The Governor of the Bank of Japan, Haruhiko Kuroda, announced that claims of Japanese citizens demanding a Central Bank Digital Currency were false. At a symposium for the 35th anniversary of the Center for Financial Industry Information Systems, which was held on the 4th of December, Kuroda talked about the problems that Stablecoins and CBDCs […]
The hopes about a de-escalation of the trade war between the two largest economies came to a crunch when United States President, Donald Trump confirmed the fears of investors that the preliminary pact might not happen till 2020. President Trump while making comments after increasing tariffs on steel and aluminum exports from neighboring countries, Brazil […]
Suspicious activities have been observed in one of the addresses involved in the recent hack involving Upbit, which saw the perpetrators move about $50 million in Ethereum tokens to an unidentified wallet. Whale Alert, a statistical analysis website focused on tracking huge cryptocurrency transactions, alerted that a 10,000 Ethereum token (about $1.5 million) transaction was […]
The trade war which had been between two top economies in the world, US and China had lasted for 17 months in which both countries slapped tariffs on their respective goods and this had raised several concerns of a global recession. In a recent twist of events, it seems there are new additions apart from […]
A data scientist at India’s Vellore Institute of Technology has developed a new technique for forecasting cryptocurrency prices in real-time through the use of a Long Short-Term Memory neural system. According to a news publication on the 2nd of December, Abinhav Sagar explained the process involved in using machine learning technology to forecast price movement […]
Safe-haven currency, Japanese yen always resorted to in times of political and economic uncertainties touched down while AUD and NZD took a reversal trend as market focus shifts to Chinese PMI numbers. Against a basket of currencies, the JPY ranged at a lower price. The JPY, when paired with the USD, had a slight rebound […]
The recent hack event targeted at Upbit serves as a reminder of just how risky it is storing your digital assets on an exchange. We will be looking at seven prominent hacks that happened to exchanges in 2019. 1- Cryptopia got disabled on the 15th of January after it learned about an infringement in security […]
In the last ten years, the market mood around Swedish krona has been morbid. Krona being the official currency of Sweden has been around since 1876 but banks’ predictions about the currency in the last ten years have been disheartening. The Swedish economy which has faced pressures arising from recession concerns and trade wars has […]
During the week, Bitcoin recorded a monthly low of $6600 after witnessing a series of decline for about four weeks. On November 25, Bitcoin regained strength back above the $7000. This recovery led to a forming an inverse head-and-shoulder pattern which was quite significant in the weekly trading with a lot of bullish sentiment. Meanwhile, […]
