GBP/USD slides back closer to weekly lows, hovers around mid-1.3500s

GBP/USD slides back closer to weekly lows, hovers around mid-1.3500s

  GBP/USD witnessed heavy selling on Wednesday and snapped four days of the winning streak. A combination of factors pushed the greenback higher across the board and exerted pressure. Investors look forward to the US ADP report on private-sector employment for a fresh impetus. The GBP/USD pair continued losing ground through the first half of…

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Blockstream’s Liquid Sidechain Criticized Over Long Outage — Block Signing Issue Related to Upgrade

Blockstream’s Liquid Sidechain Criticized Over Long Outage — Block Signing Issue Related to Upgrade

  On Tuesday, cryptocurrency supporters on social media and forums discussed Blockstream’s Liquid sidechain product as block signing had been down for over 20 hours. While Blockstream had noted the sidechain was undergoing a hard fork upgrade planned for October 5, a number of crypto proponents still scorned the project for being hypocritical toward blockchains…

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RBA kept the policy rate unchanged this week – UOB

RBA kept the policy rate unchanged this week – UOB

  Economist at UOB Group Lee Sue Ann assesses the latest RBA event (Tuesday). Key Quotes “As expected, the Reserve Bank of Australia (RBA), at its October meeting, decided to:  maintain the cash rate target at 0.10% and the interest rate on Exchange Settlement balances of 0%; maintain the target of 0.10% for the April…

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China-Taiwan military tensions ‘worst in 40 years’

China-Taiwan military tensions 'worst in 40 years'

Image source, EPA Tensions with China are at their worst in 40 years, Taiwan’s defence minister has said, warning of the risk of an accidental strike between the two. Chiu Kuo-cheng’s comments came after China sent a “record number” of military jets into Taiwan’s air defence zone for four consecutive days. Taiwan considers itself a…

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Interactive Brokers Launches Cryptocurrency Trading for Customers Through Paxos

Interactive Brokers Launches Cryptocurrency Trading for Customers Through Paxos

Interactive Brokers, one of the largest online brokerage firms, has announced today it is offering cryptocurrency trading services in alliance with Paxos. Users of the platform now have a complete suite of cryptocurrency trading options, along with traditional trading offerings like stocks and bonds. The company recognized the importance of digital assets for traders to…

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Report: Nigeria’s Digital Currency to Be Designated ‘Critical National Infrastructure’

Report: Nigeria’s Digital Currency to Be Designated ‘Critical National Infrastructure’

According to a report, the Central Bank of Nigeria (CBN) is planning to have its proposed digital currency designated “critical national infrastructure” in order to protect it from operational and cyber-security risks. In addition, the CBN will also apply regulatory and compliance mechanisms to prevent what it calls “disruptive competition for electronic money.” Cost Versus…

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Singapore to License Digital Payment Providers, Approves Crypto Exchange

Singapore to License Digital Payment Providers, Approves Crypto Exchange

The Monetary Authority of Singapore (MAS) has notified several providers of digital payment services that they will be licensed to operate in the city-state. The move, which comes after the approval of a crypto exchange for a license, secures Singapore’s status as Asia’s crypto hub, industry observers say. Digital Payment Service Providers to Be Authorized…

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Fed’s Bullard sees a more volatile economic “regime” emerging in US due to the pandemic

Fed’s Bullard sees a more volatile economic “regime” emerging in US due to the pandemic

  “Pandemic may have opened new “regime” of higher productivity, higher inflation, and higher volatility,” St. Louis Federal Reserve (Fed) President James Bullard said in a Reuters interview. Additional quotes “Possibility of higher growth for more years to come “bodes well” for the US economy and workers but needs careful fed risk management.” “Wants end…

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SEC chair wants robust crypto regulatory regime for the US

SEC chair wants robust crypto regulatory regime for the US

  Gary Gensler, chairman of the United States Securities and Exchange Commission, is reportedly keen on bright-line regulations for the country’s crypto space. Gensler expressed the SEC’s desire to install safeguards for crypto investors in the U.S. in a Bloomberg interview, stating, “If somebody wants to speculate, that’s their choice, but we have a role…

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