Topics Related To Finance
MUMBAI: With an over 8% year-to-date (YTD) rise, the sensex is currently the best performing major index in the world in 2022. The increase is in sharp contrast to most global indices that are deep in the red. The investing community first bore the brunt of soaring commodity prices fuelled by the Russia-Ukraine war, followed … Read more
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
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
In a blog post on November 30, Coinbase sought to clarify its bug bounty program policies in response to the recent Uber data breach verdict. The company stated that it still welcomes “responsible” disclosure of security issues, but users who abuse this process will not be awarded bug bounties: “The key word in all of … Read more
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
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
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
BTC and many altcoins are kicking up dust after the Federal Reserve chairman Jerome Powell discussed the possibility of smaller rate hikes in 2023, but is the momentum sustainable? Source link
“There is still huge work ahead,” EU top official told Elon Musk in a video chat. Brussels: Europe’s top official for enforcing digital regulation warned Twitter boss Elon Musk on Wednesday that he must do more to fight disinformation in order to comply with EU law. The EU commissioner for the internal market, Thierry Breton, … Read more
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