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Egypt Takes Steps to Boost Forex Reserves with $1 Billion Treasury Bill Auction

Egypt's Efforts to Stabilize the Economy On February 5th, the Central Bank of Egypt (CBE) announced its plan to hold an auction for dollar-denominated treasury bills (TB) worth $1 billion. This initiative is part of the CBE's ongoing efforts to stabilize Egypt's teetering economy. The primary objective of the TB auction is to alleviate the […]

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What is gold backed ira

Self-Directed Gold IRAs are a fantastic option to invest in gold without having to deal with the hassles of buying physical bullion. This type of account permits investors to buy gold from the government directly, and then store it in their own name. While many people prefer physical gold, not everyone can get access to

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Hong Kong Regulator Urges Crypto Investors to Only Use Approved Trading Platforms

The Hong Kong Securities and Futures Commission (SFC) has issued a reminder to crypto investors in the region, emphasizing the importance of using or trading on approved virtual asset trading platforms (VATPs). In a statement released on February 5, 2024, the SFC urged investors to verify the regulatory status of a VATP before engaging in

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ARK Invest CEO Cathie Wood: Investors Shifting from Gold to Bitcoin Amid Financial Uncertainty

A Growing Preference for Bitcoin Over Traditional Gold Investments ARK Invest's CEO Cathie Wood believes that there is a noticeable shift in investment trends, with investors increasingly favoring bitcoin over traditional gold investments. This shift has become particularly pronounced following the introduction of spot bitcoin exchange-traded funds (ETFs), which offer investors easier access to the

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Blackrock’s Ishares Bitcoin Trust Emerges as a Top Performer in the ETF Market

Rapid Ascent to the Top Blackrock's Ishares Bitcoin Trust (IBIT) has quickly climbed the ranks in the exchange-traded funds (ETFs) market, making it to the top five in terms of 2024 inflows within just 17 days. This impressive achievement highlights the growing interest of investors in cryptocurrency as a legitimate asset class. Impressive Performance in

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Bitcoin Technical Analysis: BTC Resilience Maintains Amidst a Balanced Crypto Market

Bitcoin Demonstrates Resilience in the Face of Market Fluctuations Bitcoin's price continues to demonstrate resilience in the face of market fluctuations, settling at $42,902 to $43,091 within the last hour, with a modest uptick of 0.4% in the last 24 hours. This week's growth of 0.7%, coupled with a 6.8% increase over the past two

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Quantum Cats NFT Collection Soars in Value, Dominates Secondary Market Trade Volume

After the release of Taproot Wizards' Quantum Cats non-fungible token (NFT) series, the secondary market has seen a significant increase in trading volume and a surge in the minimum value of the collection. Initially priced at 0.1 bitcoin each, the lowest value of Quantum Cats NFTs now hovers around 0.303 bitcoin or $13,062 per NFT.

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