Earlier today, the Bank of Japan (BOJ) decided to keep its interest rates steady at 0.25% thereby giving the global market a sign of relief. The development led to a quick 2.10% surge in the Nikkei index that shot up 700 points moving closer to 38,000 levels. This decision from …
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CFTC Appeals Decision Favoring Kalshi On Election Betting Contracts
The U.S. Commodity Futures Trading Commission (CFTC) is challenging a recent court decision that would allow prediction market platform Kalshi to offer contracts related to U.S. election outcomes. The ongoing legal battle has raised concerns about the integrity of election betting and the extent of the CFTC’s regulatory authority. Court …
Why Maestro Is the Way to Go for Crypto Trading in 2024 and Beyond
Trading has come a long way in the crypto industry. From just a couple of platforms we could use for this activity, we now have to choose from thousands of such trading platforms, each with special benefits and features that can make our lives easier and better. Since technology never …
US Fed Cuts Interest Rate By 0.50%, Will It Spark A Crypto Rally?
The US Fed interest rate cut decision of 0.50%, in line with the market expectations, marks the first policy rate trim in four years. The event was eagerly awaited by the market participants, with traders now awaiting the upcoming Fed Chair Jerome Powell’s speech. Although the market was already expecting …
Ethena Labs Halts Website After Domain Account Hack
Ethena Labs, the organization responsible for the decentralized synthetic dollar protocol, has suspended its website activities after a security breach on its domain registrar’s account. To avert further harm, the company posted a notice on X (previously Twitter) and instructed users not to engage with any site or application that …
Will 50 Bps Fed Rate Cut Send US Economy To Recession?
Gold proponent Peter Schiff sees the possibility of the latest Interest rate cut by the US Federal Reserve fueling recession and even inflation. He described the latest interest rate cut of 50-basis-point as the Fed Reserve giving in to the market. Schiff believes that the situation with the inflation makes …
The Impact of Wars on the Forex Market
The foreign exchange market, commonly known as Forex or FX, is the world’s largest and most liquid financial market. Trillions of dollars are traded daily, with currencies exchanged for commerce, investment, and speculation. While Forex is influenced by various factors, wars, and geopolitical conflicts stand out as significant catalysts for …
US Lawmakers Slam SEC Chair Gary Gensler Over Airdrop Securities Classification
Two prominent U.S. lawmakers, House Majority Whip Tom Emmer and House Financial Services Committee Chairman Patrick McHenry, have raised concerns over the Securities and Exchange Commission’s (SEC) approach to classifying airdrops as securities. In a letter dated September 2024, they addressed SEC Chair Gary Gensler, questioning the agency’s stance on …
Microsoft & BlackRock Partner to Launch $30B Infrastructure Fund
BlackRock is gearing up to introduce an ambitious investment fund exceeding $30 billion, in collaboration with Microsoft. The fund is aimed at developing data centers and energy projects to support the expanding demands of artificial intelligence (AI) technology. Moreover, the partnership represents one of the largest investment vehicles ever created …
5 Things That Hint Bitcoin Price Will Hit $70k Soon
Several happenings and upcoming Bitcoin news could cause the Bitcoin price to reach $70,000 soon enough. These developments provide optimism amid BTC’s stagnant price action as they will likely reverse the bearish outlook that many investors currently have toward the flagship crypto. Five Things That Could Spark The Bitcoin Price …