In recent developments, PayPal has introduced its stablecoin, known as PYUSD. This raises the question: Is investing in PYUSD a prudent decision? To answer this query, it is essential to comprehend the dynamics of stablecoins, their purpose, and the broader implications of PayPal’s foray into the crypto landscape. Stablecoins and Their Nature First and foremost, […]
In a continuation of its six-week winning streak, the U.S. dollar made modest gains on Tuesday, bolstered by expectations of pivotal economic data set to shape decisions regarding the Federal Reserve’s interest rates. The dollar index, a gauge of the dollar against a basket of global currencies, recorded a 0.44% uptick earlier today to reach […]
HBAR decreases as the Hedera network prepares to deliver tokens worth millions of dollars this week. This announcement was made in a tweet by well-known Chinese journalist Colin Wu, who listed Hedera Network as one of the few projects scheduled to release millions of dollars worth of cryptocurrency within the next week. According to […]
In a groundbreaking move, the US Securities and Exchange Commission (SEC) has taken its first-ever enforcement action against a non-fungible token (NFT) project, alleging the sale of unregistered securities. The SEC’s scrutiny has fallen upon Impact Theory, a media and entertainment company based in the vibrant city of Los Angeles. In 2021, they raised an […]
Bitcoin transaction fees drop by 15% as the price settles at a discount. The transaction fees decreased by almost 15% during the week, according to statistics made public by the crypto analytics firm IntoTheBlock. Due to a steady decrease in daily transactions on the Bitcoin network, network fees dropped by over 15% in the last […]
Coinbase Financial Markets, Inc. has secured regulatory clearance from the National Futures Association (NFA), a self-regulatory organization designated by the Commodity Futures Trading Commission (CFTC). This milestone exemplifies Coinbase’s unwavering commitment to conducting business in accordance with regulations, all while providing reliable and innovative crypto-native solutions for the market. This accomplishment positions Coinbase Financial Markets […]
EURCHF Analysis – Sellers Could Regain Control Next Week EURCHF traders are closing their trade with bullish gains, but market dominance is still lacking from the bulls. Instead, the price has been in a bearish trend. After a period of consolidation, the ongoing situation in EURCHF suggests a pullback in price due to selling pressure. […]
Market Analysis – August 25 US oil (WTI) looks for more bullish momentum. The market needs more attention from bullish participants to expand its momentum. The buyers have been attempting to regain the previously lost bullish pace in the market. Although US oil experienced a significant dip earlier this week, the bulls need to strengthen […]
In the world of currency markets, the U.S. dollar stands tall, poised for a remarkable sixth consecutive week of ascension. Last week, all eyes were on Federal Reserve Chair Jerome Powell, who delivered a keynote speech at the Jackson Hole, Wyoming, gathering. Powell’s words resonated deeply, hinting at the potential necessity of forthcoming interest rate […]
