May 2024 – Page 21

Hex Trust boosts DeFi on Flare with USDX stablecoin and Clearpool yield vault

Posted by invnet
|Date: Tuesday, 21 May 2024
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Hex Trust boosts DeFi on Flare with USDX stablecoin and Clearpool yield vault

Backed 1:1 by the U.S. dollar, USDX serves as a DeFi primitive on Flare, with reserves primarily held in ...

Backed 1:1 by the U.S. dollar, USDX serves as a DeFi primitive on Flare, with reserves primarily held in 1-3 month Treasury Bills by regulated tier-1 financial institutions.Developed by HT Digital Ass ...

Tuesday, 21 May 2024
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ELFi Protocol secured $5 million in strategic financing and launched on the Arbitrum testnet

Posted by invnet
|Date: Tuesday, 21 May 2024
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ELFi Protocol secured $5 million in strategic financing and launched on the Arbitrum testnet

ELFi Protocol, a decentralized derivatives trading platform, has successfully completed two rounds of str ...

ELFi Protocol, a decentralized derivatives trading platform, has successfully completed two rounds of strategic financing, raising a total of $5 million. The latest round with leading investment from ...

Tuesday, 21 May 2024
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LAKE (LAK3) to Showcase Blockchain and RWA Solutions for Global Water Economy at London Blockchain Conference

Posted by invnet
|Date: Tuesday, 21 May 2024
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LAKE (LAK3) to Showcase Blockchain and RWA Solutions for Global Water Economy at London Blockchain Conference

LAKE (LAK3), a pioneering Web3 ecosystem dedicated to transforming the global water economy through block ...

LAKE (LAK3), a pioneering Web3 ecosystem dedicated to transforming the global water economy through blockchain technology, Real World Assets (RWA) and the LAK3 token, is excited to announce its partic ...

Tuesday, 21 May 2024
| by invnet

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Bitcoin rises to $70,206

Posted by invnet
|Date: Tuesday, 21 May 2024
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Bitcoin rises to $70,206

The world's biggest and best-known cryptocurrency is up 82.3% from the year's low of $38,505 on Jan. 23. ...

The world's biggest and best-known cryptocurrency is up 82.3% from the year's low of $38,505 on Jan. 23. Ether, the coin linked to the ethereum blockchain network, rose 13.3% on Monday to $3500. The a ...

Tuesday, 21 May 2024
| by invnet

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Positioning points to further S&P 500 upside – Citi

Posted by invnet
|Date: Tuesday, 21 May 2024
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Positioning points to further S&P 500 upside – Citi

The S&P 500 and the Nasdaq Composite soared to record highs last week, and Citi sees the potential fo ...

The S&P 500 and the Nasdaq Composite soared to record highs last week, and Citi sees the potential for further gains based on new risk flows, the bank said in a note dated May 20.“Bullish position ...

Tuesday, 21 May 2024
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Yellen urges German banks to boost compliance with US sanctions on Russia

Posted by invnet
|Date: Tuesday, 21 May 2024
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Yellen urges German banks to boost compliance with US sanctions on Russia

FRANKFURT (Reuters) -U.S. Treasury Secretary Janet Yellen urged German bank executives on Tuesday to step ...

FRANKFURT (Reuters) -U.S. Treasury Secretary Janet Yellen urged German bank executives on Tuesday to step up efforts to comply with sanctions against Russia and shut down efforts to circumvent them to ...

Tuesday, 21 May 2024
| by invnet

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New Thai finance minister has chance to improve strained central bank ties, says ex-Finance Minister

Posted by invnet
|Date: Tuesday, 21 May 2024
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New Thai finance minister has chance to improve strained central bank ties, says ex-Finance Minister

By Anisha Sircar and Divya ChowdhuryBENGALURU (Reuters) - Thailand's new finance minister has refrained f ...

By Anisha Sircar and Divya ChowdhuryBENGALURU (Reuters) - Thailand's new finance minister has refrained from pressuring the central bank and has a chance to improve relations amid a longstanding disag ...

Tuesday, 21 May 2024
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Dollar steady; Fed speakers could provide impetus

Posted by invnet
|Date: Tuesday, 21 May 2024
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Dollar steady; Fed speakers could provide impetus

At 04:30 ET (08:30 GMT), the Dollar Index, which tracks the greenback against a basket of six other curre ...

At 04:30 ET (08:30 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded largely unchanged at 104.475.The dollar is basically steady Tuesday, but has drif ...

Tuesday, 21 May 2024
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Explainer: With inflation falling fast, will the BoE quickly cut rates?

Posted by invnet
|Date: Tuesday, 21 May 2024
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Explainer: With inflation falling fast, will the BoE quickly cut rates?

Much of the drop in headline consumer price inflation - from a peak of 11.1% a year and a half ago - is d ...

Much of the drop in headline consumer price inflation - from a peak of 11.1% a year and a half ago - is due to falling energy prices which are beyond the BoE's control.Its policymakers are more intere ...

Tuesday, 21 May 2024
| by invnet

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Canadian dollar under pressure amid rate cut expectations

Posted by invnet
|Date: Tuesday, 21 May 2024
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Canadian dollar under pressure amid rate cut expectations

The proximity of inflation to the target has been a primary argument supporting the potential rate cut in ...

The proximity of inflation to the target has been a primary argument supporting the potential rate cut in June. However, a surge in job creation in Canada in April has challenged the dovish outlook. T ...

Tuesday, 21 May 2024
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