Mounting Fears of US Recession The S&P 500, a key U.S. equities index, has experienced a decline of just over 10% from its peak on July 31. This drop has been driven by concerns about the U.S. economy heading towards a recession. Experts have even referred to this decline as the first correction since the […]
Gold and BTC Rise as Key US Equities Index Drops Over 10% from July 31 Peak Read More »
Venezuela: The Highest Inflation Rate at 360% According to the International Monetary Fund (IMF), Venezuela is currently experiencing the highest inflation rate in the world at a staggering 360%. The Venezuelan bolivar has been consistently struggling against diminishing purchasing power, making it difficult for the citizens to afford goods and services. Zimbabwe: Triple-Digit Inflation at
The Top Ten Countries Grappling with High Inflation Rates in 2023 Read More »
Chainlink (LINK) Chainlink (LINK) saw significant gains as it rose by as much as 7% in today's session, reaching a high of $11.59. This comes after a previous low of $10.80 and brings the price closer to the recent 18-month high of $11.78 achieved earlier in the week. The relative strength index (RSI) is currently
Chainlink and Cardano Experience Bullish Momentum, Moving Towards Highs Read More »
FDUSD: A Stablecoin on the Rise In just 85 days, the stablecoin FDUSD has experienced a remarkable surge in its circulating supply, increasing by 62% since the beginning of August. This surge has propelled FDUSD into the top ten stablecoins by market capitalization and has also seen a significant expansion in its market volume share.
FDUSD: A Rising Star in the Stablecoin Market Read More »
A Dynamic Year for Crypto Looking at the crypto data for this year, we can see that bitcoin (BTC) has had an impressive 106% surge in value against the U.S. dollar. However, it is important to note that it is not the top performer in this period. In fact, there are several other cryptocurrencies that
The Altcoins That Outshined Bitcoin with Over 700% Gains in 2023 Read More »
Nigeria Contemplates Outlawing Forex Parallel Market Nigeria is taking steps to expand its official currency market to include "legitimate" participants, such as bureaux de change and financial technology companies. Taiwo Oyedele, a member of President Bola Tinubu's committee on fiscal policy and tax reforms, revealed this plan during the Nigerian Economic Summit. Additionally, the government
Nigeria’s Plans to Include Fintechs in Broadened Official Currency Market Read More »
Introduction A recent report by Ccdata, a digital asset-focused research firm, sheds light on the evolving landscape of crypto custodians and their introduction of new use cases for institutional customers. This article explores the key findings of the report and highlights the growing trends in the industry. The Rise of Crypto Custodians According to Ccdata's
Evolution of Crypto Custodians: New Use Cases for Institutional Customers Read More »
Prosecutors Probe Sam Bankman-Fried's Message Deletion Practices During an ongoing hearing, federal prosecutors interrogated Sam Bankman-Fried, the CEO of now-bankrupt crypto exchange FTX, regarding his message deletion practices and the alleged use of customer funds. The prosecutors focused on Bankman-Fried's use of the encrypted messaging app Signal and his enabling of auto-delete features in 2021.
Prosecutors Question Sam Bankman-Fried’s Memory in FTX Case Without Jury Read More »
Ethereum's Dencun Upgrade: Mainnet Release Now Anticipated in 2024 The highly anticipated Dencun upgrade for the Ethereum blockchain won't be making its debut in 2023 as initially expected. Ethereum's core developers have decided to push back the upgrade's release until at least 2024, a revelation made during the latest All Core Developers meeting. After the
Ethereum’s Dencun Upgrade Faces Delay Amid Testing Requirements Read More »
Employee Stock Ownership Plans (ESOPs) provide employees with the opportunity to invest in their future while also participating in company stocks. An ESOP is a retirement plan that allows you to own stock in your company. If you decide to leave the company and retire, you can preserve these funds by utilizing an ESOP rollover
How to Use an ESOP Rollover to IRAs to Secure Your Future Read More »