News

Aug 29
EUR/USD Holds Parity, S&P500 Might Jump Soon

The currency pair EUR/USD remains in the supporting zone formed between the levels 0.9950 and 1.0000. This asset is likely to pull back, undergo correction, and jump, targeting the local downtrend. The downtrend is denoted by the blue line on the chart below. Oil is slowly approaching the resistance at the level of 107.50. It […]

Aug 29
Higher real income growth, reduced spending and precautionary savings contributed to significant increase in Irish household deposits during the pandemic

Central Bank Economic Letter finds that, while household deposits increased across all euro-area countries during the pandemic, Irish deposit growth was among the highest, exceeded only by Baltic countries. Unlike Ireland, these countries had very high pre-pandemic deposit growth, marking the Irish experience as exceptional. While the virus and related restrictions reduced spending, a higher […]

Aug 29
0.3% fall in assets “could render Tether technically insolvent” — WSJ

Wall Street Journal’s Jean Eaglesham and Vicky Ge Huang suggested that such a “thin cushion of equity” could cause mayhem in the market if Tether’s liabilities were to outweigh its assets. 742 Total views 33 Total shares An article in the Wall Street Journal (WSJ) has claimed that Tether’s balance sheet is in a position […]

Aug 29
18 ‘uncomfortable’ truths about nonfungible tokens

Nonfungible token (NFT) analyst and blockchain detective “OKHotshot” has highlighted his picks for 18 of the most “uncomfortable truths” about the NFT industry. In a lengthy 20-part thread to his 45,000 followers on Twitter on Aug. 27, OKHotshot laid bare many of the issues currently plaguing the NFT industry, including irresponsible celebrity endorsements, hacking, and the […]

Aug 28
Central Bank of Ireland Issues Warning on Unauthorised Firm – Northstate

It has come to the attention of the Central Bank of Ireland (‘Central Bank’) that a scam entity by the name Northstate (Commonwealth of Dominica), formerly operating the website www.northstate.io, has been claiming to be an investment firm / investment business firm in the State in the absence of appropriate authorisations. A list of unauthorised […]

Aug 28
Central Bank of Ireland Issues Warning on Unauthorised Firm – Allconi Bank Administration Limited

It has come to the attention of the Central Bank of Ireland (‘Central Bank’) that Allconi Bank Administration Limited (Ireland) – https://www.allconi-bank.eu.com (no longer in operation) – has been holding itself out as a banker in the State in the absence of an appropriate authorisation. A list of unauthorised firms published to date is available […]