The US PPI inflation data released by the Bureau of Labor Statistics on Friday showed that wholesale inflation experienced a surge in February. The PPI index, which gauges the price at which raw materials are sold on the open market, came in at 0.6% in February, higher than analyst forecast of 0.3%. That also compares to […]

JPMorgan Chase & Co., a well-known American Investment Bank has found itself in hot water as it faces a $348.2 million fine by two US bank authorities. Banking Giant Facing Allegations of Financial Misconduct According to the announcement, the Federal Reserve in collaboration with the Office of the Comptroller of the Currency (OCC), imposed this […]

The Bitcoin nation of El Salvador has been setting up new precedence by moving a large part of its Bitcoin holdings to cold wallets and keeping them in physical vaults within the country’s own territory. El Salvador Secures Bitcoin Holdings In a significant development, President Nayib Bukele of El Salvador reveals the decision to transfer […]

Amid the global dash for AI supremacy witnessed recently, an intriguing investment venture orbiting the world’s most prominent generative AI services offering company, OpenAI, appears to be garnering noteworthy interest among industry prominencies globally. According to a report, MGX, Abu Dhabi’s state-backed investment firm, recently went into the initial stages of discussions with OpenAI, eyeing […]

SOL, the native token of the layer 1 ecosystem Solana is riding a steady rally defying current market correction as Bitcoin plunged below $70K. This sell-off has notably affected the altcoin market but the Solana price shows its sustainability above the $165 mark. This strong resilience hints this coin may witness an intense buying momentum […]

MicroStrategy, a Virginia-based software company, has outstripped Amazon in trading volume. Bloomberg’s senior spot Bitcoin ETF analyst, Eric Balchunas, highlighted this milestone. He noted that MicroStrategy’s trading volume reached a staggering $8 billion. This achievement is notable as it surpasses Amazon for the first time in the company’s history. The surge aligns with the increasing […]

Markus Thielen, chief executive officer of 10x Research, on Saturday predicted Bitcoin price risks dropping to $63,000 amid new cautious outlook. He also said meme coins mania has now ended and investors must look to book profits. He is one of the first few analysts who accurately predicted a BTC price retracement to $38,000 post-spot […]

The Federal Government of Nigeria, under President Tinubu‘s administration, has sought an extension of the detention of two Binance officials. The Economic and Financial Crimes Commission (EFCC) went to the magistrate’s court in Abuja seeking a new order to extend the detention of the US citizen Tigran Gambaryan and the British Kenyan Nadeem Anjarwalla. This […]

Amid the recent correction trend in the crypto market, the XRP price rally witnessed an immediate reversal from the $0.745 mark. Within 5 days, the Altcoin values tumbled 16.5% to reach the current trading price of $0.62. Will the demand pressure at a 50% retracement level, offer buyers an opportunity to counter-attack or further correction […]

The Reddit IPO is a major public market event many Wall Street and finance veterans are looking forward to at the moment. Notably, the latest probe from the United States Federal Trade Commission (FTC) probe into the firm’s AI licensing policy is stirring a buzz in the industry at the moment. Reddit IPO and FTC […]