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” Celebrity tokens: Signs of rising crypto adoption in Indonesia “ Cryptocurrency investments in Indonesia have seen considerable growth between 2020-2022, with 4% of the country’s population having invested in crypto. In 2021, crypto transaction volumes surpassed $34 billion, according to Indonesia’s Commodity Futures Trading Regulatory Agency. This growth has formed a new mindset toward…
” Indonesia’s cryptocurrency community in 2022: An overview “ Crypto is the next big thing in Indonesia. According to the Ministry of Trade, transactions for currencies like Bitcoin (BTC) grew over 14 times from a total of 60 trillion rupiahs ($4.1 billion) in 2020 to a total of 859 trillion rupiahs ($59.83 billion) in 2021….
” Is China’s apprehension to ban NFTs a hopeful sign for investors? “ It’s no secret that China has a clear disdain for all things crypto, as was highlighted last year when the country decided to ban its digital asset industry in its entirety. That said, one niche related to the crypto industry that has…
” Bitcoin price surges, but derivatives metrics reflect pro trader’s neutral sentiment “ As Bitcoin (BTC) finally broke out of the $46,000 resistance on March 27, traders were quick to conclude that the bearish trend was gone for good. Even as the price hit its highest level in 84 days, derivatives metrics and Asia’s Tether…
” Tax man: India’s new tax policies could prove fatal for crypto industry “ Indian crypto tax policy has become the hottest topic for Indian crypto traders and exchange operators as it is set to become law on March 24 and will come into effect starting on April 1. The proposed 30% crypto tax is…
” Crypto market selling pressure remains Asia dominated: Glassnode “ The Bitcoin network’s on-chain activity still appears to be in a bear market as U.S. and E.U. buyers are struggling to stay ahead of sellers based in Asia. Blockchain analytics firm Glassnode’s latest report on the weekly activity of the Bitcoin (BTC) network shows that…
” 2 metrics signal traders do not expect $2T crypto market cap anytime soon “ Cryptocurrencies failed to break the 42-day long downtrend after the $1.95 trillion capitalization resistance was rejected on March 20. Even though Bitcoin (BTC) gained a modest 3.7% over the past seven days, altcoins presented a robust rally. Crypto markets’ aggregate…
“China’s military buildup on South China Sea islands threatens region: US commander” China has equipped at least three islands it has built in a disputed area of the South China Sea with anti-aircraft missile systems, fighter jets and laser and jamming equipment — a buildup that threatens all other nations in the region, a top…
“# Binance back in Malaysia via a strategic stake in regulated digital exchange ” Binance, the world’s leading crypto exchange by trading volume is returning to the Malaysian markets with a strategic stake in the country’s regulated digital asset trading platfrom MX Global. Binance and Cuscapi Berhad acquired a key stake in MX Global, one of the…
“# How are Afghans using crypto under the Taliban government? ” After the Taliban took full control of Afghanistan in August last year, many international non-governmental organizations and services stopped operating in the country. Among them were payment services like Western Union and Swift. Many Afghans subsequently began to learn about cryptocurrencies and the underlying…