Currency

To be able to do business within Russia and outside Russia, business organizations are now employing cryptocurrency to bypass the trade restriction placed on them by the European Union. Russia now has no other choice than to adopt the use of crypto even though they have had no conventional regulatory principle guiding the use of […]

  A good understanding of the types of crypto Assets will help us to identify the uses, characteristics and similarities of the types of assets under certain different circumstances.The major crypto assets are divided by CoinDesk’s Digital Asset Classification Standard into a few helpful categories and these categories are discussed below: Cryptocurrency Cryptocurrency refers to […]

During the opening hours of the European trading period today, EUR/USD ranged sideways. This happened as investors were cautious of placing huge bets before the crucial United States’ employment data. Also, yesterday the United States dollar gained some stamina due to the risk avoidance sentiment in the market. The hawkish comments by the Federal Reserve […]

XAU/USD is retaining its previous correction, as the United States dollar dips along with yield during a time of poor performance of the Treasury yield. Also, the risk tone looks better, as it reflects Asian stocks and the S&P 500 futures. This however supplied a headwind to the USD as it supports Gold. Investors are […]

  The crime investigation department of the Indian police accused the criminal of converting money (that he had fraudulently gotten from his victim) into cryptocurrency so that the money will be untraceable. The fraudulent game app ran for two years and was used to rake in a large amount of $1.6 million. The accused, a […]

The USD falls further downwards from a twenty years height during the previous week. However, this has become a major factor initiating the move toward the USD-based commodity. The BoE’s eagerness to purchase around five billion pounds of long-dated gilts pulls the United States bond yield from its many years top and keeps burdening the […]

Recently, in the Bitcoin market (towards the end of September), the price of the crypto experienced high volatility as the high and low of candlesticks (between the 27th and the 28th of September)) ranged from $20,324 and $18,509. Now, we see that the price pull and push are reducing and moving within the range of […]

A report coming from ABC Australia has is that a key investment bank is on the edge, giving ‘a reliable source’. Most are referring to Credit Suisse. This institution was involved in Archego’s calamity, and ever since then, the value of their share fell from $14.90 to $3.90. Also, the credit default exchanges are at […]

Ethereum currently is bearish. The bearishness started in 2021 and has lasted till date and will continue for the rest of this year and the year 2023. Even on the day of the Merge, ETH plummeted furiously. The most important reason for the bearishness is crypto winter. During crypto winter, ETHUSD will be trending downwards […]

A TRUTH ABOUT TRADING A couple of things in life that I really don’t look forward to are: 1. when they draw blood for my semi-annual health checkup and 2. when I have to go to the doctor. Yet, when I think about it, not going could be a lot worse than going. I don’t […]