Share: FTX exchange’s advisors are scrutinizing whether millions of dollars in funds offered to Shaquille O’Neal, Naomi Osaka and several NBA teams can be reversed. The bankrupt crypto trading platform funded Major League Baseball for $4.9 … [Continue reading]
Bitcoin price recovery bound to be delayed as Texas power crisis threatens miner reserves
Share: Bitcoin price has been hovering around $25,500 to $26,000 for almost three weeks now with no sign of recovery. The BTC miners in Texas are being forced to shut down due to the ongoing power crisis, which could impact the hash rate. As Texas … [Continue reading]
China Consumer Price Index (YoY) came in at 0.1%, below expectations (0.2%) in August
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or … [Continue reading]
Ripple adds Nevada to its regulatory licenses, acquires web3 infrastructure provider Fortress Trust
Share: Ripple announced it would be acquiring Fortress Trust, a company it has been a minor investor in since 2022. The payment processor aims to become a one-stop shop for enterprises looking for blockchain solutions with this acquisition. XRP is … [Continue reading]
EUR/USD struggles to hold gains, set for weekly loss as it trades below 1.0700
Share: EUR/USD trades at 1.0699, up 0.03%, but set to finish the week down 0.69% as Wall Street shows a mixed performance. German inflation meets expectations at 6.1% YoY, but looming technical recession adds uncertainty ahead of ECB’s September 14 … [Continue reading]
GBP/USD Weekly Forecast: Sellers have control as the focus shifts to UK data and US CPI
Share: Employment data on Tuesday and the monthly GDP on Wednesday will be the highlights in the UK next week. In the US, the CPI on Wednesday will be the centre of attention. Risks in the GBP/USD pair are tilted to the downside while below … [Continue reading]
LBRY plans to appeal ruling that considered LBC token a security
Share: LBRY Inc. filed a motion to appeal the court’s ruling in favour of the US SEC. LBRY planned to wind down operations after a New Hampshire judge ruled that the LBC token traded as an unregistered security. The firm's plan to … [Continue reading]
Gold Futures: There is room for further decline
Share: Considering advanced prints from CME Group for gold futures markets, open interest extended the downtrend for yet another session on Thursday, this time by just 486 contracts. Volume followed suit and shrank for the second consecutive … [Continue reading]
EUR/JPY Price Analysis: Recovers some lost ground above the 157.60 mark, the key contention is seen at 157.20
Share: EUR/JPY holds above the 157.60 mark but remains below the 50- and 100-hour EMAs. The Relative Strength Index (RSI) stands below 50, within a bearish territory. The immediate resistance level is seen at 157.88; the critical support level to … [Continue reading]
USD/CHF continues to advance as the USD remains resilient
Share: USD/CHF rose to 0.8925, up by 0.20% daily. Switzerland Unemployment data from August didn’t show any surprises. Hawkish bets on the Fed boosts the USD On Thursday, the USD/CHF continued to gain ground, driven by a strong USD whose DXY index … [Continue reading]