Category Archive: Cryptocurrency, No picture
Sui expands its blockchain ecosystem with ESG backed RWA tokenization
Key Takeaways Sui partnered with Ant Digital Technologies to tokenize ESG-backed real-world assets on its blockchain platform. Sui’s integration of real world asset tokenization is expected to expand investor access and drive platform growth. Share this article Sui formed a strategic partnership with Ant Digital Technologies to tokenize ESG-backed real-world assets on its blockchain platform, […]
Bitcoin Returns Above $100,000 As Monthly Inflows Hit $80 Billion
Bitcoin has returned above the $100,000 mark as on-chain data shows capital continues to flow into the asset at a rapid rate. Bitcoin Realized Cap Has Crossed The $768 Billion MilestoneIn a new post on X, CryptoQuant founder and CEO Ki Young Ju has discussed about the latest trend in the Realized Cap of Bitcoin. The “Realized Cap” […]
USD/CHF Aims To Revisit 0.8950 As SNB To Cut Rates Further
Image Source: Unsplash USD/CHF strives to reclaim an almost five-month high of 0.8960 amid weakness in the Swiss Franc (CHF). The SNB unexpectedly cuts its interest rates by 50 bps to 0.5% on Thursday. Investors expect the Fed to reduce its key borrowing rates by 25 bps on Wednesday. The USD/CHF pair aims to revisit a […]
EUR/GBP Rallies To Levels Near 0.8300 After Disappointing UK Data
Image Source: Unsplash The Euro bounces up from two-year lows with the GBP tumbling after weak UK data. UK GDP contracted for the second consecutive month in November. The diverging forward guidance of the ECB and the BoE has kept the Euro vulnerable. The Euro is rallying for the second consecutive day on Friday and […]
Broadcom’s AI Revenue Soars 220% To $12.2B Amid Growing Demand
Image Source: Unsplash Broadcom (Nasdaq: AVGO) reported a remarkable surge in artificial intelligence revenue, marking a 220% increase over the past year as it published its fourth-quarter earnings results. This substantial growth has propelled the company’s AI revenue to $12.2 billion, highlighting its successful adaptation to the rising demand within the sector.The expanding infrastructure needs of generative AI […]
Japan’s Tankan Was Uninspiring And UK Disappoints With Contracting Economy In October
Image Source: Unsplash Overview: The US dollar is mixed against the G10 and emerging market currencies to finish out the week. Among the G10, sterling and the yen are the heaviest. Japan’s Tankan survey was unimpressive and does nothing to reanimate speculation of a BOJ rate hike next week. Sterling has been dragged down by unexpected news […]
Daily Market Outlook – Friday, Dec. 13
Image Source: Unsplash Asian markets declined on Friday as some traders expressed frustration over the limited information from a Chinese economic conference, leading to a reduced risk appetite ahead of next week’s Federal Reserve meeting. The S&P 500 dropped by 0.5% as traders weighed higher-than-expected unemployment claims against stronger PPI data. Breaking a four-session winning streak, […]
NZD/USD Slides To Two-Year Low, Closer To Mid-0.5700s Amid Divergent RBNZ-Fed Expectations
Image Source: Unsplash NZD/USD drifts lower for the fourth straight day and is pressured by a combination of factors. The RBNZ’s dovish tilt continues to weigh on the NZD on the back of US-China trade war fears. Bets that the Fed will pause its rate-cutting cycle underpin the USD and also weigh on the pair. […]
Canada Sets Goal To Reduce Greenhouse Gas Emissions By 45% – 50% By 2035
Stock photo by Vecteezy The Government of Canada announced a new climate goal, setting a target to reduce greenhouse gas (GHG) emissions by 45% to 50% by 2035, on a 2005 basis.While the government described the new goal as “the next step” in achieving its net zero by 2050, the target would represent only a minor […]
Ledger faces scrutiny after user claims $2.5M in Bitcoin, NFTs stolen
Key Takeaways A user reported losing $2.5 million in Bitcoin and NFTs due to a security breach on a Ledger Nano S. The incident has raised questions about Ledger’s security practices, prompting community scrutiny. Share this article Ledger’s security practices are under scrutiny after a crypto user reported losing approximately $2.5 million in digital assets […]
