InvestaFeed.com | Page 248 | Digital Currency, Stock Market, and Investment News from your Reliable Sources Channel

Oil Price Forecast: WTI Faces Technical Hurdles as OPEC+ Rumors Swirl

Oil prices continue to advance as news filtered through regarding the possibility of additional cuts by OPEC+ at tomorrow's meeting. News remains murky but market participants are running with it. Can an OPEC+ cut push WTI back above the $80 mark?

Forex

29 Nov 2023

‘A Politician Masquerading as a Regulator’ – 3 Takeaways From Fortune’s Gary Gensler Profile

An in-depth magazine story about the SEC chair reveals the breadth of the man’s ambition and the limitations of his record.

Cryptocurrency

29 Nov 2023

The Protocol: It’s Crypto Spring, as Smart Contract Platform Index Jumps Most in 10 Months

Digital-asset markets are heating up, especially for blockchain tokens. In this week's Protocol issue, we highlight November's 19% jump in the CoinDesk Smart Contract Platforms Index (SMT), the biggest gain in 10 months.

Cryptocurrency

29 Nov 2023

Former British Chancellor’s crypto firm Copper launches tokenized securities platform

Copper plans to use its arm in the United Arab Emirates, Copper Securities, to capitalize on the demand of institutional investors.

Cryptocurrency

29 Nov 2023

NFT sales and pricing driven by luck, scarcity and optimism, according to studies

Several new research studies indicate that personal experiences may be the NFT market’s primary mover.

Cryptocurrency

29 Nov 2023

Price analysis 11/29: BTC, ETH, BNB, XRP, SOL, ADA, DOGE, TON, LINK, AVAX

Bitcoin is struggling to sustain above $38,000, but the bulls have not given up much ground, which some analysts say increases the chance of a rally to $40,000.

Cryptocurrency

29 Nov 2023

Binance Will Cease Support for Its BUSD Stablecoin on Dec. 15

Binance said it will end support for its BUSD stablecoin on Dec. 15, following the exchange's August announcement that it would “gradually” do so after Paxos, the company that actually issued it, was ordered to stop minting the coin in February.

Cryptocurrency

29 Nov 2023

Bitcoin price fails $38.5K breakout as US GDP fuels Fed hard-landing woes

BTC price encounters classic resistance as sellers refuse to let Bitcoin crack through its November ceiling.

Cryptocurrency

29 Nov 2023

BIS advises central banks to plan in advance for CBDC security

From legal issues to hackers, launching a CBDC is fraught with risks, and BIS has a big list of them to consider.

Cryptocurrency

29 Nov 2023

IOTA Jumps 43% After Registering Ecosystem Foundation in Abu Dhabi

Native token of the Iota ecosystem [IOTA] jumped 35% Wednesday on news about registering a development foundation in Abu Dhabi.

Cryptocurrency

29 Nov 2023

Paxos receives in-principle approval to issue stablecoins in Abu Dhabi

The approval followed a similar move by regulators in Singapore, where Paxos said its local entity would launch a U.S. dollar-backed stablecoin.

Cryptocurrency

29 Nov 2023

Crypto Stories: Charlie Shrem tells how he became a Bitcoin millionaire

Shrem made a fortune off his Bitcoin payment service, BitInstant, but then went to prison for alleged money laundering.

Cryptocurrency

29 Nov 2023

Jack Dorsey Aims to Create Anti-Censorship Bitcoin Mining Pool With New Startup

The startup said it created "only non-custodial" mining pool where miners get the new bitcoin block reward for mining directly from the network.

Cryptocurrency

29 Nov 2023

US Dollar on Bearish Path – Technical Setups on USD/JPY, USD/CAD, AUD/USD

This article examines the technical outlook for USD/JPY, USD/CAD and AUD/USD, analyzing critical price levels that could act as support or resistance in the upcoming trading sessions.

Forex

29 Nov 2023

: Cigna and Humana in talks on combining in what would be a mega deal: WSJ

Managed-care providers Cigna Group CI and Humana Inc. HUM are in talks to combine in a cash-and-stock deal that could be finalized before year-end, the Wall Street Journal reported Wednesday, citing people familiar with the matter. Cigna’s market value...

News

29 Nov 2023

Digital Finance Firm SoFi Hands Its Crypto Business to Blockchain.com

Blockchain.com President Lane Kassleman said in an interview that his firm’s SoFi partnership equates to hundreds of thousands of users and hundreds of millions of dollars.

Cryptocurrency

29 Nov 2023

Bitcoin Buyer Quietly Accumulates $424M of BTC in 3 Weeks

An unknown entity has bought 11,268 bitcoin [BTC] worth $424 million since November 10 in what appears to be a time-weight average price (TWAP) accumulation strategy.

Cryptocurrency

29 Nov 2023

2024 Will Be the Year Tokenization Truly (Finally) Begins

After several years of being the next-big-thing, next year will be when tokenization of real-world assets really takes off, says Colin Butler, Global Head of Institutional Capital at Polygon Companies.

Cryptocurrency

29 Nov 2023

Liquid Staking Tokens Are a Hot Ticket for 2024

The staking market was the brightest spot in DeFi this year. The arrival of liquid staking token finance is set to turbocharge activity next year.

Cryptocurrency

29 Nov 2023

Fed Governors Send Mixed Messages, GDP and PCE data Next

Forex

29 Nov 2023

Stablecoins Such as Tether May Be in U.S. Sights, Top U.S. Treasury Official Warns

Wally Adeyemo, deputy secretary of the Treasury, said issuers outside the U.S. need to be forced to prevent abuse by terrorists.

Cryptocurrency

29 Nov 2023

US Treasury sanctions crypto mixer Sinbad, alleging North Korea ties

The government department has previously imposed sanctions on crypto mixers Blender and Tornado Cash despite many in the space pushing back on actions against software tools.

Cryptocurrency

29 Nov 2023

SoFi Technologies to cease crypto services by Dec. 19

“You can agree to have your account migrated to Blockchain.com or close your account instead,” the company wrote.

Cryptocurrency

29 Nov 2023

Terra’s USTC Gains 300% as Bitcoin-Focused Comeback Plan, Binance Perpetuals Listing Fuel Speculative Frenzy

TerraClassicUSD (USTC), the remnant stablecoin of the failed Terra blockchain, gained 300% in a week as plans of a bitcoin-backed revamp plan and a Binance perpetual contract listing unleashed a speculative frenzy.

Cryptocurrency

29 Nov 2023

Why JSON-LD matters for Web3

Web3 is confusing because it’s still in its formative stages. Nobody quite knows which inventions will shape it next.

Cryptocurrency

29 Nov 2023

Hull City Sponsor Tomya Crypto Exchange Embroiled in Turkey Fraud Scandal

The owner of Tomya was among 25 people detained in Turkey as the country prepares new crypto legislation.

Cryptocurrency

29 Nov 2023

: Birkenstock’s stock rises above IPO issue price for the first time

Birkenstock Holdings PLC’s stock BIRK reached its initial public offering issue price for the first time on Wednesday, about a month and a half after hitting markets. The stock has traded in a range of $45.15 to $46.24 so far in the session. surpassing...

News

29 Nov 2023

Crypto Mixer Sanctioned by U.S. Treasury for North Korea Allegations, as FBI, Dutch and Finnish Police Seize Website

The U.S. Treasury Department's Office of Foreign Asset Control listed two crypto addresses tied to Sinbad, a mixing service, in its latest sanctions list.

Cryptocurrency

29 Nov 2023

: EIA reports weekly gains in U.S. crude and product supplies

The Energy Information Administration on Wednesday reported that U.S. commercial crude inventories rose by 1.6 million barrels for the week ending Nov. 24. On average, analysts polled by S&P Global Commodity Insights expected the report to show a decli...

News

29 Nov 2023

: JPMorgan’s Jamie Dimon sees lower odds of a soft landing than others

JPMorgan Chase & Co. JPM Chief Executive Jamie Dimon said Wednesday he’s less certain than others that the U.S. economy may avoid a recession, according to the New York Times live blog of his appearance at the 2023 DealBook Summit. Dimon said he’s givi...

News

29 Nov 2023