The Federal Reserve surprised the market yesterday by cutting the dollar rate by 0.5%, with expectations that a similar reduction might occur by the end of the year. The dollar initially dropped sharply following the announcement but then partially recovered after comments from Jerome Powell. The Fed Chair stated that the current decision would not

In the first half of this year, Victor Gherbovet, who previously collaborated with the FX/CFD broker Admirals for over a decade, decided to launch his own software-as-a-service (SaaS) technology company, FirstByt. Now, as Finance Magnates exclusively learned, the company is introducing a white-label solution for firms looking to launch their own de

Donald Trump made a gesture to the crypto community on September 18, buying burgers for supporters and paying with Bitcoin (BTC).

As we have frequently noted, a rate cut by the Federal Reserve seemed inevitable. Market participants debated whether the reduction would be 0.5% or 0.25%, and those predicting a 0.5% cut were proven correct. According to Bloomberg, a narrow majority of 10 out of 19 committee members supported the 50-basis-point cut. Seven members favoured an [&hel

  Bittrex is a centralized crypto exchange founded in 2014 that formerly operated out of the U.S.  Despite being one of the oldest and most reputable digital currency exchanges, Bittrex filed for bankruptcy protection in the United States in light of tightening government restrictions on crypto assets. Bittrex’s US arm was shut down on April [&hell

A carry trade is a popular forex trading strategy that takes advantage of interest rate differentials between two currencies, aiming to earn returns from the interest gap. This article explores what a carry trade is, its formula, and how the strategy works, helping traders understand its potential advantages and risks. Carry Trade: Definition A car

Solana Mobile, the phone-making division of Solana Labs, is preparing to launch its second crypto-focused smartphone, the Seeker, in 2025.

Alexander Deschatres, Head of Sponsorship for Asia at Standard Chartered, has stated that stablecoins could help mitigate the negative impact of potential Federal Reserve rate cuts on U.S. Treasury and money market tokens. Deschatres explained, “The $170 billion supply of stablecoins represents a pool of funds that could be converted into money mar

The Securities and Exchange Commission (SEC) has taken action against another decentralized finance lending platform, as the regulator charged Rari Capital and its co-founders, alleging that they operated an unregistered broker, offered unregistered securities, and misled investors. Announced yesterday (Wednesday), the complaint also named the plat

MakerDAO’s rebranded initiative, Sky, announced via X that USDS and SKY have officially launched on the Ethereum network. The platform also features decentralized finance (DeFi) functionalities supported by the Sky protocol, all of which are accessible on their official website. Current offerings include upgrading DAI and MKR to USDS and SKY, tradi