news

In an unexpected turn of events, the U.S. inflation rate outpaced predictions in September, with a year-on-year increase of 3.7% in the Consumer Price Index (CPI), according to the most recent figures from the U.S. Bureau of Labor Statistics. Despite a slight dip in core inflation from 4.3% to 4.1%, financial analysts expect that the […]

In the ever-changing world of cryptocurrencies, XRP and Solana (SOL) have been making waves in the market. The past week has seen significant price movements for both cryptocurrencies, with XRP on a consistent downward trend and Solana nearing a crucial price floor. This article provides an in-depth look at these recent market trends. XRP's Six-Day

The former CEO of FTX, Sam Bankman-Fried (SBF), is facing accusations of directing team members to inappropriately use FTX client assets and conceal financial weak points from multiple creditors, according to Caroline Ellison, the previous CEO of Alameda Research. Ellison delivered this revelation during a hearing on Wednesday, part of the ongoing fraud case against

Recently, the correlation between Bitcoin and gold has been thrust into the spotlight, shedding light on an interesting dynamic between two popular alternatives for traditional fiat currency. Contrastingly, China’s relationship with gold is shifting as it leverages its assets to protect its currency. These concurrent trends illuminate an evolving narrative in the financial world. This

Bitcoin demonstrates stability beneath the $28K mark on October 8, 2023, endorsing a minor leap from the preceding week by 2.6%. The Crypto Fear and Greed Index (CFGI) seems well-poised at a balanced figure of 50 on its 100-point scale, affirming identical standings throughout the week. Furthering the poised conception, Bitcoin's price pattern showcases consolidation

Chainalysis, a leading firm in the field of blockchain forensics, has announced another significant trimming of its workforce. This action comes hot on the heels of the firm's previous round of layoffs conducted earlier the same year. This news is set against the background of a turbulent time for the whole sector, with multiple organizations

Giant cryptocurrency exchange Kraken unveils an ambitious plan designed to cement its foothold in the European market. This intention is crystalized through the acquisition of Coin Meester B.V. (BCM), a revered Dutch crypto broker. Kraken's focus on the Netherlands stems from their strategic plan, namely the European Expansion blueprint. "Compliance with European standards" is a

Former CTO Exposes Covert Diversion of Billions by FTX CEO In a compelling account given to federal prosecutors on Friday, Gary Wang, the co-founder of FTX, made shocking allegations against CEO Sam Bankman-Fried. According to Wang, Bankman-Fried secretly redirected billions of dollars from customer accounts to fuel trades for his hedge fund, Alameda Research. Wang

Gold has been experiencing a downswing this week, reaching a six-and-a-half month low. However, the yellow metal found some modest support due to lower Treasury yields, the possibility of another US government shutdown, and concerns about the Chinese economy. Despite this, upcoming announcements and data releases are expected to cause further decline in the gold

Gold prices slipped yesterday as the Federal Open Market Committee (FOMC) concluded their September meeting, maintaining rates at a 22-year high. The committee's decision signaled that another rate hike would occur before the end of the year. Additionally, the FOMC revised its projection for 2024 rates, increasing them from 4.6% to 5.1%. As a result,