• Global central banks are trying to combat rising inflation by reducing their balance sheets (quantitative tightening) and increasing interest rates. • Bitcoin, the global world’s biggest cryptocurrency, has seen its value soar roughly 50% year-to-date despite the increase in central bank balance sheets. • Japan and China have continued to expand their balance sheets, …
Filecoin Jumps 27% – Leads Top 100 With Virtual Machine Update
• Filecoin (FIL) jumped 27% over the last 24 hours leading the top 100 coins by market cap. • Filecoin’s YTD gains amount to a 130% increase in price, having started the year at $3.013. • The project announced Filecoin Virtual Machine (FVM), which is set to go live on March 1 during ETHDenver. Decentralized …
Crypto Industry Booming: US Tops List of Most Successful Crypto Countries
• The US tops Coin Journal’s list of most successful crypto countries, with an estimated $46.95 billion worth of crypto-related businesses employing 5,691 people across 1,992 businesses. • The UK comes in second with 817 crypto-centric businesses worth an estimated $8.16 billion and employing 617 people. • Germany, France and Vietnam round out the top …
Indonesia to Set Up National Crypto Exchange by June 2023
• The Trade Ministry of Indonesia plans to have a national cryptocurrency exchange set up before June 2023. • The Indonesian government is currently reviewing five active exchanges out of the 25 registered exchanges with the Commodity Futures Trading Regulatory Agency. • The moratorium on the issuance of new crypto exchange licenses has been recently …