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Earlier today, Reuters noted that in their much awaited meeting, OPEC+ members had reportedly agreed to a substantial cut in future oil production. As per the report, A preliminary agreement has been reached for an additional cut of more than 1 million barrels per day (bpd), two OPEC+ source said. In the run up to […]

• November 30, 2023 04:59 AM PST
• Invezz

Binance has announced that it will stop supporting its native stablecoin, BUSD, on December 15. Users have until February 2024 to redeem their BUSD, while withdrawals for the stablecoin coin will end on December 31. Binance says that any BUSD balances on accounts except for users in Japan, Poland, France, Italy, and Kazakhstan, as of […]

• November 30, 2023 03:26 AM PST
• Invezz

XAU/USD chart and technical analysis Gold made a significant rally gained $42 and reached a major daily resistance area of $2,055 in two days. However, the price is facing rejection from the resistance area and despite multiple attempts price was unable to break above this level. Price made a double-top on the daily time-frame which […]

• November 30, 2023 03:16 AM PST
• Invezz

Brazil’s Senate has approved new income tax laws, introducing a 15% tax on profits from digital coins held in overseas cryptocurrency exchanges. Effective from 1 January 2024, the updated rules underscore the country’s approach to taxing digital assets. The Chamber of Deputies has passed the bill. Meanwhile, it awaits the president’s endorsement to become a […]

• November 30, 2023 02:03 AM PST
• Invezz

In the midst of a buoyant November, where positive economic indicators hint at a celebratory close to a hawkish inflation cycle and robust Black Friday spending, a sobering contrast emerges in JPMorgan’s recently unveiled Investment Outlook 2024 report, titled ‘Too early for a victory lap’, released on November 29th. JPMorgan prophesies gloom this time next […]

• November 30, 2023 01:47 AM PST
• Invezz

Whale 0x8a1 has caught the attention of digital assets players due to its notable Maker (MKR) transactions. The addresses sent MKR tokens worth $6.91 million (4,500 coins) to FalconX at $1,536 per coin (early on Thursday). Meanwhile, the transfer shows a strategic move with notable financial effects. Navigating market dynamics to remain profitable Meanwhile, records […]

• November 30, 2023 01:13 AM PST
• Invezz

European stock indices continued their recovery on Thursday after an encouraging inflation report from Europe. In Germany, the DAX 40 index surged to a high of €16,200, the highest point since August 1st. It has jumped by more than 10% from the lowest point in November. German equities rallied after a report by the statistics […]

• November 30, 2023 01:05 AM PST
• Invezz

Optimism (OP) has been in investor radar lately due to its attractive performance. Meanwhile, the token trades with a bearish outlook as it plunged beneath significant support. The downward stance emerges as the crypto expects pessimistic catalysts on November 30. OP traded at $1.67 at press time, dropping 1.65% in the past day. Optimism’s massive […]

• November 30, 2023 12:26 AM PST
• Invezz

The Algorand Foundation is expanding its presence in India using strategic partnerships. The platform has secured collaborations with some of the leading entities in India, which will aid in its mission of expansion into the country. One of the entities that Algorand has partnered with is NASSCOM. The latter is a trade body and chamber […]

• November 30, 2023 12:13 AM PST
• Invezz

The USD/CHF exchange rate has come under pressure in the past few weeks as the US dollar index (DXY) plunged. The pair retreated to a low of 0.8745, down from October’s high of 0.9246. In all, it has crashed by almost 14% from the highest point this year. US dollar index retreat The USD/CHF pair […]

• November 30, 2023 12:00 AM PST
• Invezz