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Senate’s push for stablecoin regulation reform intensifies
Senator Kirsten Gillibrand announced plans to unveil new legislation aimed at regulating stablecoins, a move anticipated to occur as early as this week. Speaking at the Bitcoin Policy Summit held at the National Press Club in Washington on…
ADB projects India’s economy to grow steadily by 7% in FY2024
The Asian Development Bank (ADB) has revised its projection for India’s gross domestic product (GDP) growth in the fiscal year (FY) 2024, anticipating a solid expansion of 7%. This upgrade, disclosed in the latest release of the ADB’s…
OPEC predicts 2.25 million bpd surge in global oil demand
The Organisation of the Petroleum Exporting Countries (OPEC) announced Thursday that it anticipates a surge in world oil demand, projecting an increase of 2.25 million barrels per day (bpd) in 2024 and 1.85 million bpd in 2025. In its…
Fast-food giant McDonald’s buys out entire Israel franchise
McDonald’s Corporation has inked a deal to acquire all 225 outlets of its Israel franchise, the American fast-food giant announced. This move comes in response to a significant downturn in sales amid the ongoing Israel-Hamas conflict and…
Binance NFT announces halt on bitcoin NFT support
Binance NFT, a leading platform for digital collectibles, has announced its decision to discontinue support for Bitcoin-based Ordinal non-fungible token (NFT) collectibles within its marketplace. The announcement, made on April 4, 2024,…
Bitcoin slides $5,000 amid rising treasury yields and dollar strength
Bitcoin experienced a significant drop of $5,000 within a span of 24 hours, as interest rates surged, marking the second consecutive day of decline for the cryptocurrency at the outset of the new month and quarter. This decline was…
Bitcoin price dips below $70,000 amidst rising volatility
Bitcoin faced a downturn early Monday, slipping below the $70,000 mark as volatility surged in anticipation of this month’s looming block reward halving. Currently trading at around $69,565, Bitcoin experienced a 1.1% dip within the day,…
US national debt crosses $141 trillion mark, crisis feared
A stark warning reverberates through the corridors of economic powerhouses as concerns mount over the trajectory of the United States’ national debt. Against the backdrop of a blockbuster report projecting a staggering $141 trillion debt…
Krispy Kreme and McDonald’s forge alliance for breakfast boost
In a strategic move aimed at enhancing their breakfast offerings, fast-food giant McDonald’s is set to expand its partnership with Krispy Kreme, a renowned doughnut chain. The collaboration will see Krispy Kreme’s signature doughnuts being…
Private equity surge in Japan defies Asia Pacific downturn
The private equity landscape across the Asia Pacific region witnessed a notable downturn in 2023, experiencing a decline of more than 23% in total deal value, as reported by Bain & Company. Amidst this trend, however, Japan emerged as a…