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Tastyworks (TastyFX): Best Choice for U.S. Traders (4.5/5) Why We Chose It TastyFX, launched in June 2024 by IG, has quickly become a top choice for U.S. forex traders. IG, a highly reputable brokerage, designed TastyFX to offer premium trading technology, competitive pricing, and an excellent user experience. With regulatory backing and strong research tools, this platform is ideal for both new and experienced traders. Pros and Cons Pros: Cons: Overview TastyFX emerged after IG’s acquisition of the well-known options trading platform, Tastytrade, in June 2021. Based in Chicago, TastyFX caters to U.S. traders by providing a seamless trading experience…

Crypto index funds have gained popularity as a way for investors to gain diversified exposure to the digital asset market without the risk of betting on individual coins. But if you’ve invested in one, you might be wondering: Can you borrow against a crypto index fund? The short answer: It depends. While borrowing against individual cryptocurrencies like Bitcoin and Ethereum is fairly common, leveraging a crypto index fund as collateral is a bit more complicated. Let’s break it down. How Crypto-Backed Loans Work Crypto-backed loans allow you to use your digital assets as collateral to borrow cash or stablecoins. Platforms…

Cryptocurrency loans allow traders and investors to leverage their digital assets without selling them. However, the volatility of the crypto market creates a significant risk of liquidation, where lenders force the sale of collateral when its value drops below a certain threshold. One effective way to protect against liquidation risks is through derivatives. In this article, we will explore how traders can use derivatives like futures, options, and perpetual contracts to hedge against crypto loan liquidation. Understanding Crypto Loan Liquidation Crypto loans typically require borrowers to deposit collateral, such as Bitcoin (BTC) or Ethereum (ETH), in exchange for stablecoins or…

Foreign Affairs Cabinet Secretary Musalia Mudavadi has assured lawmakers that Stephen Munyakho, a 50-year-old Kenyan who was on death row in Saudi Arabia for manslaughter, is expected to return home soon. However, despite the payment of Ksh129 million, his release has been delayed due to ongoing legal procedures in Saudi Arabia. While addressing the Senate plenary on Wednesday morning, Mudavadi explained that although the funds had been paid to secure Munyakho’s freedom, the Saudi legal system must first complete all necessary steps before he can be allowed to leave. He emphasized that once these processes are finalized, Munyakho will be…

Political tensions are rising in Uganda following Raila Odinga’s recent visit to South Sudan, where he was blocked from meeting Vice President Riek Machar. Instead, South Sudanese authorities directed him to hold discussions with Ugandan President Yoweri Museveni. Raila, who had traveled to South Sudan in his capacity as Kenya’s special envoy for peace talks, revealed that his attempt to meet Machar was denied. “I requested to meet Dr. Machar, but they did not allow me. Instead, they recommended that I see President Museveni,” Raila stated on Saturday. His statement has sparked strong reactions from political leaders in Uganda, particularly…

Trump Imposes New Trade Tariffs on Kenya, Impacting Key Exports Kenya’s trade with the United States suffered a major setback on Wednesday after former US President Donald Trump signed an executive order imposing new tariffs on Kenyan exports. The new directive introduces a 10 percent baseline tariff on all Kenyan goods entering the US, affecting trade worth approximately Ksh109.7 billion (784 million USD). This move is expected to hit Kenya’s key export industries, including textiles, tea, and coffee, which previously enjoyed tariff-free access under the African Growth and Opportunity Act (AGOA). The tariff increase could lead to a decline in…

Foreign Affairs Principal Secretary (PS) Korir Sing’oei has addressed a recent report by the Parliamentary Budget Office (PBO) that revealed Kenya has the highest electricity prices in East and Central Africa. Through a statement shared on social media, Sing’oei acknowledged that Kenya indeed leads in electricity costs but also highlighted that the country has the highest electricity access rate in the region. He explained that the high prices are largely due to the significant costs involved in constructing and maintaining Kenya’s extensive electricity infrastructure. However, he admitted that there might be inefficiencies in the system that, if corrected, could help…

Former Principal Secretary Irungu Nyakera has responded to critics after President William Ruto removed him from the board of the Kenyatta International Convention Centre (KICC) on Wednesday, April 2. Nyakera made it clear that he was unbothered by the decision, dismissing claims that he had suffered a major loss. “For the bloggers celebrating my removal from the KICC board, let me educate you,” Nyakera stated in a message. President Ruto revoked Nyakera’s appointment as part of a broader shake-up in government positions. His dismissal came at a time when he had started openly criticizing the government. A gazette notice published…

Majority Leader Kimani Ichung’wah encountered a rough reception after being heckled by a furious crowd while addressing them in the presence of President William Ruto on Thursday, April 3. Ichung’wah was among the high-ranking officials who accompanied President Ruto to Ol Kalou Town for the launch of the Last Mile Connectivity project. The event is part of the president’s ongoing efforts to commission state-funded projects across the Mt Kenya region. During Ruto’s speech, the residents of Nyandarua appeared to be relatively calm and attentive. However, the atmosphere changed drastically when Ichung’wah took the microphone. Videos reviewed by Newshub.co.ke show a…

Cryptocurrency loans have gained popularity among traders and investors seeking liquidity without selling their digital assets. However, the volatility of crypto markets presents a significant risk—liquidation. When the value of collateral drops below a certain threshold, lenders may liquidate assets to cover losses. To mitigate this risk, traders can use derivatives such as futures, options, and perpetual contracts. This article explores how derivatives can serve as a hedge against crypto loan liquidation. Understanding Crypto Loan Liquidation Crypto-backed loans allow borrowers to use digital assets as collateral. The lender sets a loan-to-value (LTV) ratio, meaning if the collateral’s value falls below…