Category: Trading News

Gold Price Maintain $1,800 as US Dollar Aims for Strong Yields

Recent Run Gold prices remained relatively high at the Asian session maintaining $1,800 in trade value. The metal had a slow start at the beginning of the week as it marked a Doji candlestick on Monday trade after downtime in the previous week. The upward trend indicates candlestick joins mixed feelings about the Federal Government’s

Regulations Needed to Stabilize Stablecoins- OCC Chief

Michael J. Hsu, US Acting Controller of the Currency, has mentioned the benefits of putting regulations in place in the cryptocurrency sphere, especially on stablecoins. He said regulating the space will give the first benefit of “peace of mind and security” to people using them. While being a speaker at the British-American Business Transatlantic Finance

US Dollar Hits Lowest Rate in 1 Year

The US dollar is having a difficult time in European markets as it heads towards its possible lowest week in over a year. Traders are currently considering the rates on interests by the Federal Reserve as too high.  As of this morning, the Dollar Index tracking the dollar against 6 other fiat currencies around the

US Economy Fields Pessimistic Outlook As Investors Turn Bearish

In the wake of the new omicron covid-19 variant, pessimism about the United States’ economy near-term outlook has risen to an 18-months all-time high as inflation rates continue to hit new all-time highs. The IBD/TIPP latest poll report has revealed a major paradigm shift in investors’ perception that has seen most of the group showcase

LCX Exchange Hacked, $6.8 Million Deposited in the Hackers’ Wallet

As we approach 2022, cryptocurrency breaches persist, with Peckshield reporting losses of $6.8 million in ETH-based tokens via Liechtenstein-based LCX AG. One of LCX AG’s hot wallets has been hacked due to a security issue. They announced the news on Twitter, assuring clients that they had taken safety precautions to safeguard other wallets and valuables.

LCX Suffers a $6.8 Million Loss Due to a Hot Wallet Hack on the ETH Network

Ethereum is a platform for digital currency, international transactions, and apps. The network has created a thriving digital market, as well as innovative novel approaches for producers to make money online. It’s accessible to anybody, anywhere in the globe – everything that you’d be requiting is an internet connection. LCX is dedicated to assisting both

NASDAQ-Listed Blockchain Firm To Pay Its Dividend In BTC

BTCS, a blockchain firm listed on the Nasdaq stock exchange, has revealed that it will pay its next dividend in BTC and, in so doing, becomes the first firm to ever do so in the history of the exchange. Part of an official statement from the company sent to the sec states that it will

Cryptocurrency Ban Is Hard to Execute – India’s Monetary Policy Committee 

A famous analyst and participant of India’s Monetary Policy Committee claims that a complete cryptocurrencies ban will be hard to impose, and it’d just promote illicit practices and darknet involvement. She feels that cryptocurrencies  must be controlled. Members of Monetary Policy Committee Believes Total Cryptocurrency Ban Would be Hard to Execute During a discussion on

Japan to Launch First-Ever Digital Currency ‘Digital Yen’

Most centralized governments have been debating on the matter of CBDC or a Central Bank Digital Currency project. However, the association of the private banking sector in Japan is ready to launch the new digital yen before the end of the current year. The group of banking units that include names like Mizuho, MUFG, SMBC,