Central banks globally continued to bolster their gold reserves in July, despite an increase in gold prices, according to a report by Krishan Gopaul, senior analyst, EMEA at the World Gold Council. The report highlights a 206% increase in net gold purchases compared to the previous month, driven by several key players in the global […]
Report: Central Bank Gold Demand Surges in July Amid Rising Prices Read More »
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Why Betospin Is the Online Casino Everyone’s Talking About Read More »
On Sept. 2, 2024, or roughly 16 days before the next Federal Open Market Committee (FOMC) meeting, an overwhelming majority of the market seems to be predicting the U.S. Federal Reserve to cut the federal funds rate by 25 basis points (bps) on Sept. 18. The U.S. federal funds rate is currently at 5.25%-5.50%, which
Markets Bet Big on a 25bps Fed Rate Cut—Low Odds for a Bigger Reduction Read More »
Currently, the total value locked (TVL) in decentralized finance (defi) stands at $82.2 billion, with Ethereum hosting a commanding 57.24% of that amount. Hot on its heels, Tron and Solana take the second and third spots for the largest TVLs today. Ethereum Reigns Supreme in Defi With 57% of Total Value Locked Despite ethereum (ETH)
Ethereum Still Holds the Lion’s Share of Defi TVL as Tron and Solana Rise Read More »
The U.S. Securities and Exchange Commission (SEC) has raised concerns over FTX’s plan to pay back claims using its “crypto asset securities.” The SEC’s Senior Trial Counsel, Therese Scheuer, has reserved the right to challenge these transactions under federal securities laws. FTX’s Crypto Repayment Plan Faces Potential SEC Challenge The FTX bankruptcy saga is moving
SEC Warns FTX Over Legality of Crypto Asset Distribution in Chapter 11 Plan Read More »
While bitcoin and ethereum dipped between 8.6% and 8% against the U.S. dollar, most crypto assets didn’t have a winning week. However, helium (HNT) bucked the trend, soaring by 15.43% against the dollar over the past seven days. On the flip side, zcash (ZEC) took the hardest hit, plummeting 28.63% during the same period. Crypto
Crypto Market Wobbles: Helium Gains While Zcash Leads Week’s Declines Read More »
Bitcoin faced a challenging August, with its price dipping by 8.6%. Data shows that although 84 previously inactive bitcoin wallets became active last month, the total amount of vintage BTC spent was lower in August than in July. Specifically, dormant wallets spent around 2,291 BTC from addresses that hadn’t been touched between 2011 and 2017.
Bitcoin’s August Slump: Dormant Wallets Stirred, But Vintage BTC Spending Slowed Read More »
On September 2, 2024, ethereum was priced at $2,517, with a 24-hour intraday range of $2,407 to $2,531. Over the past week, its price fluctuated between $2,409 and $2,740, reflecting ongoing volatility. With a 24-hour trading volume of $14 billion and a market capitalization of $302.85 billion, ether’s market dynamics remain under pressure as it
Ethereum Technical Analysis: ETH Price Hovers in Consolidation Zone Read More »
On September 2, 2024, at 7:30 a.m. EDT, bitcoin’s price stood at $58,388, fluctuating within an intraday range of $57,257 to $58,698. With a trading volume of $29.57 billion and a market capitalization of $1.15 trillion, the leading crypto asset demonstrated significant volatility. Technical indicators reveal persistent downward momentum, suggesting that traders should remain cautious
Bitcoin Technical Analysis: BTC Fails to Break Key Resistance Levels Read More »
The payment flow between China and Russia is being disrupted once again due to the enactment of a new package of sanctions that includes 46 Chinese companies allegedly assisting the Russian war effort. This has affected imports of dual-use products, which can be used for both military and civilian purposes, as well as other merchandise.
Bilateral Settlement Between China and Russia Worsens Due to New Sanctions Read More »
