Expectations of a second round of talks between the USA and Iran have reduced demand for the US dollar as a haven. The week ending 17 April mostly featured continuation of previous movements as American indices made further strong gains and the dollar declined against most major currencies. The current fortnight’s ceasefire between the USA
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The Australian dollar has entered a corrective phase after recently reaching local highs, with the pullback driven by weaker-than-expected macroeconomic releases. The earlier rally in AUD was fuelled by improved global risk appetite and solid demand for commodity-linked currencies. However, softer labour market figures have prompted traders to reassess expectations, leading to a wave of
What Prompted the Latest Government Bitcoin Transfer? The US government has moved approximately $606,000 worth of bitcoin linked to the 2016 Bitfinex hack to Coinbase Prime, according to on-chain data. The transfer involved 8 BTC associated with Ilya Lichtenstein, the individual behind the original exploit. Movements of seized crypto assets to exchange-linked infrastructure are often
Why Is Europe Calling for More Euro-Based Stablecoins? Europe needs to accelerate the development of euro-denominated stablecoins to reduce reliance on U.S.-linked digital payment infrastructure, according to French Finance Minister Roland Lescure. Speaking at a crypto conference in Paris, Lescure said the relatively low volume of euro-pegged stablecoins compared with dollar-based alternatives was “not satisfactory.”
US stocks rose on Friday, extending a recent rally, as investors welcomed fresh signs of de-escalation in the Middle East conflict and improving prospects for a ceasefire. The Dow Jones Industrial Average climbed 686 points, or 1.4%, while the S&P 500 advanced 0.77% and the Nasdaq 100 gained 0.73%. Ceasefire hopes lift sentiment Investor sentiment
Shares of Netflix tumbled on Friday after the streaming giant issued weaker-than-expected guidance for the current quarter, overshadowing a strong first-quarter earnings beat and triggering a sharp selloff in premarket trading. The stock fell about 10.53% to $96.44 after the market opened on Friday, even as broader market sentiment improved on easing geopolitical tensions. The
Shares of Tesla advanced in early trading on Friday, putting the stock on track to end an extended losing streak as investor sentiment improved ahead of earnings and on easing geopolitical concerns. The stock rose 1.6% to $392.00, extending a recent rebound that has seen shares climb about 13% over the past five days. The
Shares of Apple Inc. rose 2% on Friday, supported by strong iPhone shipment data from China that underscored the company’s resilience in a challenging smartphone market. The stock gained, even as broader concerns around slowing demand and rising component costs continued to weigh on the sector. The move comes despite Apple stock remaining down year-to-date.
Shares of Nvidia continued their upward momentum, rising about 1.2% on Friday to move back above the $200 mark, as the chipmaker’s recent rally gathered pace. The stock has gained roughly 10% over the past 30 days, rebounding from lows near $175 and approaching its all-time closing high of $207.04, reached in late October. While
The post Tether Commits $127.5M to Drift Protocol Post Hack: How Will Affected Users Get Paid? appeared first on Coinpedia Fintech News Fifteen days ago, North Korean operatives drained $295 million from Drift Protocol in twelve minutes. Today, Drift published its first credible answer for affected users – and the company backing it is Tether.
