Category: Losses
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Tron (TRX) Investors Lose Faith In New ATH & Move Into New 100X Project Avenging TRX Losses
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Tron (TRX) investors are starting to lose faith in the possibility of reaching a new all-time high (ATH). The once-promising digital asset has seen its share of struggles, prompting many TRX holders to look for new opportunities to recoup their losses and potentially make significant returns. One such opportunity is…
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Tron (TRX) Investors Lose Faith In New ATH & Move Into New 100X Project Avenging TRX Losses
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Tron (TRX) investors are starting to lose faith in the possibility of reaching a new all-time high (ATH). The once-promising digital asset has seen its share of struggles, prompting many TRX holders to look for new opportunities to recoup their losses and potentially make significant returns. One such opportunity is…
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Dollar set for further losses
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Investing.com – The U.S. dollar recently fell to its lowest level this year amid growing expectations that the Federal Reserve will soon start cutting interest rates, and UBS expects more losses to come. At 05:55 ET (09:55 GMT), the dollar index, which tracks the greenback against a basket of six…
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Lido DAO’s (LDO) New Analytics Might Deter Hostile Market Environment Despite 18% Weekly Losses
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The hostile market environment is currently hampering altcoins’ near-term gains. With the broader market down 2%, LDO’s losses compound Crude oil prices have risen 18% since last week, continuing to end the week with pain for short-term investors. This has shaken investor confidence as fear, uncertainty and doubt spread through…
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Crypto Losses Fall To $15 Million In August
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In August 2024, the crypto ecosystem saw its lowest monthly losses this year. However, this development, which could be very encouraging for potential investors, is accompanied by increasing losses since the beginning of the year (YTD), indicating that the emerging industry could record even greater losses to bad actors in…
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Bitcoin Set For Further Losses As Data Points To Stormy September – Details
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according to Data from CoinMarketCap, Bitcoin had a turbulent end to August, losing 7.75% of its market value in the last week. This price drop confirms the overall negative performance of the crypto market leader over the past month, with a monthly price decline of 10.64%. Interestingly, amidst this bearish…
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Bitget Launches P2P Security Layer ‘Shield’ to Ensure Safety and Mitigate Users’ Losses
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Article Content VICTORIA, Seychelles, August 26, 2024 (GLOBE NEWSWIRE) — PetgettThe world’s leading cryptocurrency exchange has announced the launch of its P2P Shield security layer, which increases security within P2P trading. This new layer aims to ensure user trust and the reliability of the platform from fraudulent activities that can…
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Kenyan banks see forex losses from subsidiaries as shilling strengthens
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Kenyan banks recorded currency losses of about Ksh50 billion in the first half of the year when translating financial statements of regional subsidiaries into Kenyan shillings due to the appreciation of the shilling during the period. The shilling has appreciated by between 19 and 31 percent against the currencies of…
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Goldman Sachs on where to look in FX if you’re expecting equity market losses
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Goldman Sachs analyzes effective hedges in the foreign exchange market in scenarios where US stocks and yields fall, highlighting the most reliable currency positions. Safe havens JPY and CHF, along with shorting MXN and AUD, are identified as effective hedges. However, the costs associated with certain strategies favor shorting AUD…
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Asia FX weakens as dollar recovers from 3 days of losses; rate cuts in focus By Investing.com
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Most Asian currencies fell on Thursday as the dollar rose from seven-month lows amid some cheap buying, although traders remained largely biased against the greenback amid expectations of interest rate cuts. The Japanese yen retreated after posting strong gains this week, although sentiment towards Japan was supported by positive PMI…
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Binance Prevents $2.4 Billion In Potential Losses From Scams
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Cryptocurrency exchange Binance announced Tuesday that it has prevented more than $2 billion in potential losses from fraud and scams since January 2024. The exchange highlighted risk management measures and a “proactive approach” as key to keeping its more than 1 million users’ funds safe from fraudulent activity. Binance Prevents…
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Binance Prevents $2.4 Billion In Potential Losses From Scams
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Cryptocurrency exchange Binance announced Tuesday that it has prevented more than $2 billion in potential losses from fraud and scams since January 2024. The exchange highlighted risk management measures and a “proactive approach” as key to keeping its more than 1 million users’ funds safe from fraudulent activity. Binance Prevents…
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Australian dollar battles to recoup late-July losses
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AUDUSD Daily The Australian dollar rose 50 pips today on its third day of gains. It is at its highest level since July 18, and at levels that would be the highest since January except for the June and July spikes. What is particularly impressive is that the Australian dollar…
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Indian investor kidnaps BitConnect employees to recover losses
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An Indian man allegedly kidnapped two men involved in the $2.4 billion BitConnect Ponzi scheme to recoup losses. Shailesh Babulal Bhatt was an investor in BitConnect Coin, a token that is traded as the platform’s native cryptocurrency, according to statement From the Indian Enforcement Directorate, Bhatt, along with his accomplices,…
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Indian investor kidnaps BitConnect employees to recover losses
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An Indian man allegedly kidnapped two men involved in the $2.4 billion BitConnect Ponzi scheme to recoup losses. Shailesh Babulal Bhatt was an investor in BitConnect Coin, a token that is traded as the platform’s native cryptocurrency, according to statement From the Indian Enforcement Directorate, Bhatt, along with his accomplices,…
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Dogwifhat, Brett, Bonk, Pepe lead weekend losses
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Cryptocurrency prices remained under pressure on Monday, continuing a trend that has been in place for nearly two weeks. Meme Coins Continue to Sell In total, all meme coins tracked by Queen Gecko The company’s market value has reached more than $38 billion, down from its high so far this…
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Dogwifhat, Brett, Bonk, Pepe lead weekend losses
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Cryptocurrency prices remained under pressure on Monday, continuing a trend that has been in place for nearly two weeks. Meme Coins Continue to Sell In total, all meme coins tracked by Queen Gecko The company’s market value has reached more than $38 billion, down from its high so far this…
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Kenya Re half-year profit dips 10pc on forex losses
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Kenya Re’s net profit in the six months to June fell 10 percent to Sh1.06 billion, as foreign exchange losses eroded higher income from reinsurance and local investments. The Nairobi Securities Exchange-listed reinsurer reported a net foreign exchange loss of Sh800.25 million in the period, compared to a profit of…
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The euro has now erased all of this year’s losses
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EURUSD daily The euro has now returned to stability during the year. It opened at 1.1036, dropped to 1.0601 on April 15, and has now risen to its highest level. There is some resistance at the December high of 1.1139 followed by last year’s high of 1.1276. The latest move…
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B. Riley stock extends losses after bank delays quarterly report By Reuters
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Written by Manya Saini, Nikit Nishant and Saeed Azhar (Reuters) – Shares of investment bank B. Riley Financial fell to their lowest level in nearly eight years on Tuesday after the company delayed filing its quarterly report with the Securities and Exchange Commission, adding to concerns about a second-quarter loss.…