Last week has seen prices of most cryptocurrencies plunge significantly, as the market is reeling from the collapse of one of the leading crypto exchanges i.e. FTX. However, it appears that the…
Close to Collapse Crypto Firm FTX Slammed By Japanese Regulator
FTX, which is nearing collapse, has been slammed by the top watchdog of Japan namely the Financial Services Agency (FSA), and directed to immediately suspend its business operations in Japan. The order…
Russia’s CBDC Integrated Into Banking App
The first Russian bank to have added the country’s central bank digital currency (CBDC) to its mobile application is VTB. The bank is currently testing the integration of the digital ruble with…
Silk Road Thief’s Pleading Guilty Allows DOJ to Seizing BTC Worth Over $3 Billion
The thief, who stole from one of the markets of Silk Road whopping 50K units of Bitcoins, accepted his guilt before the Court by pleading guilty. According to DOJ, the department had…
FTX Files For Bankruptcy And CEO Steps Down
The FTX crypto exchange had been undergoing a crisis in the last week, which culminated in bankruptcy on Friday. The crypto exchange shared a press release on Twitter in which it announced…
OpenSea to Provide NFT Collections to Haas F1 Team
A partnership has been entered into between OpenSea and Haas F1 Team for the launching of NFTs at the behest of Haas. Under the agreement, the NFT project will be undertaken by…
The Dollar Loses Strength After The Feds Share Weakening Inflation Rates
The dollar has lost its strength following the recent input of the US Federal Reserve. The Feds were excited to share the consumer price index (CPI) data for the month of October…
214k Bitcoin Stash of US Feds Equates to Over 1% of Overall Bitcoin Supply
There have been three major forfeitures that US law enforcement has dealt with ever since the cryptocurrency industry has come into being. Due to the seizures, law enforcement authorities have accumulated a…
Stock Markets Crashes Amid Decision Of US Central Bank
Stock markets fell globally but literally crashed in the US on 2nd November. The market saw the worse Wall Street was more interested in knowing the outcome of the Federal Reserve’s meeting….
Three Countries With Strong Economies Jointly Test CBDCs, Forex Markets May Feel The Impact
Countries with strong economies have recently carried out joint testing of the digital versions of their fiat currencies. Commonly referred to as the ‘central bank digital currencies, these are the digital versions…
The Dollar’s Price Has Regained Strength After Feds Announced The Rate Hikes Would Continue
On Wednesday, the trading price of the US dollar regained strength and it is trading at a higher level. The price of the USD rose after Jerome Powell, the Federal Reserve Chair…
Airbnb Loses 9.9% In Stock Price Value After Sharing Earnings Guidance For Q4 2022
The share prices for Airbnb have experienced a great dip after the officials posted the guidance for the fourth quarter. Even the strong earnings data posted for the third quarter was not…
India’s Forex Reserves Reach New 2 Year Low Amid Concerns Of International Recession
As concerns for a global recession started to take shape, many countries are fighting off this new wave of inflation with the help of their Forex reserves. Through regular interventions, countries like…
Investors Show Concern Of India’s Forex Market Dropping By $3.87 Billion
The forex market continues to struggle under the weight of various macroeconomic policies that will continue to dictate how the market continues to grow or all. However, many currencies currently trying to…
