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Oil Prices Experience a Drop after Saudi Arabia’s Announcement of Increasing its Oil Production

Saudi Arabia has just made an announcement in regards to increasing its production of crude oil. According to Saudi Arabia, it will significantly increase its production of crude oil if the production of oil falls in Russia. As per the daily updates, the reduction in the production of crude oil in Russia would be due … Read more

Axie Infinity is hovering in a Negative Zone Especially after a 20% Price Dip

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On June 1, the trading price of Axie Infinity (AXS) ended up experiencing a sharp downward trend. The report shows that the price of Axie Infinity has started moving in the lower direction. It is a sudden drop that has been recorded in the trading price of Axie Infinity and the entire investment community has … Read more

Impoverished Investors Turn To Bitcoin

Countries all across the world are crumbling under the burden of debt incurred as a result of the paper money system. Inflation is common right now, and buying bitcoin is one of the only methods to protect your assets. Bitcoin and other cryptos are not after by the government in any way. No matter how … Read more

On-Chain Data Shows Ethereum Whales Accumulating Tokens

Some of the largest Ethereum whales are active on most decentralized networks as they accumulate tokens. Chainlink (LINK) and other altcoins on the decentralized protocols are the preferred tokens of the Ethereum whales. The blockchain tracking form, WhaleStats, disclosed that the top 100 whales on the Ethereum network have the same preferences. Stablecoins, some selected … Read more

Shiba Inu Turns around; Sees Increased Demand

Shiba Inu experienced heightened requests from users owning ETH-based digital accounts, defying the abysmal performance of the meme coin earlier in May. Recent information on the best-performing whales in the digital assets industry shows that Shiba Inu sits ahead of other whales based on the number of purchased currencies.   Moreover, current projections based on the … Read more

Ben Bernanke Dismisses Adoption of Bitcoin as a Legal Tender

According to Ben Bernanke, former Federal Reserve Chairman, Bitcoin will not replace traditional payment methods in an interview with CNBC on Monday. According to Bernanke, they designed BTC to function as an alternative for fiat money, but it has failed to do so. According to a top American economist, no one can buy groceries with … Read more

Microstrategy Among The Top Gainers As Crypto-Related Stocks Record Massive Profits

Over the last couple of weeks, when the authorities announced increasing interest rates to combat growing inflation, there has been intense selling pressure in the equities and crypto markets. However, the crypto market is showing gradual recovery amidst the collapse of Terra’s stablecoin (UST). The leading digital asset (BTC) has recovered from a 16-month low, … Read more

U.S. Citizen Accused of $59M Illegal Foreign Exchange Scheme by CFTC

The CFTC has charged Eddy Alexandre, a New York-based U.S. citizen and founder of EminiFX Inc. was charged with a $59M foreign exchange scam scheme. CTFC Charged a U.S. Citizen for Illegal FX Scheme The U.S. government has taken similar steps against Alexandre’s corporation, EminiFX Inc. According to the CFTC, Alexandre guaranteed investors a weekly … Read more

Nigeria’s SEC Release Regulations For Digital Assets, Calls Them Securities

The Securities and Trading Commission of Nigeria has released new laws regarding the nation’s issue, exchange, and storage of digital assets. These regulations may be seen here. It comes twenty months after the first statement the Commission provided on how it will define and regulate digital assets. The stance taken by the SEC is also … Read more