News

On Wednesday, the U.S stock market received data showing the most significant increase in inflation in 13 years. This data has fueled the notion that the pandemic stimulus program will be exited earlier than anticipated. Consequently, the rise in inflation has also affected Asian shares and has gotten many investors worried about the next action. […]

The Federal Bureau of Investigation has on Monday, the 12th of July issued a warning to crypto exchange merchants such as Binance and Coinbase, about a possible attack on its platforms this week. They declared that there are persons who are routinely monitoring these platforms for possible ways they can attack and claim their assets. […]

On Wednesday, the Wall Street Journal Survey announced that there would be an estimated reduction for first-time applicants for unemployment benefits for the first time in recent times. The figure, which stood at 364,000 for the week ending June 26, is estimated to be 350,000 for the week ending on July 3. According to UNCTAD, […]

On Wednesday, Visa Inc., the multinational payment processor, announced that crypto-linked cards exceeded $1 billion in spending in 2021 H1. This was made possible by its partnership with 50 cryptocurrency platforms like Binance and Coinbase, delivering crypto-based payment processing to over 70 million merchants worldwide.  There is a question of how long it took Visa […]

Longtime crypto bull and strategist Meltem Demirors told CNBC on Tuesday that Bitcoin is weeding out weaker investors. The shake-off comes after Bitcoin experienced a contraction.  Demirors who is the Chief Strategist Officer at CoinShares made the statement following a turbulent period for Bitcoin. The turbulent ride began with a great dip before it bounced […]

While China is cracking down on Bitcoin and some countries like Bolivia, Russia and Vietnam have essentially made its use illegal. El Salvador is championing Bitcoin’s emergence as a legal tender. When the law comes into effect, El Salvador will be the first country in the world to adopt Bitcoin as a legal tender. That […]

Since the pandemic struck in February 2020, the United States economy has been needing resuscitation. Several pieces of legislation have been signed to help bring the economy back on its feet and the country has seen great improvement. However, the National Bureau of Economic Research strongly believes that the country is still in a recession.  […]

The Republicans’ House campaign arm has announced its decision to begin accepting contributions in cryptocurrency. The campaign arm, National Republican Congressional Committee (NRCC), told Axios of this new development in its funding strategy recently. The NRCC may be setting a record as the first national party committee to accept cryptocurrency donations but the concept is […]

On big exchanges like TD Ameritrade and others, the stock market rallied aggressively at the start of this week even though one Wall Street firm feared that investors were overlooking something important. They worried investors are yet to appreciate how swiftly the Federal Reserve might react to hiking rates. Wall Street has bounced back after […]