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Putin on Dedollarization: 80% of Russia-China Trade in Rubles and Yuan
8.7.2024
Russian President Vladimir Putin highlights economic integration and dedollarization at the Shanghai Cooperation Organisation (SCO) Heads of State Council meeting, chaired by Indian Prime Minister Narendra Modi. “We are making wider use of national currencies for mutual settlements,”...
Fed’s Minutes Report Cites High Inflation and Economic Risks in Decision to Hold Rates
4.7.2024
According to the minutes from the Federal Reserve’s Federal Open Market Committee (FOMC), the choice to maintain the federal funds rate in its current range was driven by concerns about ongoing inflation and economic instability. Economic Instability and Inflation Keep Fed Rates Steady At...
Robinhood users are getting AI tools to help them trade
2.7.2024
Robinhood has acquired Pluto Capital, an AI powered investment research firm
Toncoin gains regulatory approval to trade in Kazakhstan
28.6.2024
The approval of Toncoin marks the 107th digital asset approved by the government regulator, as TON joins AVAX, MATIC, ADA, and others
Solana Climbs 8.1% Following Vaneck’s SEC Filing for SOL-Based ETF
27.6.2024
Following Vaneck’s application with the U.S. Securities and Exchange Commission (SEC) to launch a solana-based exchange-traded fund (ETF), solana has appreciated 8.1% against the U.S. dollar. Apart from bitcoin, ethereum, and stablecoins, solana now boasts the highest daily trade volume among...
What is triangular arbitrage in crypto and how to use it?
27.6.2024
A triangular arbitrageur spots market irregularities and carries out concurrent trades across three asset pairs while skillfully controlling risk
Farmsent integrates Chainlink for enhanced trade finance
26.6.2024
Farmsent, a trade finance platform located in the UAE, has recently announced its affiliation with Chainlink’s tokenized asset system. This partnership seeks to enhance Farmsent’s solutions concerning traceability, cross-border payments, and decentralized financing. The integration of Chainlink...
Solana Adds 'Blinks' and 'Actions' So Users Can Trade Crypto On Their Favorite Social Apps
25.6.2024
The epicenter of the latest "meme coin" hype, Solana is introducing new tools designed to make crypto trading more accessible
Bitcoin futures cash-and-carry trade tanks in profit; what’s next?
24.6.2024
As the selling pressure on crypto continues, Bitcoin’s market price has plummeted. Consequently, the Bitcoin futures cash-and-carry trade has also tanked. Investors prefer cash-and-carry trades in the derivatives market because they involve strategies for simultaneously purchasing and selling...
Fifth Day of Outflows Hits US Bitcoin ETFs With $139 Million in Losses
21.6.2024
U.S. spot bitcoin exchange-traded funds (ETFs) experienced their fifth consecutive day of outflows on Thursday, losing $139.88 million. Grayscale’s Bitcoin Trust (GBTC) led the decline with a $53 million reduction, followed closely by Fidelity’s (FBTC) $51 million loss. U.S. Bitcoin...
Arthur Hayes: Japanese Banks in Crisis Over Dollar-Yen Carry Trade Failures
21.6.2024
Japanese banks, once secure in their financial strategies, are now facing severe challenges due to shifts in global monetary policies, as outlined by Bitmex co-founder Arthur Hayes in his latest blog post. These institutions are caught in a cycle of low yields and high hedging costs, which...
Bitflyer Takes Over FTX’s Defunct Japanese Unit: NHK
20.6.2024
According to a local report, the Japan-based crypto exchange Bitflyer has acquired the failed Japanese unit of FTX. The report indicates that arrangements are currently underway to take over the business. Bitflyer Acquires Bankrupt FTX Japan, Local Report Claims On June 20, 2024, NHK reported that...
US Bitcoin ETFs See Fourth Day of Outflows, Totaling $152M
19.6.2024
U.S. spot bitcoin exchange-traded funds (ETFs) experienced another day of outflows, marking the fourth consecutive day of losses. The 11 funds saw $152.42 million leave on Tuesday, bringing the cumulative total net inflows to $14.81 billion. Grayscale, Fidelity, and Bitwise Drive Tuesday’s...
US Spot Bitcoin ETFs Face Third Day of Outflows, $145 Million Drained on Monday
18.6.2024
U.S. spot bitcoin exchange-traded funds (ETFs) experienced their third consecutive day of outflows on Monday, losing over $145 million. Fidelity’s FBTC continued to lead the outflows with $92 million exiting the fund on June 17. Fidelity’s FBTC and Ark Invest’s ARKB Among...
Crypto Economy Shrinks, Over 3 Dozen Coins Record Double-Digit Losses
17.6.2024
While the crypto market experienced a general decline, with bitcoin dropping 5.6% and ethereum falling 4.4%, roughly six crypto tokens managed to stand out over the past week. Weekly Crypto Report: Bitcoin and Ethereum Drop, Numerous Tokens See Major Losses As of this writing, the global crypto...
Electrocoin Launches Its New Cryptocurrency Exchange Platform, Electrocoin Trade
15.6.2024
PRESS RELEASE. One of the biggest cryptocurrency exchange services in Croatia, Electrocoin, has recently launched their new cryptocurrency exchange platform called Electrocoin Trade, providing services for natural and legal clients in the EU. The platform includes two core services –...
Ghana Central Bank Partners With Singapore Regulator to Demonstrate Use of Digital Credentials in Global Trade
14.6.2024
The Ghanaian central bank recently collaborated with the Monetary Authority of Singapore (MAS) to demonstrate the use of digital credentials in international trade. The second phase of Project DESFT culminated in the execution of cross-border trade between the West African nation and Singapore...
BRICS Meeting Highlights Shift to Local Currencies
11.6.2024
BRICS Ministers of Foreign Affairs have emphasized using local currencies in trade, reaffirming economic resilience and financial sovereignty. At their meeting on Monday, the Ministers underscored the importance of the enhanced use of local currencies in financial transactions between the BRICS...
Crypto enthusiasts warn against naira trade ban on exchanges
8.6.2024
Due to the rapid decline of the naira and the resulting almost three-decade-high inflation rate of 29.9%, the government turned its focus to platforms providing cryptocurrency services
Coinbase introduces Advanced Trade Go SDK
7.6.2024
Coinbase has announced the launch of the Advanced Trade Go SDK to enable users to automate their crypto trading strategies. The SDK is built on Advanced REST APIs and is a fairly flexible sample application. The community-based solution will now offer several benefits to Coinbase Advance users...