Cryptocurrency wallet platform Klever will allow users to stake Bitcoin (BTC), Ether (ETH), Tron (TRX) and other cryptocurrencies in Cred’s staking programs from within the wallet. Cred is a cryptocurrency staking and lending platform that allows users from across 190 countries to lend their cryptocurrency funds in return for monthly rewards in stablecoins, cryptos and
Month: August 2020
Records continue to be broken European stocks have slipped to end the month but the overall picture in August has been remarkably strong. Generally, August is a soft month for equities but not this year as asset prices everywhere have surged. The MSCI World Index of developed markets is up 6.6% this year in the
KOLKATA: Indian exporters of non-basmati rice have seen a surge in orders after the price of the grain increased in Vietnam and Thailand. Indian rice is now cheaper than the Southeast Asian varieties by almost $100 per tonne. “Export demand for non-basmati rice remains robust due to price rise in Vietnam and Thailand. Their rice
Yen is trading with an undertone today despite mixed risk markets. Treasury yield is a factor weighing on Yen again, with US 10-year yield staying firm around 0.73 handle. Germany 10-year is also back above -0.4% handle. US stocks open slightly lower, following mild weakness in Europe, but that’s just a mild retreat. Euro and
The Federal Reserve will not raise interest rates just because the unemployment rate is falling, the central bank’s vice chairman, Richard Clarida, said Monday. In a wide-ranging speech that addressed a major policy shift in Fed thinking, Clarida also said he and his fellow officials do not see negative interest rates as a viable option
The spike witnessed in wages in the US reflects job losses among low-wage workers rather than a labour market recovery, San Francisco Federal Reserve President Mary Daly argued in a recently-published research paper. Additional takeaways “Wage growth readings give false signals on the labour market.” “Severe disruptions in the labour market remain.” “Evaluating the labour market
A blockchain phone is not something many would have thought of even a few years ago. Even around three years ago when the remarkable cryptocurrency bull run had just started off, it was still looked upon as a novelty, and not many had a lot of ideas about what it could eventually become. At the
A couple of releases to move things along but it is a UK holiday The yen is mildly weaker with Japanese stocks rebounding to start the week, following the declines seen last week in the wake of Abe’s resignation. US futures are also seen trading higher to start the week with E-minis up ~0.5%, keeping
NEW DELHI: Gold and silver prices advanced on Monday as spike in Covid-19 cases in India threatens to derail the economic recovery. India is also scheduled to report its GDP print later in the day, which is expected to be the worst in decades. Global coronavirus cases surged past 25 million on Sunday as India
We expect RBA would leave the monetary policy unchanged in September. Since March, RBA has been adopting a number of measures to lower the borrowing costs and provide liquidity to the market. These include keeping the cash rate at record low of 0.25%, targeting 3- year government bond yield at 0.25%, a Term Funding Facility
Chinese and U.S. flags flutter near The Bund, before U.S. trade delegation meet their Chinese counterparts for talks in Shanghai, China July 30, 2019. Aly Song | Reuters Today the world’s leading chief financial officers have a more positive outlook for China’s economy than they do for the economy of the United States. The Q3
Fitch Ratings is out with its review on the Japanese economy, in light of Prime Minister (PM) Shinzo Abe’s resignation last Friday. Key findings “Abe resignation brings Japan’s policy settings into focus.” “Policy settings will likely remain stable in wake of resignation of Japan’s long-serving prime minister, Shinzo Abe.” “Abe’s resignation brings forward policy uncertainty
The Ethereum Classic (ETC) network was hit by another 51% attack on August 29, causing the reorganization of more than 7,000 blocks just weeks after proposing security upgrades. In a tweet, Ethereum Classic confirmed the attack and promised it is working on potential solutions to the problem. “While ETC is still making progress in evaluating
The Oracle of Omaha turns 90 today Warren Buffet celebrates his 90th birthday today as the world’s sixth-richest man. At $82.1 billion, he’s done well for himself. Around the age of 10, he read a book about how to make $1,000 and intuitively grasped the importance of time. In five years, $1,000 earning 10% would
NEW YORK: Refiners have always produced fuel using crude oil. Now some are using grease. A slump in demand for gasoline since the onset of the coronavirus pandemic has several refining companies accelerating their plans to retrofit facilities to produce so-called renewable diesel made from, among other things, used cooking oil from fast-food restaurants. The
Dollar tumbled sharply, and broadly last week as markets perceive Fed’s adoption of average inflation targeting as a dovish move. Nevertheless, selloff were mainly against commodity currencies and, to a lesser extent, Sterling. The greenback ended in range against Euro, Swiss Franc and Gold. Even Gold just gyrated inside recently established range. Yen had every
Getty Images Now that Federal Reserve officials have sent a clear message on their desire for higher inflation, the tough part is convincing the world that they can pull it off. For the past decade, the Fed has struggled to get inflation up to the 2% target it sees as consistent with a growing economy
Here is what you need to know on Monday, August 31: The dollar plunged on Friday in the aftermaths of the US Powell’s announcement last week. The Federal Reserve shifted the monetary policy, putting more emphasis on employment and saying it could let inflation run beyond the 2.0% target. Japanese PM Shinzo Abe resigned over
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