Global crude oil demand is exceeding supply and we're also seeing a big drawdown in inventories, especially here in the United States. That's causing the cost of oil to go up, which also raises the cost of gasoline.
Blockchain applications are tested in practice spaces unable to simulate the full range of scenarios under which the tech is expected to perform. As such, events such as Solana’s outage will likely continue to be a feature of blockchains and their applications.
In their most recent report, the EIA stated that U.S. commercial crude oil inventories fell by 6.4 million barrels, putting inventories about 7% below the 5-year average for this time of year.
Was yesterday’s strength the next step in the playbook, a rebound that sets course for new record highs? Or was the selling too orderly, leaving unfinished business?
SEC Chairman Gary Gensler testified in the U.S. Senate and affirmed that the regulator has broad ambitions for bringing the crypto space in line with U.S. financial regulations.
Yesterday, a fraudulent press release announced that Walmart had partnered with Litecoin (LTC) to begin accepting payment in the crypto. LTC rose by as much as 39% on the news before paring losses in the aftermath.
Despite inflation running persistently hotter than the Federal Reserve’s target, Fed Chair Powell has insisted it’s transitory and has remained ever-patient.
Mastercard has announced its acquisition of Menlo Park-based crypto analytics and tracing firm CipherTrace. The deal signals broad ambitions for crypto by Mastercard and that its plans for the space are moving forward.
Japan’s index is closing in on February’s high, the highest level since the 1990 crash. China’s Shanghai Composite is also at its highest since February, now up nearly 5% on the month and 12% since the July low.
