The minutes from last week’s Federal Reserve meeting and Nvidia’s massive earnings release will be the economic highlights. Markets might be somewhat swayed by news on consumer inflation predictions and global manufacturing and services indices. A first occurred last week when the DJIA, the U.S. stock market index, surpassed the
Hong Kong has witnessed numerous advancements in the digital assets sector these past few weeks. Notably today, TaxDAO, a Web3 Finance and Tax organisation launched the first crypto-asset tax reporting software earlier today. The software formerly named Intax was upgraded to FinTax and began seed funding today. With the launch
The financial markets were elated by the announcement of the U.S. Consumer Price Index (CPI) statistics this week. It seemed like inflationary pressures could be receding. The report prompted a strong reaction from BlackRock’s Chief Investment Officer (CIO) of Global Fixed Income and Head of Global Asset Allocation, Rick Rieder.
Ethereum price surpassed the $3K mark showing signs of recovery in the early hours of May 17. The leading altcoin is exhibiting a consistent upward trend in the past 24 hours increasing in market price by 5.19% on May 18. At the time of writing it was trading at $3,099
DWF Labs finds itself under the spotlight once again. Recently, the firm made headlines after depositing a substantial 3 million TOKEN ($322,000) onto the Gate.io platform just 15 hours ago. This move comes after DWF Labs received 120 million TOKEN from the Floki team back on November 1, 2023, when
The Hong Kong Monetary Authority announced the launch of e-CNY wallets for local users in a press release on May 17. The project advocating for Cross-Boundary payments has been in effect since 2019.The e-CNY is a pilot program of China’s experimentation with digital fiat currency payment systems in connection with
Alchemy Pay, announced its collaboration with Victory Securities on May 16. The Singaporean payment gateway, connecting cryptocurrency with fiat currencies, provides services in 173 countries. The collaboration is aimed at enabling investors to access Bitcoin and Ethereum Spot ETFs through the platform, stated Alchemy Pay’s press release. Victory Securities, the
Coinbase, a leading cryptocurrency exchange, is gearing up to introduce a specialized service aimed at Australia’s self-managed pension sector, according to insights shared by John O’Loghlen, the Managing Director for the Asia-Pacific region at Coinbase, says Bloomberg. The move comes as self-managed superannuation funds in Australia have increasingly shown interest
Two police officers in South Korea are facing trial over an alleged bribery case involving a high-profile crypto fraud case. It involves an alleged crypto fraudster surnamed Tak. Tak was accused of orchestrating an art-themed altcoin scam and for running a fake Ethereum and NFT-related project convincing people to invest
A core developer of solana based DEX platform Cypher confessed to stealing user funds amounting to $300K on his X account. The core contributor known as Hoak released a public statement accepting the allegations imposed on him and apologised for it. The loss of funds came to contributors’ notice after
