Day: August 2, 2022

Aug 02
Transcript of Governor Gabriel Makhlouf’s interview with Niall Brady, The Sunday Times

Interview with Governor Makhlouf conducted 16 June 2022 Niall Brady: Okay, well listen thanks again for taking the time to talk to me.  You had a very busy week, from what I see yesterday was a busy day for you.  Gabriel Makhlouf: I’ve had a busy fortnight.  Niall Brady: Really?  Why a busy fortnight Gabriel […]

Aug 02
ETH may consolidate as Merge excitement wears off, says expert

Markus Thielen of Singapore asset manager IDEG believes ETH could be headed for a consolidation phase, turning “cautious” on the cryptocurrency. Source: Cointelegraph

Aug 02
Oracle layoffs have begun, according to reports

Oracle Corp. ORCL, -0.51% has begun layoffs, according to multiple reports Monday. Job cuts affecting employees in the Bay Area have started, according to The Information, which also reported last month that the tech giant is planning to slash thousands of jobs as it seeks to shave $1 billion in costs. Some employees in the […]

Aug 02
Tether supply starts to increase after three-month decline

The Tether printers have been fired up again as the USDT circulating supply has started to tick up. 243 Total views 11 Total shares The world’s largest stablecoin, Tether (USDT) has expanded its circulating supply following almost three months of reductions, in what could be a sign the crypto markets are slowly recovering.  The first […]

Aug 02
U.S. Treasury raises third-quarter borrowing estimate to $444 billion

The Treasury Department on Monday said it expects to borrow $444 billion in privately-held net marketable debt during the July-September 2022 quarter, assuming an end-of-September cash balance of $650 billion. The borrowing estimate is $262 billion higher than announced in May 2022, primarily due to changes to projections of fiscal activity and the estimated impact […]

Aug 02
EURO FX Futures(6E1), H4 Potential For Bullish Rise

Type: Bullish Rise Key Levels:Resistance: 1.04665Pivot: 1.03120Support: 1.00260 Preferred Case:On the H4, with prices breaking the descending channel , we have a bullish bias that price will rise from the pivot at 1.03120 where the 38.2% fibonacci retracement is to the 1st resistance at 1.04665 where the overlap support is. Alternative Scenario:Alternatively, price could break […]

Aug 02
Japanese Yen E-mini Futures (J71!), H4 Potential For Bullish Rise

Type: Bullish Rise Key Levels:Resistance: 0.007784Pivot: 0.007629Support: 0.007490 Preferred Case:On the H4, with prices moving above the ichimoku indicator and broken out of the descending channel , we have a bullish bias that price will rise to the pivot at 0.007629 where the overlap resistance and 61.8% fibonacci retracement are. Once there is upside confirmation […]

Aug 02
SEC charges 11 individuals over $300M crypto ‘pyramid scheme’

The Securities and Exchange Commission (SEC) has charged 11 individuals for their alleged role in the creation of a “fraudulent crypto pyramid scheme” platform Forsage.  The charges were laid in a United States District Court in Illinois on August 1, with the SEC alleging that the founders and promoters of the platform used the “fraudulent […]

Aug 02
Avis Budget stock climbs after big earnings beat

Shares of Avis Budget Group Inc. CAR, -0.52% were up more than 4% in after-hours trading Monday after the company easily topped profit expectations for its latest quarter. The rental-car company posted net income of $774 million, or $15.71 a share, compared with $398 million, or $5.63 a share, in the year-earlier period. On an […]

Aug 02
Nomad token bridge drained of $190M in funds in security exploit

The Nomad token bridge appears to have experienced a security exploit that has allowed hackers to systematically drain the bridge’s funds over a long series of transactions. Nearly the entire $190.7 million in crypto has been removed from the bridge, with only $651.54 left remaining in the wallet, according to decentralized finance (DeFi) tracking platform DeFi Llama. […]