The Singapore-based digital asset services provider announced the launch of high-yield Bitcoin products for consumers amid the ongoing bear market. Flynt Launches High-Return Crypto Product The crypto market is the go-to space for high-risk, high-return investment assets. This is primarily due to the volatile price movements of digital tokens. And controlling risks for such assets … Read more
Europe faces a bleak economic outlook following a series of supply disruptions all over the bloc and the impact of the war between Russia and Europe on energy and food supplies. Investment Banking Giant Warns Investors as Stocks Plummet Willem Sels, HSBC’s global chief investment officer, revealed that investors should steer clear of Europe. In … Read more
Thursday, September 22, is a busy day for most markets as the United States Federal Reserve increased interest rates to 75 basis points (bps) after a brief wait. Fed Imposes 75 Basis Points as Interest Soars The equity market woke up to the news that the Fed has pushed the interest rate to 75 basis … Read more
The current situation facing most central banks is too delicate as policymakers struggle to keep the biting inflation under control with little success. Missed CPI Index The consumer price index (CPI) consensus prediction for the United States was off target. The CPI index increased by 0.1% when experts believed it would decline. However, analysts must … Read more
More than 50 million transactions were recorded on the Cardano network, which set a new landmark since the announcement of the hard fork upgrade. Spoils of the Vasil Upgrade The announcement of the Vasil upgrade in June set the tone for the surge in transaction volume. However, at that time, the total number of dealings … Read more
Russia indefinitely halted gas delivery to Europe. Liberty Energy exec warns oil costs might double. IEO remains approximately 15% down since 2022 started. Euronext concluded Tuesday with red outlooks. That came after Russian President Vladimir Putin indefinitely stopped gas deliveries to Europe, citing the punitive sanctions against the country as it attacked Ukraine. Ukraine … Read more
Following the induction of Ethereum’s Proof-of-Stake (PoS) Merge on the mainnet, some Proof-of-Work (PoW) supporters picked up tokens from PoW chains, which analysts claimed could be harmful. Ethereum on PoW Users Are Prone to Attack Post Merge The Kyber Network (KNC) team, an experienced Ethereum-based DeFi hub, posted a Twitter thread on replay attacks. The … Read more
APAC Overview Overnight sessions saw the Nikkei climbing by 2.31%. That came after Japan’s economy soared more than first reported in Q2. GDP (Gross Domestic Product) grew by 3.5% in Q2 year-on-year. That was stronger than the 2.2% annualized preliminary estimate. Also, the GDP growth was better than the 2.9% median market prediction. Private consumption … Read more
The impending Ethereum merger has caused concern among institutional investors as the digital asset industry sees a surge in outflows of ETH from exchanges. Crypto Investment Products Plunge Amid Ethereum Merge CoinShares’ Digital Asset Fund Flows Weekly Report shows the number of outflows from exchanges. According to the report, crypto investment products experienced outflows totaling … Read more
Despite measures from most central banks to limit the supply of U.S. dollars, the currency has what it takes to end the year stronger, according to Wells Fargo. The U.S. Dollar is Expected to Stay Robust Analysts are America’s multinational financial services firm; Wells Fargo is confident about the USD’s continued strength. The analysts expect … Read more
