What to watch for on Friday, August 19: The USD strengthened during US trading hours, rising across the currency board. Market traders appreciated a number of encouraging US macroeconomic figures that suggest the economy has a good chance of skipping recession, even though it is technically in the process of doing so. Investors have changed […]
Tag: Cryptocurrencies
Forex Today – Asian Session: Fed cools tightening, dollar remains strong
What to watch for on Thursday, August 18: The US dollar finished higher against most major rivals on Wednesday, despite suffering a short-term pullback following the release of the FOMC meeting minutes. The greenback suffered a short-lived setback following the release of the Federal Reserve document, which showed US policymakers unanimously agreed to hike rates […]
Crypto.com is expanding its operations in the UK
Singapore-based cryptocurrency platform Crypto.com has registered with Britain’s financial services regulator, the company announced on Wednesday. Crypto.com has joined the Financial Conduct Authority (FCA) register, which means it is approved to offer cryptocurrency services and products to customers in the UK. The UK is a “strategically important market for us”, said Crypto.com CEO Kris Marszalek, […]
Forex Today – Asian Session: Caution Underpins USD
What to watch for on Wednesday, August 17: Caution prevailed on Tuesday as the focus remains on a potential global recession. The dollar maintained its dominance despite a brief boost early in the American session. The EUR/USD pair extended its weekly decline to 1.0121 and ended the day around 1.0160. The European energy crisis remains […]
Chainalysis: Cryptocurrency hacking spree explodes in seven months
Hacker attacks in the cryptocurrency sector not only continue but are also on the rise, further hurting the beleaguered industry that has seen its market capitalization drop by more than 50% this year. In particular, the hacker loot in the first seven months of 2022 amounted to $1.9 billion, up 60% compared to the corresponding […]
Chainalysis: Cryptocurrency Hacker Rush Soars In Seven Months – $1.9B Lost
Hacker attacks in the cryptocurrency sector not only continue but are also on the rise, further hurting the beleaguered industry that has seen its market capitalization drop by more than 50% this year. In particular, the hacker loot in the first seven months of 2022 amounted to $1.9 billion, up 60% compared to the corresponding […]
Forex Today: The dollar remains resilient at the beginning of the week due to the cautious environment
This is what you need to know to trade today Monday August 15th: Having closed the previous week on firm footing, the dollar remains resilient against its main rivals early on Monday, with the Dollar Index extending its rally towards 106.00. There will be no big-impact data on the European economic docket on Monday, but […]
Cryptocurrencies: Bitcoin Hits $25,000 For First Time Since June 13
Bitcoin briefly broke above $25,000 for the first time since mid-June as the cryptocurrency’s rally continued from lows on expected US inflation data and progress towards Ethereum’s big upgrade. As Bloomberg reports, the largest cryptocurrency rose as much as 2.2% on Sunday to $25,031, its highest level since June 13. It is currently trading at […]
Forex Today – Asian Session: Risk Appetite Paused, But Still Leading
What to watch for on Friday, August 12: The dollar swung between gains and losses, ending the day lower against most major rivals. Wall Street opened the day firmly higher amid more signs of receding inflationary pressures in the United States, as the producer price index for July advanced 9.8%, lower than expected. However, as […]
Iran is experimenting with cryptocurrencies to circumvent sanctions
By Dominic Dudley Iran has begun using cryptocurrencies to settle cross-border trade transactions as the country continues to look for ways to avoid using the US dollar and the international banking system. In a tweet on Tuesday, the head of Iran’s Trade Promotion Organization (ITPO) Ali Reza Peymanpak announced that “the first official listing using […]