In August, the inflation in the Eurozone reached an all-time high of about 9.1%. According to Eurostat, this is the highest rate of inflation in history. Inflation Continues to Soar in Europe as Energy Crisis Worsens This rate is higher than what most economists predicted before now. Meanwhile, the increasing fuel prices in Europe also […]
On Thursday’s trading session, the share prices for Tesla experienced a downtrend. The decline has been recorded just as Tesla made a debut on the NASDAQ stock exchange with a 3-for-1 stock split. Tesla Shares Experienced a Dip The share prices for Tesla moved downwards as the company launched its 3-for-1 stock split through the […]
Rivian officials have just made a public announcement, which is more like a public bomb about the discontinuation of its cheapest electric vehicle truck. The company has announced that it has discontinued the production of the R1S SUV and R1T pickup truck’s Explore Package. This is a clear confirmation that it will not be manufacturing […]
On the Thursday forex trading session, the prices of the Asian currencies seem to have taken a fall. The data shows that the fall is due to the announcement made by the US Feds surrounding the interest rates. The US Feds Want to Hike Interest Rates The US Federal Reserve announced on Thursday that they […]
On Wednesday, European shares rose after the strike in Norway of oil and gas workers came to an end, thereby easing worries about energy supplies. A 15.5% rise in the shares of Just Eat Takeaway.com was also recorded thanks to Amazon’s announcement about buying a 2% stake in its floundering Grubhub business. Index gains There […]
On Wednesday, global indexes saw stocks edge lower for the most part, while Treasury yields eased, as investors were taking in the comments of Jerome Powell, the Chairman of the US Federal Reserve. He said that while there was certainly a risk of the economy slowing down too much because of aggressive hikes in interest […]
On Monday, volatile trading pushed global indexes higher, for the most part, allowing them to extend the sharp gains recorded in the previous week. Meanwhile, there was also a rise in Treasury yields and oil prices. Oil records gains After the rout seen in the previous week, oil finally managed to climb up, as investors […]
On Friday, there was a 2.6% rise in European stocks, which helped them enter positive territory. The week saw investors moving into riskier assets, as they began to scale back on bets of central bank tightening. Best Session for Indexes The STOXX 600 index of European countries recorded its best session in over three months. […]
Two cryptocurrency trading platforms in Canada are in trouble with the Ontario Securities Commission (OSC). A complete ban has been imposed on KuCoin, which means that it can no longer operate in the capital markets of Ontario. As far as Bybit is concerned, the platform has agreed to comply with the rules set forth by […]
A look at the trading price of Celsius (CEL) from June 19 until now shows that it has undergone a significant surge. It can be seen from the performance graph that the trading price of CEL has increased 4X times since June 19. Many analysts are predicting that the rise in the trading price of […]
On Monday, shares in Asia-Pacific remained mixed, as investors were keeping an eye on the reaction of the market to the announcement of the latest benchmark rates in China. Losses in the Markets The losses in the major markets of the region were led by the Kospi index in South Korea that shed 2.04% and […]
Global markets are quaking and investors have become rattled due to worsening expectations about how aggressively central banks would have to tighten their respective monetary policies in order to stave off the surging inflation. Monetary Authorities Turn Aggressive In recent days, global monetary authorities have made some eye-catching moves that have people and markets rattled. […]
The chief executive officer of Tesla, Elon Musk, recently made an announcement in regards to his approach to Twitter’s digital expansion. Musk stated that his plan is to move the social media giant within the digital payments sector. The followers and people who have been linked with Dogecoin (DOGE) know exactly what Elon Musk’s next […]
On Tuesday, Asia-Pacific markets saw shares tumble for the most part, after the S&P 500 had fallen overnight and entered bear market territory. However, Mainland China stocks were able to buck the regional trend, as they made a recovery from the losses in previous sessions. Chinese Indexes Rises, Others Fall Both the Shanghai Composite and […]
Following the fall of the Terra UST, another token has its top position. News has it that the DAI token has emerged as the biggest decentralized stablecoin. The token has the largest market valuation in the DeFi community. Also, its issuer, MakerDAO, has gained the top position as the largest DeFi platform by TVL. MakerDAO’s […]
A NFTs holder lost 29 of his Moonbirds NFTs Collection earlier this week. The phishing attack occurred just a few days after Beeple’s attack. In the previous one, Beeple’s Twitter account was hacked, and those who clicked the pasted links lost their funds. The hackers raked in cryptos and NFTs worth $438K from victims. 29 […]
The Statistics From KuCoin’s Research Lab Data from KuCoin research house showed the numbers of U.S. citizens adopting Blockchain technology continues to grow rapidly. It also revealed that both the young and adult generations are actively growing their finances daily via the crypto industry. The data also entails the statistics of users’ investment sentiment for […]
Solarisbank Lends A Helping Hand Banking-as-a-service provided by Solari’s fintech is assisting Binance in winning over regulators in Germany in the country. Solarisbank is contributing to an international effort to convince various regulatory bodies. According to the Chief Executive Officer of Solarisbank, the financial technology company’s partnership with Binance dates back quite some time. He mentioned […]
A Twitter user, Cardano Whale, has taken to his handle to encourage institutional investors to buy more $ADA. The user is a popular Cardano enthusiast. He explained some reasons why Cardano is suitable for long term investors interested in the project via his tweet. Cardano Whale And Other Enthusiasts Encourage Investors to Bag $ADA On […]
According to the 24 hours price chat, LUNA has gained more than 40% rise in price as its community burnt their tokens in millions. However, Do Kwon, the founder of Terraform Labs, had advised LUNA holders against such action as he said that it might cost them their tokens. Do Kwon Advise Holders Against Burning […]
