NFT News Official TheBitTimes.com

Crypto-based firms like Coinbase and MicroStrategy experience notable upticks on the stock market and Bitcoin rallies. Companies with significant cryptocurrency holdings or operations are experiencing a positive market response as Bitcoin rallies over the $35,000 mark on Oct. 24th.  Crypto exchange Coinbase Global Inc. and corporate Bitcoin investor MicroStrategy Inc. saw their stock prices swell by 14 percent and 12 percent, correspondingly, as the market commenced. Similarly, cryptocurrency mining companies Marathon Digital Holdings Inc. and Riot Platforms Inc. also reported over 13 percent in gains during the early hours of trading. Crypto mining infrastructure provider Bit Digital also experienced a 4 percent increase on the stock market today, as Robinhood shares also experienced a notable 2 percent increase. The Bitcoin Fear and Greed Index has also shifted to green, which was mostly in the ‘fear’ zone throughout last month.  This upward trajectory in both...

Ayman Alsayari, the governor of the Saudi Central Bank (SAMA), is encouraging the International Monetary Fund (IMF) to regulate crypto currency. “ We need good supervision, regulation, and coordination of crypto currency activities,” Alsayari said at a recent event in Marrakech, Morocco, where the IMF Annual Meetings were held from Oct. 9-15. “In this context, we support the work and relevant roadmap of the IMF and the Financial Stability Board to address risks related to crypto currencies.” According to Saudi Gazette, the G20 Roadmap — unveiled at the G20 Finance Ministers and Central Bank Governors (FMCBG) — includes enhanced regulation of cryptocurrency activities. Tackling cryptocurrency uncertainties The G20 Roadmap for regulating crypto assets and reforming multilateral development banks (MDBs) is expected to coordinate global policy, develop mitigating strategies and regulate matters concerning crypto assets.  The IMF is also calling for refor...