Crypto Market Correction Due to Interest Rate Rise Fears

Redaksi PetiknetSaturday, 22 April 2023 | 14:59 WIB
Koreksi Pasar Kripto Akibat Ketakutan Kenaikan Suku Bunga
Koreksi Pasar Kripto Akibat Ketakutan Kenaikan Suku Bunga. Image: allinonecrypto

Price List of Other Cryptos

In the last 24 hours, the price of DOGE or dogecoin has fallen by 6.51 percent and over the past week, the price of dogecoin has fallen by 11.59 percent. The DOGE price is currently at USD 0.07836.

Polygon or MATIC prices have decreased by 3.38 percent in the last 24 hours. In the past week, polygon prices have decreased by 12.91 percent. Currently, the polygon price is at USD 1.01.

Solana prices are down 4.19 percent in the last 24 hours and in the past week, they are down 14.11 percent. Solana's current price is at USD 21.27.

Meanwhile, the price of other cryptocurrencies such as USDT rose by 0.02 percent in the last 24 hours and in the past week, the price of USDT fell by 0.06 percent. The USDT price is currently at USD 1.00.

The price of USD Coin or USDC rose 0.04 percent in the last 24 hours and in the last week, the price of USDC rose 0.03 percent. The USDC price is currently at USD 1.00.

Global capitalization fell 3.17 percent to USD 1.15 trillion.

United Arab Emirates Opens Registration for Crypto Company License

On Monday, April 17, 2023, the United Arab Emirates (UAE) Securities and Commodities Authority announced that it had begun accepting registrations from businesses for licenses to operate in the region.

According to a report from Yahoo Finance on Friday, April 21, 2023, digital asset companies wishing to do business in Dubai, one of the seven emirates of the UAE, must obtain two licenses.

In addition to a license from the UAE authorities, the company also needs to obtain a license from the Dubai Virtual Asset Regulatory Authority.

However, companies that are already registered in the financial free zone in the country are not required to apply for two licenses.

The United Arab Emirates' financial free zone offers financial incentives and an independent regulatory framework to attract business, especially in the financial sector.

Dubai has released its latest regulatory framework in February to attract investment from crypto platforms and other digital assets and become a regional hub for the sector.

The Securities and Commodities Authority was assigned to oversee the digital asset industry in Dubai the same month.

Singapore-based exchange Crypto.com announced on March 20 that it has secured a Minimum Viable Product Preparation License from Dubai.

This license allows companies to test and develop their products and services for up to six months.

Disclaimer: Every investment decision rests with the reader. Study and analyze before buying and selling Crypto. Petik.net is not responsible for profits and losses arising from investment decisions.


Disclaimer: Every investment decision is in the hands of the reader. Study and analyze before buying and selling Crypto. Petik.net is not responsible for profits and losses arising from investment decisions.
The information provided in this article is for informational purposes only and should not be considered as financial or investment advice. Cryptocurrency investments are subject to market risks, and readers should exercise caution and do their due diligence.