What are Foreign Exchange Notices (FEN)? Central Bank of Malaysia (BNM) issued the Foreign Exchange Policy Notice 3, Investment in Foreign Currency Asset which recognises the investment in foreign currency asset. FEN declarations apply to: Individuals – who is a citizen…
Bitcoin & Ethereum Market Overview
The Federal Reserve is once again the main threat facing cryptocurrency traders following the most turbulent moment in the aftermath of Sam Bankman-Fried FTX’s exchange has ended. Since Fed Chair Jerome Powell and other senior officials hinted last week that the…
What is FOMO and How to Avoid it When Trading Cryptocurrency?
FOMO is a term that stands for Fear Of Missing Out. Both seasoned traders and newcomers to the market frequently encounter this issue. You could invest in a scam cryptocurrency or a DeFi project without conducting your own research because of…
Crypto News: A Weekly Review
Following news that U.S. authorities were considering filing criminal charges against the exchange, Binance experienced a flood of withdrawals. Silvergate, a bank that supports cryptocurrencies, saw a two-year low in share price. Even if it wouldn’t have demanded it, the digital…
The founder of FTX, Sam Bankman-Fried, has been arrested in the Bahamas
According to the Prime Minister’s Director of Communications, Latrae Rahming, Bahamian police detained disgraced former crypto millionaire Sam Bankman-Fried at the request of the US government. Based on a document from the Attorney General’s Office and the Ministry of Legal Affairs,…
What are Whales in Crypto?
A very small number of investors hold a sizeable portion of BTC in the market. Less than 2,000 different wallets hold up to 40% of total Bitcoin. Whales are the most wealthy Bitcoin investors. What are whales? In the…
Crypto News: A Weekly Review
As investors continued to consider economic statistics that suggested the U.S. central bank still had work to do on the inflation front, the largest cryptocurrency by market value was lately trading just around $17,000, up a fraction of a percentage point…
Bitcoin & Ethereum Market Overview
Bitcoin(BTC)- Following a downward correction, Bitcoin price found support at the $16,800 level. BTC continued to trade well and began a new uptrend over the $17,000 resistance level. Even better, it crossed the $17,150 mark and ended up above the…
Liquidity: What Is It?
The ease with which an asset or commodity may be turned into cash is referred to as liquidity. The world of cryptocurrencies doesn’t change this. Two factors must be considered when evaluating a coin’s liquidity: efficiency, which refers to how fast…