Author: Steven Sahiounie

The Turkish President is ahead of his rival Kemal Kilicdaroglu with 52.4 percent of the votes. With around 44% of Sunday’s election ballots counted, Turkish President Recep Tayyip Erdogan was leading his secular competitor, according to state media, albeit the numbers were subject to significant change. 973 districts and 1,094 district election boards will hold a total of 191,885 ballot boxes to elect a new president and fresh members of parliament, who will serve a term of five years. With 43.8 percent of the ballots counted, Erdogan has 52.4 percent of the vote, while opposition leader Kemal Kilicdaroglu had 41.4 percent.…

The Ethereum price breakdown from monthly support of $1827 indicates this altcoin is poised for a longer correction. However, the falling price witnessed significant demand pressure near the 100-day EMA at $1766, indicating the buyers have not thrown the towel yet. Thus, in the coming week, the coin holder may witness a brawl between the buyers and sellers to claim trend control. After giving a decisive breakout from the $1827 support of May 11th, the sellers failed to offer a significant follow-up indicating a weakness in bearish momentum. Today, the Ethereum price trades at $1803 with an intraday gain of…

XRP Price Analysis: Over the past five days, the XRP price has been trading sideways with no strong commitment from buyers or sellers. During this consolidation, the coin has formed a narrow range between $0.433 and $0.408 level, showcasing uncertainty with long-wick candle rejection on either side. However, in the shorter time frame chart, the XRP price shows the formation of a bullish pattern setup called Ascending triangle indicating a possibility of a potential upswing. The falling XRP price halted at aligned support of $0.41 and support the trendline of the channel pattern. After a retest to this lower trendline,…

Former users of now-bankrupt Canadian crypto exchange QuadrigaCX are set to receive 13% of their total claims. According to a notice to creditors published late Friday by accounting giant Ernst & Young (EY), each creditor of the exchange will receive “13.094156% of their proven claim less the levy amount payable to the Office of the Superintendent of Bankruptcy pursuant to the BIA.” The filing shows QuadrigaCX owes CAD $303.1 million ($222.3 million) across 17,648 claims from creditors, which include Canada Post and the country’s tax authority, Canada Revenue Agency (CRA). Notably, there are 15 claims with a value greater than CAD $1…

The Turkish lira is already facing some of the most volatile conditions across global currency markets in the run-up to the country’s landmark elections this weekend, with traders predicting a likely collapse if incumbent Recep Tayyip Erdogan retains his presidency. The lira is currently trading at record lows of 19.56 against the U.S dollar — and market watchers forecast that it still has further room to plunge. Turkey is holding both its presidential and parliamentary elections on Sunday. In the event of a victory by Erdogan, it’s “highly likely the Turkish lira collapses within months,” the founder of advisory firm Cribstone Strategic Macro Mike…

Today, Sunday, the Suez Canal Economic Zone announced the arrival of bunkering service floaters in the waiting area of ​​Port Said ports, and the start of preparations for the service to enter into force within days. This comes within the framework of implementing the directives of the political leadership to transform Egypt into a regional center for providing marine services and supplying ships, and to become a leading center for energy trading, and placing Egypt on the global ship supply map. In this context, Walid Gamal El-Din, head of the Suez Canal Economic Zone, announced that the national committee entrusted…

The cross-border volume of cargo in Russia’s Far East soared 1.5 times compared to last year Russia and China have significantly increased the volume of cargo traffic through road checkpoints in the Far East since the beginning of 2023, data provided by Russia’s Federal Customs Service (FCS) shows. According to the agency, road-based freight traffic jumped roughly 1.5 times so far this year compared to the same period in 2022, with more than 75,000 vehicles passing through road checkpoints at the Russian-Chinese border since January 1. The agency said that in order to deal with the increased traffic, it has…

The presidential and parliamentary elections will determine the country’s course for the next five years The polls have opened in Türkiye for key presidential and parliamentary elections, that will decide whether incumbent President Recep Tayyip Erdogan will retain power, after a hotly contested race. Polling stations opened at 8am local time in 81 provinces, with almost 200,000 ballot boxes installed across the country. Around 60 million people are eligible to vote, while 1.8 million people abroad have already cast their ballots. Both the president and members of the parliament are elected for five-year terms. News, forecasts, and commentary on the elections…

This comes ahead of an anticipated ceremony to award the Ukrainian president in Aachen with the Charlemagne Prize for ‘European unity’. Germany was labeled a “true friend and reliable ally” by Ukrainian President Volodymyr Zelensky on Sunday, after Germany sent a massive military package for Ukraine during Zelensky’s visit to Berlin. His trip followed his meetings in Rome with Italian leaders and the pope, while Ukraine prepares for a counteroffensive. However, when Pope Francis offered to help Zelensky negotiate with Russia to achieve a sustainable peace plan, the Ukrainian President rejected it. “With all due respect to His Holiness,” Zelensky told Italian talk show host Bruno…

Turkey’s President wishes for a “good future for our country and Turkish democracy” as he casts his own vote with results for the pivotal elections due to be released tonight. On Sunday, Turkish President Recep Tayyip Erdogan arrived at the polling station in Uskudar, Istanbul, to cast his own vote as polls are open from 8 am to 5 pm local time with the kickoff of the presidential and legislative elections in the country. “The voting process continues across the country without any problems. Our citizens in the earthquake region are also voting with great enthusiasm. We did not encounter any problems in…