RIYADH: Bitcoin, the leading cryptocurrency internationally, traded lower on Tuesday, falling by 3.44 percent to $24,008 as of 7:57 a.m. Riyadh time.
Ethereum, the second most traded cryptocurrency, was priced at $1,874 falling by 5.51 percent, according to data from Coindesk.
10X SPAC and Prime Blockchain complete $1.25bn merger deal
Prime Blockchain and blank-check vehicle 10X Capital Venture Acquisition Corp. II have ended their $1.25 billion merger deal, Reuters reported.
It demonstrates waning enthusiasm for special purpose acquisition companies that were startups’ preferred route to initial public offerings.
As a result of sky-high inflation and recession fears this year, several companies have canceled their SPAC mergers, which were announced in April.
Despite some hope last week, analysts have cautioned against over-optimism, arguing that before slowing rate hikes, the Federal Reserve will seek more solid evidence that inflation is declining.
Hodlnaut seeks judicial...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...