Polkadot and Kusama users will benefit from a direct integration with Tether’s USDT when common good parachains launch. As announced by Tether on Tuesday, the stablecoin will launch both on Polkadot and Kusama, its cousin network. Tether is the oldest stablecoin to reach significant adoption and it has recently surpassed $40 billion in circulating supply.
Month: April 2021
GBP/USD falls to a low of 1.3840 on the day Invest in yourself. See our forex education hub. The dollar continues to hold more resilient in European morning trade today, bouncing off the lows yesterday with Treasury yields keeping steadier. The dollar’s advance is evident against the pound, loonie, aussie and kiwi with the former
Bloomberg reports, citing an internal memo from EU member states The memo states that Germany, France, Italy, and Spain will have sufficient vaccine supplies to immunise at least 57% of their total populations by the end of June – which is somewhat close to “near-virus immunity” within the respective countries. Invest in yourself. See our
NEW DELHI: Gold futures were trading with gains on Tuesday as a weaker dollar made bullion cheaper and more attractive for buyers outside the United States, while a pull-back in US Treasury yields provided further support. The dollar slumped to an almost two-week low versus a basket of rival currencies, while US Treasury yields also
The RBA left all its monetary policy measures unchanged in April. The cash rate target stays at 0.1%. correspondingly, the 3-year Australian Government Bond yield target (yield curve control) and the Term Funding Facility (TFF) interest rate also remain at 0.1%. The size QE purchases is kept at AUD100 until September. We notice a mildly
Loretta Mester, president and chief executive officer of the Federal Reserve Bank of Cleveland. David Paul Morris | Bloomberg | Getty Images March’s strong job gains weren’t enough to convince Cleveland Federal Reserve President Loretta Mester that it’s time to change monetary policy. The central bank official told CNBC on Monday that she welcomed news
NASDAQ:MARA surged another 15.78% on Monday, outpacing the broader markets. Marathon Digital Holdings announces its first quarter Bitcoin mining results: 196 new Bitcoins. Rising fears of inflation could lead to Marathon and other Bitcoin miners to skyrocket. NASDAQ:MARA has certainly been one of the best stocks to hold over the past year as the benchmark
Nasdaq still 3.3% from the all time high The Dow and S&P both closed at record highs. The Nasdaq index rose sharply today, but still trades around 3.3% from the all time high reached on February 16. For the day: S&P index rose 57.91 points or 1.44% at 4077.78. At the highs the S&P was up
Forex news for North American trading on April 5, 2021. With yields lower in the US after the strong employment report last week, the moderate Dems on Capitol Hill shooting down Pres. Biden’s 28% corporate tax hike, and stocks higher with records in the Dow and S&P, the “risk on” flows headed out of the
NEW YORK: Oil fell more than $3 a barrel on Monday as rising supply from OPEC+ and higher Iranian output countered signs of a strong economic rebound in the United States. The Organization of the Petroleum Exporting Countries and allies, known as OPEC+, agreed on Thursday to monthly production hikes from May to July. OPEC
Sterling rises together with commodity currencies today. Trading has been rather subdued with most markets closed. But activities should come back to life in US session. US futures point to sharply higher open with DOW likely to ride on the sentiment to extend recent record runs. Euro and Dollar are currently the weakest ones, followed
President Joe Biden talks to reporters on the South Lawn of the White House, in Washington, U.S., March 14, 2021. Cheriss May | Reuters President Joe Biden said Monday that he is not worried that a plan to increase corporate America’s tax bill would dampen the U.S. economy as it emerges from the Covid-19 pandemic.
NZD/USD was on the front foot on Monday, rallying as high as the 0.7070 mark. Risk on market conditions coupled with a weaker US dollar were the main drivers on Monday’s gains. NZD/USD gained some decent ground on Monday, rallying from its 0.7010-0.7040ish range that had been in play since last Thursday to highs close
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Ark Invest believes Bitcoin’s (BTC) market capitalization will one day “comfortably eclipse” that of gold, and exceed $10 trillion, reports the London Times. Headed up by veteran stock picker Cathie Wood, analysts at Ark believe Bitcoin’s $1 trillion value is set to rise tenfold in the coming years, as it moves from being a fringe
Big announcement to follow from Boris Johnson on Easter Monday As the vaccine rollout in the UK gathers pace, things are looking to return back to “normal” again and Boris Johnson will provide the public with a roadmap later today. Among the things he will be covering is the decision to proceed to Step 2
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