Category Archive: Cryptocurrency, No picture
Ripple and Mercado Bitcoin initiate cross-border payment service in Brazil
Key Takeaways Ripple and Mercado Bitcoin’s new system targets initial transactions between Brazil and Portugal. The partnership marks Ripple’s continued expansion in Latin America. Share this article Ripple has partnered with Mercado Bitcoin, one of Latin America’s largest crypto exchanges, to launch a new crypto-enabled cross-border payments solution in Brazil. This partnership will enable businesses to […]
FTSE Hugging The Flatline, Housebuidlers Bid On Bailey Comments
Image Source: Pexels The UK’s benchmark FTSE 100 index opened higher on Thursday, buoyed by a rise in energy shares, while Britain’s largest supermarket chain Tesco climbed after raising its annual profit forecast. The blue-chip FTSE 100 index is trading with a modest gain of 0.3%. Shares of major oil and gas companies increased by 0.6%, […]
Iran-Israel crisis could drive investors with ‘debasement trade’ favoring Bitcoin and gold — JPMorgan
Key Takeaways Gold prices have surged past expectations due to a weakening dollar and falling Treasury yields. Bitcoin is expected to follow gold’s price trend despite a current negative correlation. Share this article Rising geopolitical risks and the upcoming US presidential election are pushing investors towards traditional safe-haven assets like gold, while Bitcoin faces selling […]
Grayscale Investments adds Aave trust to its crypto product suit
Key Takeaways Grayscale’s Aave Trust offers a novel approach to investing in decentralized finance. Aave’s platform leads in crypto lending with significant total value locked. Share this article Grayscale announced today it is launching the Grayscale Aave Trust, a new investment product that provides investors with access to AAVE, the governance token for Aave’s platform.The […]
Sui, XRP Ledger, EigenLayer set to integrate Axelar’s new Mobius Development Stack
Key Takeaways Axelar’s Mobius Development Stack introduces customizable, self-service integration for web3 applications. The platform features integration with major L1 blockchains and advanced security from Babylon and EigenLayer. Share this article Axelar has officially launched the Mobius Development Stack (MDS), a platform designed to offer customizable, self-service interoperability across various blockchains, on its mainnet. Prominent […]
S&P 500: Stocks Ease Ahead Of US Jobs And Amid Raised Geopolitical Risks
After edging up a modest 0.5% last week, the S&P futures were holding weekly losses of around 0.8% at the time of writing on Thursday. In other words, the S&P was trading near a two-week low, albeit only a tiny bit below its record high hit last week. So, as things stand, we are far […]
OPEC+ Maintains Production Quotas. Mexican Peso Strengthens As New President Takes Office
At the end of Wednesday, the Dow Jones Index (US30) gained 0.09%, while the S&P 500 Index (US500) added 0.01%. NASDAQ Technology Index (US100) closed positive 0.08%. Increasing geopolitical risks dampened optimism over a possible interest rate cut in the US. Meanwhile, economic data showed stronger-than-expected employment growth, with 143,000 private sector jobs created in […]
Swift to pilot digital currency transactions in 2025
Key Takeaways Swift’s 2025 trials will integrate digital and traditional currencies on a global scale. Central and commercial banks will be able to use the Swift network to conduct trial transactions of digital currencies and assets, Share this article Swift announced today it will start piloting live digital asset and currency transactions on its network […]
Carvana Breakout: Could This Bull Flag Propel It To $240?
Carvana (CVNA) has captured the attention of traders with its high volatility and potential for significant gains. Here’s a quick look at the technical setup that could drive Carvana’s next big move. High Beta Stock: Carvana’s stock has been highly volatile, skyrocketing from $25 to $174 in a short period, demonstrating its high beta status. […]
GBP/USD Hammered Down To Over Two-week Low, Below Mid-1.3100s On Bailey’s Dovish Remarks
The GBP/USD pair continues losing ground for the third straight day – also marking the fourth day of a negative move in the previous four – and plummets to over a two-week low during the first half of the European session on Thursday. Spot prices currently trade below mid-1.3100s, down nearly 1.0% for the day, […]
