Cryptocurrencies have had a profound impact across multiple industries, and online gambling is no exception – with numerous crypto casinos now offering attractive features such as free spins to attract players. Crypto casinos allowing players to gamble using digital currencies like Bitcoin and Ethereum have quickly grown in popularity in recent years, offering popular games …
A research paper published in 2015 came out with a very interesting finding. At times when a particularly high lottery prize was up for offer, trading volume decreased substantially in certain risk-on stocks. Apparently, a large subset of financial traders found that the jackpot served their purposes better than online trading channels. The viewpoint of …
The foreign exchange market, commonly known as Forex or FX, is the world’s largest and most liquid financial market. Trillions of dollars are traded daily, with currencies exchanged for commerce, investment, and speculation. While Forex is influenced by various factors, wars, and geopolitical conflicts stand out as significant catalysts for volatility. The relationship between military …
Gold proponent Peter Schiff sees the possibility of the latest Interest rate cut by the US Federal Reserve fueling recession and even inflation. He described the latest interest rate cut of 50-basis-point as the Fed Reserve giving in to the market. Schiff believes that the situation with the inflation makes the recession even worse. Is …
Ethena Labs, the organization responsible for the decentralized synthetic dollar protocol, has suspended its website activities after a security breach on its domain registrar’s account. To avert further harm, the company posted a notice on X (previously Twitter) and instructed users not to engage with any site or application that purports to be the Ethena …
The U.S. Commodity Futures Trading Commission (CFTC) is challenging a recent court decision that would allow prediction market platform Kalshi to offer contracts related to U.S. election outcomes. The ongoing legal battle has raised concerns about the integrity of election betting and the extent of the CFTC’s regulatory authority. Court Hearing Pits CFTC Against Kalshi …
Earlier today, the Bank of Japan (BOJ) decided to keep its interest rates steady at 0.25% thereby giving the global market a sign of relief. The development led to a quick 2.10% surge in the Nikkei index that shot up 700 points moving closer to 38,000 levels. This decision from the BOJ has subsided the …
The United States District Court for the Northern District of Texas dismissed Consensys Software Inc.‘s case against the Securities and Exchange Commission. This was after a long legal battle to determine the status of Ethereum and other similar software products. Texas Court Ends Consensys Suit Against SEC The U.S. District Court in Fort Worth has …
Trading has come a long way in the crypto industry. From just a couple of platforms we could use for this activity, we now have to choose from thousands of such trading platforms, each with special benefits and features that can make our lives easier and better. Since technology never stops surprising us, a new …
The US Fed interest rate cut decision of 0.50%, in line with the market expectations, marks the first policy rate trim in four years. The event was eagerly awaited by the market participants, with traders now awaiting the upcoming Fed Chair Jerome Powell’s speech. Although the market was already expecting a 0.50% rate cut by …
