Author: Steven Sahiounie

President of Belarus Alexander Lukashenko commented on the recent attempt by Ukrainian saboteurs to attack Russian aircraft stationed at the Machulichi airfield. Mr. Lukashenko revealed the details of the attack, claiming that Kiev and Washington will not draw Belarus in a military conflict. Belarusian President Alexander Lukashenko reported that the operation developed by the Security Service of Ukraine (SBU) together with the US Central Intelligence Agency (CIA) was aimed to destroy a Russian A-50 long—range radar detection and guidance aircraft deployed on the territory of Belarus. The US-Ukrainian operation failed. The terrorist and his accomplices, who were trained by Western intelligence services,…

Pyongyang said any American efforts to interfere with its weapons tests would be considered a “clear declaration of war” North Korea has vowed to respond with “overwhelming” force should the US military attempt to intercept missiles fired during test launches. The warning came hours after Washington and Seoul carried out their latest round of air drills in the region, which involved at least one nuclear-capable bomber. In a statement on Tuesday, Kim Yo-jong – the sister of North Korean leader Kim Jong-un and a senior figure in the ruling Workers’ Party – responded to a recent press report citing a high ranking US military official,…

Dollar strength ahead of Federal Reserve Chair Jerome Powell’s speech on Tuesday pushed the British pound 0.3% lower on the day, as it traded at $1.198 at midday London time. Bank of England rate-setter Catherine Mann said in the morning that the pound could face downward pressure if investors have not yet fully priced in hawkish signals from the Fed and the European Central Bank, Reuters reported. This article was originally published by CNBC.

U.S. stocks opened flat on Tuesday as Wall Street awaited Federal Reserve Chari Jerome Powell’s testimony. The Dow Jones Industrial Average traded flat, while the S&P 500 dipped 0.06%. The Nasdaq Composite inched 0.04% higher. This article was originally published by CNBC.

European markets fell on Tuesday, as traders followed U.S. Federal Reserve Chair Jerome Powell’s congressional testimony. The pan-European Stoxx 600 was down 0.7% at 4:00 p.m. London time after trading flat for most of the session, as all sectors slid into the red. Mining stocks led losses, down 2.2%, while retail fell 1.18%. Powell warned interest rates are likely to be higher than central bank policymakers previously expected. “If the totality of the data were to indicate that faster tightening is warranted, we would be prepared to increase the pace of rate hikes,” he added. The British pound fell 1.2% against the U.S. dollar to $1.187…

Trading cryptocurrencies is quite challenging right now, as the market is caught between opposing forces of issues at crypto-friendly bank Silvergate, operational bottlenecks at major exchanges and optimism about Ethereum’s impending Shanghai upgrade. Per crypto services provider Matrixport, the best way to navigate the melee is by setting relative value trades – a strategy of trading one or more securities in relation to another. “It’s time for relative value trades. Traders can now buy call options on ether and finance them by selling calls on bitcoin with the profit potential quite strong,” Markus Thielen, head of research and strategy at Matrixport, said in a note to…

Good morning. Here’s what’s happening: Prices: Crypto is flat as traders await U.S. central bank Chair Jerome Powell’s next comments. Insights: Exposure to China and the subsidies it is receiving may be hurting Filecoin’s growth. Crypto Flat as Powell Heads to Congress Good morning Asia, here’s how the markets are moving today. Bitcoin and ether are opening the Asia business day flat. The world’s largest digital asset is down 0.2% to $22,412 while ether is stuck at $1,565. Trading volume is significantly down, according to CoinGecko data, with 24-hour volume for bitcoin at $16 billion on Monday, March 6 compared to $27 billion…

This week, the U.S. Senate Committee on Environment and Public Works (EPW) will hold a hearing on digital assets and the environment. This hearing will almost exclusively focus on the energy use from Bitcoin’s proof-of-work mining process. At its simplest, Bitcoin data centers (also known as miners) use computers to secure the Bitcoin network and process transactions. For this work they are rewarded in bitcoin (BTC). Critics have highlighted the large amount of energy use of bitcoin miners and argued that governments should either clamp down on bitcoin mining or force miners to switch away from the proof-of-work protocol and…

Bored Ape Yacht Club parent company Yuga Labs closed its TwelveFold auction Monday, launching the company’s first Bitcoin-based non-fungible token (NFT) collection. The 300-edition generative art project, which opened its auction on Sunday, awarded NFTs to the top 288 successful bidders at the conclusion of the auction at 6 p.m. ET. According to TwelveFold’s website, Yuga Labs reserved 12 inscriptions for “contributors, future donations, and philanthropic efforts.” According to Yuga Labs, there were 3,246 total bidders and the auction generated 735.7 BTC (about $16.5 million). The 288 NFTs minted will be inscribed onto satoshis on the Bitcoin blockchain. One token sold for as…

Bitcoin edged higher to top $22,500 early Monday before retreating slightly below that mark in the afternoon. The largest cryptocurrency by market value was recently trading above $22,400 and squarely in the narrow range it’s occupied since Thursday when traders liquidated some $78 million in long positions amid worries about Silvergate Capital. Bitcoin (BTC) had been trading at around $23,500 for much of the previous week winding into February. “It seems the more Wall Street positions itself for a major sell-off with risky assets, markets refuse to break,” Edward Moya, senior market analyst at foreign exchange market maker Oanda, wrote in an…