CSPR price jumped 16% but will it go on?
Casper Network’s CSPR price recently experienced a surge of 16% following support from the 50 EMA. However, the question on everyone’s mind is whether the price will continue its upward trend. In this article, we will analyze the CSPR price trend and provide insights into its potential future movements. Casper Network is a layer 1 […]
Crude oil sinks on reports UAE could leave OPEC
The UAE and the OPEC Dilemma – What’s Happening? According to a recent report from the Wall Street Journal, the United Arab Emirates (UAE) has been considering the possibility of withdrawing from the Organization of the Petroleum Exporting Countries (OPEC). This comes at a time when crude oil prices are falling sharply, and the UAE […]
India’s Central Bank Digital Currency Will Act as Alternative to Cryptocurrency, Says RBI Official
India’s Central Bank Digital Currency (CBDC) will be an alternative to cryptocurrency, according to a senior official at the Reserve Bank of India (RBI). The announcement was made by Ajay Kumar Choudhary, Executive Director of the RBI, during a recent interview with CNBC-TV18. He explained that the digital rupee must have all the characteristics of […]
USD Index Price Analysis: Further consolidation in the pipeline
dollar’s downtrend is persisting in the market this week with the US Dollar Index (DXY) breaking below the long-term support level of 90.00. Although it surged on Thursday, the DXY failed to hold onto its gains, surrendering a part of its advance on Friday as the currency pair’s bullish momentum faded. At the start of […]
Arthur Hayes vows his family office Maelstrom will ‘f— some s— up’
Arthur Hayes, co-founder of Bitmex exchange, recently declared in a LinkedIn post that he’s ready to go public about his family office, Maelstrom. The family office focuses on investing in cool and innovative crypto and digital assets, according to their website. Their home page features the tagline “we are entropy,” suggesting they are specialists in […]
Two major risk factors might contribute to some Peso weakening ahead – MUFG
The Mexican peso (MXN) appreciated in February, driven by a hawkish stance from the central bank of Mexico, Banxico. However, according to economists at MUFG Bank, further gains are likely to be limited as Banxico is expected to promote more moderate 25 bps hikes in upcoming meetings. Higher interest rates, while keeping the currency attractive […]
Binance launches anti-scam campaign after Hong Kong pilot run
Binance Launches Joint Anti-Scam Campaign with Law Enforcement Agencies Binance, one of the world’s largest cryptocurrency exchanges, has teamed up with law enforcement agencies to launch a “joint anti-scam campaign” aimed at preventing scams within the crypto community. According to a blog post from the company, the project was first rolled out in Hong Kong, […]
U.S. makes renewed push on countries and individuals that are helping Russia evade western sanctions to get hold of vital equipment such as chips: FT
The United States Treasury, Commerce, and Justice departments have made a renewed push to hold countries and individuals accountable for aiding Russia in obtaining restricted equipment such as semiconductors despite western sanctions. The government agencies have raised concerns that Russia may be funneling imports through nations like China, the United Arab Emirates, Uzbekistan, and Turkey […]
XAU/USD to struggle near term as Fed set to remain hawkish – ANZ
Gold and the US dollar have an inverse relationship as gold is priced in dollars. When the dollar falls, gold becomes cheaper for investors of other currencies and they tend to buy more of it. However, when the dollar rises, gold becomes more expensive for investors and demand is generally lower. This relationship is important […]
BTC’s Price Experienced Biggest Hourly Drop in 4 Months
Bitcoin (BTC) is facing a major price dip, with its value plummeting by 4.25%, the largest hourly drop in over four months, and its weekly price performance losing 6.28%. The plunge is attributed to an ongoing market sell-off that has seen the world’s cryptocurrency cap drop by 3.82% in the past 24 hours, according to […]