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Author: Sam Allcock
The approach adopted by the U.S. Securities and Exchange Commission (SEC) towards cryptocurrency has been criticised for its inefficacy.SEC Commissioner Mark Uyeda expressed major concerns over the agency’s policies, citing a lack of clear guidance. He acknowledged that the approach has resulted in adverse effects on the entire industry, causing a sentiment of uncertainty.Throughout the past year, the SEC has predominantly relied on a strategy of regulation by enforcement within the cryptocurrency sector. This approach is characterised by legal actions against firms that allegedly fail to meet disclosure and investor protection standards. Mark Uyeda’s recent admissions highlight the detrimental impact…
In a strategic pivot, India has decided to reject the de-dollarization agenda, choosing instead to continue utilising the US dollar for global trade.This development signifies India’s prioritisation of economic stability and a pragmatic approach to international finance amidst the varied stances within the BRICS alliance.India’s Stance Against De-DollarizationBRICS member India has taken a clear stance by rejecting the concept of de-dollarization, favouring a pragmatic approach. This decision stems from India’s strategic choice to continue using the US dollar in situations where it remains a preferred medium of exchange. This approach underscores India’s prioritisation of economic stability over alignment with its…
Navigating the digital age, where on-demand TV access is key, downloading Spectrum DVR recordings requires some know-how.Understanding the steps to download these recordings ensures you never miss a show, retaining access to your favourite content with ease.Understanding Spectrum DVRSpectrum’s Digital Video Recorder (DVR) is an essential tool for modern viewers, providing the ability to record and store favourite TV shows for future viewing. This system not only allows users to record specific programmes, but also enables pausing, rewinding, and fast-forwarding through live broadcasts. The device is equipped with an internal hard drive capable of storing hundreds of hours of content,…
Fenwick has reopened its newly expanded beauty hall at its Newcastle flagship, positioning it as a premier destination for beauty enthusiasts.The revamped space covers 26,000 square feet, featuring two enlarged atriums and expansive facade windows facing Northumberland Street.The renovation introduces a 50-foot fragrance bar and over 1,600 square feet of terrazzo flooring, enhancing the shopping experience.Fenwick now offers products from 163 brands, including Chantecaille, Charlotte Tilbury, and Guerlain’s L’Art Matier, aligning with the global beauty market.This transformation marks Fenwick’s commitment to evolving customer experiences, with enhancements across all their beauty halls nationwide.Fenwick’s Newcastle flagship has undergone a significant transformation, unveiling…
The cryptocurrency market continues to captivate as Binance Coin (BNB) and Cardano (ADA) vie for supremacy. Each brings distinct advantages, yet faces unique hurdles in this volatile landscape.These digital assets promise substantial growth, attracting both investors and tech enthusiasts. However, navigating their complexities requires understanding the ever-present risks inherent in this dynamic market.Cardano is enhancing its technology with the Mithril protocol, aiming to boost network speed and efficiency. While ADA’s price remains volatile, recent trading activity has slowed. Technical enhancements could lead to price surges, though market conditions remain uncertain.Long-term forecasts by Telegaon suggest that Cardano could reach an average…
Bitcoin’s attempt to surpass the 200-day moving average met with failure, escalating fears of a significant price decline. This pivotal moment highlights the cryptocurrency market’s inherent volatility.After reaching a peak of $66,000, Bitcoin has encountered substantial resistance, leading market analysts to speculate on its next move. The risk of a price crash to $52,000 is looming, prompting urgent discussions among traders and investors.Understanding the Technical IndicatorsBitcoin’s inability to breach the MA-200 resistance marked the start of a downward channel. Current support levels are observed at $60,000, $59,250, and $57,700, while resistance continues at $62,745 and $64,955. Market analyst RLinda observed…
In a crucial development, the latest US Consumer Price Index indicates that inflation has dropped to 2.4% as of September 2024.This decrease marks a notable stride towards aligning with the Federal Reserve’s ambitious target, reflecting effective monetary strategies.The United States has been striving to prevent a hard economic landing, with inflation presenting significant challenges over recent years. The Federal Reserve’s rigorous rate hike campaign, initiated in 2022, involved 11 increases by 2023. Now, signs of success are emerging.In September 2024, US inflation fell to 2.4%, slightly above the anticipated 2.3% but still a positive indication of progress. This suggests that…
Shiba Inu, often highlighted in the cryptocurrency realm, might not immediately strike investors as the game-changer it claims to be.However, recent predictions suggest a significant surge might be imminent, raising curiosity about potential returns on modest investments.Presently, Shiba Inu is priced at $0.00001707, reflecting a slight decrease by 3% within a day. Despite this volatility, the meme coin has displayed resilience, appreciating nearly 30% over the past month.Community sentiment remains notably optimistic. In a recent survey on CoinMarketCap, 86% of the 23,938 voters expressed confidence in SHIB’s upward potential, with only 14% holding a bearish outlook.Amidst sideways trading patterns, scepticism…
Standard Chartered, a renowned financial institution, has recently published a report forecasting substantial growth for Solana (SOL), a major cryptocurrency. Should Donald Trump secure his return to the United States presidency, Solana could experience a 400% surge, outperforming other prominent cryptocurrencies.Donald Trump’s prior support for the cryptocurrency industry cannot be understated. His approval of crypto donations for campaign financing exemplifies this. Analysts at Standard Chartered project that his pro-business stance could foster favourable regulations if he is re-elected, potentially energising a market-wide rally.The anticipation of Trump’s return has already affected market sentiment, especially for alternate assets like SOL. Pro-crypto regulations…
The Prosper (PROS) token experienced a meteoric 50% rise, driven by Animoca Brands’ acquisition announcement. This surge underscores the power of strategic investments within the blockchain ecosystem.Investors are astutely observing these developments, recognising the significant opportunities that lie in PROS’s innovative value propositions and its potential to reshape market perceptions.Understanding the Surge in PROSIn a sudden turn of events, Prosper’s native token, PROS, experienced a significant surge, climbing by 50.43% within a mere 24 hours. This dramatic rise was catalysed by Animoca Brands revealing their intent to acquire additional PROS tokens, reinforcing investor confidence in the asset. Such market dynamics…