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The trading price of RUNE, the native token for the THORChain protocol has reportedly undergone a strong rally. Due to the rally, the trading price of RUNE has been boosted by 16%. The reason behind the boost in the trading price of RUNE was the launch of the mainnet. The teams behind the development of … Read more
In the recent events, Harmony’s ONE has ended up finding itself among the worst performers in the list of top 200 cryptocurrencies demonstrating the worst performances. Harmony, which is one of the major providers of the cross-chain bridge has recently suffered from an incident resulting in ONE’s downfall. Harmony Suffered a Theft The reason behind … Read more
On Friday, the UK FTSE 100 index saw a boost, thanks to defensive stocks that got a lift and ended a choppy week of trading. Throughout the week, investors had been anxious about the hawkish stance of most global central banks, the increasing risks of global recession and the weak output and economic data. UK … Read more
Elon Musk, the chief executive of Tesla and SpaceX, has reiterated his support to the cryptocurrency Dogecoin (DOGE). He recently confirmed that he has no intention of stopping Dogecoin purchases and would remain committed to the meme token. After his statements, the price of DOGE shot up, amidst a downturn in the crypto market. Musk … Read more
Finally, a week after the downfall, a significant rise has been recorded in the cryptocurrency industry. However, Iran has sad news for the cryptocurrency industry which may pull it down once again. Iran Cuts Power to Legal Mining Centers Just recently, the Ministry of Energy’s spokesperson in Iran, Rajabi Mashhadi, talked about the legal mining … Read more
On Monday, the Russian rouble rose against the US dollar to hit a high of seven years on the Moscow Exchange. This was after the Russian government put forward its new budget and the currency received support from upcoming tax payments at the month end and capital controls that have been put in place. Rouble … Read more
On Friday, European stocks moved higher, but were on course for sharp losses in the week, as hike in interest rates by a number of global banks fueled concerns about an economic slowdown globally. Stocks Rise, But Overall Decline There was a 0.8% increase in the European STOXX 600 index due to volatile trading, but … Read more
The latest data coming in for Binance Coin (BNB) seems very concerning for the entire investment community. Binance Coin, which is the utility token of the largest cryptocurrency exchange by trading volume, Binance, is now experiencing a downtrend. The Reason Behind BNB’s Price Depreciation The recent downfall in the price of BNB has been experienced … Read more
On Thursday, the US stock indexes plummeted, with the rout led by some high profile tech shares. This happened after the US Federal Reserve jacked up its interest rates by the highest level since 1994 in order to combat the soaring inflation, thereby fueling worries of an economic recession. Central Banks Could Trigger Recession The … Read more
On Wednesday, US stock index futures climbed, as investors were keeping an eye on the meeting of the Federal Reserve to see how much interest rates would be increased for quelling inflation. Aggressive Hike Expected Previously, investors had been pricing a rate hike of 50 basis points, but after the higher-than-expected US consumer price index … Read more
