Back to mack-ro On Monday, the People’s Bank of China cut its one-year benchmark lending rate by 10 basis points and left its five-year rate unchanged, falling short of economists’ expectations for a 15 basis point cut to both. “The market is still desperate to see rhetoric translated into significant action in terms of policy…
Visa and Mastercard could see their proposed $30bn settlement thrown out in the antitrust case currently being carried out in the US. This huge proposal was made to provide what the card networks see as a fair settlement that would settle the country-wide claims made by merchants. The case arose when businesses complained that Visa…
Share this article Crypto hardware manufacturing company Trezor has launched a suite of new products aimed at promoting self-custody of digital assets. Unveiled onstage at BTC Prague 2024, the lineup includes the Trezor Safe 5 hardware wallet and the “Trezor Expert” onboarding service. The Trezor Safe 5 enables users to securely store, manage, stake, and…
In a recent Instagram post, American rapper Gazzy Garcia, better known as Lil Pump, revealed his new forehead tattoo featuring Solana. The rapper, known for his hit 2017 single “Gucci Gang,” shared with his 14 million followers that he has sold his Solana tokens, captioning the post with, “Like my new tats? I sold my SOL.” The…
The new blockchain sandbox aims to bolster Geneva’s status as an emerging crypto hub. Storm Partners announced the launch of a new Web3 innovation sandbox, to bolster mass blockchain adoption and elevate Web3 innovation in Geneva. The Swiss blockchain solutions provider’s sandbox, dubbed “Lightningbox,” aims to help large organizations harness the power of blockchain and…
June 14, 2024June 14, 2024 Shares of Bharat Heavy Electricals Ltd were trading in the green and 1.8% higher on 14 June after the company announced securing orders from Adani Power for two power plants worth Rs 7,000 crore. According to the company’s regulatory filing, the first order for…
The Moscow Exchange (MOEX), Russia’s foremost marketplace, has abruptly ceased trading in USD and EUR after the US instituted new sanctions against the country. CNN reported that the Russian Central Bank (RCB) and the MOEX published statements to this effect on Wednesday 12 June 2024, a bank holiday in Russia. These were released a mere…
DXTrade has announced that it is partnering with Sage Capital Management, an investment manager, to offer crypto liquidity to brokers. Powered by the international software developer Devexperts Solutions, DXTrade is a platform that focuses on forex, contracts for differences (CFD) and cryptocurrency trading. In its 13 June 2024 press release, DXTrade said that Sage Capital…
According to a report by Hannah Miao and Gunjan Banerji for The Wall Street Journal (WSJ), a unique group of traders, known as “degens,” has significantly impacted the stock and crypto markets in recent times. These traders, often amateur enthusiasts, embrace high-risk strategies that diverge from traditional investment methods. The term “degen” is a playful…
Bill Oxford Is inflation trending lower? Yes. The Fed’s preferred inflation gauge, the PCE Price Index, has fallen to 2.7% from a peak above 7% two years ago.1 While still higher than the FOMC’s 2% target, there’s hope that slow progress on the inflation front over the back half of this year and through 2025…