Oil prices jumped on Friday while Asian markets tumbled, with global investors worrying about an escalation in conflict in the Middle East after explosions were reported near the Iranian city of Isfahan. US crude futures rose 2.1% to trade at $84.5 per barrel during Asian morning trading hours. Brent crude,…

USD/JPY faces some selling pressure near 154.15 in Friday’s early Asian session.  The escalating geopolitical tension in the Middle East and Asia boosts the safe-haven JPY.  Investors raise their bets that the US Fed will delay interest rate cuts to September. The USD/JPY pair attracts some sellers around 154.15 on Friday during the early Asian trading…

The ethos of Bitcoin as a decentralized cryptocurrency is under threat, according to Kadan Stadelmann, the CTO of Komodo, who has voiced concerns to BeInCrypto over the increasing centralization within the network. This shift from its foundational principles could redefine Bitcoin’s role in the financial landscape. One Huge Mining Powerhouse…

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The US risks losing its military presence in another African country as the government of Chad sent a letter threatening to end a critical security agreement, according to four US sources, a move that threatens to cede more US influence in the region to Russia. In a letter sent to the US defense attaché last week, Chadian officials threatened to cancel the Status of Forces Agreement, or SOFA, which determines the rules and conditions under which US military personnel can operate in the country. While the letter did not directly order the US military to leave Chad, the officials told…

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TikTok is again facing an imminent threat from Congress. On Wednesday, House Republicans added a hot-button bill that could lead to a nationwide TikTok ban to a wide-ranging foreign aid package intended to help Israel and Ukraine. House Speaker Mike Johnson aims to hold a vote on the aid package…