Oil prices surged on Friday following an exchange of fire between the U.S. and Iran in the Strait of Hormuz, a key global oil shipping route. Brent crude rose 2.26% to $102.32 per barrel, while U.S. West Texas Intermediate gained 2.06% to $96.76. The incident heightened concerns about the fragile ceasefire between the two nations, with both sides blaming each other for the attacks. Despite President Trump's comments that the ceasefire remains intact and the strikes were minor, uncertainty persists as Iran reviews a U.S. peace proposal and the U.S. temporarily paused its naval escort mission in the area. Analysts warn that ongoing tensions could keep oil markets volatile and prices elevated in the near term.
Hive Digital Technologies is disputing a Swedish tax ruling that reclassified its crypto mining subsidiaries as self-mining operations, denying them VAT recovery on costs retroactively since 2022. Hive argues it provides taxable computing power servi...
The market capitalization of privacy-focused cryptocurrencies Zcash and Monero jumped from $11.97 billion to $36.51 billion in five months, gaining $24.5 billion mainly driven by Zcash's price rising from $319 to $1,507 and Monero's from $330 to $555...
Litecoin (LTC) surged past the key resistance level of $60.61, marking a significant bullish shift in its long-term trend. Despite some caution due to low weekly trading volume, technical indicators on daily and weekly charts support a strong uptrend...
Cole Kennelly, CEO of Volmex Labs, predicts Bitcoin could surge to $500,000 within about two years, implying a more than sixfold increase from its current price of around $84,269. This forecast is notable because Volmex Labs specializes in measuring ...
USD Coin (USDC) circulation increased by about 300 million over the week ending September 21, reaching 74.6 billion USDC. During this period, Circle issued $10.1 billion of USDC and redeemed $9.8 billion, resulting in the net increase. The total rese...
