Bitcoin’s price was down this month nearly 20% as markets worry about lower interest rates and a possible financial bubble in the AI industry. November was a rocky month for crypto markets. Bitcoin’s price is down over 20%, shedding almost $2 trillion in market capitalization. Concerns over possible rate cuts at the US Federal Reserve and the potential for an imminent AI bubble burst have brought anxiety to crypto and stock markets. Bearish sentiment prevails after Bitcoin showed a “death cross” when the 50-day simple moving average crossed below the 200-day equivalent on Nov. 15. According to data from Trading Economics, global inflation slowed in November among major world economies. Seventeen members of the G20 experienced lower inflation on the month, part of a growing global trend. Read more
Clifford Chance Badea, the local office of global law firm Clifford Chance, has advised Nofar Energy in the signing of three Operation & Management (O&M) contracts with EnergoBit for three photovoltaic parks with a total capacity exceeding 360 MW.
Learn what is fueling the surge in XRP ETF filings, the advantages pushing issuers toward XRP and the hurdles keeping other tokens on the sidelines. The cryptocurrency market is now entering a new stage in which large institutional investors are looking beyond just Bitcoin (BTC) and Ether (ETH). One of the strongest signs of this shift is the rapid increase in applications for US spot XRP (XRP) exchange-traded funds (ETFs). Asset management companies are submitting proposals for XRP ETFs one after another. However, many other cryptocurrency projects remain on the sidelines. There are several reasons for the recent increase in XRP ETF proposals: Read more