Genesis filed for bankruptcy on Friday, two months after the crypto lender halted withdrawals due to the FTX collapse. Stellar Foundation emerged as one of Genesis’ largest creditors with a $13 million claim. Genesis and Gemini were recently charged … [Continue reading]
Federal prosecutors seize $700 million worth of assets tied to FTX founder Sam Bankman-Fried
The $700 million assets also include the 55 million Robinhood shares that Sam Bankman-Fried tried to claim ownership of. Bank accounts in Silvergate bank and Moonstone Bank were also seized and custodied. FTX, on the other hand, recently recovered … [Continue reading]
AVAX price could lose a part of its 61% rally unless bulls push the altcoin to this level
AVAX price noted a 7.4% rally in the last 24 hours as the value of the asset rose to $17.20. Avalanche would be able to chart two-month highs if it can achieve another 15% rally over the next couple of days. The looming fear of corrections could … [Continue reading]
United States Baker Hughes US Oil Rig Count down to 613 from previous 623
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]
Canada Employment Insurance Beneficiaries Change (MoM) declined to -5.4% in November from previous -3.2%
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]
EUR/USD keeps the bid bias unchanged near 1.0860
EUR/USD extends the rebound to the 1.0860 region. Germany’s Producer Prices surprised to the upside in December. ECB Lagarde will speak again at the WEF in Davos. The optimism around the European currency remains well in place for another session … [Continue reading]
AUD/USD trades with modest intraday gains above 0.6900, lacks bullish conviction
AUD/USD gains some positive traction on Friday, though lacks follow-through. The USD benefits from rebounding US bond yields and caps gains for the pair. A mildly positive risk tone might act as a tailwind for the risk-sensitive Aussie. The AUD/USD … [Continue reading]
AUD/USD Price Analysis: Bulls are trapped, 0.6950 eyed before further downside potential to test below 0.6800
AUD/USD bears are stalling, for now, and there are eyes on 0.6935 with the 38.2% Fibonacci around 0.6950 Bears eye a break of 0.6905 to open the price imbalance below and a run to 0.6800 and 0.6750 below there. AUD/USD bulled in breakout … [Continue reading]
USD/CAD Prior Analysis: Bears taking on bullish commitments near 1.3450 key area
USD/CAD bears are taking on a double bottom near 1.3450 support area. Bears eye a 61.8% Fibonacci retracement near 1.3415 should the double bottom (DB) be breached. USD/CAD is eating into the bullish rally's tracks from … [Continue reading]
GBP underperformance unlikely to persist – HSBC
The recent GBP underperformance is largely due to a less hawkish BoE and sluggish domestic activity data but its underperformance is unlikely to continue in the light of a rebound in global risk sentiment and improving domestic dynamics, economists … [Continue reading]