Investing in Currencies

New Delhi, Dec 27 (IANS) Hackers stole around $2 billion in cryptocurrencies in 2023, a substantial decrease from an all-time record of around $3.8 billion in 2022.Among the major hacks this year was Hong Kong-based crypto company Mixin that saw $200 million being stolen in a data breach that occurred in September. In March, Cyber-criminals stole about $197 million from crypto lending platform Euler Finance. According to De.FI, the Web3 security firm that runs the REKT database, the $2 billion in crypto hacking this year, “though dispersed across various incidents,...

By Karen Brettell NEW YORK (Reuters) -The fell on Tuesday and the euro hit a more than four-month high as investors waited on fresh clues to when the Federal Reserve is likely to begin cutting interest rates as inflation falls closer to the U.S. central bank’s 2% annual target. Volumes were muted the day after Christmas, however, as markets in the UK, Australia, New Zealand and Hong Kong, among others, were still out for a public holiday. Many traders globally are also out for holidays until the New Year. The...

prices experienced a marginal decline of -0.05%, settling at 75386, primarily driven by profit booking. The market had earlier witnessed an upward trend due to a weakened dollar and lower yields, fueled by expectations of the Federal Reserve initiating a rate-cutting cycle in March. The latest US data reinforced the belief in the Fed's potential rate-cutting strategy, as both headline and core PCE price indices for November fell below estimates. The US inflation data suggested a gradual convergence toward the Fed's target, with year-ahead inflation expectations reaching a near three-year...