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Tag Archives: News

Coinbase Derivatives Exchange to Roll Out Bitcoin and Ethereum Futures Trading on June 5

Coinbase Derivatives Exchange will start trading BTC and ETH perpetual futures on June 5, 2023, for non-US institutional clients only. Leading American crypto exchange Coinbase has announced its plans to introduce futures contracts for Bitcoin (BTC) and Ether (ETH) in its newly launched derivative marketplace regulated by the Commodity Futures Trading Commission (CFTC). The new venture, Coinbase Derivatives Exchange, officially debuted last month in Bermuda following approval from the...

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New Base Protocol from Coinbase Set to Go Live Later This Year

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up Leading digital currency exchange Coinbase is getting ready to release its new Base protocol in late 2023. Coinbase Says It Will Bring One Billion Users Onboard Base is an Ethereum-focused, layer-2 blockchain. The program has been in a testing phase since February of this year, and those in charge are now...

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Europe Stocks Climb Higher after US Congress Approve Bill to Increase Debt Ceiling

Stocks in Europe and Asia have risen in response to the debt ceiling increase approved by lawmakers in the US. Stocks in Europe opened higher today after the US Senate approved a bill to suspend the government’s debt ceiling. Following a 63-36 vote, US lawmakers agreed to raise the debt ceiling to prevent the country’s first-ever debt default. Congress has now sent the approval to President Joe Biden for assent. As of 9:30 am London time this morning, the STOXX Europe 600 climbed 0.7%...

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Stablecoin Issuer Circle to Launch USDC Natively on Arbitrum Next Week

The launch of USDC on Arbitrum will replace the currently circulating bridged version of USDC that comes from Ethereum. In an announcement on Thursday, June 1, stablecoin issuer Circle announced its plans to launch the native version of its USDC stablecoin on the Arbitrum blockchain network. USDC on Arbitrum As per the official announcement, Circle shall replace the existing version of USD Coin, which is an Ethereum-based token bridged to Arbitrum, with a native token that runs and resides...

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Bitcoin Cash Analysis: Key Breakout Resistance Sits At $118

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up Bitcoin cash is attempting a recovery wave above the $112 resistance against the US Dollar. The price is now trading above the $114 zone and the 55 simple moving average (4 hours). There is a key bearish trend line forming with resistance near $116 on the 4-hour chart of the BCH/USD pair (data feed from...

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Texas Passes New Proof of Reserves Bill for Crypto Exchanges

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up The Texas House of Representatives has passed a bill saying that all crypto exchanges and related platforms must provide proof of reserves. This means that all trading companies must give regular proof that they have enough assets and currency in play to keep themselves afloat and to ensure all customers get...

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Crypto Firm Unchained Capital Has Made a Ton of Money

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up Unchained Capital – a crypto firm based in Austin, Texas – has garnered more than $60 million through a new funding round. Unchained Capital Garners $60 Million The news is positive for many reasons, a big one being that the crypto space appears to be returning to form, and confidence is once again making its...

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Macy’s Shares Drop after Reporting Mixed Q1 2023 Earnings and Lowered Its Full-Year Outlook

Macy’s noted that Nike will return to its stores, starting from October this year. Macy’s Inc (NYSE: M), an American conglomerate holding company that engages in consumer goods, released its first-quarter earnings results on June 01. According to the announcement, Macy’s reported net sales of $4.98 billion during the first three months of the year (Q1 2023), which represented a decline of approximately 7 percent YoY basis. However, analysts surveyed by REFINITIV expected the company to...

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ECB President Says Euro Zone Inflation Still ‘Too High’ as Rate Falls Lower than Expected to 6.1%

Inflation in the Euro zone has fallen to 6.1% as individual countries are also recording reductions. However, Lagarde plans more rate hikes. Euro zone inflation has dropped in May, with a steeper plunge than analysts and observers expected. Flash figures show that headline inflation, which was 7% in April, fell to 6.1% in May. This is the lowest recorded figure since February 2022. According to a Reuters poll, economics had set the May figure at 6.3%. Core inflation, minus food and...

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Apple Likely to Launch Two Mac Products at Upcoming WWDC

Apple is focused on overhauling the Mac line with the new computer as well as attracting more customers, especially now that there is a static stretch in the computer industry. There are suspicions that American multinational technology giant Apple Inc (NASDAQ: AAPL) will be launching two highly anticipated Mac models in the upcoming Worldwide Developers Conference  (WWDC) which will be held next week. These rumors are stemming from the fact that the technology company has begun the...

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