In a major development for the cryptocurrency market, the Bitcoin Fear and Greed Index has once again entered the “greed” zone, signaling a positive shift in sentiment among investors. The index, which measures the general feeling of the community towards bitcoin, reached this level for the first time since March 30, 2022. The recent surge […]
As the week draws to a close, the value of the dollar has risen against the euro and sterling, due in part to investors’ focus on the upcoming central bank meetings. The Federal Reserve, European Central Bank, and Bank of England will all be making rate decisions next week as they navigate the current economic […]
The decentralized blockchain oracle network Chainlink has announced a new milestone in a recent tweet. The network has reportedly surpassed $7 trillion in “transaction value enabled” (TVE) since 2022. ⬡ Network Milestone ⬡ The #Chainlink Network has surpassed $7 trillion in transaction value enabled (TVE)—a measure of aggregate USD value of on-chain transactions facilitated by […]
On Wednesday, the Japanese yen experienced a rise in value against the US dollar. The weakening of the greenback allowed for this gain. Despite recent slight adjustments made by the Bank of Japan towards policy normalization, the central bank remains one of the most accommodating among developed countries. As a result, the yen often reacts […]
The Canadian dollar (CAD) softened against the US dollar (USD) on Wednesday following a Bank of Canada (BoC) announcement. In a recent press release, the Bank of Canada announced that it will be raising interest rates by 25 basis points, citing persistently elevated inflation and increased resilience from the United States and Europe in terms […]
As the US dollar remains under pressure globally, the Australian dollar is heading toward the five-month high reached last week at 0.7063. Recent remarks from Federal Reserve officials indicate that they currently believe increases of 25 basis points (bp) will be the proper rate of tightening at the Federal Open Market Committee’s (FOMC) next meetings. […]
The $26 billion (and counting) worth of Ethereum (ETH) pledged on the biggest smart contract network in the world is now one step closer to being accessible to Ethereum users. The first mainnet shadow fork intended to test the viability of the ETH staking withdrawal capability, a feature planned to activate by March, was successfully […]
Decentralized finance, or DeFi, is revolutionizing the financial industry with its focus on community-driven decentralized infrastructures. Among the many use cases in DeFi, insurance is an important one. While insurance protocols may not have the market cap or total value locked (TVL) of larger DeFi subsectors like lending and decentralized exchanges (DEXs), they offer significant […]
The ailing Iranian rial hit a record low versus the US dollar on Saturday due to the nation’s deepening isolation and the potential for European Union penalties against Tehran’s Revolutionary Guards or some of its members. As efforts to restart nuclear talks have stalled in recent months, relations between the EU and Tehran have deteriorated. […]
