Crypto hackers steal $600 million
As a beginner in Forex trading, it is obvious that you will face quite a few challenges. The greatest concern among those is choosing the best currency pairs to trade given the sheer number of forex pairs available. It is difficult to answer the question “What are the best currency pairs to trade?” as it differs from trader to trader. Analyzing different currencies using your trading strategy is the best way to determine which currency to trade.
Asian stocks see support
Dow Jones / Japanese Yen / Gold / Crude Oil
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Gold prices remained steady on Wednesday as worries about the Ukraine crisis push demand for safe-haven assets, and Fed officials calls for sharper interest rate hikes aimed at keeping inflation in check
There has been a lot of talk about the coming web 3 revolution. It is seen as the next age of the decentralized internet and a lot of tech companies are trying to own the future. So, what do we know so far about the web 3 revolution? Here are some notable developments:
The crypto markets were higher this morning, with most of the top 10 cryptos registering gains over the past 24 hours. US President Joe Biden plans to propose a new tax on the wealthiest Americans, with a threshold of 20% on income and rising asset values of households worth more than $100 million.
Interest rates are major market movers when it comes to forex trading. It is often the biggest factor determining the perceived value and direction of that currency. It controls the flow of global capital into and out of the economy, hence, the currency value. Usually, interest rate decision has a direct impact on currency's movements, whether negative or positive. Not only for the short term, but it also affects currency's outlook and rate against rivals.
The Federal Reserve should start raising interest rates next year, a top Fed official said on Monday, arguing that many years of near-zero rates will do little to return economic output to pre-recession levels and risks causing "disaster."
European markets have got off to a strong start to February, after last night’s push back by a number of Federal Reserve officials, who poured cold water on some of the hawkish narratives being put out with respect to the Federal Reserve’s hiking timeline.
Forex trading is an easy-to-enter market as it is highly liquid and needs minimal initial capital. But this doesn’t make it simple. It is a high-risk market that can perplex even the most focused traders. Whether you are new to markets or a veteran of forex trade, you should always be careful and not make avoidable errors that can eat into your profits. Here are some of the most common mistakes that even experienced forex traders make.
Malaysia’s deputy finance minister says that cryptocurrencies, such as bitcoin and ethereum, are not suitable as a means of payment or a store of value. While digital assets are not recognized as legal tender in Malaysia, the finance ministry official said that they are an asset class that can be invested in.
New crypto frontiers
Bank Leumi (LUMI.TA) will become the first Israeli bank to enable cryptocurrency trading, its digital platform Pepper Invest said on Thursday after partnering with U.S. blockchain firm Paxos.
India’s Finance Bill, the legislation that includes proposed rules on crypto taxation, is scheduled to bepassed in parliament Thursday evening.
In global markets, gold was slightly lower at $1,917 per ounce, after touching its lowest since March 1 at $1,906 on Tuesday.
European stocks advanced on Tuesday after reports emerged that Ukrainian President Volodymyr Zelensky was prepared to discuss a commitment from Ukraine not to seek NATO membership in exchange for a ceasefire, the withdrawal of Russian troops and a guarantee of Ukraine's security.
The Boomer coin tag is unlikely to have any impact on investing in Bitcoin 2021. Studies have established that most of the top Bitcoin investors are well-established and successful individuals. The majority of these individuals are not millennials who consider Bitcoin as outdated.
Shares in Alibaba were surging Tuesday after the Chinese e-commerce giant announced it would increase the size of its stock buyback program to $25 billion from $15 billion.