Crypto News
Egypt Devalues Currency, Raises Interest Rates to Fulfill Key IMF Aid Requirement
Authorities in Egypt recently allowed the local currency’s exchange rate versus the U.S. dollar to decrease by more than 60%. Additionally, the central bank raised interest rates by 600 basis points. Both steps were key conditions set by the IMF which Egypt had to meet before the approval of a new financial aid package. IMFSource link
Wyoming’s New DAO Bill Gives Crypto a Boost to Sweep Out Internet Incumbents
Wyoming's New DAO Bill Gives Crypto a Boost to Sweep Out Internet IncumbentsSource link
Bitcoin Gained 10% This Week—These Altcoins Flew Even Higher
The price of BTC briefly hit a new all-time high—again. But other digital assets are yielding even bigger profits.Source link
Hall of GOATS and Xai Announce Partnership to Revolutionize Gaming and Athlete Empowerment With Blockchain Technology
Game studio Hall of GOATS, co-founded by college football icon Matt Leinart, has partnered with Xai, a layer-3 gaming network on Arbitrum.Source link
Blackrock Explores Bitcoin ETP Investments for Global Allocation Fund
In a significant development, Blackrock, the world’s largest asset manager, has amended its prospectus for the Blackrock Global Allocation Fund to potentially include investments in bitcoin exchange-traded products (ETPs). This move, filed with the U.S. Securities and Exchange Commission (SEC), signals a new avenue for traditional investors to gain exposure to the digital asset market.Source link