Business

South African Rand Strengthens as Foreign Reserves Increase In early trading on Monday, the South African rand strengthened, following a report from the central bank indicating a rise in the country’s foreign reserves last month.  By 0809 GMT, the rand was valued at 18.6100 against the U.S. dollar, marking a 0.4% improvement from its last closing.  Meanwhile, the dollar experienced …

dYdX Experiences Chain Halt During Scheduled Upgrade, Investigating Ongoing Outage The decentralized derivatives exchange protocol, dYdX, encountered a significant disruption during a planned update, marking a pause in its operations.  This incident began at approximately 6:50 a.m. UTC, as reported in an incident summary. Subsequent on-chain data indicated a cessation in block production shortly thereafter, prompting dYdX’s engineering team to …

xQc Reveals Peak Annual Earnings of $9 Million from Streaming Twitch and Kick sensation xQc has disclosed that his highest annual earnings from streaming reached $9 million. This revelation came about when social media interviewer natestakkzz caught up with him in Miami on April 6 to ask a few questions. At the beginning of their conversation, after introducing himself as …

German Industrial Production Surges in February, Outpacing Expectations The German federal statistics office reported on Monday that industrial production in February saw a significant increase, surpassing expectations largely due to the construction sector’s strong performance.  The month-on-month production growth reached 2.1%, while analysts surveyed by Reuters had anticipated a modest increase of 0.3%. Revised data also showed that January’s industrial …

Bowman Warns Persistent Inflation May Require Further Interest Rate Increases Persistent inflation in the U.S. has led to increased financial caution within the Federal Reserve, with price levels rising in the early months of 2024. This situation has prompted some Fed members, including Governor Michelle Bowman, to consider the possibility of raising interest rates, contrary to market expectations of rate …