Latest Market News

Oct 05
Insolvency not in ‘Nexo’s reality’ — co-founder during AMA

Bankruptcy or insolvency is not in “Nexo’s reality,” according to the crypto lending platform’s co-founder and managing partner, Kalin Metodiev. In an Ask Me Anything (AMA) video posted on YouTube on Oct. 4, founders and managing partners Metodiev and Antoni Trenchev addressed community questions and recent FUD-related rumors that Nexo could soon face insolvency issues. Responding […]

Oct 05
Elon Musk would lose 13.5 million Twitter followers if he pushes through plan to eliminate spam accounts: CodeClan

Elon Musk would lose about 13.5 million Twitter TWTR, +22.24% followers, if he pushes through his plan to get rid of most spam accounts, according to data crunched by CodeClan, a Scottish digital skills academy. The Tesla Inc. TSLA, +2.90% CEO on Tuesday gave up a legal battle and agreed to pay $44 billion to […]

Oct 05
The Australian Dollar continues to plunge. Overview for 05.10.2022

The Australian Dollar is still rather weak against the USD. The current quote for the instrument is 0.6496. Yesterday, the Reserve bank of Australia announced a 25-point rate hike, up to 2.60%, which was a bit different from what market players expected. They believed the RBA would continue its “hawkish” policy and raise the rate […]

Oct 05
EURUSD: back to parity again. Overview for 05.10.2022

The major currency is ready to test parity on Wednesday. The current quote for the instrument is 0.9990. The key trigger for the EUR right now is a huge rebound in global capital markets, which revived risk attitude. The USD, in its turn, is being failed by a decline in the US bond yield. Investors […]

Oct 05
Coinbase expands to Australia with focus on institutions in ‘months to come’

With an expanded Australian offering, Coinbase’s VP of international and business development said the exchange faced “tough questions” from regulators and policymakers about its services. 798 Total views 35 Total shares United States-based cryptocurrency exchange Coinbase will expand its services in Australia, launching a local entity and an updated suite of services for retail crypto […]

Oct 05
Crypto ATMs emerging as popular method for crypto scam payments: FBI

The FBI says alongside regular methods of payment such as wire transfers and prepaid cards, crypto ATMs are also becoming a prominent tool for crypto investment scammers. 793 Total views 29 Total shares The Federal Bureau of Investigation (FBI) Miami Field Office has warned that crypto ATMs are emerging as a popular method that scammers […]