Bittrex Ceases Its Operations for Good After the US Bankruptcy LeapRate

November 21, 2023 BY Simon Mugo

Bittrex Ceases Its Operations for Good After the US Bankruptcy

Yet another cryptocurrency exchange has decided to exit the market, as Bittrex Global, originally hailing from Liechtenstein, has declared its intention to halt trading and operations involving US dollars from the start of December. ______________________________________________________________________ Don’t miss out the latest news, subscribe to LeapRate’s newsletter _______________________________________________________________________ The move follows a series of actions initiated by…

November 21, 2023 BY Simon Mugo

GBPUSD Rallied Higher on the BoE Policymakers’ Testimonies

BoE Governor Andrew Bailey acknowledged that the latest decrease in inflation was positive news and indicated that recent developments in inflation align with the central bank's expectations. While inflation is expected to end the year slightly lower than previously anticipated, Bailey stressed that this reduction is not substantial. ______________________________________________________________________ Don’t miss out the latest news,…

November 21, 2023 BY Elizabeth Anderson

UK borrowing reaches record levels, topped only by stats from 1993 & 2020

The ONS’s figures also compared the same period from 2022, where net borrowing registered lower than this October’s figures. Not only this, but it also sits as the second highest borrowing figure since October 1993, second only to October 2020 when borrowing catapulted due to a pandemic deficit of £20bn. Industry experts have urged government…

November 21, 2023 BY Elizabeth Anderson

Asian stocks experience 2-month high in face of weaker dollar

On Monday, the Japanese Nikkei settled at a 0.15% increase after riding crests not experienced since 1990. As this index is up by an estimated 28% so far this year, it is the strongest performer in the Asian stock market. Similarly, the CSI300, China’s blue-chip index, rose by 0.66% and the Hong Kong Hang Seng…

November 21, 2023 BY Elizabeth Anderson

Could approved Bitcoin ETF begin a $100bn crypto market value?

Fuelling this prevailing crest of excited anticipation, the probable involvement of reputable investment giants such as BlackRock, Fidelity, and Invesco stirred speculations that the spot-Bitcoin ETF will achieve a $100bn market value in due course. Reportedly, Galaxy Digital Holdings Ltd. (GLXY.TO) conferred with about 300 investment professionals about Bitcoin allocations as the ETF approval and…

November 20, 2023 BY Elizabeth Anderson

Apple hires hackers to break iPhone 15s security

Apple noted that the A17 Pro chip delivers the most efficient and well-rounded graphics performance of all their mobile models so far, noting it as an “entirely new class of iPhone chip”. This self-hired cyber-attack comes after the company released Lockdown Mode, which aided the protection of devices against highly sophisticated, rare cyber security breaches.…

November 20, 2023 BY Elizabeth Anderson

Swiss National Bank getting backlash from NGOs over fracking investments

Fracking uses high-pressure liquids to extract subterranean fossil fuels. According to a recently published Yale paper, this process generates copious amounts of wastewater, emits greenhouse gases, and causes air and noise pollution. Consequently, it disturbs natural habitats and migratory patterns, while causing land degradation. ______________________________________________________________________ Don’t miss out the latest news, subscribe to LeapRate’s newsletter…

November 20, 2023 BY Elizabeth Anderson

Microsoft swoops in as OpenAI board shows Sam Altman the door

Murati has been part of the OpenAI leadership team for five years. In its press release, the company stated: Mira has played a critical role in OpenAI’s evolution into a global AI leader. She brings a unique skill set, understanding of the company’s values, operations, and business, and already leads the company’s research, product, and…

November 17, 2023 BY Simon Mugo

Singapore Launches Live Pilot for Issuing Wholesale CBDCs

This significant development, disclosed by MAS Managing Director Ravi Menon, marks a departure from previous simulations and aims to evaluate the practicality and efficiency of employing CBDCs for instantaneous settlements among commercial banks. ______________________________________________________________________ Don’t miss out the latest news, subscribe to LeapRate’s newsletter _______________________________________________________________________ Until now, MAS had only simulated the issuance of CBDCs…

November 17, 2023 BY Elizabeth Anderson

Nvidia Inception brings in new recruit Shorthills AI

Focusing on offshore technical and digital equipment, Shorthills AI provides data engineering solutions, as well as end-to-end generative AI, for companies in data pre-processing and data pipeline servicing. Nvidia (NASDAQ: NVDA) specialised in creating integrated circuits, GPUs and CPUs that are used in gaming consoles and PCs. ______________________________________________________________________ Don’t miss out the latest news, subscribe…