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As per the latest reports surrounding, a $100 million fund has been formed by the Solana Foundation and Solana Ventures. The purpose of the fund is to provide support for the growth of the major spaces within the cryptocurrency universe. The sources suggest that the funding has been formed keeping in mind it’ll be for … Read more
On Tuesday, European stocks climbed higher, as investors were quick to snap up equities that had taken a battering. This came after a massive sell-off in the last few sessions because of worries about the US Federal Reserve getting more aggressive in terms of interest rate hikes and the possibility of an economic recession. Equities … Read more
Fidelity Investments had recently made an announcement that seems to have drawn the ire of Janet Yellen, the US Treasury Secretary. The company announced a plan that would enable investors to add cryptocurrency to their 401(k) retirement accounts, but Yellen believes that there is a great deal of risk associated with it. The New York … Read more
On Friday, the dollar rose against a basket of other major currencies to an almost four-week high. This surge occurred after the release of the US Consumer Price Index (CPI) data, which showed that prices had risen higher than expectations in May. Thus, it strengthened expectations that the Fed will continue its aggressively hiking policy … Read more
On Friday, the Russian rouble strengthened against the US dollar to reach a high of more than two weeks. This was after the Russian central bank decided to reduce its interest rate by almost 150 basis points, which meant that it was back to levels before the pandemic. The rate was back to 9.5% and … Read more
Crypto staking has become quite popular in the industry because it is a means of earning money for those who own digital assets. Therefore, it is not surprising that crypto staking services were recently introduced by Binance US. Binance is the world’s biggest crypto exchange in terms of trading volume and its division in the … Read more
On Tuesday, the Russian rouble weakened, giving away the gains it had made, with the finance ministry easing capital controls slightly. The Russian currency moved away from 61 against the US dollar, as investors turned their focus on the central bank, as it is expected to reduce the interest rate later this week. The Russian … Read more
The EUR or USD combination has flattened out underneath 1.1300, indicating that the constructive recovery from the weeklong lower has dissipated. Bond rates have been stronger as inflation expectations for the novel Omicron COVID variant have stayed high. The German ZEW and the Gross domestic product of the Eurozone both are set to be announced. … Read more
On Monday, crude oil, the US dollar and stocks all firmed, as investors prepared to get a hint on the direction of the economy and interest rates from several meetings of the central bank that will continue till next week. A meeting of the European Central Bank (ECB) is scheduled for Thursday. However, it is … Read more
The next couple of sessions may see the stock market make an attempt to regain its footing once more, even if there is a major inflation report looming ahead at the next week’s end. The last week saw stocks struggling to get ahead. Friday saw yet another sell-off in the market, which meant that the … Read more
