Category: fox news


  • Bitcoin’s price has finally calmed at around $57,000 after the massive volatility that the asset experienced since last Friday. Ethereum has turned red once again, while Ripple’s native token has soared by double digits following the latest development on the front against the US SEC. BTC Calms at $57K It’s safe to say that bitcoin…

  • Goldman Sachs CEO David Solomon expects the Federal Reserve to delay any emergency rate cuts until at least September despite weak job data, believing the U.S. economy will avoid a recession. Speaking on “The David Rubenstein Show,” Solomon indicated that while investors had anticipated potential rate cuts before the September meeting due to global market…

  • PRESS RELEASE. Geneva, Switzerland – August 8th, 2024 – Messari, a leading provider of digital asset markets intelligence products, and CryptoRank, a leading crypto industry research & analytics platform, have released research reports highlighting the TRON network’s significant surge in onchain activity over six consecutive quarters. These reports highlight a continuous rise in network engagement…

  • TL;DR Benzinga crypto analyst Armando Pantoja predicted on Tuesday that Shiba Inu price will FOMO to $0.001. But, one of SHIBโ€™s competitors may beat it to 100x. Although anything can happen in markets and past performance is no guarantee of future results, most crypto assets tend to deliver less ROI with each parabolic price rally.…

  • On Aug. 8, on-chain analytics platform Lookonchain reported that the worldโ€™s largest crypto exchange, Binance, experienced a net inflow of $2.4 billion since the market dip on Aug. 5. It added that the majority of that was in stablecoins with an inflow of $1.33 billion in USDT and $519 million in USDC. This suggests that…

  • Crypto exchange Bitstamp is collaborating with Stripe, a financial infrastructure platform, to support Stripe’s fiat-to-crypto onramp across the EU. This collaboration enables EU consumers to easily purchase cryptocurrencies through a customizable widget that developers can embed in apps or websites. This widget offers a seamless checkout experience optimized for cryptocurrency conversion and instant settlement. Developers…

  • The National Bank of Ethiopia (NBE) said it will conduct a special foreign exchange auction on Aug. 7. The Ethiopian central bank envisions similar auctions in the coming weeks, depending on market conditions. The NBE said banks keen on participating must submit their bids on the date of the sale. According to the Ethiopian apex…

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  • The Zimbabwean Cabinet has approved a de-dollarization roadmap outlining “modalities to operationalize the Zig currency as legal tender for use in the economy.” Zimbabwean officials have set early 2026 as the new deadline for making the Zig the countryโ€™s sole currency. The central bank is expected to strengthen the mandatory licensing requirements, which compel business…

  • Periods of widespread decline in global markets are usually rare, happening during times of significant global stress, deleveraging, and increased geopolitical risk. On Monday, both equities and digital assets experienced sharp sell-offs as the unwinding of the yen-carry trade led to market deleveraging. US treasuries surged amid recession fears, and bitcoin saw a 32% drop…