Crypto mining firm, Hive Blockchain, is working to replace Ethereum mining with other mineable coins. The company is undertaking this project if ETH finally transitions to the PoS (proof-of-stake) consensus mechanism. Hive Working To Optimize Its ETH Mining Capacity On September 6th, the Canadian-based crypto mining company stated that it has been working on other […]
Russia has taken a firm decision to force the West to lift its financial sanctions on the country. The country has turned off the main gas pipeline supplying Europe with gas. The country has sworn to turn it on if only the “collective West” suspends its sanctions against Russia. Putin’s Spokesperson Attributes Nord Stream 1 […]
Binance and Nigeria are working together to launch a digital economic zone in Nigeria. This digital economic zone, similar to the virtual free zone in Dubai, will be fueled by blockchain tech. Digital Economic Zone To Support Blockchain And Crypto Businesses In 2022, Binance has been expanding to various parts of the world, preaching crypto […]
The South Korean-based tech firm LG Electronics recently submitted a patent registration application to USPTO (the United States Patent and Trademark Office). The application is for the company’s latest crypto asset wallet, Wallypto. LG Ventures Into The Crypto Storage Space Meanwhile, the crypto wallet is still under testing to limit crashes and system errors. According […]
The second largest bank in Switzerland, Credit Suisse, has unveiled its plan to go big with its China plans. The bank wants to launch a wealth management service in China in 2023. Credit Suisse Eyes Wealth Management Service In China Meanwhile, the Swiss bank has been linked to several scandals surrounding management changes. However, Benjamin […]
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, Stefan Berger, the leading lawmaker for the EU’s MiCA (Markets in Crypto Assets) law, said the text could be ready in six weeks. The MiCA law will change the crypto regulatory climate in Europe. Crypto Firms to Register with State Regulators On June 30th, governments and lawmakers reached an agreement on the outline […]
Sygnum, a Switzerland-based asset manager and crypto bank, is set to make its first debut on the metaverse. The banking firm plans to launch a virtual hub on Decentraland before the end of September. Swiss Bank Embraces The Metaverse On September 1st, the Swiss bank, Signum, announced that it wants to open a digital branch […]
On Monday, there was a drop in European shares, with tech stocks leading declines, but hawkish comments from central bankers pushed up bond yields. This is because the comments fueled worries about the aggressive measures that the banks may take for curbing inflation, even though there is a risk of a recession. Rate hike possibilities […]
Like the rest of the cryptocurrencies, Polygon (MATIC) also suffered from a dip in one of the recent trading sessions. As a result of the dip, the trading price of Polygon started to move in a downward direction. As the price of MATIC continued moving south, it was close to hitting the $0.75 per MATIC […]
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On Friday, there was a drop in UK stock indexes, which saw them record their biggest decline in a week since mid-June amidst mounting concerns about a cost of living crisis in the country. Furthermore, the speech of the chairman of the US central bank, Jerome Powell highlighted that there would be further interest rate […]
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 […]
On Thursday, European shares closed the day higher, as there was a rise in tech and oil stocks. But, gains were capped due to rising concerns about a potential economic recession brought on by an energy crisis. Stocks The continent-wide STOXX 600 index recorded gains of 0.3%. There was a 1.2% rise in energy shares […]
On Thursday, Asia-Pacific markets were trading mostly higher ahead of the economic symposium in Jackson Hole in the United States. A typhoon warning had seen trading in Hong Kong halted, but it resumed in afternoon trading. Markets trading higher There was a 3.63% gain recorded in the Hang Seng index in Hong Kong, as it […]
It had been a while since the trading value of the greenback had been moving higher against the EUR. The trading value of the USD had hit a two-decade high for the first time against the euro. USD Price Edged Unfortunately, the bullish trend for the USD ended as its value started falling lower against […]
On Wednesday, European shares ended the day on gains, thanks to a rise in defensive stocks, even though the gains were kept in check by a gloomy growth outlook and a looming gas crisis. Index rises There was a 0.2% rise in the continent-wide STOXX 600 index, as it finally ended a losing streak of […]
On Tuesday, Asia-Pacific markets were trading lower, after the major indexes on Wall Street ended their worst day since June because of increasing rate hike worries. Asian markets lower The Hang Seng index in Hong Kong recorded a drop of 0.78% in the last hour of trading. There was a 0.404% drop in the Shenzhen […]
On Monday, the shares in the Asia-Pacific markets were trading mostly lower, as there was a re-emergence of concerns about the aggressive hikes from the US Fed. But, there was a rise in Chinese markets, after the country’s central bank reduced its benchmark lending rates. Asian markets The Hang Seng index in Hong Kong saw […]
After the trading bell on Thursday, there was a 35% drop in the shares of meme stock Bed Bath & Beyond, as billionaire investor Ryan Cohen decided to exit the struggling retailer of home goods. This month had seen meme stocks record a stunning rally, but the investor decided to sell his stake in Bed […]
