Author: Steven Sahiounie

Traders withdrew US$6 billion in three days from Binance, according to the world’s largest cryptocurrency exchange, as it assured investors who have been spooked by FTX’s collapse that it has enough capital to sustain its operations. The mass withdrawals from December 12 to 14 were all honoured, Binance said in a Chinese-language blog post on its website, which maintained that its financial situation is sound and that it is not facing any liquidity crisis, without divulging the amount of capital it has. The statement was the first acknowledgement by Binance in the face of mass withdrawals following the November 11 bankruptcy of its smaller rival…

Significant cryptocurrency price is seeing a slight jump despite the ongoing market scenario, as Polygon, Shiba Inu, Bitcoin trades in green.Cryptocurrency Price Today: The morning following Christmas sees a mixed market reaction, as some significant crypto are trading in green whereas other coins plunge.Polygon is up by 0.79% in the last 24 hours. Shiba Inu increases by 0.20%. Bitcoin rises by 0.30%. PancakeSwap dips by 0.88%.Terra Classic jumps by 3.29%. Ethereum hikes 0.19%. XRP surges by 0.24%.Dogecoin dips by 1.28%. FTX Token is down by 1.12%. Solana drops by 0.65%.The global crypto market cap sees an increase of 0.22% compared to the previous day and stands at…

Inclusive business is a conscious decision by a commercially viable enterprise to accommodate the poor, vulnerable and economically disadvantaged in an organisation’s value chain. As organisations struggle to get a fair share of the market to remain afloat, doing so could be a difficult task. We have seen businesses strive to make profit and influence consumption patterns in their sector to their benefit. Meanwhile, these businesses could do so by making an impact for the common good of society, hence a case for inclusive business.The business model must cater for the needs of those at the base of the pyramid.…

However, if you have invested in this token, this is not a day for you. PancakeSwap dips by 0.88% in the last 24 hours. The market cap is presently at 546.856 million USD. Trading volume hikes by 47.35%. Each CAKE token is selling for 3.34 USD.Inclusive business is a conscious decision by a commercially viable enterprise to accommodate the poor, vulnerable and economically disadvantaged in an organisation’s value chain. As organisations struggle to get a fair share of the market to remain afloat, doing so could be a difficult task. We have seen businesses strive to make profit and influence…

Bitcoin remains the most-searched cryptocurrency in 2022 by far thanks to its top-brand status and being in a league of its own when it comes to decentralization.Cryptocurrencies have suffered immensely in 2022 from the onslaught of a hawkish Federal Reserve and the implosions of crypto platforms FTX, Terra, Celsius Network, and others.What were the most-searched cryptocurrencies in 2022?Notably, the market valuation of all the cryptocurrencies combined has dropped 70% year-to-date (YTD) to nearly $770 billion, signifying massive capitulations by traders and investors alike.The waning demand has also pushed the internet requests fo6r the keyword “buy cryptocurrency” to their lowest since February 2020, according to Google…

French President Emmanuel Macron called on Lebanon to “get rid” of its political leadership who have for months blocked reforms vital to save its stricken economy. He said an international conference to offer support to the country would be organised in the coming weeks. “The problem with Lebanon is that we must solve people’s problems and get rid of those who cannot do it,” Macron said, referring to the country’s entrenched political class — widely blamed for the country’s financial collapse since late 2019.”Lebanon must change its leadership,” he said in an interview on Friday with three media outlets including Lebanon’s…

Foreign experts have dubbed the Vietnamese economy as a miracle in Asia and a bright spot of economic growth in Asia-Pacific as a result of the Vietnamese Government’s sound and effective economic management policies.Hanoi (VNA) – Foreign experts have dubbed the Vietnamese economy as a miracle in Asia and a bright spot of economic growth in Asia-Pacific as a result of the Vietnamese Government’s sound and effective economic management policies.”Let Vietnam’s success story be told to the world,” said CEO of HSBC Vietnam Tim Evans at a conference between the Vietnamese Prime Minister and foreign-invested firms in early September.Apart from him,…

The For a small but growing network of countries, the world’s go-to metric of economic health is no longer fit for purpose.Mostly led by women, Finland, Iceland, Scotland, Wales and New Zealand are all members of the Wellbeing Economy Governments partnership. The coalition, which is expected to expand in the coming months, aims to transform economies around the world to deliver shared well-being for people and the planet by 2040.That means abandoning the idea that the percentage change in gross domestic product is a good indicator of progress, and instead reframing economic policy to deliver quality of life for all…

economy grew by 3.2% in the third quarter — after negative growth during the first half of 2022.But a number of states are seeing flat or negative economic growth as inflation, though moderating, and high interest rates impact consumer and business spending.Energy and mining helped propel growth in Alaska, Texas, Wyoming and other states with the highest GDP gains in the third quarter versus a year ago, according to the U.S. Bureau of Economic Analysis numbers released Dec. 23.Alaska (8.7%), Texas (8.5%), Oklahoma (5.5%), Wyoming (5.3%) and North Dakota (5.2%) posted the strongest economic growth numbers in the third quarter,…

Nepal’s new government, led by the former Maoist rebel chief, will try to balance ties with its immediate neighbours China and India as it seeks economic growth in one of the world’s poorest countries, officials of the ruling coalition told Reuters.Pushpa Kamal Dahal, who still goes by his nom de guerre Prachanda, unexpectedly became prime minister for a third time on Sunday after leaving his previous coalition and securing the support of the opposition Communist Unified Marxist-Leninist (UML) party and five other smaller groups. Last month’s election had returned a hung parliament.The UML leader and former prime minister, Khadga Prasad…