In a significant move towards integrating digital currency into everyday transactions, Thailand is gearing up to launch a pilot project for cryptocurrency payments in Phuket. This initiative, announced by Deputy Prime Minister and Finance Minister Pichai Chunhavajira, aims to provide foreign tourists with an alternative to cash, allowing them to utilize digital assets while enjoying…
The cryptocurrency market has recently faced a significant downturn, with a staggering loss exceeding $200 billion in just 24 hours and about $600 billion over the past week. This decline can be attributed to a confluence of factors, notably the Federal Reserve’s recent decision to cut interest rates by 25 basis points. Fed Chair Jerome…
In recent weeks, the cryptocurrency market has faced significant turbulence, particularly following the Federal Reserve’s Federal Open Market Committee (FOMC) meeting on December 18, 2024. Major cryptocurrencies, including Bitcoin and Ethereum, have seen steep declines, with many attributing this downturn to the Fed’s cautious stance on monetary policy. Jamie Coutts, Chief Crypto Analyst at Real…
Bitcoin has once again surged past the $100,000 mark, a significant milestone that reflects the buoyant expectations within the cryptocurrency sector. This optimism is fueled by anticipation of early moves from Donald Trump following his inauguration as president next week. In a notable shift from his previous skepticism—where he once described Bitcoin as potentially resembling…
Understanding Cryptocurrency: A Beginner’s Guide What is Cryptocurrency? Cryptocurrency, often referred to as “crypto,” is a type of digital currency that operates independently of any central authority, such as a government or bank. It utilizes a technology called blockchain to secure transactions and requires a process known as mining for its creation and verification. The…
In recent years, cryptocurrency has surged in popularity, attracting countless individuals eager to explore it as a viable investment avenue. However, it’s crucial to approach this market with caution—investors should be mentally prepared for the possibility of losing their entire investment. Why the Rising Interest in Cryptocurrency? The appeal of cryptocurrencies often lies in their…
In the rapidly evolving world of finance, understanding different types of crypto assets is crucial for investors. As digital currencies gain traction, it’s essential to comprehend the various forms they take and the investment opportunities they present. Overview of Crypto Assets Crypto assets can be broadly categorized into several types, each serving different purposes and…
As the nation witnesses the inauguration of Donald J. Trump as the 47th president of the United States, many investors are filled with anticipation regarding the potential market impacts of his new term. Trump’s first presidency was marked by impressive stock market performance, with the S&P 500 achieving an average annual return of 13.6%. This…
As Bitcoin and other cryptocurrencies surge to new heights, many are asking if it’s time to reconsider their stance on this volatile asset class. With Bitcoin recently trading at approximately $89,000, bolstered by promises from political leaders like Donald Trump to establish the U.S. as the “crypto capital of the world,” the cryptocurrency sector is…
As the cryptocurrency landscape continues to evolve, bitcoin is once again capturing the spotlight. After months of bearish trends, the digital currency has surged, reaching an impressive all-time high of $73,835 in mid-March 2024. Although it has since settled at around $63,300 as of April 18, the upcoming bitcoin halving event has traders and investors…
