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Kwon also bullishly emphasized that its stablecoin TerraUSD (UST) backed by $10 billion-plus in BTC reserves will “open a new monetary era of the Bitcoin standard.” 5457 Total views 50 Total shares The founder of Terraform Labs (TFL) and Ethereum competitor Terra (LUNA) Do Kwon has outlined plans to accumulate a whopping $10 billion worth […]
Oil futures finished Wednesday with a loss for a third consecutive session, with the U.S. oil benchmark at its lowest settlement since Feb. 25. Data from the Energy Information Administration released Wednesday revealed the first rise in U.S. crude supplies in three weeks, and traders showed concern that high fuel prices may lead to less […]
The digital divide between those for and against cryptocurrencies is widening among U.S. policymakers. 1615 Total views 13 Total shares The Biden Administration has just passed an executive order furthering research into crypto assets in view of regulating them, but politicians within the ruling Democrat party remain deeply divided on digital currency. The lack of […]
Stocks ended sharply higher Wednesday in a session marked by big swings after the Federal Reserve delivered a widely expected quarter-point rate hike and penciled in a series of increases over the rest of the year. The Dow Jones Industrial Average DJIA, +1.55% dipped into negative territory after the Fed announcement, but roared back by […]
USDJPY, “US Dollar vs. Japanese Yen” In the H4 chart, USDJPY is approaching the “overbought area”. In this case, the price is expected to test 8/8, rebound from it, and then resume falling to reach the support at 6/8. However, this scenario may no longer be valid if the price breaks the resistance at 8/8 […]
Markets are expecting a 25bp rate hike from the Fed today and indications in Dot Plot for an additional rate increase of 90-100 bp this year. Forecasts of a higher terminal rate this year should be a positive surprise for the dollar. The degree of concern about the conflict in Ukraine and its economic implications […]