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Cyprus Advances In U.S. Visa Waiver Program Effort

Cyprus is making significant progress in its bid to join the U.S. Visa Waiver Program (VWP), a move that would enable Cypriot citizens to travel to the United States without a visa for stays of up to 90 days. Government officials have expressed optimism, noting that the country is on a “very good path” towards meeting the program’s requirements. This development is part of Cyprus’s broader strategy to strengthen bilateral relations with the U.S., enhancing opportunities for travel, business, and cultural exchange.

The VWP is a significant initiative that allows citizens of participating countries to travel to the United States for tourism or business without needing to obtain a visa. For Cyprus, joining this program would mark a milestone in its diplomatic and economic relations with the U.S. The process involves meeting strict criteria, including maintaining high-security standards, effective counterterrorism measures, and low visa refusal rates.

Cyprus’s government has been actively working on fulfilling these requirements, and recent discussions with U.S. officials have reportedly been positive. The optimism surrounding Cyprus’s application is fueled by the country’s ongoing efforts to align with the necessary legal and security standards required by the VWP. These include enhancing border security, implementing advanced traveler information systems, and ensuring robust law enforcement cooperation with the U.S.

The potential inclusion of Cyprus in the VWP is expected to have several benefits, particularly in boosting tourism and business travel between the two nations. It would make travel more accessible for Cypriots, fostering closer economic and cultural ties. Moreover, it could lead to increased U.S. investment in Cyprus, as easier travel could encourage more business ventures and partnerships.

Bitcoin Surges 23% In A Week As Investor Optimism Returns

Bitcoin was on track for a weekly gain of around 23% on Friday as a series of positive macroeconomic and policy developments boosted investor sentiment.

The cryptocurrency was trading about 6% higher at roughly $77,000, up from around $62,800 at the start of the week. Crypto-related stocks also rallied, with Coinbase and Circle gaining more than 9%, while Strategy rose 7%.

Macro Factors Fuel Rally

Bitcoin’s latest surge began Wednesday after Treasury yields fell sharply following a major intervention by the U.S. Treasury in the bond market. Lower yields eased pressure on risk assets and helped trigger a broader move into cryptocurrencies.

The rally was further amplified by a major short squeeze. Around $2.7 billion in crypto short positions were liquidated, according to CoinGlass.

Max Stuedlein, head of Partnerships at Sygnum APAC, said the move reflected an alignment of macroeconomic and policy catalysts, including the Treasury’s decision to increase buybacks of longer-dated government debt.

Clarity Act Boosts Sentiment

Investor confidence improved further on Thursday as the White House and crypto industry leaders made a final push to advance the Clarity Act in the coming weeks.

The legislation is widely viewed as a potential catalyst for the crypto market, although its chances of passing remain relatively limited.

Despite the rally, bitcoin remains well below its 2026 high of $94,820 reached in January and its all-time high of $126,198, set last October.

Analysts See More Volatility Ahead

Lucy Gazmararian, founder and managing partner at Token Bay Capital, said the crypto market may be approaching the end of its bear cycle.

She expects bitcoin could experience one more decline of around 20% before the market turns, pointing to historical cycles and the recent liquidation of heavily leveraged short positions.

Gazmararian also described bitcoin as a long-term hedge against monetary debasement, while warning that its short-term price remains highly volatile and driven by market cycles.

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