Author: Steven Sahiounie

Ethereum’s native token, Ether (ETH), eyes a run-up toward $3,000 in Q2 2023 after wrapping the previous quarter with 55% gains. ETH price nears potential breakout The price of Ether has more that doubled after bottoming out in June 2022 at around $880, weathering a slew of negative events, including the FTX exchange collapse, interest rate increases, and stricter U.S. regulations. In doing so, ETH/USD has painted an ascending triangle, confirmed by its rising trendline support and horizontal level resistance. The pattern suggests aggressive buying as lows get steadily higher while highs stay around the same level, indicative of a…

A closely followed crypto analyst believes Ethereum (ETH) could be gearing for a rally en route to liquidating traders who are bearish on the leading smart contract platform. In a new blog post, Justin Bennett says that the S&P 500’s (SPX) rally on Friday could hint at the short-term performance of the crypto markets. According to the analyst, crypto tends to follow in the footsteps of the stock market but there appears to be lag between the two asset classes. Bennett adds that should crypto take cues from equities, he sees Ethereum taking out resistance at $1,840. Bennett says an…

Digital trading cards tied to Donald Trump, the 45th President of the United States, have seen a spike in price following news that a grand jury in Manhattan voted to indict him. According to NFT data aggregator NFTPriceFloor, the floor price of Trump’s NFTs currently sets at 0.499 ETH, or over $900 at current rates. In comparison, the cards were initially priced at $99 and dropped to as low as 0.02 ETH (around $35) in late December last year.  The NFT collection has also seen a surge in trading volume. On March 31, one day after the former president was indicted,…

The price of Bitcoin has been a topic of much discussion among investors and cryptocurrency enthusiasts alike. With the support level at $28,500 holding strong, many are wondering about the future direction of the world’s largest cryptocurrency.  In this update, we will examine various factors that could impact Bitcoin’s price movement and make a prediction about where BTC could be headed next. US Government to Auction Over 41,000 Bitcoins Seized from Silk Road Hacker The US government, a major bitcoin holder, intends to sell 41,490 BTC in 2023, as revealed in a court document related to James Zhong’s sentencing. In November 2022, the government seized a…

By: Javad Masoumi, Iranian researcher and analyst The relations between Iran and India have had significant international relations and interactions throughout history, which brought about a new phase of interaction between India and Iran after the Iranian Islamic Revolution in 1979.  Iran and India have improved the level of economic and trade relations in 2018 with the lease agreement of a part of Chabahar port, and these relations are expanding in other fields, including investment in oil exploration.  India can achieve great achievements by developing its trade relations with Iran in securing energy resources.  Therefore, the progress of strategic partnerships,…

The finance ministry will set up a panel of experts as early as April to discuss the feasibility of issuing a digital currency, but authorities say the pilot programme could take years to launch. Japan is stepping up efforts toward issuing a digital yen with the creation of a government advisory panel and the launch of a pilot programme, joining a growing number of countries exploring a central bank digital currency (CBDC). The finance ministry will set up a panel of experts as early as April to discuss the feasibility of issuing a digital yen, Reuters reported on Friday citing…

Swiss prosecutors have opened an investigation into the sudden takeover of the country’s second-largest bank, Credit Suisse, by its rival, UBS. The deal was rushed through last month, when fears rose about Credit Suisse’s financial position. Switzerland’s Federal Prosecutor said on Sunday that it would investigate if any possible “criminal offences” had been committed. Credit Suisse declined to comment. UBS has been approached for comment. The deal for UBS to buy Credit Suisse was backed by the Swiss government, and was put together rapidly after a weekend of emergency talks between the two banks and the country’s financial regulators. At…

When was the last time you purchased something and you weren’t asked for a tip? Not only are requests to tip on purchased goods and services increasingly common, but the amount of the traditional tip also has been on the rise for decades. During the 1950s, people commonly tipped 10% of the bill. By the 1970s and 1980s, that percentage had jumped to 15%. In 2023, people typically tip anywhere from 15% to 25%. Consumers on average said they tipped more than 21%, according to a Creditcards.com survey in May 2022. “What we’re seeing now nationwide is something that is known as ‘tipflation’ … at every…

Russia sends sovereign debt payments to the NSD using the ruble-transaction mechanism. Russia’s Finance Ministry announced on Friday that it has settled two issues related to dollar-denominated Eurobonds by sending 17 billion rubles ($221.1 million) in coupon payments to the National Settlement Depository (NSD). The payments were on Eurobonds maturing in 2030, according to the ministry. “Thus, obligations on servicing the state securities of the Russian Federation were fulfilled by the Finance Ministry in full,” the statement said. The payments were made through the ruble-transaction mechanism, which was implemented last June in reaction to Western sanctions and US efforts to prevent…

Pakistan’s government continues to struggle as it hopes to fulfill requirements and meet conditions for an alleged IMF bailout. As the government in Islamabad struggled to meet International Monetary Fund (IMF) conditions to unlock an alleged bailout, the year-on-year inflation in Pakistan hit 35.37% in March. With month-on-month inflation at 3.72%, according to government data released Saturday, the average inflation rate for 2022 was 27.26%. The Pakistani economy has been exacerbated by political instability, the global energy crisis, earthquakes, and the devastating floods that submerged large portions of the country in 2022. As a result, the country requires billions of dollars of financing to…