement on Sunday that Mikdad’s visit comes upon an invitation from Tunisian Foreign Minister Nabil Ammar. On the 12th of the current month, Syria and Tunisia announced in a joint statement that in response to Tunisian President Kais Saied’s initiative to appoint an ambassador for his country in Damascus, Syria decided to reopen its embassy in Tunisia and appoint an ambassador for…

Crypto exchange Huobi is now one of the bigger withdrawers from the ethereum (ETH) staking contract, having pulled out over 50,000 ETH. The exchange, however, started redepositing it from another wallet. So far it has returned 16,000 ETH into the contract following the recent Shanghai upgrade that requires a fresh set of validators. huobi are one of the bigger withdrawers from the eth staking contract so far (~50ke+) but they’ve just started redepositing it from another wallet. Huobi tops entities withdrawing from Ethereum Huobi is among the top entities withdrawing from Ethereum with a share of 28.3%, or 39,776 ETH.…

In the crypto space, it is not uncommon for investors to be in it for the long haul. But with the Shiba Inu token (SHIB), the number of long-term holders has reached an unprecedented level. According to data from IntoTheBlock, the number of addresses that hold SHIB for one year and more has reached an all-time high at the 835,780 mark. These “hodlers,” as such wallets are nicknamed, now make up 67.35% of all addresses holding SHIB. Meanwhile, the number of “cruisers” and “traders” holding Shiba Inu tokens has decreased. Cruisers, who hold the token for one month to twelve…

Holger Zschaepitz, a prominent financial analyst, recently tweeted that Bitcoin’s surge past $30,000 is only the beginning, and it will take much more than that to fuel a lasting crypto recovery. Zschaepitz’s comments come amidst the backdrop of a crypto industry that has faced significant turmoil over the past year, including a recent 87% decline in venture funding for crypto and blockchain startups in Q1 2023. The fallout from last year’s crypto scandals and the collapse of several major startups have left the industry in a state of uncertainty. While Zschaepitz acknowledges that Bitcoin’s rebound may be the start of…

XRP experienced a surprising 5.8% price spike recently, a move that most investors did not anticipate. Despite the initial excitement, XRP was unable to sustain this rally as its price quickly reversed from the $0.5 mark and returned to its pre-pump price range. Currently, XRP is following an uptrend guided by the 21-day moving average. However, the widening gap between moving averages is a cause for concern as it typically precedes a market correction. When analyzing the XRP price movement, it is essential to understand the role of moving averages in identifying trends and potential market reversals. Moving averages smooth…

Pakistan signed a $6.5 billion bailout package with the IMF in 2019, but has repeatedly reneged on conditions and so far just $3 billion has been released. Pakistan has announced financial support from the United Arab Emirates and China totalling $1.3 billion, giving the ailing economy a shot in the arm as it seeks to meet conditions for the resumption of an International Monetary Fund bailout. Finance Minister Ishaq Dar said on Friday that the UAE had promised a billion dollars to prop up Pakistan’s forex reserves – which at their current level of $4.04 billion can barely pay for…

Bitcoin and Ethereum, two of the largest digital currencies, have been making headlines lately as their values continue to rise. It has recently surpassed the $30,000 mark, while Ethereum, which is the second-largest cryptocurrency globally, has reached a multi-month high of $2,000. Ethereum (ETH) has experienced a surge in price following the successful execution of the Shanghai and Capella (Shapella) upgrades. This bullish sentiment has driven the price of Ether to reach a year-to-date high of $2,123 on April 14. The Ethereum decentralized finance (DeFi) ecosystem has experienced a 30% spike in daily fees as a result of the update, which has led to…

By applying new innovative methods, the head of the Iranian Copper Association adds that taking advantage of the available copper mineral will increase four times by the year 2050. Reaching an annual export worth of copper, amounting to $10 billion is ‘feasible’, according to the head of the Iran Copper Association, Bahram Shakouri. In an interview with IRNA, Shakouri stated that the national copper industry would require not mere development but also support in order to generate $10 billion that could serve as foreign currency for Iran. By applying new innovative methods, he added that taking advantage of the available copper…

The memorandums tackle the development of oil and gas fields and the reconstruction and renovation of Venezuelan oil refineries. Iran and Venezuela signed a number of memorandums of understanding on the development of oil and gas fields, the reconstruction of refineries and petrochemical complexes, and oil trade, Iranian news agency Mehr reported on Sunday. According to the news agency, the documents were signed in the presence of Iran’s Oil Minister Javad Owji and Venezuela’s Vice President Delcy Rodríguez and Oil Minister Pedro Rafael Tellechea in Caracas. It added that the memorandums tackled the development of oil and gas fields and the reconstruction…

Saudi Arabia transferred tens of billions worth of shares from Aramaco to the control of the country’s sovereign fund, state media reported on Sunday. According to the Saudi Press Agency, a four percent share was transferred to Sanabil Investments, a company owned by Ryiadh’s Public Investment Fund (PIF) – a sovereign national wealth fund with an estimated asset wealth of around $620 billion, making it one of the largest in the world. Last year, the Kingdom also transferred four percent, estimated then to be worth nearly $80 billion, to the country’s fund, highlighting the ongoing plan by Crown Prince Mohammed bin…