The Nemesis launch the land NFT
Metaverse: The Nemesis Launches Land NFT for Virtual Real Estate Investors As the world becomes increasingly digital, it only makes sense that our idea of “real estate” would undergo a transformation as well. Enter the metaverse, an immersive digital space where users can buy, sell, and build on virtual lands. The Nemesis, a company focused […]
Forecasts from three major banks, likely January rebound
On March 10th, the UK is set to release its growth numbers for January. The forecasts from economists and researchers of three major banks are looked at below regarding the upcoming Gross Domestic Product (GDP) data. The UK economy is expected to show an increase of 0.1% month-on-month, compared to the -0.5% decline in December. […]
Announced job cuts are highest at this point of the year since 2009: Challenger
The American economy has been experiencing a rocky ride in the past year, exacerbated by the unprecedented challenges posed by the COVID-19 pandemic. A recent report by outplacement firm Challenger, Gray & Christmas reveals that year-to-date job cuts in 2021 have been the highest since the 2009 global financial crisis. Although announced job cuts have […]
Fantom (FTM) Price Plummets, Bulls Struggle to Recover
The cryptocurrency market can be quite volatile, and the recent movements in the price of Fantom (FTM) are a clear indication of this. Over the past 24 hours, the price of FTM has hit a new 30-day low of $0.3578, as selling pressure in the market has increased. At the day’s high of $0.3903, bullish […]
FX option expiries for Mar 9 NY cut
The foreign exchange market, also known as the forex market, is the largest financial market in the world. It involves the exchange of currencies between global traders and enables companies, investors, governments, and individuals to trade one currency for another at a market-determined exchange rate. Just like any other market, the forex market has its […]
Bitcoin Miner Spent $1.65 Million On a Private Aviation Business
According to recent reports, a private aviation company associated with Core Scientific, the world’s biggest bitcoin miner with a 10% share of global BTC hash rate, has cost the bankrupt company $1.65 million. Stone Tower Air LLC was the last recipient of payment from Core Scientific before the filing for Chapter 11 bankruptcy in December. […]
Crude Oil Futures: Further losses in the pipeline
reaking above the 2.5 million mark for the first time since July 2018. This increase in open interest is a positive sign for the crude oil futures market, indicating that more market participants are interested in taking positions in the market. Open interest is a measure of the total number of outstanding contracts in a […]
Tough rules needed to ‘detoxify’ crypto market, says UK financial watchdog
The need for tougher rules to detoxify the crypto market and protect consumer assets has been echoed by Britain’s Financial Conduct Authority (FCA). In recent years, cryptocurrencies have gained popularity as investors look to diversify their portfolios and explore new investment opportunities. However, the lack of regulation in this sector has led to conflicts of […]
US Pres Biden proposes raising corporation tax from 21% to 28%
US President Joe Biden’s proposed plan to raise the corporation tax from 21% to 28% is causing a stir in the markets. The President’s budget also seeks to impose a 25% billionaire tax and levy high taxes on rich investors. Furthermore, his budget proposal suggests imposing 39.6% taxes on income exceeding $400,000. Biden has taken […]
Biden wants to double capital gains and clamp down on crypto wash sales: Reports
The Biden administration has recently proposed a series of changes to crypto tax treatment that could have significant implications for traders and investors. According to reports, President Biden’s upcoming budget proposal includes a crackdown on crypto wash sales and an end to tax-loss harvesting strategies, which could generate up to $24 billion in revenue over […]