Finance

Elixir is sunsetting its deUSD synthetic stablecoin after Stream Finance’s $93 million loss. The platform has processed 80% of redemptions and will coordinate remaining claims. Around 90% of deUSD supply remains held by Stream, which has yet to repay its positions. Elixir, a decentralized finance liquidity provider, has announced that it will wind down its …

Elixir Shuts Down deUSD Stablecoin After Stream Finance’s $93 Million Loss Read More »

Opinion by: Christos A. Makridis, associate research professor at Arizona State University and visiting fellow at the Heritage Foundation Stablecoins received a real boost when US President Donald Trump signed the GENIUS Act earlier this year — and now European banks are trying to get into the act by issuing stablecoins of their own. Their …

Stablecoins strengthen the dollar and empower the developing world Read More »

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United States Baker Hughes US Oil Rig Count registered at 414 above expectations (413) Read More »

AUD/USD trades sideways on Friday, around 0.6480 at the time of writing, following the release of a key indicator that showed a significant deterioration in US consumer confidence. The University of Michigan’s Consumer Sentiment Index dropped to 50.3 in November from 53.6 in October, missing expectations of 53.2, reflecting growing concerns about inflation and the …

AUD/USD steady amid US consumer confidence drop, Fed policy uncertainty Read More »

GBP/USD hovers around 1.3150 as US shutdown dampens households’ sentiment GBP/USD clings to minimal gains on Friday amid the lack of economic data releases in the UK and as markets digest scarce economic data as the US government shutdown continues. The pair trades at 1.3148, up 0.10% after hitting a daily low of 1.3094. Read …

Pound Sterling Price News and Forecast: GBP/USD hovers around 1.3150 Read More »

The Euro is the currency for the 20 European Union countries that belong to the Eurozone. It is the second most heavily traded currency in the world behind the US Dollar. In 2022, it accounted for 31% of all foreign exchange transactions, with an average daily turnover of over $2.2 trillion a day. EUR/USD is …

EUR/USD Price Forecast: Euro regains strength, nears key resistance around 1.1600 Read More »

GBP/USD clings to minimal gains on Friday amid the lack of economic data releases in the UK, as markets digest scarce economic data amid the ongoing US government shutdown. The pair trades at 1.3148, up 0.10% after hitting a daily low of 1.3095. Sterling edges higher as Dollar steadies; weak US sentiment data and Fed …

GBP/USD hovers around 1.3150 as US shutdown dampens households’ sentiment Read More »

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Finance Magnates Awards 2025: Celebrating the Industry’s Top Performers Read More »

Elixir is sunsetting its deUSD synthetic stablecoin after Stream Finance’s $93 million loss. The platform has processed 80% of redemptions and will coordinate remaining claims. Around 90% of deUSD supply remains held by Stream, which has yet to repay its positions. Elixir, a decentralized finance liquidity provider, has announced that it will wind down its …

Elixir Shuts Down deUSD Stablecoin After Stream Finance’s $93 Million Loss Read More »

Opinion by: Christos A. Makridis, associate research professor at Arizona State University and visiting fellow at the Heritage Foundation Stablecoins received a real boost when US President Donald Trump signed the GENIUS Act earlier this year — and now European banks are trying to get into the act by issuing stablecoins of their own. Their …

Stablecoins strengthen the dollar and empower the developing world Read More »