The U.S. dollar turned slightly up today as traders and investors await the Federal Reserve Chair Jerome Powell’s testimony ahead of the last week’s jobs report, which will probably determine how much further the U.S. central bank raises interest rates. According to the Federal Reserve government report, Fed Chairman Jerome
Many major coins have seen significant gains so far in 2023, which has been a great start for the cryptocurrency market. However, the crypto market has fallen off as we move into the week of March 6. Here are the cryptocurrencies to watch for this week. Synthetix (SNX) The ongoing
As a result of the Silvergate Debacle, the price of Ethereum, the second biggest cryptocurrency, is coming under heavy selling pressure. Investors are wary of reentering the market after Silvergate’s recent filings raised the spectre of the company’s collapse. Yet, a sleeping whale’s wallet was seen splurging from its fund
In an effort to “reinvent” the online entertainment sector. Crypto casino Roobet announced on March 1 that it has partnered with legendary rapper Snoop Dogg. Roobet claims that the partnership with Snoop Dogg would “shake up the industry and bring players a one-of-a-kind gaming experience.” Because of the rapper’s extensive
President Nayib Bukele of El Salvador introduced legislation on June 5, 2021, that would recognize Bitcoin as legal money in the country. Since then, El Salvador has been the pioneer in officially recognizing Bitcoin as a legal tender. That was the first time in history that a government had officially
The Pakistan Banks’ Association (PBA) and Avanza Group have inked a contract for the creation of a blockchain-based KYC platform. The latter group brings together firms that provide cutting-edge banking software, CEM tools, blockchain, and AI. PBA Chairman Muhammad Aurangzeb and Avanza Innovations CEO Waqas Mirza were among those present
While the ‘SHIB Army’ awaits Shiba Inu’s much-anticipated layer-2 blockchain “Shibarium” launch, Pawswap, the decentralized exchange (DEX) built on Shibarium, announced its burn portal “PAWBURN”, which is planned to launch next week. Dear #PAWFAMILY, expect amazing things coming next week!#pawswap $PAW pic.twitter.com/tr9QXVzxgJ — Pawswap – The Shibarium DEX (@PawShibarium) March
The market capitalization of cryptocurrency is on the verge of falling below $1 trillion. The peak of the global market cap was witnessed on April 2022, with a $2.67 trillion measure. Further, post the downfall of the algorithmic stablecoin TerraUSD and its sister coin LUNA on May 2022, the market
Pawswap (PAW), a new token, is gathering steam on social media platforms, looking to attract cryptocurrency investors’ attention. The value of PAW has ramped up substantially because of the token’s rising popularity. According to CoinMarketCap, PAW was trading at $0.00000008047 and up 28.63% in the 24-hour day trade. Also, five
A copy of Multicoin Capital’s yearly investor letter revealed a 91.4% loss for the hedge fund in 2022. The fall was blamed in the letter on the tumultuous year for cryptocurrencies and the direct and indirect effects of the FTX crypto exchange’s closure. The letter stated: “While the fund successfully
