Castastrophy averted as the U.S. senate vote to pass debt deal. Was there any real doubt a deal would be made? The U.S. Congress has approved a deal to lift the country’s borrowing limit, just days before the world’s largest economy was due to default on its debt. Vote 63-36Read More →
Could gold reach new highs and stay there? Gold prices likely have more room to rise and could go as high as $2,500 per troy ounce, some analysts suggest. Investors have been turning to gold after the collapse of Silicon Valley Bank and after the struggles Credit Suisse and worryRead More →
Coinbase warning The U.S. Security & Exchange Commission – (SEC), issued the crypto exchange Coinbase with a ‘Wells’ notice, warning the exchange that it identified potential violations of U.S. securities law. A ‘Wells’ notice is one of the final steps taken before the SEC formally issues charges. It lays outRead More →
Accusations It is widely reported that the SEC (Securities & Exchanges Commission) – accuses Ripple, CEO Brad Garlinghouse and co-founder Chris Larsen of breaching U.S. securities laws by selling XRP without first registering it with the regulator. Ripple contests the SEC’s allegations, maintaining the view that XRP should be consideredRead More →
Go to Gold Gold hit its highest price since early February 2023 yesterday as investors move to gold during financial shocks such the SVB closure. Gold is always seen as a safe haven asset in such times of crisis. Safe Investors sought safety with their money at Silicon Valley Bank andRead More →
Bitcoin gain Bitcoin hit $50,000 on Sunday, reaching a more than 3-month high, as the cryptocurrency continues to rebound. Bitcoin hit an all time high of over $64,000 in April 2021 – then but sold off in June and July, dipping below $30,000. But since mid July, bitcoin has beenRead More →
Asia stocks lower Shares were mostly lower in Asia on Friday after U.S. stocks struggled amid uncertainty over rising Covid-19 cases and new risks appearing. Nikkei index closed down at: 28000 a drop of around 276 points On Thursday, U.S. stock indexes closed mostly down from recent highs. Asia stocksRead More →
Hashrate drops More than 54% of bitcoin’s hashrate, which is the collective computing power of miners worldwide, has dropped off the network since its peak in May. The Bitcoin code has re-calibrated to make it approximately 28% less difficult to mine. Miners who are still plugged into the network standRead More →
S&P 500 rises for a 7th day in a row Stocks rose again on Friday 2nd July as the S&P 500 hit another record high after the June jobs report showed 850,000 new, well above analysts expectations. The index rose 0.75% to 4352 while the Nasdaq climbed 0.81% claiming itsRead More →
Bitcoin’s value briefly surpassed $1 trillion again on Tuesday 9th March 2021, as the price of the cryptocurrency jumped The digital coin’s price rose on Tuesday and its market capitalization went above $1 trillion in overnight trade. It is only the second time that Bitcoin has surpassed $1 trillion afterRead More →