Vietnam Financial News

Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content.

Shiba Inu price prediction continues to be mixed, as the coin has formed a symmetrical triangle pattern, indicating investor indecision. Even though Shiba Inu (SHIB) was one of the worst hit cryptocurrencies during the recent market crash, the token has made a respectable comeback over the past week.

Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.

The Southeast Asian nation of Vietnam now ranks among the top nations adopting cryptocurrencies. Indeed, the country has ranked first on Chainalysis’ Global Crypto Adoption Index for two years in a row.

Non-fungible tokens (NFTs) are the biggest on-ramp to the cryptocurrency market among countries in Central & South Asia and Oceania (CSOA) according to a new report. 

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Nonfungible tokens (NFTs) may be the biggest driver of crypto adoption in Central, Southern Asia, and Oceania (CSAO), a new report has found. 

Shiba Inu is one of the tokens attempting a comeback after a rough weekend in which its price fell below the $0.00000010 threshold. The digital asset, a part of the best meme coins, relies on strong fundamentals to propel it to new heights, although macroeconomic factors may slow its ascent. 

South Korean law enforcers continue to crack down on illegal kimchi premium traders – and have arrested 25 suspected traders who they think ran an illegal international bitcoin (BTC) trading ring.

Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content.

The newly released Global Crypto Adoption Index for 2022 by blockchain intelligence firm Chainalysis contains several surprises, with perhaps the most notable being that China remains a top 10 country for crypto adoption despite a ban on nearly all-things crypto.

Emerging markets are leading the cryptocurrency adoption index globally, says a Chainalysisreport. It adds that lower-middle income countries hold a majority of the positions in the top 20 countries in terms of crypto adoption.

While global adoption slowed down because of the chilling winds brought about by the crypto winter, emerging markets seem to be on fire in terms of crypto adoption as they surpass higher-income countries in an index that measures adoption. 

Blockchain and crypto are coming to a local weather station near you - or at least that’s what one group of Athens-based engineers is trying to accomplish. WeatherXM is using a combination of blockchain-based data verification with crypto incentives to get people worldwide to capture their local weather data for more accurate forecasting.

 

Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.

crypto tokens traded mixed on Tuesday after the US Fed turned hawkish amid renewed inflation worries, which spooked traders. Most crypto tokens have dropped up to 20 per cent in the last one week, following the release of US FOMC minutes, suggesting the bank would maintain its current inflation prescription of 75-basis point, interest rate hikes.Solana topped among the losers followed by Shiba Inu with a 2 per cent cut, whereas Cardani and Ethereum posted similar gains each. The global cryptocurrency market cap was trading marginally higher at the $1.02 trillion mark, almost unchanged in the last 24 hours. However, the total trading volume rallied over 18 per cent, close to $70.62 billion.What's cooking in IndiaThe interconnectedness between Indian equities market and crypto assets has increased nearly tenfold since the advent of the Covid-19 pandemic, the International Monetary Fund observed in a blog post and flagged the attendant risks.

International Monetary Fund (IMF) observed in a blog post and flagged the attendant risks. It said that in the past few years Asian countries led by India, Vietnam and Thailand witnessed a steep rise in crypto ownership, leading to a scenario where the correlation between equity market performance and crypto asset performance had increased, «This indicates a growing interconnectedness between the two asset classes that permits the transmission of shocks that can impact financial markets,» said the blogpost authored by Nada Choueiri, mission chief for India at the IMF, and her colleagues. «Accordingly, authorities in Asia are increasingly sensitive to the rising risks posed by crypto as adoption continues to spread. They have therefore dialled up their focus on crypto regulation.» According to the post, volatility correlations between Indian equities and crypto assets have increased threefold since the pandemic, suggesting a possible spillover of risk sentiment between the two asset classes. Therefore, any negative sentiment in crypto markets now has more impact on investor sentiment in equity markets and vice-versa.

IMF said that few parts of the world have embraced crypto assets like Asia.

Before the COVID-19 pandemic in Asia there was a strong division between the crypto and financial markets in general. Now, that border has got thinner and the situation demands additional regulatory measures, the International Monetary Fund (IMF) believes. 

The correlation between the performance of Asia's equity markets and crypto assets has increased as investors from that region piled into crypto in recent years, according to a blog from the International Monetary Fund (IMF).