© Reuters. FILE PHOTO: The logo for Chinese ride-hailing company Didi Global Inc is pictured during the IPO on the New York Stock Exchange (NYSE) floor in New York City, U.S., June 30, 2021. REUTERS/Brendan McDermid/File Photo (Reuters) -Ride-hailing company Didi Global on Thursday denied a media report thatRead More →
Cardano is one of those altcoins that has managed to actually walk the walk. In fact, the network is on its way to introduce smart contracts by October 2021 with Alonzo. However, has the altcoin’s price actually been keeping up with its growing popularity? Based on the recent marketRead More →
© Reuters. FILE PHOTO: A trader shows U.S. dollar notes at a currency exchange booth in Karachi, Pakistan December 3, 2018. REUTERS/Akhtar Soomro By Saqib Iqbal Ahmed and Sujata Rao NEW YORK (Reuters) – The dollar slipped to a one-month low on Thursday, a day after the U.S. FederalRead More →
© Reuters. FILE PHOTO: A view of the exterior of the Nasdaq market site in the Manhattan borough of New York City, U.S., October 24, 2016. REUTERS/Shannon Stapleton (Reuters) – Exchange operator Nasdaq Inc reported a better-than-expected quarterly profit on Wednesday, boosted by strength in its trading business asRead More →
A modest USD profit-taking assisted GBP/USD to reverse an intraday dip to sub-1.3600 levels. Acceptance below 200-day SMA might have already set the stage for a further near-term decline. Any attempted recovery move is more likely to remain capped near the 1.3700 round-figure mark. The GBP/USD pair once againRead More →
Gary Vaynerchuk wears many hats. He’s an entrepreneur, CEO, angel investor, public speaker and social-media guru — not to mention the actual hat he wore during his interview with MarketWatch showing he’s a fan of the New York Jets. Vaynerchuk, 45, is the CEO of media and communications companyRead More →
© Reuters. By Yasin Ebrahim Investing.com – The dollar is winning over some of its detractors who have been pushed off the bearish bandwagon after the Federal Reserve’s hawkish tilt started the countdown on policy tightening much earlier than expected. The , which measures the greenback against a trade-weightedRead More →
Spain-based bank Santander’s U.K. business will no longer be allowing its customers to send payments to Binance, citing warnings from the Financial Conduct Authority. Several replies from Santander’s U.K. Twitter help account today said the bank has “decided to prevent payments” to the world’s biggest crypto exchange in anRead More →
Weeks before Didi Global Inc. went public in the U.S., China’s cybersecurity watchdog suggested the Chinese ride-hailing giant delay its initial public offering and urged it to conduct a thorough self-examination of its network security, according to people with knowledge of the matter. But for Didi DIDI, -5.30%, waiting would be problematic.Read More →
© Reuters. FILE PHOTO: U.S. dollars are counted by a banker at a bank in Westminster, Colorado November 3, 2009. REUTERS/Rick Wilking/File Photo By Ritvik Carvalho LONDON (Reuters) – The dollar dipped against a basket of major currencies on Monday, after hitting a speed bump when last week’s mixedRead More →
A recent article highlighted the fact that Uniswap’s daily active addresses were up by 72.5% since Monday and also depicted the same for other tokens in the DeFi space, namely Maker, Compound and AAVE. This was an early indication of a possible DeFi recovery. Meanwhile, UNI’s price has latchedRead More →
Key Talking Points: GBP/USD attempt to recover above 1.39 as momentum builds The spread of the Delta variant increases the average cases in the UK Brexit and political drama fail to scare away investors GBP/USD is attempting to stage a rebound heading into the new week. It has beenRead More →
© Reuters. FILE PHOTO: A United Airlines passenger jet lands at Newark Liberty International Airport, New Jersey, U.S. December 6, 2019. REUTERS/Chris Helgren By Tim Hepher, Tracy Rucinski and Eric M. Johnson (Reuters) – United Airlines was putting the finishing touches on Monday to an airplane order potentially worthRead More →
The third richest man in Mexico, Ricardo Salinas Pliego, has doubled down on his support for Bitcoin, revealing plans to open the first BTC accepting bank in the country. On June 27, the Mexican billionaire tweeted his support for the widespread adoption of BTC, noting that his bank isRead More →
By Yilei Sun and Tony Munroe SHANGHAI (Reuters) – Volkswagen AG (OTC:)’s ID series – the backbone of its electric vehicle ambitions – is off to what even company sources call a worryingly slow start in China. Sales in May of two ID.4 electric SUV models, launched only twoRead More →
Key Talking Points: Gold acts as a hedge for central bank inaction XAU/USD nearing key area of support Gold (XAU/USD) has been unable to hold bullish momentum going into Tuesday’s session after recovering from the worst drop since August 2020 last week. The Fed’s acknowledgment regarding inflationary pressures hasRead More →
China’s crackdown on Bitcoin (BTC) mining and cryptocurrency trading recently became a primary driver for the red candlesticks on crypto market charts. But one Bitcoin mining engineer believes China’s ban on crypto is “fantastic news.” Brandon Arvanaghi, a former security engineer at crypto exchange Gemini, compared China’s harsh stanceRead More →
Bitcoin (BTC) passed $40,000 on June 14 as a consolidation period snapped to unleash a solid breakout. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC price breaks out past $40,000 Data from Cointelegraph Markets Pro and TradingView showed BTC/USD gaining 3% in under an hour, reaching $40,600 on Bitstamp. TheRead More →
Professional short-sellers have changed their ways this year. They have limited their exposure to risk after taking heavy losses earlier in 2021 as traders using Reddit’s WallStreetBets channel and other social media bid up prices of stocks the pros had bet against. But there are still stocks with heavyRead More →
The role of central banks in the forex market Central banks are mainly responsible for maintaining inflation in the interest of sustainable economic growth while contributing to the overall stability of the financial system. When central banks deem it necessary they will intervene in financial markets in line withRead More →
The U.S. Securities and Exchange Commission warned Monday that it is closely monitoring frenetic moves in the stock market, amid the stratospheric surge in values of meme stocks AMC Entertainment and GameStop Corp. “SEC staff continues to monitor the market in light of the ongoing volatility in certain stocksRead More →
Bitcoin (BTC) edged closer to the significant $30,000 support on June 8 amid predictions that a major crypto correction was imminent. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bulls line up to protect $30,000 Data from Cointelegraph Markets Pro and TradingView showed BTC/USD making repeated lower lows on short timeframesRead More →
Cryptocurrency investing can be daunting for many potential investors with complex systems and theory unfamiliar to many. The language employed by the cryptocurrency community is just as terrifying with words seemingly plucked out of thin air. The list below highlights the latest terms used within the cryptocurrency space thatRead More →
In the digital era, popular trends spread like wildfire and the blockchain-enabled digital currency mania appears to be reaching critical mass. At some point in the near future, the People’s Republic of China (PBOC) will be launching a new “digital yuan”—basically an online version of its existing currency (i.e.Read More →
Bitcoin’s anonymous creator Satoshi Nakamoto is set to be depicted in a life-size bronze statue in Budapest, the capital city of Hungary. According to local news outlet Hungary Today, sculptors, Réka Gergely and Tamás Gilly are designing the statue, and have unveiled initial plans depicting a figure with aRead More →
