Cryptocurrency
Archive for admin
Archive for admin
Avalanche (AVAX)
What Is Avalanche (AVAX)? Avalanche (AVAX) is a decentralized platform that aims to provide a highly scalable and customizable blockchain network for developers to launch decentralized applications (dApps) and enterprise blockchain solutions. Avalanche uses a novel consensus protocol called Avalanche Consensus, which allows for high throughput, low latency, and customizable virtual machines to support a […]
Shiba Inu (SHIB)
What Is SHIBA INU (SHIB)? SHIBA INU (SHIB) is a decentralized cryptocurrency token that operates on the Ethereum blockchain. It was created in August 2020 by an anonymous individual known as “Ryoshi” as an experiment in community-driven token creation. The token’s name and branding are inspired by the Shiba Inu dog breed, which is a […]
Today’s Important Developments 11.03.2024
Last Friday, employment in the United States exceeded expectations in February, while wage gains remained moderate, signaling healthy economic growth and softer inflation. Following the data, the Fed swap market fully priced in a 25 basis point interest rate cut in June. Following the non-agricultural data in the USA that exceeded expectations, the ounce price […]
USD Coin (USDC)
What is USD Coin (USDC)? USD Coin (USDC) is a type of cryptocurrency known as a stablecoin, which is pegged to the US dollar at a 1:1 ratio. This means that for every 1 USDC token in circulation, there is an equivalent amount of US dollars held in reserve to back it up. USDC is […]
Binance Coin (BNB)
What Is Binance Coin (BNB)? Binance Coin (BNB) is the native cryptocurrency of the Binance exchange, one of the largest and most popular cryptocurrency exchanges in the world. BNB was initially issued as an ERC-20 token on the Ethereum blockchain before transitioning to Binance’s own blockchain, Binance Chain. Here is some detailed information about Binance […]
Today’s Important Developments 08.03.2024
On the second day of his presentation on the semi-annual Monetary Policy Report, Fed President Jerome Powell stated that they wanted to make sure that inflation fell to the target in order to start reducing interest rates, and said, “When we gain this confidence, it will be appropriate to start reducing interest rates.” The Fed’s […]
Today’s Important Developments 07.03.2024
Fed Chairman Jerome Powell gave the message in his speech to the US House of Representatives that the Fed will not rush to cut interest rates. Minneapolis Fed President Neel Kashkari signaled that the strong economic data since the beginning of the year would prompt the Fed to cut interest rates at most twice this […]
Today’s Important Developments 06.03.2024
Factory orders in the US decreased by 3.6 percent in January, more than market expectations. In the USA, the Institute for Supply Management (ISM) service sector Purchasing Managers’ Index (PMI) decreased by 0.8 points on a monthly basis to 52.6 in February, falling below market expectations. The U.S. dollar was steady on Wednesday as Federal […]
Today’s Important Developments 05.03.2024
Atlanta Fed President Raphael Bostic said that the Fed expects to pause interest rate cuts at the next meeting after only one interest rate cut in the third quarter. Gold remained flat after reaching a near-record level on interest rate cut speculation. It remained stable in Asia after rising to near record highs in the […]
Today’s Important Developments 04.03.2024
Bitcoin retested above the $64,000 level early this morning. Saudi Arabia, Russia and some OPEC+ producers extended voluntary crude oil supply cuts until the end of June. Oil remained steady near this year’s highest level after OPEC+ extended production cuts and progress toward a ceasefire in Gaza stalled. Russian Deputy Prime Minister Aleksandr Novak announced […]
