Latest Market News

May 12
Biden says one million U.S. lives lost to COVID-19

President Joe Biden on Thursday issued a statement marking one million U.S. deaths from COVID-19. “As a nation, we must not grow numb to such sorrow. To heal, we must remember. We must remain vigilant against this pandemic and do everything we can to save as many lives as possible, as we have with more […]

May 12
Aussie crypto ETFs see $1.3M volume so far on difficult launch day

The trio’s launch marks the first crypto ETFs to go live in Australia, with two of them focused on offering exposure to BTC and the other focused on ETH. 1490 Total views 27 Total shares With crypto markets tanking, three crypto-focused exchange-traded funds (ETFs) picked a difficult day to commence trading on local exchange Cboe […]

May 12
Tether says it’s performing a $1 billion swap with a third party as stablecoin falls as low as 95 cents

Tether USDTUSD, -1.07%, the largest cryptocurrency stablecoin by market cap, said it was performing a “chain swap” with an undisclosed third party after it fell as low as 95 cents against the dollar. “In few minutes Tether will coordinate with a 3rd party to perform a chain swap, converting from Tron TRC20 to Ethereum ERC20, […]

May 12
Tide Turning At The ECB As Summer Rate Hike Calls Grow

Bad Start to 2022 for EUREUR has been one of the weakest in the G10 bloc over the year so far. While most of the central banks in the G10 have now embarked on a tightening path aimed at unwinding the massive stimulus put in place across the pandemic, normalising monetary policy, and taming soaring […]

May 12
Investment Bank Outlook 11-05-2022

CIBCFX FlowsIt is certainly quieter day ahead of US inflation numbers. Our economics team wrote US inflation will likely continue to decelerate in the months ahead due to base effects, but that will be limited by supply chain disruptions in goods sectors tied to lockdowns in China, strong underlying demand for services, and the tightening […]

May 12
Doge gets more love on Twitter and Ethereum gets more hate: Data analysis

Sentiment analysis run across a year’s worth of tweets has found that Ethereum is Twitter’s least favorite cryptocurrency of five studied, while Dogecoin received the most affection. 1397 Total views 7 Total shares Ethereum has taken out the top spot on Twitter as the most hated of five cryptocurrencies studied, while the meme-token Dogecoin is […]