by Jennifer George | August 21, 2024 | Cryptocurrencies, Currencies, News, Trending Now
Another crypto platform has joined the UAE’s sprawling cryptocurrency landscape. FEG (Feed Every Gorilla) has officially launched its interactive SmartDeFi platform in the UAE, marking a significant milestone in the decentralized finance (DeFi) industry. By...
by Jibran Munaf | August 17, 2024 | Breaking, Cryptocurrencies, Currencies, News
In a landmark decision, the Dubai Court of First Instance has recognized the payment of salaries in cryptocurrency under employment contracts, marking a significant shift in the United Arab Emirates (UAE)’s legal approach to digital currencies. The 2024 ruling, case...
by Jennifer George | August 15, 2024 | Breaking, Cryptocurrencies, Currencies
In addition to the SEC’s approval of Spot Bitcoin ETFs in January, and the unveiling of the Central Bank of the UAE’s stablecoin regulations last month, the crypto sector has been bolstered by another significant development. New research by Chainalysis, the...
by Jibran Munaf | August 15, 2024 | Currencies, Economy, Finance, Markets, News
The dollar lost ground against its major peers on Wednesday, helping the euro to an eight-month peak, as the U.S. Consumer Price Index (CPI) showed inflation is subsiding, reinforcing expectations that Federal Reserve interest rate cuts are near. U.S. CPI rose...
by Jibran Munaf | August 14, 2024 | Breaking, Currency Markets Analysis, Economy, Finance, Market Analysis & Commentary, Markets, News, Stocks & Bonds
Stocks rallied across the board, with the Dow, S&P 500, and Nasdaq Composite all posting gains after weak Producer Price Index (PPI) inflation data. The technology sector led the charge as the first of two closely watched inflation reports came in weaker than...
by Jibran Munaf | August 13, 2024 | Currency Markets Analysis, Currency Trading Strategies, Economy, Industry, Market Analysis & Commentary, Markets, Stocks & Bonds
Japanese shares led Asia higher on Tuesday, with the yen on the back foot ahead of a slew of data this week, including U.S. inflation figures, which will help investors gauge the Federal Reserve’s policy outlook after last week’s volatile markets. Oil...
