Iran’s central bank signals the imminent launch of the digital rial, a central bank digital currency (CBDC), to streamline payments and bolster international financial integration despite sanctions. Iran’s Central Bank Sends Clear Signals on the Digital Rial Breakthrough Central Bank of Iran (CBI) Governor Mohammad Reza Farzin discussed the digital rial, Iran’s central bank digital […]
Charles Schwab is preparing to launch spot cryptocurrency trading as U.S. regulations evolve, with leadership signaling optimism amid a shifting regulatory and competitive landscape. Charles Schwab Eyes Major Crypto Expansion as US Regulations Evolve Rick Wurster, the incoming CEO of Charles Schwab Corp., has revealed the company’s readiness to offer spot cryptocurrency trading, pending favorable […]
The U.S. Federal Reserve gathered on Thu. for its Federal Open Market Committee (FOMC) session, where officials opted to trim the federal funds rate by a quarter-point. This announcement comes on the heels of Donald Trump’s election as the 47th president of the United States. “The economic outlook is uncertain, and the Committee is attentive […]
UBS forecasts silver will outperform as it gains from economic growth and industrial demand, positioning it as a dual hedge and growth asset for investors. Why UBS Sees Silver Poised for a Breakout Amid Economic Shifts Global investment bank UBS published a note on Monday, outlining the distinct roles of gold and silver in hedging […]
Bitcoin’s price currently holds steady coasting between $ 67,945 to $ 68,149 in the last hour as sellers maintain their grip, with technical indicators and moving averages showing mixed signals for traders. Bitcoin On the daily chart, bitcoin (BTC) has experienced a pullback after reaching a peak around $ 73,600, now settling …
Ledn, a crypto lending platform, has announced $ 1.67 billion in loans processed year-to-date (YTD) as of Q3 2024, marking a milestone since its inception in 2018. This total includes $ 258.7 million in retail loans and $ 1.41 billion in institutional loans, with Q3 alone accounting for over $ 506 …
The rapid rise of BRICS is challenging the relevance of the G20 as a global platform, with BRICS nations now surpassing the G7 in economic output. As BRICS gains influence, discussions about reforms to major international organizations, including the IMF and UN, are intensifying. According to an expert, the G20’s future is increasingly uncertain as […]
Bitcoin (BTC) has experienced a steady decline in recent sessions, but technical indicators are sending mixed messages, hinting at a possible market shift on the horizon. Despite the bearish price trend, oscillators are providing a mix of neutral, buy, and sell signals, reflecting indecision among traders. Bitcoin On the 1-hour chart, bitcoin’s (BTC) downward trajectory […]
North Korea may be ramping up efforts to align itself with the BRICS economic bloc, as its top diplomat skipped the United Nations General Assembly in favor of a BRICS-related event. Analysts suggest that while Kim Jong-un seeks to break diplomatic isolation through such alliances, North Korea’s sanctions and economic constraints make membership unlikely. Recent […]
Bitcoin’s market is currently experiencing a period of stagnation, characterized by minimal capital inflows and outflows. According to an onchain analysis from Glassnode, researchers highlight that this inactivity may lead to heightened volatility in the near future. Glassnode Analysis Warns of Potential Volatility Glassnode’s report with researchers Ukuria OC and Cryptovizart reveals that demand for […]
As of Sept. 16, 2024, bitcoin traded at $ 58,578, within a 24-hour range of $ 58,231 to $ 60,366. The leading crypto asset saw a daily trade volume of $ 26.95 billion, with a market cap of $ 1.15 trillion. Despite this high liquidity, bitcoin is struggling to break …
Federal Reserve Chair Jerome Powell expressed confidence in the central bank’s progress in reducing inflation, suggesting that rate cuts may be on the horizon. Speaking at the Jackson Hole economic symposium, Powell emphasized the Fed’s commitment to achieving its 2% inflation target while maintaining a strong labor market. Rate Cuts Possible as Powell Expresses Confidence […]
On June 17, 2024, ethereum is priced at $ 3,521, fluctuating between $ 3,495 and $ 3,645 over the past 24 hours. Ethereum On the 1-hour chart, ethereum’s (ETH) recent high is $ 3,652, and the low is $ 3,484. The trend has been bearish following the peak on June …
Bitcoin is currently priced at $ 67,350, with a market capitalization of $ 1.32 trillion and a trading volume of $ 42.36 billion. The cryptocurrency’s price has fluctuated within the range of $ 66,665 to $ 70,028 over the last 24 hours. Bitcoin Recent trends in the daily chart reveal …
According to records, China has divested $ 53.3 billion in U.S. Treasury notes and agency bonds during the first quarter. Some analysts suggest this reduction in foreign exchange reserves might be China’s strategic move to leverage its holdings against the United States. China’s Treasury Holdings Drop Dramatically, Raising Red Flags for U.S. Markets China …