The EUR/USD pair price action following a hawkish European Central Bank (ECB) Thursday session was disappointing as the meeting failed to address the lingering value slump of the Euro. The ECB’s Cautious Stance Offers Little Approval According to ING economic experts, they expect the EU energy ministers’ discussion to put additional downward pressure on the … 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
According to a Reuters report, the United States stock indexes plummeted again on Thursday after a broad recovery in the previous trading session. Powell’s Hawkish Remarks Triggers Stock Slip The U.S Federal Reserve chairman, Jerome Powell, recently hinted at another possible interest rate hike for September. Powell’s statement led to the stock market spiraling down … Read more
The Reserve Bank of India (RBI) has announced that it will start the pilot test phase for its central bank digital currency (CBDC) and will involve four banks. RBI to Commence CBDC Drive with Four Banks Also known as the central bank of India, the RBI will begin its CBDC trial by using four public-private … Read more
Liz Truss, the newly elected Prime Minister of the United Kingdom, is reportedly pro-crypto following news of her previous support for digital assets. Lizz Truss’s Previous Crypto Support According to reports making the round, the new occupant of 10 Downing Street is a known fan of cryptocurrency. Having defeated her closest rival, Rishi Sunak, Truss … Read more
Following the hacking attack at the decentralized crypto exchange, KyberSwap, the Binance security team, has been involved in the investigation. Binance Team Identifies Key Suspects The Binance Security Team has been heavily involved in investigating the hacking incident involving KyberSwap. According to reports, the attack on KyberSwap led to the loss of $265,000 in users’ … Read more
The second day of September appears to favor the largest cryptocurrency as Bitcoin surpassed $20,400 alongside the U.S. economic data. Bitcoin Boosted Amid Declining USD According to data from the crypto market performance analytic firm, TradingView, the BTC/USD pair is rising. After the opening of the Wall Street trading floor, the price of the pair … Read more
There appears to be growing global concern over the volatility of the digital asset industry, and the demand for regulatory clarity is growing. EU and UK Divided on Crypto Laws According to reports, the United Kingdom and European Union (EU) do not agree on how they should regulate crypto. Meanwhile, the UK Parliament is reportedly … Read more
Indonesia is preparing something exciting for its crypto space as reports indicate it plans to establish a crypto stock exchange. Indonesia Hints at a Possible Crypto Stock Market Launch Crypto enthusiasts in Indonesia are pumped up for the latest development in the country’s digital asset ecosystem. According to media reports, the Island nation is preparing … Read more
An ascending triangle formation suggests higher zones for FTSE 100 index. Soaring inflation boosts stock markets. The ascending triangle’s projects move suggests advances towards 8,400. The United Kingdom endured the impacts of the Ukraine war, together with the Europe continent. Soaring inflation is also a shared theme between the UK and the European Union during … Read more
