This week, we take a closer look at Ethereum, Ripple, Cardano, Shiba Inu, and Polkadot. Ethereum (ETH) This week, Ethereum has moved sideways with a modest 1.5% price increase. Bulls tried to take ETH above $3,900, but they were stopped despite the few attempts. It appears that the resistance at $4,000 will require more time…
China signaled it may skip a conference on the war in Ukraine next month in Switzerland, raising more questions over how effective the event will be. from Bloomberg Politics https://ift.tt/kWymPFa
Consumer prices were 2.6% higher in May than a year earlier, an increase in the 2.4% rate in April, and slightly above expectations, but the rise is unlikely to deter the European Central Bank from cutting interest rates next week. https://www.wsj.com/articles/eurozone-inflation-rises-as-ecb-mulls-rate-cuts-56a75b9f
Ripple’s recently published 2023 Trends in Regional Payments ebook highlights the transformative role of cryptocurrencies and Central Bank Digital Currencies (CBDCs) in the global payments landscape. Latin America is witnessing a digital transformation with a shift towards crypto-powered solutions and CBDCs, despite resistance from sector incumbents. In Africa, crypto-enabled payments are enhancing accessibility and affordability,…
This much is clear for the financial markets: The US presidential election is likely to usher in a bumpy end to 2024. from Bloomberg Politics https://ift.tt/WdgGmTJ
Global bond investors are coming to terms with the likelihood that interest rates are going to stay high for the foreseeable future. from Bloomberg Markets https://ift.tt/8YgRyq6
Galliford Try Holdings Plc will help build an immigration removal center in the UK, part of Prime Minister Rishi Sunak’s plans to control overseas arrivals. from Bloomberg Politics https://ift.tt/GsyilnQ
The ANC’s free-fall, the return of Jacob Zuma and a new era of coalitions. https://ift.tt/odmUfFs May 31, 2024 at 12:04PM
Euro-area inflation accelerated more than anticipated — further clouding the outlook for European Central Bank interest rates after next week’s planned cut. from Bloomberg Markets https://ift.tt/yOPixvB
An excerpt from Nathaniel Popper’s forthcoming The Trolls of Wall Street. from Bloomberg Markets https://ift.tt/cSqrZ6j