The Ronin Network and Sky Mavis have vowed to upgrade their smart contracts, offer lucrative bug bounties and ramp up security following the $600 million hack late last month. As Cointelegraph previously reported, the Ethereum sidechain developed for the popular NFT game Axie Infinity was the victim of an exploit for 173,600 Ether (ETH) and
Month: April 2022
AUDUSD toward a swing area The AUDUSD is looking to close lower for the fifth consecutive day although today’s decline would be modest. The current price is just four pips off it’s closing level yesterday at 0.7122. The price is traded mostly above that level today but has rotated back to the downside going into
The two big factors providing a strong tailwind for the dollar today are the meltdown in the Japanese yen after the BOJ pledged to maintain yield curve control, sending USD/JPY up to hit 130.00 and also the continued plunge in the Chinese yuan, weakening past 6.60 against the dollar. That is seeing the greenback post
NEW DELHI: Gold prices weakened further on Thursday to a two-month low, thanks to the rising dollar which hurt the bullion’s demand. An impending US interest rate hike also dampened the metal’s appeal as an inflation hedge. The dollar index had reached a five-year top of 103.28, and a further push above 103.82 would see
Yen falls broadly in Asian session today after BoJ stands pat and even maintains a dovish bias. 10-year JGB yield also tumbles after BoJ reiterates the pledged to defend the cap. Dollar, on the other hand, rises broadly, and it’s trading as the strongest one for the week so far. Euro and Sterling are the
In this article FB Mark Zuckerberg told the world last October that he was rebranding Facebook to Meta as the company pushes toward the metaverse. Facebook | via Reuters Meta, the company formerly known as Facebook, is set to report first-quarter earnings after the bell on Wednesday. Here are the key numbers: Earnings per share:
At around 0300 GMT, (as there is no fixed time as usual for the decision, but traders will be looking for it around this time), the Bank of Japan is expected to maintain its key interest rates at today’s meeting. The BOJ continues to defend low rates with bond buying. ”Quarterly forecasts should show inflation for
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NZDUSD bounces off the bottom for 2022 The NZDUSD fell below a old trendline yesterday near 0.6582 during yesterday’s trade. That move also took the price below the swing lows going back to February 2022 near 0.6589 and 0.65918. The subsequent momentum to the downside was continued today with the target being the January 28
It did not take long for the US major indices to turn back into the negative after running higher at the open. The Dow industrial average is now down -66 points or -0.2% at 33173.42 S&P index is down -4.11 points or -0.10% at 4171.10 NASDAQ index is down -37.85 points or -0.30% at 12452.89
New Delhi: Gold prices declined by Rs 258 to Rs 51,233 per 10 grams in the local market here on Wednesday in line with lower international metal prices, according to HDFC Securities. In the previous trade, the precious metal had settled at Rs 51,491 per 10 grams. Silver also declined by Rs 327 to Rs
Selloff in Euro accelerates again today, as Germany benchmark 10-year yield tumbles back below 0.8 handle. Swiss Franc and Sterling are also the weaker ones. Australian Dollar is supported by stronger than expected CPI reading, but looks rather vulnerable into US session. Indeed the greenback is probably ready to power up again, including against commodity
In this article BA A Boeing Co. Dreamliner 787 plane with AirEuropa livery moves past the company’s final assembly facility in North Charleston, South Carolina, U.S., on Tuesday, Dec. 6, 2016. Travis Dove | Bloomberg | Getty Images Boeing reported a wider adjusted loss and lower revenue than analysts expected as the company faced higher
NZD/USD has stabilised just above 0.6550, reflecting a better tone to risk appetite and commodity markets. But the pair remains at risk of a break towards 0.6500, as geopolitical, global growth and Fed tightening concerns mount. NZD/USD traded with a slightly negative bias on Wednesday just above the 0.6550 mark, with bears eyeing a test
USDCAD bases against the 100 day moving average The USDCAD moved higher yesterday and away from it’s 100 day MA. The high yesterday stalled ahead of a lower swing area that is ahead of the extremes from 2021 in 2022. That swing area in the USDCAD comes between 1.27857 and 1.28132. In trading today, the
The dollar continues to keep in a good spot, with the euro and pound notably slumping heavily. The latter two are not helped by worsening technical predicaments with EUR/USD testing its 2020 low of 1.0635 and GBP/USD failing to find much reprieve, sinking to its lowest level since July 2020 as sellers eye the 1.2500
NEW DELHI: Gold prices eased down on Wednesday as the dollar held ground at its highest in more than two years and pressured demand for greenback-priced bullion. The dollar held steady after climbing to its highest since March 2020 on Tuesday as concerns about slowing growth in China and expectations the Federal Reserve will aggressively
Yen and Dollar are both staying in the driving seat as risk-off sentiment continues to dominate the markets. Sterling remains the worst performing one, followed by Euro, with selling focus mainly on them. Australian Dollar recovers mildly as stronger than expected CPI data prompted some speculations that RBA could hike next week. But it’s not
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