The EUR/USD pair recently witnessed a fall as the euro weakened against the US dollar, causing a stir in the markets. The euro’s fall has come amid concerns about the possible overtightening of ECB policy as well as the divergence in economic performance between the Eurozone and the US. The US has been recovering from […]
The USD/JPY pair has been moving higher since the middle of January, as traders brace for any change or degree of monetary policy from Japan’s new central bank chief. With the current governor’s tenure set to end on April 8, the new BoJ chief, Kazuo Ueda, will be faced with a tough set of problems. […]
Binance USD (BUSD) stablecoin is facing a decrease in market capitalization as more users migrate to Tether’s USDT. This came as the New York Department of Financial Services ordered Paxos Trust Co., the issuer of BUSD, to stop creating more of Binance’s dollar-pegged stablecoin. Binance’s CEO, Changpeng “CZ” Zhao, tweeted that users are already migrating […]
The euro continued its upward trajectory on Thursday, peaking at around 1.0790, driven by risk-on sentiment and a slight pullback in recent days. Over the past few months, the EUR/USD exchange rate has risen more than 13%, rebounding from its bear market lows of below 0.9600 in September 2022. The euro’s rapid recovery has been […]
Coinbase (NASDAQ: COIN), a leading cryptocurrency exchange, saw its shares take a hit on Thursday following rumors that the SEC might ban crypto staking for U.S. retail investors. This announcement, made by CEO Brian Armstrong, has raised concerns about the future of crypto staking and its impact on the crypto industry, including Coinbase. Crypto staking […]
Shiba Inu (SHIB), a popular meme-inspired cryptocurrency, has been making waves in the crypto market recently. With its price surging and reaching new heights, investors are taking notice and jumping on the bandwagon. Notably, Ethereum whales have been taking advantage of this growth and buying up large amounts of SHIB. Shiba Inu experienced a rough […]
According to research by blockchain analysis company Chainalysis, cybercriminals sponsored by North Korea stole $1.7 billion (£1.4 billion) in cryptocurrency in 2022, breaking the previous record for cryptocurrency theft by at least four times. According to Chainalysis’ study, last year was “the biggest year ever for crypto hacking.” Cybercriminals in North Korea are allegedly turning […]
The GBP/USD pair has struggled to make a comeback against the dollar, as price action remained largely unchanged during the Asian and early European sessions on Wednesday. Yesterday’s sell-off in the pair saw it reach a low of 1.2300, and analysts predict that this may not be the end of the downward trend. Nationwide Housing […]
Today, the eurozone saw the release of several key economic indicators, including inflation and labor market data, which were eagerly awaited by investors. However, despite the positive results, the EUR/USD currency pair did not reflect the data. The French inflation, while missing its estimates, still showed improvement compared to the December figure, with an actual […]
