On Friday, solar stocks declined after Senator Joe Manchin refused to support the legislation aimed at increasing spending for addressing the issue of climate change. This year, the solar industry has had to deal with plenty of headwinds, which include supply chain disruptions, policy uncertainty, and an increase in the cost of raw materials. Invesco […]
A survey was recently conducted by KuCoin, which revealed that crypto penetration and adoption in Saudi Arabia had recorded a significant increase. According to the results of the survey, the country is now ranked as one of the largest crypto trading hubs in the world. Saudi Arabia’s crypto adoption There has been a tremendous increase […]
There are several states in the United States that are working on developing crypto regulation, as the popularity of the space continues to grow and so do the risks. The Department of Financial Protection and Innovation (DFPI) in California issued a warning to people to be cautious before they decide to make investments in crypto […]
One of the most renowned Brazilian payment companies, Picpay has announced that its app would now include crypto services as well. The company elaborated that the services would include direct processing of crypto payments and buying crypto as well. Picpay is following in the footsteps of companies like Mercado Libre and Nubank, which have also […]
On Monday, the Financial Stability Board (FSB) said that it would come up with a set of global crypto rules in October. This news came after the cryptocurrency market has seen a great deal of turmoil, which has highlighted the need for introducing regulations to oversee this ‘speculative’ and volatile sector. Recent turmoil prompts regulation […]
According to a new class-action lawsuit, the Howey test shows that Solana (SOL) is actually a security. The plaintiff claims that the circumstances and facts that relate to SOL indicate that it is a security in accordance with the Howey test and is not a cryptocurrency. New lawsuit On July 1st, a new lawsuit was […]
On Friday, the Japanese yen rose, while the country’s stocks lost most of their gains after reports said that Shinzo Abe, the former Prime Minister of Japan, had been shot and was gravely injured. Fumio Kishida, the current Prime Minister, said that the former premier was in critical condition and had condemned the attack harshly. […]
According to data, the Canadian dollar is not expected to gain as much ground in the coming year as previously expected because the demand for safe-haven currencies like the US dollar has gone up, thanks to the growing risks of a global economic slowdown. Canadian currency strengthening The forecast had indicated that there would be […]
Li Auto, one of the major Chinese electric car manufacturers has made an announcement in regards to its future plans. The EV maker has announced that it plans on raising a total of $2 billion and it aims to do it through investors from the United States. Li Auto to Raise $2 Billion from Stock […]
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 […]
Garantio Finance Review Expect nothing less than perfection when you opt for an online trading platform. It is true that you can’t get anything in a perfect form, but there is nothing wrong with aiming for it. A trading platform becomes the ship that helps you sail in the sea of online trading. If it […]
Crypto exchange Coinbase denied allegations of the company selling data of its customers to ICE in the United States. This is the Immigration and Customs Enforcement agency that falls under the jurisdiction of the Department of Homeland Security. No data was shared with ICE Rumors had been circulating the market on Thursday that Coinbase was […]
As part of an aggressive push for expanding outside the United States, Coinbase is looking for licenses in different countries in Europe. While the cryptocurrency exchange is already active in some regions, such as Ireland, the United Kingdom, and Germany, it is now planning on expanding its presence to some other regions, such as Italy, […]
The current turmoil in the cryptocurrency market has forced a number of companies in the space to shift their strategy and come up with new approaches that can help them pull through the downtrend. Crypto.com is also doing the same as it announced that they are making changes to their rewards program called Crypto Earn. […]
The trading price of Shiba Inu (SHIB) experienced a gigantic plunge that was triggered due to the recent bloodbath of cryptocurrency. SHIB Bleeds Badly As the cryptocurrency industry suffered a bloodbath, the trading price of Shiba Inu experienced an even worse situation. SHIB’s trading price reportedly suffered double-digit losses. Despite suffering huge losses, the analysts […]
The price of Bitcoin (BTC) ended up experiencing a dip and it came down to $20,200. Bitcoin’s price dipped due to a strong selling that was nothing less than a bloodbath. A great sell-off activity was recorded for Bitcoin that was triggered by multiple institutions. Even the investment firms ended up selling Bitcoin on a […]
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 Tuesday, shares in the Asia-Pacific region climbed higher, as investors were weighing the economic concerns. Most indexes record gains The Hang Seng index in Hong Kong had been trading at a loss but rose 0.7% in the last hour of trading. There was also a 0.73% gain in the Hang Seng Tech index. On […]
On Monday, European shares rose to a high of two weeks, thanks to mining stocks as China lifted COVID-19 curbs, which gave global commodities a lift and also eased fears of inflation. Meanwhile, Prosus’ plans of trimming its stake in Tencent saw the Dutch company’s stock rally. Index records gains There was a 1.1% gain […]
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 […]
