Category Archive: Finance, No picture
FTSE A Soggy Start The The Holiday Shortened Week
Image Source: Pexels On Tuesday, the FTSE 100 decreased as investors anticipated additional economic data and remarks from Bank of England Governor Andrew Bailey later in the week. The main FTSE 100 index was down 1.1%, marking the fifth consecutive session of losses.The share prices of British water utilities Pennon, United Utilities, and Severn Trent have […]
Gold’s Pullback Not Necessarily End Of Bull Trend
Gold prices turned lower after a positive start, driven by a small uptick in the dollar after it had made a weaker start to the new week. After a very bright last few months, a bit of a pullback and side-ways action is always needed in strong uptrends. Regardless of whether we will see some […]
Ethereum funds attract $35 million in inflows following ETF approvals
Digital asset investment products experienced over $1 billion in weekly inflows last week, marking the third consecutive week of inflows, as reported by asset management firm CoinShares. Ethereum (ETH) funds registered $35.5 million of inflows in the same period, its most substantial intake since March, and reduced the month-to-date outflows to $11 million.The recent uptick […]
USD/CHF Weakens Below 0.9150 On Softer US Dollar, Eyes On Swiss GDP Data
The USD/CHF pair weakens to 0.9120 during the early European session on Tuesday. The selling pressure of the Greenback drags the pair lower. Meanwhile, the cautious mood in the market remains to underpin the Swiss Franc (CHF) ahead of the Gross Domestic Product (GDP) data from Switzerland and the US, which are due on Thursday. The hawkish tone from Federal […]
Betting platform Rivalry launches RVLRY token in Web3 expansion
Sportsbook and gaming operator Rivalry today announced the Rivalry Token (RVLRY) a native crypto token designed to augment functionality and user engagement within its suite of products. The token’s launch, expected in the latter half of 2024, marks a strategic move to solidify Rivalry’s position in the crypto-gambling sphere and cater to its primary demographic […]
TRON network officially supported by LayerZero
Geneva, Switzerland, May 28, 2024 – The TRON DAO has officially announced LayerZero support for the TRON blockchain, making TRON the second non-EVM chain to be integrated into LayerZero’s cross-chain interoperability protocol. This significant development allows TRON ecosystem developers to seamlessly expand their applications to over 70 other networks supported by LayerZero.LayerZero is a cutting-edge […]
Oil Rises Moderately Ahead Of OPEC+ Meeting. ECB Plans To Cut Interest Rates Next Week
US stock indices were not traded yesterday due to the Memorial Day holiday.Equity markets in Europe mostly went up yesterday. The German DAX (DE40) rose by 0.44%, the French CAC 40 (FR40) closed with a 0.46% gain, the Spanish IBEX 35 (ES35) added 0.71%, the British FTSE 100 (UK100) was not traded.On Monday, European stocks closed with solid gains, cutting the previous week’s losses as […]
Polkadot Community Ratifies JAM As Next Major Protocol Evolution – Can It Drive DOT Price To $10?
The Polkadot community has overwhelmingly voted in support of the JAM upgrade as revealed by Polkadot co-founder Gavin Wood. In a recent X platform post, Wood revealed that the community has ratified JAM as the next major protocol evolution.The JAM protocol was born out of the need to implement a protocol that combines elements of […]
Possible BNB Chain exploit sees $80K in BTC lost
A recent incident on the BNB Chain has resulted in the loss of approximately $80,000 worth of Bitcoin (BTC) due to a potential exploit involving a series of suspicious transactions. While the amount may seem small compared to typical crypto exploits, the attacker’s identity and intentions have come under scrutiny.According to on-chain security firm Cyvers, […]
Bitcoin Falls 2% As Mt. Gox Transfers 107,547 BTC
The cryptocurrency market experienced a notable downturn on 28 May as Bitcoin (BTC) saw a 2% decline following substantial movements of BTC linked to the defunct Mt. Gox exchange. Wallets associated with Mt. Gox transferred a staggering 107,547 BTC, valued at approximately $7.3 billion, to an unknown address, causing significant market concern. This move comes as the […]
