Author: Steven Sahiounie

The efforts to expand Bitcoin development and adoption in Africa and Central America continue. So the market is looking pretty comfortable with BTC after the failures of Silicon Valley Bank and others with crypto exposure. After shocking customers, markets, and regulators earlier last month, their effect on BTC’s market value seems priced into the momentum. While crypto yield scheme crashes and bank runs haven’t been able to keep down bitcoin’s price, something’s pushing it higher. That’s industry development and user adoption happening all over the world. Two of the most promising regions for crypto growth are Africa and Central America.…

According to the latest filing with the Securities and Exchange Commission (SEC), Private Advisor Group LLC has reduced its holdings in the US-based crypto exchange Coinbase Global by 19.8%. This information was captured in a report by MarketBeat on Saturday, noting the firm now owned 16,730 shares of the crypto exchange’s stock after selling 4,135 shares. Notably, Private Advisor Group LLC’s holdings in Coinbase Global were worth $592,000 at the end of the most recent reporting period. The decrease in the group’s holdings could indicate a lack of faith in the crypto firm, leading to further selling pressure on the…

South Korean authorities have confirmed that they have asked the crypto exchange Binance to freeze crypto belonging to the Terraform Co-founder Daniel Shin. The broadcaster KBS reported that the prosecution had “requested a freeze action from” Binance, “in relation to [cryptoassets] that appear to be owned by Shin.” An official from the Seoul Southern District Prosecutor’s Office claimed that Shin had sent a “large variety” of coins to “overseas exchanges, including Binance.” The official explained that the exchange had been asked to “freeze” the funds “as soon as it is confirmed” that Shin was indeed the owner. The prosecution claims that the coin stash includes Bitcoin…

Shiba Inu (SHIB), the world’s second-largest dog-inspired meme coin with a market capitalization of close to $6.5 billion, was last changing hands close to $0.000011 per token, broadly flat on the day. Trade in cryptocurrency markets on Friday has been subdued with most traditional financial markets in Europe and the Americas closed for Good Friday. The just released US labor market report for March was mostly in line with expectations, thus failing to trigger any meaningful breakouts in the crypto market. For now, Shiba Inu is holding up despite sell pressure in rival memecoin Dogecoin, which was triggered by Twitter removing the Dogecoin logo…

Bitcoin (BTC), the world’s largest cryptocurrency, failed to prolong its upward rally and dropped below $28,000 on Friday. Bitcoin had been on a positive trend, reaching a high of $29,000 earlier in the week. Although, it was short-term gains as it dropped below $28,000 today, signaling a bearish sentiment in the market. However, Bitcoin continues to struggle to break through the $28,250 resistance level, while Ethereum is showing signs of consolidation. Crypto Market Fundamentals The reason for its upward rally could be attributed to the bullish US dollar, which rose lately after the release of strong US job growth data, increasing the…

A surprise production cut announcement this week from Saudi Arabia and several other OPEC+ oil producers complicates the Federal Reserve’s mission to cool the economy and could worsen inflation in the United States, economists say. Energy prices across the globe surged last year fueling global inflation just as the world’s major economies were beginning to rebalance after the pandemic. Since then, a drop in energy prices has helped cool US inflation, which has fallen from a 40-year peak of 9.1% in June to 6% in February, year over year, according to the Consumer Price Index. Energy prices, which make up around 7.5% of the overall index, were up…

Tesla cut prices in the United States between 2% and nearly 6%, its website showed on Thursday, as the company extends a discount drive on its electric vehicles that analysts caution could hurt profitability. The fifth such cut in Tesla’s largest market since the start of the year comes as the United States prepares to adopt tougher standards this month that are expected to limit EV tax credits. Tesla (TSLA) cut prices on both versions of its Model 3 sedan by $1,000 and on its Model Y crossover by $2,000, the website showed. It also cut prices on both versions of its…

On April 4, the Basmanny Court chose a preventive measure in the form of detention for a period until June 2, 2023 for Trepova Lawyers of Daria Trepova, accused of a terrorist attack in a St. Petersburg cafe that killed war blogger Vladlen Tatarsky, have not appealed her arrest yet but they still can do it by mail. An official with the Basmanny Court of Moscow told TASS about this on Saturday. On April 4, the Basmanny Court chose a preventive measure in the form of detention for a period until June 2, 2023 for Trepova. The defense asked for…

Iranian President Ebrahim Raisi called for holding an emergency meeting of the Organization of Islamic Cooperation (OIC) to discuss ways to confront the brutal actions of the Israeli regime. During a phone call with his Turkish counterpart Recep Tayyip Erdogan on Friday, Raisi also urged a convergence in the Muslim world against the atrocities of the Israeli regime as the occupation forces assaulted defenseless worshippers at al-Aqsa Mosque. The Iranian president strongly slammed the recent attacks of the Israeli forces against al-Aqsa Mosque as a desecration of the holy place. He also slammed Israeli aggressions on Syria and Lebanon. Stressing…

The Palestinian Prisoner Club (PPS) said today that the Israeli occupation authorities continue to hold Palestinians in administrative detention without charge or trial and under the pretext of having a “secret file” and that the number of administrative detainees in Israeli jails has reached 1016 until the end of March, including six minors and a female prisoner, the highest since 2003. It said that the number of administrative detention orders issued since the beginning of this year amounted to about 800, most of them were new orders. The PPS said administrative detention has increased significantly since last year compared to…