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 …
Donald Trump’s World Liberty Financial Launched: Key Features and Token Overview
The DeFi industry is at its peak, with hundreds of millions of followers benefiting from it. And now ex-President Donald Trump has stepped into this world with World Liberty Financial. Regardless of many people’s speculation, it is more than a political campaign to win over crypto voters. The ex-president had …
SUI Price Soars As USDC Issuer Circle Makes Game Changing Announcement
Circle has announced its decision to launch its USD Coin (USDC) on the Sui network, a move that has promptly propelled the price of Sui (SUI) cryptocurrency. This initiative marks a continuation of USDC’s expansion across multiple blockchain platforms, now totaling sixteen with the addition of Sui. Circle Announces USDC …
Binance Breaks Silence Amid WazirX-Liminal Dispute Allegations
In an unprecedented turn of events, crypto exchange colossus Binance on Tuesday denied any links to WazirX or Zanmai and Zettai in the wake of users’ stolen funds on the Indian exchange. Notably, the globally leading CEX called on the Indian exchange to hold responsibility for exploited funds, stating clear …
Bring your Crypto to Life: Use Cryptocurrencies for all of your everyday purchases with CoinsBee
In a world that’s becoming increasingly digital, the way we shop for and give gifts is evolving too. Digital gift cards have emerged as one of the most practical and popular gift options. They’re not only flexible and customizable but also instantly available, making them the perfect choice for last-minute …