Tokenized Gold Market Cap Passes $1B as Investors Seek Safe-haven Asset
The rise in gold prices has been attributed to mounting speculation about the United States Federal Reserve’s future policy following the release of jobs data.
This category covers crypto market news today, including crypto index trends, major exchange data, capital flows, sentiment shifts, regulation impact and crypto’s interaction with traditional finance. Designed to help you understand the forces driving valuation across tokens, sectors and regions.
The rise in gold prices has been attributed to mounting speculation about the United States Federal Reserve’s future policy following the release of jobs data.
The jobs market finally shows some signs of cooling down with Fed’s consistent efforts of raising interest rates to tame inflation.
Amidst its woes Marathon Digital secured a loan from the now defunct Silvergate Bank, a deficit it said it has been able to completely offset.
Reducing oil production means there will be a relative shortage in the supply of the product.
When Virgin Orbit went public, its valuation was pegged at around $4 billion, however, the tides have shifted over the past few months with the company’s market capitalization now pegged at around $65.38 million.
According to the company, it has plans to produce a total of 1.8 million vehicles with the total delivery expectations pegged around that figure.
US government agencies have been actively encouraging similar ideas associated with financial literacy since 2003 when April was formally appointed the National Financial Capability Month.
The OpenEden TBILL tokens are Ethereum-based ERC-20 standards that are transferable between different blockchain wallets.
A new deal sees the WWE and UFC merge under the same umbrella for all-round combat sports offerings subject to regulatory approval.
As the growing liquidity strain in the price of Bitcoin is a major concern, American banks are likely to start exploring new avenues to rebuild that part of the industry.
The 422,875 deliveries Tesla made for Q1 2023 surpassed the company’s previous record of 405,278 in Q4 2022.
Tesla CEO Elon Musk appears set to visit China amid an increasingly frosty relationship between Beijing and Washington.
Following two years of crackdowns and sanctions, China appears ready to unlock private sector potential via tech IPO developments.
Huawei has also stepped into booming China’s EV industry by launching vehicles in partnership with Seres.
Besides the complaint filed by the Center for AI and Digital Policy that may stir the probe of OpenAI, there is a number of other targeted efforts to stifle the development of AI systems across the board.