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
Stocks in the United States are experiencing a woeful trading session on Friday as concerns about another losing week dominate the headlines. Uncertain Economic Growth The U.S. economic forecast has been gloomy for Friday morning. Future economic performance seems uncertain after the delivery giant FedEx released early warnings regarding its earnings. The Dow Futures contract … 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
The CEO of Crypto Council for Innovation (CCI), Sheila Warren, seeks regulatory clarity for digital commodities amid calls for authorities to consider changes to the sector. CCI Founder Wants U.S. Senate to Clearly Define “Digital Commodity” U.S. lawmakers are currently considering the Digital Commodities Consumer Protection Act. Accordingly, Warren commended the lawmakers for taking the … Read more
The impact the consumer price index (CPI) has on equities has reached a psychological level as rising inflation continues to take its toll on the commodity market. Equities Market Groans Under Worsening CPI The commodity market is not a stranger to plummeting value, but the current happenings are a bit complex. It seems that it … 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
The upcoming interest rate hike of the United States Federal Reserve is in less than a week; commodity traders are weighing up their options on how to cushion the possible outcome of the increase. The Commodities Week Nears The upcoming rate hike is one scenario that has commodity traders hyperactive. As the Fed continues its … Read more
Blockchain.com, a digital asset services solutions provider, has announced that it has been approved to operate in Dubai by the Virtual Assets Regulatory Authority (VARA). Blockchain.com Signs an MOU with VARA The virtual asset services provider revealed that it has partnered with Dubai’s regulatory body. A detailed statement from the firm disclosed that both its … Read more
The digital asset securities firm, the ETC Group, has announced that it is working on listing an exchange-traded product (ETP) that is based on the upcoming hard fork of the Ethereum network. ETC Group is Ready for an Ethereum Hard Fork As the countdown for the Ethereum hard fork upgrade continues, the digital asset securities … Read more
