US Says Looking Forward To Supporting India’s G20 Presidency Next Year

India formally takes over the presidency of the group of the world’s richest economies on Thursday. Washington: The United States is looking forward to supporting India’s G-20 presidency next year, the White House said on Wednesday. India formally takes over the presidency of the group of the world’s richest economies on Thursday. “We look forward … Read more

Total crypto market-cap hits $850M as Bitcoin and altcoins recover from FTX’s collapse

The total cryptocurrency market capitalization gained 2% in the past seven days, reaching $850 billion. Even with the positive movement and the ascending channel that was initiated on Nov. 20, the overall sentiment remains bearish and year-to-date losses amount to 63.5%. Total crypto market cap in USD, 4-hour. Source: TradingView Bitcoin (BTC) price also gained … Read more

Why is the crypto market up today?

The crypto market is up today and Bitcoin (BTC), Ethereum (ETH) and numerous altcoins all rallied after United States Federal Reserve Chairman Jerome Powell suggested that December could see the start of smaller-sized interest rate hikes. Crypto and equities markets responded positively to Powell’s Brookings Institute speech in which he mentioned promising developments with inflation … Read more

Don’t’ believe the hype — Bitcoin price rally to $17K reflects improving sentiment

Bitcoin (BTC) price gained 6.1% between Nov. 28 and Nov. 30 after briefly testing the $17,000 support. Favorable regulatory winds might have helped fuel the rally after the Binance exchange announced the acquisition of a regulated crypto exchange in Japan on Nov. 30. Bitcoin 12-hour price index, USD. Source: TradingView Binance shut its operations in … Read more

Kraken cuts workforce by 30% in an effort to survive crypto winter

Cryptocurrency exchange Kraken announced on Nov 30, that it has made “one of the hardest decisions” to cut down its global workforce by approximately 1,100 people, making up approximately 30% of its total workforce, amid current market conditions. According to the CEO and co-founder Jesse Powell, Kraken had to triple its workforce due to the … Read more

Rate-hike slowdown possible next month, inflation fight far from over: Fed chief Jerome Powell

WASHINGTON: The Federal Reserve could scale back the pace of its interest rate hikes “as soon as December,” Fed Chair Jerome Powell said on Wednesday, while cautioning the fight against inflation was far from over and that key questions remain unanswered, including how high rates will ultimately need to rise and for how long. “It … Read more