Bitcoin ends day on the ropes after China clamps down on mining, tradingNEW YORK/LONDON (Reuters) -Bitcoin extended losses on Friday afternoon, falling more than 11% after China doubled down on efforts to prevent speculative and financial risks by cracking down on mining and trading of the largest cryptocurrency.China’s Financial Stability and…[Read more]

NFT enthusiasts hold firm despite crypto price plungeLONDON (Reuters) -This week’s cryptocurrency price plunge eroded the dollar-based value of NFTs and raised the cost of buying and selling them, in what could be a setback for the burgeoning digital asset market. But NFT collectors are not bailing out.

Non-fungible tokens – a way of trading…[Read more]

Aussie slips despite solid Retail SalesIt’s been an up-and-down week for the Australian dollar. AUD/USD is in negative territory on Friday, surrendering most of the gains made on Thursday. In the European session, AUD/USD is trading at 0.7756, down 0.25% on the day. Australian Retail Sales beats forecast Retail Sales for March showed a gain of 1…[Read more]

Dollar Down as Investors Bet on U.S. Interest Rates Staying Lower for LongerInvesting.com – The dollar was down on Tuesday morning in Asia, hitting a six-year low against its Canadian counterpart and hovering close to multi-month lows against European currencies, as investors ramped up bets that the U.S. Federal Reserve would not hike interest r…[Read more]

Gold Up, Reaches Three-and-a-Half Month High Over Weaker Dollar, Inflation WorriesInvesting.com – Gold was up on Tuesday morning in Asia as the dollar weakened. Investors also remain concerned about potential interest rate hikes to curb rising inflation.

Gold futures inched up 0.02% to $1,868.05 by 10:59 PM ET (2:59 AM GMT), its highest level s…[Read more]

Dollar inches lower as Treasury yields hold firmNEW YORK (Reuters) – The dollar edged lower on Monday as inflation jitters, exacerbated by record high prices paid in a regional U.S. manufacturing survey, benefited riskier currencies at the greenback’s expense.

But the U.S. 10-year Treasury yield was little changed as market participants sought…[Read more]

Asia Petrochemicals: Key market indicators this weekThe Asian petrochemicals market is expected to remain mixed in the week ending May 22, with attention focused on the surging COVID-19 cases in India, which has already hampered petrochemical demand in the country. Some port deflections from Mumbai were heard, as the country braces for a cyclone.…[Read more]

EURUSD Price In a Fight at Significant ResistanceEURUSD Price Analysis – May 17 When the Bulls push up the currency above the resistance level of $1.21, the price level of $1.25 and$1.27 may be tested. Inability to break up the resistance level of $1.21 by the bulls, the price may experience a bearish reversal movement towards the support levels a…[Read more]

Pound Euro (GBP/EUR) Exchange Rate Steady as UK Eases Lockdown RestrictionsPound Euro (GBP/EUR) Exchange Rate Steady as UK Eases Lockdown Restrictions

GBP/EUR Exchange Rate Rangebound Despite Growing Confidence in UK Economy The Pound Euro exchange rate rose today as the UK further eases lockdown restrictions, allowing pubs and restaurants as…[Read more]

Hungary Takes Pole Position for EU’s First Rate Hike of 2021(Bloomberg) — Hungary moved into pole position to implement the European Union’s first interest-rate hike since the pandemic as soaring inflation prompts policy makers to act in the bloc’s east.

The nearby Czech Republic had been the EU’s most likely first mover until Hungarian central…[Read more]

Cardano (ADA) Makes Its Real Estate Debut in MaltaCardano (ADA) enters the real estate field.
Dreamflats Ltd will soon accept ADA from renters for an upcoming apartment complex in Malta.
The apartments will be available for renting once it reaches completion in early 2022.
Cardano adoption is making its debut in the real estate industry. Home…[Read more]

Market Continues To Fall as China Mulls Banning BTC MiningChina’s Financial Committee announces a crackdown on Bitcoin mining activities.
The market continues to fall down as Bitcoin reacts negatively to this news.
It is the first time the highest level of Chinese government addresses a stop on trading BTC.
In a meeting held this Friday, China d…[Read more]

Orion Protocol Opens Industry-First Terminal Integration With Binance BridgeOrion Protocol, a decentralized liquidity aggregator, recently announced that it has become the exchange’s first partner to open full terminal integration with Binance Bridge.The partnership entails Orion Protocol’s launch of the Orion Bridge, it’s interoperability frame…[Read more]

Ethereum Tumbles 20% In RoutInvesting.com – Ethereum was trading at $2,202.01 by 17:09 (21:09 GMT) on the Investing.com Index on Friday, down 20.19% on the day. It was the largest one-day percentage loss since May 21.

The move downwards pushed Ethereum’s market cap down to $260.86B, or 17.28% of the total cryptocurrency market cap. At its…[Read more]

Litecoin Tumbles 20% In Bearish TradeInvesting.com – Litecoin was trading at $168.290 by 16:18 (20:18 GMT) on the Investing.com Index on Friday, down 20.10% on the day. It was the largest one-day percentage loss since May 21.

The move downwards pushed Litecoin’s market cap down to $11.452B, or 0.75% of the total cryptocurrency market cap. At its…[Read more]

XRP Tumbles 20% In RoutInvesting.com – XRP was trading at $0.94713 by 16:16 (20:16 GMT) on the Investing.com Index on Friday, down 20.20% on the day. It was the largest one-day percentage loss since May 19.

The move downwards pushed XRP’s market cap down to $44.95180B, or 2.93% of the total cryptocurrency market cap. At its highest, XRP’s market…[Read more]

Cardano Tumbles 20% In SelloffInvesting.com – Cardano was trading at $1.452340 by 16:10 (20:10 GMT) on the Investing.com Index on Friday, down 20.06% on the day. It was the largest one-day percentage loss since May 19.

The move downwards pushed Cardano’s market cap down to $47.575421B, or 3.08% of the total cryptocurrency market cap. At its…[Read more]

Orion Partners With BSC to Improve Cross-Chain InteroperabilityOrion protocol is the first to emerge BSC into its trading terminal.
It is currently built on Ethereum and Binance Smart Chain.
Under the process to integrate Cardano, Polkadot, Fantom, and more.
Orion Protocol collaborates with Binance Smart Chain (BSC) to improve cross-chain…[Read more]

Ripple Co-Founder Jed McCaled Cashed Out 265 Million XRP So Far This MonthJed McCaleb, one of the co-founders of fintech firm Ripple, has sold an estimated 265 million XRP so far this month, and still has around 389 million XRP tokens on his ‘~tacostand’ account, according to XRPScan. McCaleb is said to have started working on Ripple back in 201…[Read more]

Algorand Introduces Algomint: Digital Asset Minting Platform For DeFiAlgorand has disclosed details of an ongoing platform project called Algomint, a digital asset minting platform built on the Algorand blockchain. The project is scheduled to launch in Q3 this year, bringing wider liquidity options to the network.Algomint’s minting platform was b…[Read more]