The British pound dropped on Wednesday as investors weighed the prospects for interest rates following the elimination of the majority of the government’s “mini-budget” as statistics revealed that rising food costs drove British inflation into double digits last month. The pound was down 0.7 percent against the dollar at 1.12240 as of 11:30 GMT and […]
Price movement on Ethereum is likely to exceed its buying limit by more than 10% this week as long as the market remains quiet. The price action has been recovering ground since last week’s events. Due to the lack of big events this week, the Ethereum is now quiet and poised to focus on fresh […]
The Russian ruble (RUB) was supported by month-end tax payments as Russian markets opened steadily on Tuesday, despite persistent investor worries about the prospect of more Western sanctions against Moscow. The RUB trades at the 61.95 mark, or -1.48% against the US dollar (USD) in the North American session on Tuesday. Against the euro (EUR), […]
On Monday, Mastercard unveiled a brand-new initiative dubbed Crypto Source that will reportedly give banks “crypto trading capabilities.” According to the release, Crypto Source would “enable financial institutions to bring secure crypto trading capabilities and services to their customers” through partnerships with regulated and authorized crypto custody providers. The financial institution partners of Mastercard will […]
Cardano has been riding the bearish trend. In the crypto market, there has been a lot of selling pressure. Cardano’s network development is currently ongoing, and there are signs of a positive trend on the blockchain network. The development of the network is expected to make transactions faster, thus encouraging more investors. However, bear strength […]
USD/JPY currently appears to be witnessing a bullish Ranging period. As a result, the pair is moving to and fro within narrow limits, during the 1st part of the European trading period. Spot price stays within the striking range of the most elevated level since about 24 years ago (1998), near the 147.00 price level. […]
Binance Pool raises $500 million for new loan programs for Bitcoin miners.The company must have been driven to launch a new loan business for the miners by the recent upheaval from crypto mining businesses. For the loan, which can last up to 18 months, miners just need to provide security in the form of tangible […]
Following news of a potential U-turn by the UK government on its budgetary policies, the Sterling (GBP) jumped to a one-week high until robust US inflation data tempered some of those gains. that said, the pound maintained a steady bias despite raging market dynamics on Thursday. After Sky News reported that the British government is […]
Last week, the European Union (EU) passed a wide variety of sanctions with the intention of putting more pressure on Russia’s administration, economy, and commerce. The ninth package of EU limitations forbade the provision of any cryptocurrency wallet, account, or custody services to Russian citizens or businesses in addition to other sanction measures. A number […]
