Sam Bankman-Fried (SBF), the creator and former CEO of the embattled cryptocurrency exchange FTX, is the subject of an investigation by Turkish financial officials for alleged fraud. The action comes after an investigation into the collapse of the company, which also ran a Turkish platform, was launched a few days ago. The Financial Crimes Investigation […]
This morning, the USD/JPY pair ended its week-long descent after bouncing off support near the 138.50 level. The pair has gained about 120 pips, wiping off the losses from yesterday. As markets processed the release of the bearishly skewed FOMC minutes, yesterday’s decline got tantalizingly close to its most recent low print around 137.60. Tokyo’s […]
Cardano price could still level selling pressure. A major evolution is currently ongoing in the crypto space, and Cardano cannot afford to be left out. Judging by a lot of traders’ sentiment, one would think Cardano ADA has little to offer. However, with the recent upgrades and more to come, ADA is on course to […]
A legal framework that will permit the creation of a Russian cryptocurrency exchange in Moscow is being developed by members of the State Duma, the lower chamber of the Russian parliament. According to reliable sources cited by the main Russian business daily Vedomosti, the MPs have been discussing the plan with sector representatives since mid-November. […]
In anticipation of three OFZ treasury bond auctions by the finance ministry on Wednesday, the Russian ruble (RUB) gained momentum as the market anticipated details on an oil export price cap. Ruble On a Roll The ruble was trading at 62.37 against the euro (EUR) and was 0.3% stronger against the US dollar (USD) at […]
In spite of Polygon (MATIC) announcing a strategic alliance with CV Labs, MATIC has done poorly. The collaboration is expected to increase Polygon’s market penetration and contribute to an inclusive and robust digital future for Africa. Presently, the overall crypto market is underperforming as well. About $780 billion is the current total market cap for […]
Ripple is playing right amid the security chase. Based on the ongoing case between the SEC (Security and Exchange Commission) and Ripple, there have been cases of mixed sentiment surrounding investors’ decisions. Although many investors are raising their support for Ripple through amicus curiae filings, the XRP price is currently bleeding as the price volume […]
The Ethereum market is still feeling bearish pressure. The crypto market has been making a systematic rally as the price continues to plummet. This is still due to the collapse of FTX, even though it had previously rallied in September. Over the past week, the Ethereum price has declined by about 7.19%, and it is […]
On Tuesday, the Australian dollar (AUD) recovered from recent severe declines by gaining ground against the Chinese yuan (CNY), while the New Zealand dollar (NZD) is expected to experience an additional boost from its central bank’s likely first-ever major rate hike. The Australian dollar, which is frequently used as a liquid substitute for the Chinese […]
