Saturday, May 4, 2024
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Bitcoin price hits $28.5K on PCE data as macro ‘accumulation zone’ ends

Bitcoin (BTC) recovered recent losses at the March 31 Wall Street open as traders looked for a strong monthly close.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewPCE delights risk assets as with BTC price up $1,000Data from Cointelegraph Markets Pro and TradingView showed BTC/USD heading to $28,556 on Bitstamp after the opening

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Dubai Free Trade Zone Partners With South Korean Companies to Expand Web3 and Metaverse Business – Metaverse Bitcoin News

The Dubai Multi Commodities Centre, one of the biggest free trade zones in the world, signed agreements with governments and companies in South Korea to bring more Web3 and metaverse businesses to the emirate. The objective of this move is to consolidate the status of Dubai as an international blockchain

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UAE free zone to explore Bitcoin payments for services, lawyer says

Ras Al Khaimah’s recently announced free zone for virtual asset firms will explore accepting crypto payments from companies looking into setting up their businesses in the emirate, a lawyer involved in the hub’s development said.Dubai-based crypto lawyer Irina Heaver told Cryptox that once the Ras Al Khaimah Digital Assets Oasis

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Japanese Tech and Finance Giants Launch Japan Metaverse Economic Zone – Metaverse Bitcoin News

Several Japanese tech and finance giants have signed a document to create the Japan Metaverse Economic Zone, a multipurpose virtual universe that will have its base in a platform called Ryugukoku. The virtual world will allow these companies to share their technology with users as it lets them roam this

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Mitsubishi, Fujitsu and Other Tech Firms to Create ‘Japan Metaverse Economic Zone’

The goal of the metaverse alliance is to help build the framework for corporations to tap into Web3 marketing, work reform and consumer experience initiatives, the press release said. RYUGUKOKU (TBD) will serve as a virtual world to connect users to different Web3 services created by companies and government agencies. Source

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US Markets Tumble as Real Estate Weakens, Putin Suspends Nuclear Treaty, Morgan Stanley Warns of Stock Market ‘Death Zone’ – Economics Bitcoin News

On Tuesday, all four major U.S. benchmark stock indexes fell as real estate data showed home sales dropped by 0.7% last month and Russian President Vladimir Putin suspended the nuclear arms control treaty with the United States. Additionally, the chief U.S. equity strategist at Morgan Stanley said the stock market

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