The Euro is pushing against the top of last month’s trading range, at 0.8460. The Pound loses ground, weighed by weak UK employment data. Above 0.8460, the H&S’s measured target is 0.8540. The Euro is trading higher on Tuesday with the Pound hit by downbeat UK employment figures, and soft wage inflation, which have strengthened … Read more
Societe Generale-FORGE (SG-FORGE), the crypto-asset arm of French banking giant Societe Generale, has announced the launch of a new U.S. dollar-pegged stablecoin, the USD CoinVertible (USDCV), set to operate natively on both the Ethereum and Solana public blockchains. The launch marks SG-FORGE’s second stablecoin initiative, following the EUR CoinVertible (EURCV) release in April 2023. Like … Read more
The Pound Sterling plummets against its major peers after the release of the weak UK labor market data for the three months ending April. UK ILO Unemployment Rate accelerated to 4.6%, the highest level seen since July 2021. Investors seek Sino-US trade meeting minutes for fresh cues on the US Dollar’s outlook. The Pound Sterling … Read more
Mutuum Finance (MUTM) has quickly emerged as one of the best cryptos to buy now, with investor sentiment heating up in early June, drawing serious attention for its explosive upside potential. Priced at just $0.03, this new cryptocurrency, Mutuum Finance, has captured market buzz with a DeFi-focused roadmap, low market prices and strong community momentum. … Read more
Soneium, Sony’s entertainment-focused Layer 2 platform, has announced the launch of “Soneium For All,” a new developer program aimed at supporting blockchain developers in the Consumer and Gaming sectors. Building on its existing momentum of over 100 live decentralized applications (dApps), 7 million wallets, and up to 1.5 million transactions per day, the program addresses … Read more
Bitcoin exchange-traded funds (ETFs) experienced a robust inflow of $386 million, coinciding with BTC’s breakout above the $105,000 resistance and closing near $110,263. Positive funding rates and increased demand for BTC call options underscore a bullish sentiment across both spot and derivatives markets. Fidelity’s FBTC fund emerged as the leading ETF inflow driver, reflecting renewed … Read more
Saylor dismissed quantum computers as a long-term and not an immediate risk He claimed the Bitcoin network will be upgraded to a quantum-resistant protocol if the risk becomes imminent Most experts have decried the grave risk of superfast quantum computers to Bitcoin’s [BTC] underlying security. However, Strategy’s (formerly MicroStrategy) founder, Michael Saylor, has dismissed these … Read more
Ripple Labs is set to commit an additional $5 million to help fund academic research and foster blockchain talent in the Asia-Pacific region. In a blog post on Tuesday, Ripple Labs said it will be committing the additional funding via its University Blockchain Research Initiative (UBRI), which will fund universities across six countries, with new … Read more
Société Générale-Forge, the crypto subsidiary of French financial services company Société Générale, has launched a new US dollar-pegged stablecoin. According to a June 10 announcement, the stablecoin, dubbed USD CoinVertible (USDCV), will be issued on the Ethereum and Solana blockchains. United Kingdom-based financial services firm BNY will act as the custodian for the assets backing … Read more
The Smarter Web Company, a publicly traded technology enterprise on the London AQUIS exchange (ticker: SWC), has strategically expanded its cryptocurrency holdings by acquiring an additional 45.32 Bitcoins. This acquisition, valued at £3.509 million, was executed at an average price near £77,400 per Bitcoin, equivalent to roughly $105,000. This move aligns with the company’s long-term … Read more