Yuga Labs Co-Founder Says First Bitcoin NFT Auction Doesn’t Open Door to Scammers
Yuga Labs Co-Founder Defends Bitcoin NFT Auction Process The recent auction of non-fungible tokens (NFTs) by Yuga Labs, the parent company of Bored Ape Yacht Club, on the Bitcoin blockchain has drawn criticism from users who are concerned that it sets a bad precedent for future NFT projects. The 24-hour TwelveFold auction, held last Monday, […]
Gigi Sohn, Biden’s pick to run FCC, withdraws from consideration
Gigi Sohn, a prominent activist and former Federal Communications Commission (FCC) official, was recently nominated by President Joe Biden to serve as the next head of the FCC. However, it has now been confirmed that she has withdrawn from consideration for the position. Sohn cited “unrelenting, dishonest and cruel attacks” from cable and media industry […]
Crypto.com Integrates Apple Pay for Visa Cards in Brazil
Crypto.com, a leading cryptocurrency marketplace, has recently announced an exciting new feature for its Visa card users in Brazil – the integration of Apple Pay. This means that customers holding a Crypto.com Visa card can now use any Apple device – whether it be an iPhone, Apple Watch, iPad, or Mac – to make purchases […]
ICE U.S. Dollar spikes 0.8%, heads for one of highest levels since January on Powell testimony
On the first day of Congressional testimony by Federal Reserve Chairman Jerome Powell, the ICE U.S. Dollar Index surged by 0.8% to 105.22, marking one of its highest levels since January this year. Powell’s testimony suggested the need for a higher ultimate level of interest rates than previously expected, and declared his willingness to accelerate […]
Traders now see better-than-50% chance of half-point rate hike on March 22 after release of Powell’s written testimony
In recent days, financial markets have been abuzz with speculation about the next potential move by the United States Federal Reserve, the country’s central bank, with some suggesting that the institution could increase borrowing rates by up to half a percentage point. According to futures traders, there is a 54% probability that the Fed will […]
Fed Chair Testifies At U.S. Hearing, Says “Can Speed Up Rate Hikes If Needed”
On Capitol Hill today, Federal Reserve Chair Jerome Powell gave his semiannual testimony on monetary policy in front of a panel of congressional senators. He assured them that the central bank is committed to lowering inflation and will use all means necessary to achieve this goal. Powell made it clear that the Federal Reserve will […]
Yields and nearshoring to power Peso ahead – ING
The Mexican Peso: A Force to be Reckoned With The Mexican Peso has been making waves in the foreign exchange market as it continues to grow stronger against the US dollar. Despite the turbulent global economic climate, the MXN has been one of the strongest currencies, making Mexico an attractive destination for foreign investors. According […]
Dovish RBA hike frustrates AUD bulls – SocGen
the Reserve Bank of Australia (RBA) had kicked off the New Year by raising the cash rate target (CRT) by 25 basis points to 3.60%. This marks the first increase in the rate since November 2021, a period of almost a year, and brings an end to Australia’s longest period of unchanged monetary policy in […]
DOGE’s $10B Market Cap Vs SHIB’s $5B Market Cap: Which Is Better?
Dogecoin and Shiba Inu have been popular cryptocurrencies among investors, with a combined market cap of $18 billion, even surpassing Cardano (ADA). However, choosing between DOGE and SHIB can be a difficult decision for those who prioritize short-term volatility over long-term viability. Dogecoin, which is still considered the king of meme coins, was launched in […]
FX option expiries for Mar 7 NY cut
Foreign exchange (FX) option expiries are becoming increasingly popular in the world of trading, as investors and traders look for insights to trade currency pairs. Knowing the option expiries, and their associated amounts, can give market participants valuable information about potential price movements. As of March 7, 10:00 Eastern Time, here are some of the […]