Quick Look ADA Cardano’s revenue skyrocketed by 66.7% quarter-over-quarter (QoQ), with its Treasury ballooning to 1.43 billion ADA. The average daily transactions on the network saw a notable increase of 10.9% QoQ. Despite a minor decline in active staking by 0.5% QoQ, the total value locked (TVL) in USD. A massive surge of 166% QoQ …
Treasury Hits 1.43B ADA Cardano: A 66.7% Revenue Boost Read More »
The Forex market is the largest financial market in the world. People from all over the world are interested in the Forex market. However, they are also interested in cryptocurrencies. Unsurprisingly, they want to gather more information about forex brokers that accept Bitcoin. The intersection of forex brokers and cryptocurrencies represents a significant evolution in …
Quick Look Total OPEC+ crude output decreased by 340,000 barrels per day, the largest drop in six months. The decline was less than half the 700,000 b/d reduction promised for Q1 2024. Key contributors to the cut include Libya, Kuwait, and Iraq, with Libya’s Sharara field shutdown impacting numbers. The UAE bucked the trend with …
Jan ’24: OPEC+ Cuts Output by 340K B/D, Misses Target Read More »
At a Glance BlackRock’s Bitcoin ETF garners $3.9 billion in inflows, making a historic mark in the U.S. ETF arena. Fidelity’s Bitcoin ETF follows closely with substantial $2.51 billion inflows. Ripple faces regulatory scrutiny, ordered to produce financial documents in an ongoing SEC lawsuit. Bitcoin miners’ reserve outflows signal a strategic shift ahead of the …
ETF Inflows Soar, Regulators Act, Crypto Mines Buzz Read More »
Key Points: Bitcoin fell 2.2% to $42,701 following the Federal Reserve’s decision to maintain current interest rates. The Federal Open Market Committee held the federal funds rate at 5.25-5.50%, indicating economic caution. CoinShares’ James Butterfill notes Bitcoin’s increased response to interest rates is linked to traditional finance’s involvement in crypto via Bitcoin ETFs. Celsius exits …
The recent crackdown on offshore crypto exchanges in India has significantly impacted the digital financial landscape. The Economic Times reports that the government’s action follows a prolonged period of offshore crypto platforms failing to comply with requests from the Financial Intelligence Unit (FIU) for clarification. Apple’s decision to remove these exchanges from its App Store …
The Shifting Landscape of Crypto Exchange in India Read More »
People from all over the world have questions about the future of Solana. So, is Solana dead? To cut a long story short, no, it isn’t. The situation is more complicated than it may appear at first glance. As 2023 drew to a close, Solana experienced a remarkable turnaround, registering an impressive surge of nearly …
In the constantly evolving cryptocurrency market, staying updated on trends and movements is essential for investors. CoinGecko, a leading crypto data aggregator, provides key insights that shed light on current market conditions, offering valuable information to investors. With the total cryptocurrency market cap at $1.7 trillion, a decrease of 7% in the last 24 hours, …
Navigating Crypto Turbulence with CoinGecko Insights Read More »
In the dynamic landscape of economic activity, the nation approaches 2024 with cautious optimism, anticipating a return to normalcy after the tumultuous years triggered by the COVID-19 pandemic. As the roller coaster of economic fluctuations gradually steadies, key factors such as job market stability, decreasing odds of a recession, and easing inflation create hope. This …
The recent Israel-Gaza conflict has left a profound impact not only on the immediate parties involved but also on neighbouring Arab countries. As these nations grapple with existing fiscal challenges, the war’s economic cost is proving to be an additional burden. This will push many towards the brink of poverty and exacerbate regional economic instability. …
Arab Country: Economic Fallout Amidst Gaza Crisis Read More »
The cryptocurrency market is witnessing a significant surge, marked by a remarkable $43 million inflow in the last seven days, as institutional investors increase their involvement. This marks the 11th consecutive week of gains, showcasing a sustained bullish sentiment among these major players. In this analysis of the Crypto Bull Run, we explore the latest …
Crypto Bull Run: Institutional Investors Leads Surge Read More »
In the ever-fluctuating world of crude oil trading, Friday morning witnessed oil drops in crude oil futures, unsettling markets. The disappointment stemmed from the voluntary production output cuts OPEC and its allies announced, collectively known as OPEC+. This article delves into the factors contributing to this downturn and explores the implications of the decisions made …
Tasmania boldly unveiled its first state-wide waste strategy, “Tasmania: A Place Where We Waste Nothing,” as it takes decisive steps towards a sustainable economic policy. This groundbreaking strategy aims to reshape the economic environment by prioritising integrated planning, strategic investments, partnerships, and circularity. Circular Economy in Action The heart of Tasmania’s economic policy lies in its …
The intricate tapestry of the Asian-Pacific stock market witnessed a dramatic shift on Monday, propelled by a downturn in the Chinese market attributed to the struggling property firms. The article illuminates the intricate facets of the current Chinese house landscape, spotlighting recent events that have significantly shaped it. Turbulence in China’s Property Market Amidst the …
Chinese House: Economic Turbulence in Property Market Read More »
In the ever-evolving global financial landscape, the dynamics between major currencies play a pivotal role in shaping economic trends. Recently, the spotlight has turned to the yuan to dollars exchange rate, as China’s central bank set the midpoint of the yuan’s trading band at its strongest level since August 7. The recent move and other …
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