Share: Friday will be a relatively quiet day in terms of economic data. During the Asian session, Japan will release the National Consumer Price Index, which is expected to show a slowdown from 3.3% to 2.5%. Later in the day, the UK will report … [Continue reading]
UK regulatory body mandates collection of information about cryptoasset transfers from September 1
Share: United Kingdom’s Financial Conduct Authority (FCA) will be enforcing the “Travel Rule” starting next month. The regulations set out by the Financial Action Task Force will mandate crypto businesses to collect, verify and share information … [Continue reading]
Coinbase Layer 2 BASE hosts 500 scam tokens, amounting to $3.7 million in trade volume
Share: Coinbase’s Layer 2 blockchain BASE has more than 500 scam tokens deployed on it. Scammers have netted nearly $2 million in profit, according to a report by crypto intelligence firm Solidus Labs. Scam tokens have generated nearly $3.7 … [Continue reading]
Ripple opposes SEC’s motion to file an appeal, argues there is no underlying legal rule to justify the move
Share: Ripple and its executives opposed the SEC’s motion to file an appeal in the lawsuit. Ripple argues that there is no legal rule to back the SEC’s contention that the court reached the wrong result in applying the Howey Test to XRP. SEC vs. … [Continue reading]
Cardano price nearing June lows could extend the losses for more than 3.8 million investors
Share: Cardano price is trading at $0.27 after declining over the past week to hit $0.26. The daily average number of investors that conduct a transaction online is consistently falling, hitting a 13-month high this week. Over 86% of all ADA … [Continue reading]
EUR/USD licks its wounds at six-week low under 1.0900 as Fed minutes, yields propel US Dollar
Share: EUR/USD languishes at 1.5-month low amid broad US Dollar strength. Fed Minutes highlights live discussion on inflation pressure, some FOMC members favored rate hikes. Upbeat US Treasury bond yields add strength to Euro pair’s bearish bias … [Continue reading]
Singapore police seize $1 billion in cash and cryptocurrencies used in money laundering
Share: Singapore Police Force announced the arrest of ten foreign nationals involved in the country’s biggest money laundering bust. They seized assets, including 94 real estate properties worth upwards of $800 million and $1 billion worth of cash … [Continue reading]
United States Industrial Production (MoM) registered at 1% above expectations (0.3%) in July
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]
145 to 146 is the area where USD/JPY is trading “naturally” – Commerzbank
Share: With USD/JPY levels in the mid-145s, nobody seems to be afraid of interventions, economists at Commerzbank report. The state of current volatility is not seen to be unusually low The state of current volatility is not seen to be … [Continue reading]
EUR/JPY consolidates below multi-year peak touched on Tuesday, bullish bias remains
Share: EUR/JPY lacks any firm intraday direction and oscillates in a narrow band on Wednesday. A softer risk tone, along with intervention fears, underpins the JPY and acts as a headwind. The BoJ-ECB policy divergence favours bulls and supports … [Continue reading]