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Gold Is Migrating From West To East
In fact, Asian suppliers are having a difficult time getting enough bullion into Asian markets. As a result, there has been a significant increase in premiums in many Asian countries. September’s average premium in China reached the highest monthly level for nearly six years. New York and London vaults have reported an...
U.S. single-family home starts fall to lowest level
U.S. homebuilding fell more than expected in September and the number of new groundbreakings for single-family homes tumbled to the lowest level in more than two years, according to Census Bureau data out Wednesday that showed the ongoing impact of...
In Times of High Inflation, What Happens to Rents?
Inflation is embedded in the economy. The latest annual Consumer Price Index (CPI) inflation number reported an 8.2 percent annual increase, exceeding expectations. Electricity is up 16 percent. Airfares have spiked 43 percent. Worse? The Producer Price Index is soaring, too. It’s a more forward-looking...
US Dollar Index About To End Its Parabolic Rally
Traders keep a close watch on the performance of the DXY as a slumping index indicates that deep-pocketed investors are moving their capital away from the safety of the US dollar and allocating into risk-on assets like crypto and stocks. Looking at the analyst’s chart, DXY’s parabolic rally started in ...
El Salvador’s citizens believe the country’s Bitcoin strategy has failed
Just a little over one year after El Salvador became the first country in the world to adopt Bitcoin (BTC) as a legal tender, the policy appears to be unpopular among most residents. In particular, research by the University of Central America (UCA) indicates that about 77% of El Salvador’s residents believe the...
Reddit Users Created 3 Million Crypto Wallets
Redditors have created more than 3 million Reddit Vault wallets to buy and trade NFT avatars, which are based on the platform's Snoo character, since the series launched in July. Reddit isn't the first to allow NFTs as profile pictures, but it has been one of the more...
Tether has sold all its commercial paper assets
Tether has sold all of its remaining commercial paper assets. It now prefers to use American Treasury banknotes. According to reports, this disclosure is a result of Tether’s continued attempts to improve transparency. It demonstrates that Tether’s reserve management places investor security at...
CUB Multi-Token Bridge Protocol Update
Users can now seamlessly transfer HIVE & HBD to BSC and utilize it to provide liquidity or trade for other assets on BSC. In this post, we'll explore some of the changes that we made to the MTB Protocol for reliability, security and added yield....
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