The People’s Bank of China Sets Onshore Yuan Reference Rate Understanding USD/CNY and USD/CNH The People’s Bank of China has set the onshore yuan (CNY) reference rate for the trading session ahead. USD/CNY is the onshore yuan, which is permitted to trade within a range of plus or minus 2% from this daily reference rate….
House passes FIT21 crypto bill with majority bipartisan support On May 22, the US House of Representatives made a significant move in the world of cryptocurrency by passing the Financial Innovation and Technology for the 21st Century Act (FIT21). This bill, which aims to regulate and advance the use of cryptocurrencies and blockchain technology, received…
The Israeli military approves return to former West Bank settlements Revisiting the past The Israeli military has approved permission for Israelis to return to three former West Bank settlements they had been banned from entering since an evacuation ordered in 2005, the defence ministry said on Wednesday. This decision marks a significant shift in the…
UK Prime Minister Rishi Sunak Sets General Election Date for July 4 The Announcement On Wednesday, UK Prime Minister Rishi Sunak set a general election date for July 4, finally putting an end to months of speculation and uncertainty. This decision comes amidst a backdrop of political turmoil and unrest, with doom-laden forecasts predicting a…
Goldman Sachs CEO David Solomon’s Predictions on Fed Cuts and Global Economy Overview Recently, Goldman Sachs CEO David Solomon made some bold predictions regarding the Federal Reserve’s monetary policy and the state of the global economy. During a big call, Solomon shared his insights on a range of topics, including inflation, the US economy, the…
Crypto exchanges launch anti-scam coalition in partnership with tech giants Unified effort necessary Coinbase has formed a coalition with industry giants from across the tech sector to combine resources and expertise to tackle the growing issue of online fraud and financial schemes. The “Tech Against Scams” coalition includes industry giants like Match Group, Meta, Kraken,…
Multipool’s Fjord Foundry LBP Unveiled Innovating the Crypto Industry Multipool, a prominent player in the blockchain and cryptocurrency sector, unveiled its Fjord Foundry LBP on May 21st, amassing an impressive $200k within the initial 24 hours. Multipool is revolutionizing the crypto industry with its groundbreaking approach by reshaping the trading landscape for real-world assets (RWAs)…
Exploring the Mysteries of the Sun’s Magnetic Field Unraveling the Secrets of Solar Storms and Auroras Have you ever gazed up at the night sky and marveled at the beauty of the auroras dancing across the darkness? These stunning light displays are not just a random occurrence – they are the result of solar storms…
