After struggling for direction during the European session and early part of the New York session on Thursday, the U.S. dollar climbed higher, scoring gains against most of its major counterparts. Persisting geopolitical tensions pushed up the demand for the safe-haven dollar. The dollars initial weakness was due to dovish comments from New York Fed...
Canadian stocks kept moving higher and higher on Thursday after a marginally positive start, thanks to investors indulging in some hectic buying across the board, after the government unveiled a mini stimulus package to help cash-strapped households struggling under higher debt payments. The measures announced by the government will cost the Canadian treasury an estimated...
Modestly higher GIFT Nifty futures point to a positive start for the Indian stock market on Friday. Some bargain hunting is likely as well at several counters after the setback in the previous session. However, the undertone is likely to remain cautious following the indictment of Adani Group founder Gautam Adani and a few other...
Stock markets in Europe are expected to rise on Friday tracking the rally in Wall Street and the strong gains in Asian markets. Economic data updates from the region as well as the lingering geopolitical concerns are however seen swaying market sentiment. Wall Street had closed on a positive note on Thursday as markets digested...
Regulators have allegedly used indirect pressure tactics to stifle the crypto industry’s access to financial services, highlighting systemic challenges.Coinbase’s legal battle against Tornado Cash sanctions sets a precedent for protecting innovation in the decentralized technology space. In a recent talk on Anthony Pompliano’s channel, Coinbase’s Chief Legal Officer, Paul Grewal, went in-depth about the combative...
Trump launched 160 new NFT cards on the Bitcoin network and will release 40 more cards soon. The overall NFT market had $8.8 billion in sales during 2024, but 98% of collections saw minimal trading, and most new releases lost value quickly after the launch. Former President Donald Trump has expanded his digital asset portfolio with...
A judge dismissed James Howells’ lawsuit against Newport City Council, preventing him from searching a landfill for his lost Bitcoin hard drive.The court ruled that the case had no chance of success, but Howells plans to take the matter to the Supreme Court. A High Court judge has dismissed James Howells’ attempt to sue Newport...
Oklahoma’s Bitcoin Freedom Act aims to legalize Bitcoin payments for wages and business transactions, enhancing financial autonomy.Senator Deevers’ proposal seeks to protect income from inflation by integrating Bitcoin into daily financial operations in Oklahoma. Oklahoma Senator Dusty Deevers has presented the “Bitcoin Freedom Act” (SB325), a breakthrough piece of legislation that seeks to legitimize Bitcoin...
U.S.-based Bitcoin reserves now exceed international holdings by 65%, driven by rising institutional and retail interest since late 2024.Corporate players like MicroStrategy and smaller firms fuel Bitcoin’s growth, even as prices correct from peaks above $100,000. U.S. entities now dominate Bitcoin adoption, holding a record share of the crypto reserves. Ki Young Ju, CEO of...
The US Senate Banking Committee is set to create the first-ever crypto-focused subcommittee similar to the version created in the House Financial Services Committee in 2023.Senator Cynthia Lummis is set to chair the subcommittee with voting scheduled next Thursday. The new US administration lays its initial foundation to provide clarity for the crypto industry as...