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Blockchain-based solutions aim to address US disaster relief

Natural disasters in the United States are becoming more prevalent, resulting in increasing costs, a lack of transparency between state and government organizations and a slew of other issues impacting relief systems. 

The Pew Research Center found that the Federal Emergency Management Agency’s (FEMA) public assistance program spent 23% more on natural disasters between . . . → Read More: Blockchain-based solutions aim to address US disaster relief

Bitfinex donates 36 BTC to Salvadoran businesses to support economic development

Cryptocurrency exchange Bitfinex has donated 36 Bitcoin (BTC) and $600,000 worth of Tether (USDT) to small businesses in El Salvador as part of a broader pledge to support economic development in neighborhoods that have struggled with gang-related violence. 

The funds are being distributed in the socially-deprived communities of Ilopango, Soyapango and Apopa, where . . . → Read More: Bitfinex donates 36 BTC to Salvadoran businesses to support economic development

Bitcoin trading volumes post new high in Philippines peso on Paxful

Despite some level of regulatory uncertainty around cryptocurrency in the Philippines, one platform has recorded a massive influx of Bitcoin (BTC) trading activity recently.

Bitcoin trading volumes in the Philippines have been on the rise over the past few months on the major peer-to-peer (P2P) crypto exchange Paxful.

According to data from the Bitcoin . . . → Read More: Bitcoin trading volumes post new high in Philippines peso on Paxful

S&P 500 Dips on Poor JP Morgan & Morgan Stanley Earnings

SPX, MS, JPM Analysis and Talking Points US earnings season gets off to a weak start. JPM & MS Miss Expectations.

US earning season gets off to a weak start as the major US banks kick off proceedings. Both JP Morgan (JPM) and Morgan Stanley (MS) reported lower than expected financial figures for . . . → Read More: S&P 500 Dips on Poor JP Morgan & Morgan Stanley Earnings

Navigating EUR/USD Around Parity: Trade Setup and Levels Ahead of ECB

EUR/USD Analysis July 21st – crucial for the euro: ECB rate decision, eve of Nord Stream resumption EUR/USD range potential around parity as the psychological level holds, for now. IG Client Sentiment reaches extreme levels as trades attempt to call a bottom July 21st is a Crucial Date for the Euro

The 21st . . . → Read More: Navigating EUR/USD Around Parity: Trade Setup and Levels Ahead of ECB

Bitcoin fights key trendline near $20K as US dollar index hits new 20-year high

Bitcoin (BTC) found a new focus at just under $20,000 on July 14 as United States dollar strength hammered out yet another two-decade high.

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView DXY moves bring yen, euro into focus

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD rebounding from lows sparked by a fresh 40-year . . . → Read More: Bitcoin fights key trendline near $20K as US dollar index hits new 20-year high

CryptoPunk sells for $2.6M as big NFT brands floor prices increase

Despite a major decline in trading volume across the broader nonfungible token (NFT) market, a single CryptoPunk has sold for a whopping 2,500 Ether (ETH) which equates to a price tag of just over $2.6 million.

The $2.6 million transaction makes the sale of CryptoPunk 4464 — one of just 24 ape-themed CryptoPunks . . . → Read More: CryptoPunk sells for $2.6M as big NFT brands floor prices increase

How Bitcoin’s strong correlation to stocks could trigger a drop to $8,000

The Bitcoin (BTC) price chart from the past couple of months reflects nothing more than a bearish outlook and it’s no secret that the cryptocurrency has consistently made lower lows since breaching $48,000 in late March.

Bitcoin price in USD. Source: TradingView

Curiously, the difference in support levels has been getting wider as the . . . → Read More: How Bitcoin’s strong correlation to stocks could trigger a drop to $8,000

Price analysis 7/13: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, SHIB, LEO

The United States Consumer Price Index soared to 9.1% in June, exceeding expectations of an 8.8% rise year-on-year. Currently, the Fed funds futures point to an 81 basis points rate hike for July, suggesting that some participants anticipate a 100 basis points hike.

Several on-chain indicators have been pointing to a likely bottom in . . . → Read More: Price analysis 7/13: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, SHIB, LEO

Euro Forecast: Positives Few and Far Between – Setups for EUR/GBP, EUR/JPY, EUR/USD

Advertisement Euro Outlook: None of the major EUR-crosses suggest that the lows are in just yet, from a technical perspective. EUR/JPY rates have broken their multi-month uptrend, EUR/GBP rates have experienced a failed bullish breakout, and EUR/USD rates just touched parity. Per the IG Client Sentiment Index, EUR/JPY and EUR/USD rates have bearish . . . → Read More: Euro Forecast: Positives Few and Far Between – Setups for EUR/GBP, EUR/JPY, EUR/USD

3 reasons why Bitcoin is struggling to flip $20K to support

The positive gains recorded in the first ten days of July have all but disappeared on July 13 as Bitcoin (BTC) and the wider market slid back toward new yearly lows.

Subdued action in the market can be traced back to a variety of factors, ranging from July 13’s record-high Consumer Price Index print . . . → Read More: 3 reasons why Bitcoin is struggling to flip $20K to support

US CPI Smashes Estimates Placing USD/ZAR, USD/TRY Under Pressure

USD/ZAR, USD/TRY Talking Points: Has a hot US CPI print Solidified Another 75b/p Rate Hike?

Persistent inflation has jeopardized the demand for EM (emerging market) currencies with lockdowns in China and USD strength providing an additional catalyst for developing nations.

For the South African Rand (ZAR), falling commodity prices and a reduction . . . → Read More: US CPI Smashes Estimates Placing USD/ZAR, USD/TRY Under Pressure

DAX, DOW and FTSE Sink as CPI Jump Bolsters Fed Hike Bets

DAX 40:Selloff Continues Despite a Fall in Inflation Numbers. FTSE 100:Slumps as Upbeat GDP Cannot Override Lingering Recession Fears. DOW JONES:Tumbles on the Back of Red-Hot Inflation Numbers.

What is Earnings Season and What to Look for in Earnings Reports?

DAX 40: Selloff Continues Despite a Fall in Inflation Numbers

The . . . → Read More: DAX, DOW and FTSE Sink as CPI Jump Bolsters Fed Hike Bets

USD/CAD: Bank of Canada Hikes by 100 Basis Points

Bank of Canada, USDCAD – Talking Points Bank of Canada hikes by 0.75% as inflation remains elevated USDCAD spikes lower after lager-than-expected hike

The Bank of Canada elected to raise it’s benchmark interest rate by 1.00% as the central bank continues to battle rampant and historic inflation. This morning’s rate hike brings the . . . → Read More: USD/CAD: Bank of Canada Hikes by 100 Basis Points

Crypto City: The ultimate guide to Miami

Miami is fast becoming one of the major hubs in the crypto world with more and more blockchain companies moving to the city each year.

Miami famously plays host to the Bitcoin Conference each year, and digital assets have been embraced by the mayor and the wider population. Here’s your ultimate guide to the . . . → Read More: Crypto City: The ultimate guide to Miami

The search term ‘Bitcoin Crash’ is trending — Here’s why

Last year, the word “crypto” was trending all over the internet as the crypto market was generally flourishing. 

However, now it appears that the good fortunes of digital coins havee waned as cryptos have slipped into a serious bear market. Bloomberg recently reported that while the short-term investors wasted no time in dumping their . . . → Read More: The search term ‘Bitcoin Crash’ is trending — Here’s why

Bitcoin tanks on highest CPI data since 1981 as BTC price dips under $19K

Bitcoin (BTC) fell $800 in minutes on July 13 as the latest United States Consumer Price Index (CPI) data came in far ahead of estimates.

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Dollar smashes new 20-year highs on hot CPI

Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it dived under $19,000 minutes . . . → Read More: Bitcoin tanks on highest CPI data since 1981 as BTC price dips under $19K

Russell 2000 Index – Further Downhill Hiking Expected

Russell 2000 Index – 4 Hour Timeframe – July 13 2022

Source: TradingView, prepared by Zorrays Junaid

Elliott Wave Breakdown

As per the 4-hour time frame above the Russell 2000 is playing within an Elliott Wave Double Correction. It formed a new low which was subwave (i) of wave ((c)) . . . → Read More: Russell 2000 Index – Further Downhill Hiking Expected

MoonPay to make Web3 payments with Unstoppable Domains partnership

Unstoppable Domains has partnered with crypto payment firm MoonPay to incorporate nonfungible token (NFT) domains in transactions within the platform. With the collaboration, MoonPay users can send and receive digital assets using their domain names, eliminating the need to enter long and complicated wallet addresses. 

In an announcement sent to Cointelegraph, Ivan Soto-Wright, . . . → Read More: MoonPay to make Web3 payments with Unstoppable Domains partnership

Bitcoin circles $20K pre CPI amid warning Fed risks ‘blowing up’ economy

Bitcoin (BTC) rebounded from overnight lows on July 13 as markets nervously waited for United States inflation data.

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Countdown to “highly elevated” inflation reveal

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD climbing from $19,250 to $19,900 at the time of writing, up 3.3% on the . . . → Read More: Bitcoin circles $20K pre CPI amid warning Fed risks ‘blowing up’ economy

Ethereum price risks ‘bear flag’ breakdown, 20% drop against Bitcoin

Ethereum’s native token, Ether (ETH), is down nearly 40% against Bitcoin (BTC) since December 2021. But, even more pain is possible for the ETH/BTC pair in the coming weeks, based on a classic technical indicator.

Ethereum price risks technical breakdown

The ETH/BTC chart has been forming a bear flag since early June 2022 on the . . . → Read More: Ethereum price risks ‘bear flag’ breakdown, 20% drop against Bitcoin

Institutional investor sentiment about ETH improves as Merge approaches

Ether (ETH) prices may have dipped again on Wednesday, but there are signs that professional investors are warming to the asset as the highly anticipated Merge draws closer.

In its digital asset fund flows weekly report, fund manager CoinShares reported that Ether-based products saw inflows for the third consecutive week. There was an . . . → Read More: Institutional investor sentiment about ETH improves as Merge approaches

Nervos Network (CKB) price posts double-digit gain after Godwoken layer 2 launch

Positive price movement during bear markets are notoriously hard to come by due to the non-stop FUD of media and lackadaisical interest from crypto investors.

One crypto that managed to flash green on June 12 is the Nervos Network (CKB), an open blockchain protocol designed for universally accessible decentralized applications (DApps).

Data from . . . → Read More: Nervos Network (CKB) price posts double-digit gain after Godwoken layer 2 launch

3 key metrics suggest Bitcoin and the wider crypto market have further to fall

The total crypto market capitalization has fluctuated in a 17% range in the $840 billion to $980 billion zone for the past 28 days. The price movement is relatively tight considering the extreme uncertainties surrounding the recent market sell-off catalysts and the controversy surrounding Three Arrows Capital.

Total crypto market cap, USD billion. Source: . . . → Read More: 3 key metrics suggest Bitcoin and the wider crypto market have further to fall

3AC co-founder returns to Twitter, blames liquidators for “baiting”

Su Zhu, co-founder of Singapore-based crypto venture capital firm Three Arrows Capital (3AC), returned to Twitter after nearly a month of inactivity. In another cryptic tweet, he blamed liquidators for baiting them with respect to StarkWare tokens.

The tweet with attached mail from legal counsel claimed that Starkware equity had a token warrant . . . → Read More: 3AC co-founder returns to Twitter, blames liquidators for “baiting”

S&P 500 Marches Higher as Traders Prepare for Major Event Risk

S&P 500 – Talking Points S&P 500 slowly creeps higher toward 3900 US CPI data on Wednesday comes into focus BoC rate decision, PPI, & consumer sentiment data also on tap

The S&P 500 advanced on Tuesday as traders eagerly away Wednesday’s US CPI print. Following a tough Monday session that was dominated . . . → Read More: S&P 500 Marches Higher as Traders Prepare for Major Event Risk

Bitcoin (BTC) Treads Cautiously Ahead of US CPI – USD Strength Holds

Bitcoin Price Forecast: USD strength holds – strong employment data places US inflation in the spotlight, EM Currencies and equities fall Bitcoin fails to hold above $20,000, gloomy outlook reduces the appeal of cryptocurrency Price action remains within a well-defined range with Doji candles highlighting indecision. US CPI, Bitcoin and Interest Rates

The . . . → Read More: Bitcoin (BTC) Treads Cautiously Ahead of US CPI – USD Strength Holds

How to build a passive income stream from cloud mining?

Cloud mining is the process of mining cryptocurrency without the direct use of mining equipment or hardware. The process allows users to mine Bitcoin or altcoins without having to manage their own resources.

Related: What is an altcoin? A beginner’s guide to cryptocurrencies beyond Bitcoin

In traditional crypto mining, cryptocurrency is produced through a . . . → Read More: How to build a passive income stream from cloud mining?

‘Very small chance’ BTC price could hit $24K, says trader as US dollar cools

Bitcoin (BTC) fought to reclaim $20,000 on the July 12 Wall Street open as the U.S. dollar cooled its surge to new two-decade highs.

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Dollar bull run takes fresh breather

Data from Cointelegraph Markets Pro and TradingView revealed a tug-of-war between buyers and sellers following seven-day lows for . . . → Read More: ‘Very small chance’ BTC price could hit $24K, says trader as US dollar cools

Active vs Passive Investing: Top Stock Investing Tips

Active and passive investing has been at the forefront of financial debate in recent years. Experts and analysts have strong opinions on the topic but there is no debate that both parties have valid points to consider when tackling this sensitive subject. This article aims to provide the relevant information to equip . . . → Read More: Active vs Passive Investing: Top Stock Investing Tips

DAX, DOW and FTSE Slip as Investors Shelter in Havens

DAX 40:Lower as ZEW Economic Sentiment Disappoints. FTSE 100:Indecisive Despite Continued Decline in Retail Sales, PM Battle Heats Up. DOW JONES:Down as Earnings Season Comes into Focus.

Equities Q3 2022 Forecast

DAX 40: Lower as ZEW Economic Sentiment Disappoints

The Dax remains pressured in a broad China-covid driven risk move alongside . . . → Read More: DAX, DOW and FTSE Slip as Investors Shelter in Havens

Bitcoin price indicator that marked 2015 and 2018 bottoms is flashing

Bitcoin (BTC) could undergo a massive price recovery in the coming months, based on an indicator that marked the 2015 and 2018 bear market bottoms.

What’s the Bitcoin Pi Cycle bottom indicator? 

Dubbed “Pi Cycle bottom,” the indicator comprises a 471-day simple moving average (SMA) and a 150-period exponential moving average (EMA). Furthermore, the . . . → Read More: Bitcoin price indicator that marked 2015 and 2018 bottoms is flashing

Bitcoin miner prices will continue to fall, F2Pool exec predicts

The price of cryptocurrency mining hardware is likely to continue falling in the near future amid the ongoing crypto winter, according to an executive at major Bitcoin (BTC) mining pool F2Pool. 

Supporting 14.3% of the BTC network, F2Pool is one of the world’s biggest Bitcoin mining pools. On Tuesday, F2Pool released its latest mining industry . . . → Read More: Bitcoin miner prices will continue to fall, F2Pool exec predicts

Ethereum co-founder responds to PoS critics amid upcoming Merge

While some believe that Ethereum’s upcoming shift to proof-of-stake (PoS) may push the platform to eventually surpass Bitcoin (BTC), others are taking this opportunity to make snarky remarks on Twitter, triggering a rebuttal from Vitalik Buterin, a co-founder of Ethereum. 

In a tweet, Bitcoiner Nick Payton called out “Proof of Stakers” and argued that . . . → Read More: Ethereum co-founder responds to PoS critics amid upcoming Merge

USD/JPY Price Outlook: US & Japan to Address FX Moves, USDJPY at 24-Year High

USD/JPY News and Analysis US, Japan agree to work together to address undesirable FX Volatility (G20 meeting on Friday and Saturday) Key USD/JPY technical levels ahead of US CPI data tomorrow Major Risk Events: US CPI, retail sales and Michigan consumer sentiment US, Japan Agree to Address Undesirable FX Volatility

On Tuesday, U.S. . . . → Read More: USD/JPY Price Outlook: US & Japan to Address FX Moves, USDJPY at 24-Year High

Bitcoin price hits 7-day low as US warns of ‘highly elevated’ CPI data

Bitcoin (BTC) carried through threats of new local lows on July 12 as the White House warned of “highly elevated” inflation.

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView White House warns ahead of “decisive day”

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD approaching $19,500 prior to the Wall Street open, down over . . . → Read More: Bitcoin price hits 7-day low as US warns of ‘highly elevated’ CPI data

Lido DAO price moves higher as the Ethereum Merge moves a step closer to completion

The upcoming Ethereum (ETH) Merge is one of the most talked-about developments in the cryptocurrency ecosystem as the world’s second-largest cryptocurrency by market cap undergoes the difficult transition from proof-of-work (PoW) to proof-of-stake (PoS). 

One protocol whose fate is largely tied to the successful completion of the Merge is Lido DAO (LDO), a liquid . . . → Read More: Lido DAO price moves higher as the Ethereum Merge moves a step closer to completion

Price analysis 7/11: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, SHIB, AVAX

The United States dollar index (DXY) resumed its strong uptrend on July 11, indicating that investors are preparing for the July 13 CPI report to be hotter than expected. A survey of economists by Bloomberg estimates that in June consumer prices surged to 8.8%, a four-decade high.

Arthur Hayes, the former CEO of derivatives trading platform . . . → Read More: Price analysis 7/11: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, SHIB, AVAX

FX Week Ahead – Top 5 Events: Eurozone Economic Sentiment; UK GDP; US Inflation Rate; BOC Rate Decision; Australia Jobs Report

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Advertisement FX Week Ahead Overview: The Bank of England’s concerns about UK growth will soon be realized, as the upcoming UK GDP report is expected to show no growth for the three months through May. The June US inflation rate (CPI) report will give the ammunition the Federal Reserve . . . → Read More: FX Week Ahead – Top 5 Events: Eurozone Economic Sentiment; UK GDP; US Inflation Rate; BOC Rate Decision; Australia Jobs Report

EUR/USD Slumps and Flirts with Parity on EU Energy Crisis; US Inflation Data Eyed

EUR/USD OUTLOOK: EUR/USD sinks on Monday, hitting its lowest level in nearly two decades and flirting with exchange parity Fears that Russia may indefinitely shut down gas supplies to the European Union appears to be one of the main bearish drivers for euro June U.S. CPI data will steal the limelight this week. The . . . → Read More: EUR/USD Slumps and Flirts with Parity on EU Energy Crisis; US Inflation Data Eyed

Despite ‘worst bear market ever,’ Bitcoin has become more resilient, Glassnode analyst says

While the current bear market may be the worst on record, on-chain metrics signal that the Bitcoin (BTC) network is becoming increasingly resilient, said Glassnode analyst James Check during a recent interview with Cointelegraph. 

In particular, Check refers to the amount of Bitcoin holders who don’t sell even in extreme market conditions, which . . . → Read More: Despite ‘worst bear market ever,’ Bitcoin has become more resilient, Glassnode analyst says

Bitcoin risks new lows as $20K looms amid dollar euro parity

Bitcoin (BTC) headed for $20,000 after the July 11 Wall Street open amid fresh warnings to “prepare for new lows.”

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView $20,300 eyed as next support zone to hold

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD failing to recover losses that had immediately followed the weekly . . . → Read More: Bitcoin risks new lows as $20K looms amid dollar euro parity

S&P 500 Under Pressure as Evening Star Formation Starts to Build

S&P 500 – Talking Points S&P 500 begins week on the backfoot, rallies above 3900 continue to fail Evening star on the daily chart paints ominous picture for S&P 500 The analysis contained in article relies on price action and chart formations. To learn more about price action or chart patterns, check out our . . . → Read More: S&P 500 Under Pressure as Evening Star Formation Starts to Build

Gold Price Forecast: Gold Breaks Down to Key Support – CPI on Deck

Gold Talking Points: Gold prices have pushed down to key support at 10-month lows. USD strength, as driven by inflation has been a strong theme of late and that’s helping to drive the move in Gold – this week brings a CPI print out of the US on Wednesday and this could produce some . . . → Read More: Gold Price Forecast: Gold Breaks Down to Key Support – CPI on Deck

PoS gives Ethereum the economic structure to overtake Bitcoin, says DeFi researcher

As Ethereum shifts into proof-of-stake (PoS), a decentralized finance (DeFi) researcher has argued that the platform can overtake Bitcoin’s (BTC) throne as the top dog in crypto. 

In a Twitter thread, researcher Vivek Raman highlighted that the upcoming Ethereum Merge could create a better economic structure for the smart contract platform. According to . . . → Read More: PoS gives Ethereum the economic structure to overtake Bitcoin, says DeFi researcher

EUR/USD Update: Nord Stream Goes Offline, EURUSD Attempts Parity

EUR/USD News and Analysis Germany’s biggest single gas pipeline shuts off for routine maintenance Key EUR/USD technical levels ahead of the next push towards parity Major risk events: US CPI, Retail Sales and Germany CPI Advertisement Germany’s Biggest Single Gas Pipeline Shut off for Maintenance

The much-awaited day has arrived – Nord Stream . . . → Read More: EUR/USD Update: Nord Stream Goes Offline, EURUSD Attempts Parity

Crypto needs regulation to mitigate risks, says Bank of England exec

Bank of England (BoE) deputy governor for financial stability, Jon Cunliffe, recommended forming a set of regulations — similar to conventional financial systems — to tackle risks within the cryptocurrenc ecosystem while improving investor confidence. 

Speaking at a press conference, Cunliffe highlighted the recent downfall of the Terra ecosystem, pointing out that cryptocurrencies that . . . → Read More: Crypto needs regulation to mitigate risks, says Bank of England exec

Ethereum’s failure to close above $1.3K prompts analysts to predict more downside

The Ethereum network moved one step closer to completing its transition to proof-of-stake (PoS) this week after the successful completion of its second-to-last major Merge trial on the Sepolia public test network.

Data from Cointelegraph Markets Pro and TradingView shows that following the Sepolia Merge on July 6, the price of Ether (ETH) rallied to a . . . → Read More: Ethereum’s failure to close above $1.3K prompts analysts to predict more downside

Markets Week Ahead: Nasdaq 100, Dow Jones, US Dollar, Gold, CPI, Canadian Dollar, BoC

Market sentiment improved this past week, with information technology shares leading the way. On Wall Street, the Nasdaq 100 gained 4.71% while Dow Jones futures gained just 0.87%. Things were also looking good elsewhere. In Europe, the DAX 40 gained 1.58% while the Euro Stoxx 50 pushed forward 1.69%. Meanwhile, Japan’s Nikkei 225 . . . → Read More: Markets Week Ahead: Nasdaq 100, Dow Jones, US Dollar, Gold, CPI, Canadian Dollar, BoC

Bitcoin eyes best weekly gains in 3 months as BTC price slips below $21K

Bitcoin (BTC) hit three-day lows into the July 10 weekly close as $21,000 gave way as short-term support.

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Trader eyes bullish divergences across markets

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD giving up some of its gains from earlier in the week while still looking . . . → Read More: Bitcoin eyes best weekly gains in 3 months as BTC price slips below $21K

6 Questions for Rene Reinsberg of Celo

We ask the buidlers in the blockchain and cryptocurrency sector for their thoughts on the industry… and throw in a few random zingers to keep them on their toes!

This week, our 6 Questions go to  Rene Reinsberg, a co-founder of Celo, an open platform that makes financial tools accessible to anyone with . . . → Read More: 6 Questions for Rene Reinsberg of Celo

Stock Market Week Ahead: S&P 500 & DAX 40 Forecast

S&P 500, FTSE 100 Analysis and News S&P 500 | All or Nothing on US CPI DAX 40 |Concerns Over Russia Turning Back On Gas Flows S&P 500 | All or Nothing on US CPI

Equity markets have kicked off H2 on the front foot with the S&P 500 on course to record . . . → Read More: Stock Market Week Ahead: S&P 500 & DAX 40 Forecast

Your crypto wallet is the key to your Web3 identity

Digital identity has been a fraught subject since the earliest days of the internet. Web2 bridged the gap between people’s offline lives, online identities, and creative and consumer habits, which has given way to a thoroughly integrated internet experience designed to be as personalized and targeted as possible. As a new phase of virtual . . . → Read More: Your crypto wallet is the key to your Web3 identity

BTC bull Michael Saylor: Ethereum is ‘obviously’ a security

MicroStrategy CEO and Bitcoin (BTC) bull Michael Saylor said that Ethereum (ETH) is ‘obviously’ a security as he doubled down on labeling BTC as the only commodity in the crypto sector.

In an interview with Altcoin Daily, Saylor was questioned on his take regarding the classification of both BTC and ETH as commodities by . . . → Read More: BTC bull Michael Saylor: Ethereum is ‘obviously’ a security

USD/CAD Rate Outlook Hinges on Bank of Canada (BoC) Rate Decision

Canadian Dollar Talking Points

USD/CAD extends the series of lower highs and lows from the yearly high (1.3083) even as Canada’s Employment report shows an unexpected decline in job growth, and the exchange rate may face a larger correction ahead of the Bank of Canada (BoC) interest rate decision as the central bank . . . → Read More: USD/CAD Rate Outlook Hinges on Bank of Canada (BoC) Rate Decision

US dominates crypto ATMs installations and BTC hash rate worldwide

Despite the myriads of state and federal regulatory hurdles faced by crypto businesses in the region, the United States plays a major role in preserving the Bitcoin (BTC) and crypto ecosystem. With China moving out of the picture following a permaban on crypto, the United States maintains the top position in terms of hash . . . → Read More: US dominates crypto ATMs installations and BTC hash rate worldwide

Crypto, like railways, Part 2: Blockchain as the new internet planner

In my latest article “Crypto, like railways, is among the world’s top innovations of the millennium,” I compare the blockchain revolution to the railway boom. If we apply this analogy further, what’s going to happen next?

Stuart Hylton in his book What the Railways Did for Us: The Making of Modern Britain cites this . . . → Read More: Crypto, like railways, Part 2: Blockchain as the new internet planner

EUR/USD Fundamental Forecast: Parity in Reach as Headwinds Accrue

Euro Fundamental Forecast: Bearish Germany records first trade deficit in 30 years as imported energy prices take hold Is the ECB too late to hike rates and Germany’s main gas pipeline to undergo routine maintenance from next week Major risk events: ZEW sentiment, US CPI, retail sales data and Michigan consumer sentiment Fundamental Headaches . . . → Read More: EUR/USD Fundamental Forecast: Parity in Reach as Headwinds Accrue

Bitcoin tourists exit the market, Peter Schiff’s bank closes down and Voyager to restructure: Hodler’s Digest, July 3-9

Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link.

Top Stories This Week Peter Schiff’s bank closure strengthens Bitcoin case for financial . . . → Read More: Bitcoin tourists exit the market, Peter Schiff’s bank closes down and Voyager to restructure: Hodler’s Digest, July 3-9

US Dollar Forecast: June US Inflation Data Could Reinforce DXY’s Bullish Momentum

US DOLLAR OUTLOOK: BULLISH The U.S. dollar, measured by the DXY index, rallies in the week and trades near multi-year highs heading into the weekend The near-term outlook remains bullish for the greenback June U.S. inflation data next week could be a positive catalyst for Treasury rates and the DXY index

Most Read: . . . → Read More: US Dollar Forecast: June US Inflation Data Could Reinforce DXY’s Bullish Momentum

Not all investments lose value equally: A recovery period for digital assets

When investing in financial markets, people often underestimate the possibility that, over a period of time, the investment may lose its value, and it will take time to recover temporary losses. The deeper the loss becomes, the more energy required to recover the losses increases out of proportion. If I invest $100 and lose . . . → Read More: Not all investments lose value equally: A recovery period for digital assets

NFTs become physical experiences as brands offer in-store minting

Nonfungible tokens (NFTs) have taken the world by storm over the last year. Digital collectibles that were characterized solely as CryptoKitties in 2017 have since evolved into famous pieces of art, digitized music, high-end fashion for the Metaverse and a way for communities to connect with others across the globe. 

Even with the current . . . → Read More: NFTs become physical experiences as brands offer in-store minting

Bitcoin ‘cheap’ at $20K as BTC price to wallet ratio mimics 2013

Bitcoin (BTC) has not been this good value since it cost $1,130, one analyst argues as BTC offers a “compelling” risk/reward ratio.

In a Twitter thread on July 7, Jurrien Timmer, director of global macro at asset manager Fidelity Investments, simply described $20,000 Bitcoin as “cheap.”

Timmer: “In other words, Bitcoin is cheap”

While . . . → Read More: Bitcoin ‘cheap’ at $20K as BTC price to wallet ratio mimics 2013

Global GPU price drops to compensate for falling Bitcoin mining revenue

As a direct result of falling Bitcoin (BTC) prices, total revenue earned by miners in transaction fees and mining rewards dropped to its one-year lows at nearly $15 million on July 4. However, a concurrent fall in graphic cards or GPU prices is set to help miners offset their operational costs amid an ongoing . . . → Read More: Global GPU price drops to compensate for falling Bitcoin mining revenue

What the dot-com bust can teach us about the crypto crash

The economist Benjamin Graham, known to some as the father of value investing, once compared the market to a voting machine in the short run and a weighing machine in the long run. While Graham likely would have been skeptical at best about crypto and its built-in volatility had he lived to see it, . . . → Read More: What the dot-com bust can teach us about the crypto crash

Bitcoin (BTC), Ethereum (ETH) Forecasts – Grinding Higher in Quiet Conditions

Bitcoin (BTC), Ethereum (ETH) Charts and Analysis: Bitcoin makes a failed attempt at $22.5k in quiet market conditions. Ethereum edging higher but off a low base.

Another fairly quiet week in the cryptocurrency space with most coins trading in a well-defined short term range. Bitcoin has been trading either side of $20k for . . . → Read More: Bitcoin (BTC), Ethereum (ETH) Forecasts – Grinding Higher in Quiet Conditions

Deconstructing sidechains — The future of Web3 scalability

By far, the innovation with the most impact in the Web3 world this year is the sidechain. The highest-volume blockchain providers in the world — Binance, Polygon, Ankr and Avalanche — have all recently released sidechain functionality. They are investing hundreds of millions into these new implementations — and with good reason.

Sidechains are . . . → Read More: Deconstructing sidechains — The future of Web3 scalability

Australian Dollar Outlook: Low for Longer Keeps the Good Times Rolling

AUSTRALIAN DOLLAR FORECAST: NEUTRAL The Australian Dollar remains hostage to external factors for now RBA rate hikes arrive and exporters revel in prime trade conditions An aggressively hawkish Fed presents risks. Will China’s stimulus rescue sentiment?

The Australian Dollar has had another week of ups and downs as the machinations of global markets . . . → Read More: Australian Dollar Outlook: Low for Longer Keeps the Good Times Rolling

2 key Ethereum derivatives metrics suggest that $880 was ETH’s bottom

Ether (ETH) price is up 16% since July 1 and has outperformed Bitcoin (BTC) in the last 7 days. The move could be partially driven by investors clinging to their hopes that the Ethereum network transition to proof-of-stake (PoS) consensus will be a bullish catalyst.

The next steps for this smart contract involve “the . . . → Read More: 2 key Ethereum derivatives metrics suggest that $880 was ETH’s bottom

5 events that could put an end to the current crypto bear market

Much to the chagrin of cryptocurrency investors across the ecosystem, the bear market has officially set in and brought with it devastating price collapses that have left relatively few unscathed. 

As the popular topic of conversation now centers on bearish predictions of how low Bitcoin (BTC) will go and how long this iteration . . . → Read More: 5 events that could put an end to the current crypto bear market

Price analysis 7/8: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, SHIB, AVAX

Bitcoin (BTC) rallied to the 200-week moving average on July 8, a level that could act as a battleground between the bulls and the bears. Several analysts are watching this level because a break and close above it could be the first sign that the bear market may be ending.

Bloomberg senior commodity strategist Mike McGlone . . . → Read More: Price analysis 7/8: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, SHIB, AVAX

Crypto Latest: BTC/USD Boosted by Key Levels, Can Uptrend Hold?

Bitcoin, crypto Talking Points: Bitcoin breaks $20,000 despite a positive NFP reading $22,000 Remains as key psychological resistance Will a break of technical resistance allow BTC/USD to climb higher?

Cryptocurrency has taken a beating this year as fundamental factors remain the prominent drivers of price action.

While the crypto industry has experienced . . . → Read More: Crypto Latest: BTC/USD Boosted by Key Levels, Can Uptrend Hold?

British Pound (GBP) Weekly Forecast: NFP Beat Sets Up GBP for Further Downside

POUND STERLING TALKING POINTS UK politics bring brief relief for GBP. Spotlight on UK GDP and U.S. CPI next week. Price action favors downside bias. Advertisement GBP/USD FUNDAMENTAL BACKDROP

The reprieve that pound sterling has received from the resignation of Prime Minister Boris Johnson may be short-lived as the lingering woes present within . . . → Read More: British Pound (GBP) Weekly Forecast: NFP Beat Sets Up GBP for Further Downside

DAX, DOW and FTSE Choppy as Positive Jobs Report Boosts Hopes of a Soft Landing

DAX 40:Higher as Psychological Level Halts Gains. FTSE 100:Lower as Markets Digest Political Turmoil and Recession Fears. DOW JONES: Flat as US Jobs Report Exceeds Expectations.

Equities Q3 2022 Forecast

DAX 40: Higher as Psychological Level Halts Gains

The Dax traded lower in European trade before recovering to post gains of . . . → Read More: DAX, DOW and FTSE Choppy as Positive Jobs Report Boosts Hopes of a Soft Landing

The risks and benefits of VCs for crypto communities

Traditional venture capital funds drive valuations through multiple funding rounds. Startups aim for initial public offerings or other exits. Then the sharemarket decides upon a more realistic valuation. 

But in cryptoland, tokens introduce market capitalization while a company is being built.

This means there are a lot of competing interests and agendas. Token sales . . . → Read More: The risks and benefits of VCs for crypto communities

This ‘biblical’ Bitcoin pattern suggests BTC price can rise 30% by October

Bitcoin (BTC) may be down 70% from its November 2021 peak, but its rebound move in the past three weeks is raising the possibility of more upside in Q3.

Bitcoin eyes 30% price rally

At the core of the bullish argument is a technical pattern called the “Adam-and-Eve double bottom.”

Notably, the structure . . . → Read More: This ‘biblical’ Bitcoin pattern suggests BTC price can rise 30% by October

Mind games: Bitcoin education at an escape room in Lebanon

Bitcoin (BTC) sets people free. At least, that was the story at Lebanon’s first Bitcoin-themed escape room in Beirut. 

Lebanese Bitcoiners from the group Bitcoin du Liban took on the latest Bitcoin education challenge — Bitcoin Escape the System. The best part? The team of four snuck out of the escape room in the fastest . . . → Read More: Mind games: Bitcoin education at an escape room in Lebanon

June Jobs Report – US Economy Adds 372,000 Payrolls, Unemployment Rate at 3.6%

US JUNE JOBS REPORT KEY POINTS: U.S. employers add 372,000 payrolls in June, above expectations of a gain of 268,000 jobs The unemployment rate holds steady at 3.6%, in line with market forecasts Average hourly earnings advances 0.3% on a monthly basis, bringing the annual figure to 5.1% from 5.3% in May

Most . . . → Read More: June Jobs Report – US Economy Adds 372,000 Payrolls, Unemployment Rate at 3.6%

Equities Q3 2022 Forecast: Bearish Momentum Remains Amid Rising Recession Risks

Our Q2 forecast for equities had centred around a mentality shift from a “buy the dip bias” to a “sell the rip” with the Federal Reserve and central banks alike in a tightening overdrive to fight inflation pressures. Consequently, with inflation yet to have peaked and the Fed raising interest rates in 75bps . . . → Read More: Equities Q3 2022 Forecast: Bearish Momentum Remains Amid Rising Recession Risks

Bitcoin Bullish, Euro Selling Relentless, Trading NFP

NFP, EUR/USD, Bitcoin Analysis and Talking Points Markets Positioned For Weaker NFP Report Time To Go Bullish Bitcoin?

First and foremost, my heartfelt condolences to the family, friends and supporters of Former Japanese PM Shinzo Abe. At the time of writing, it has been confirmed that the Former PM has died after being . . . → Read More: Bitcoin Bullish, Euro Selling Relentless, Trading NFP

Bitcoin price builds best weekly candle since March despite new DXY peak

Bitcoin (BTC) is on track for its biggest weekly gains since March, but not everyone is convinced that good times will last.

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Crypto sentiment highest since early May

Data from Cointelegraph Markets Pro and TradingView shows that at the time of writing, BTC/USD is up over $2,000 . . . → Read More: Bitcoin price builds best weekly candle since March despite new DXY peak

Crude Oil Update: Brent Grapples With Rampant Dollar While Supply Concerns Remain

BRENT CRUDE OIL (LCOc1) ANALYSIS Demand-side factors bolstered by potential Chinese stimulus package. Kazakhstan oil flows could be disrupted. NFP in focus as dollar looks unstoppable. BRENT CRUDE OIL FUNDAMENTAL BACKDROP

Brent crude oil remains above the $100/barrel mark after yesterday’s announcement that China plans to stimulate its economy via a large stimulus . . . → Read More: Crude Oil Update: Brent Grapples With Rampant Dollar While Supply Concerns Remain

EUR/USD Parity Within Touching Distance as USD Surges Ahead of NFP

EUR/USD Analysis Euro selling surges ahead of NFP data print later today EUR/USD key technical levels analyzed Main risk events: US NFP, retail sales, Uni of Michigan consumer sentiment and CPI inflation Advertisement Euro Selling Picks up Ahead of NFP Data

The euro continues to sell-off into the weekend as the bearish trend . . . → Read More: EUR/USD Parity Within Touching Distance as USD Surges Ahead of NFP

Reddit announces new blockchain-backed ‘Collectible Avatars’

Content aggregation, ranking and discussion website Reddit announced a new blockchain-backed avatar system on Thursday. Though no official date was revealed, the company suggested that the avatars will be available to the general public in the next few weeks. For now, Reddit is providing first-look early access to a limited number of people . . . → Read More: Reddit announces new blockchain-backed ‘Collectible Avatars’

Survey shows 55% of crypto investors chose to HODL as Bitcoin and altcoin prices collapsed

Crypto and equities markets are down, and aside from the positive news of Celsius repaying all of their debt and avoiding a massive liquidation, there are few on-the-spot reasons that are prompting investors to buy Bitcoin (BTC) and altcoins.

The collapse of numerous decentralized finance (DeFi) protocols, crypto investment funds and BTC trading 60% below its . . . → Read More: Survey shows 55% of crypto investors chose to HODL as Bitcoin and altcoin prices collapsed

Another miner cashes in: Argo Blockchain reports selling 637 BTC to pay debts

Argo Blockchain has joined crypto mining firms including Bitfarms, Core Scientific, and Riot Blockchain in selling part of its Bitcoin holdings.

In a Thursday blog post, Argo said it sold 637 Bitcoin (BTC) in June for an average price of $24,500 — roughly $15.6 million. The company planned to use the funds to . . . → Read More: Another miner cashes in: Argo Blockchain reports selling 637 BTC to pay debts

British Pound Outlook: GBP/USD Up as Traders Look Past UK Political Turmoil. Now What?

BRITISH POUND KEY POINTS: GBP/USD rises after UK Prime Minister Boris Johnson announces his resignation Although political uncertainty may cause volatility from time to time, it is unlikely to become the main driver of sterling in the short term The Bank of England’s monetary policy and the UK macroeconomic outlook should be more relevant . . . → Read More: British Pound Outlook: GBP/USD Up as Traders Look Past UK Political Turmoil. Now What?

US-Crude-Oil-and-Copper-Rebound-Amid-Hopes-of-Chinese-Stimulus-

Copper, US Crude (WTI) Oil, Talking Points: Copper rebounds from 20-month low but CCI remains in oversold territory. Crude Oil (WTI) climbs above $100 despite rising inventories Commodity prices remain vulnerable to changes in monetary policy and rising recession fears Copper Bounces Off Support Amid Hopes of Chinese Stimulus

Commodities are trading higher . . . → Read More: US-Crude-Oil-and-Copper-Rebound-Amid-Hopes-of-Chinese-Stimulus-

S&P 500 Looks to Extend Recent Gains Ahead of NFPs

S&P 500 – Talking Points S&P 500 looks to reclaim 3900 as earnings season comes into view Fed minutes reaffirm Fed’s intended hawkish path to combat inflation WTI up by 5% pushes struggling energy sector higher

The S&P 500 built on recent gains on Thursday, as risk broadly advanced during the New York . . . → Read More: S&P 500 Looks to Extend Recent Gains Ahead of NFPs

Bitcoin faces Mt. Gox ‘black swan’ as trustee prepares to unlock 150K BTC

Bitcoin (BTC) faces a new selling threat in the near future as users of defunct exchange Mt. Gox prepare to get their BTC back.

In fresh correspondence dated July 6, attorney Nobuaki Kobayashi, appointed trustee in the Mt. Gox rehabilitation process, confirmed that he was “preparing to make repayments” to account holders.

Cash, Bitcoin . . . → Read More: Bitcoin faces Mt. Gox ‘black swan’ as trustee prepares to unlock 150K BTC

What is SolScan and how to use it?

When you are looking for information about certain transactions or tokens on the Solana blockchain, SolScan is the tool to use for this purpose. This tool is trusted by many venture capitalists, such as Solana Ventures and Alameda Research. In addition, there are over 2 million monthly users, totaling over 180 million data requests.

. . . → Read More: What is SolScan and how to use it?

The Moscow Exchange is a good base for crypto trading, Russian lawmaker says

Russia continues sending mixed messages about the legal status of cryptocurrency, with a parliament official urging the launch of crypto trading on the country’s largest stock exchange.

The Moscow Exchange (MOEX) is the best match for hosting a regulated crypto exchange in Russia, according to Anatoly Aksakov, head of the Russian Banking Association . . . → Read More: The Moscow Exchange is a good base for crypto trading, Russian lawmaker says

Bitcoin price clings to $20K as Bollinger Bands close in for volatility

Bitcoin (BTC) said “no” to volatility for a third day on July 7 as Wall Street trading began with little change in mood.

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Next move “likely sets direction going forward”

Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it fluctuated just north of $20,000, retaining . . . → Read More: Bitcoin price clings to $20K as Bollinger Bands close in for volatility

Playing it louder: Companies bring music licensing to the blockchain

While critics use the bear market as an opportunity to pounce on crypto and belittle its value, some projects take this chance to develop and launch industry-disrupting platforms on the blockchain. 

In July, firms launched or revealed their intentions to construct blockchain-based music licensing platforms that aim to change the way songs are . . . → Read More: Playing it louder: Companies bring music licensing to the blockchain

DAX, DOW and FTSE March Higher as Constructive Risk Sentiment Prevails

DAX 40:Gains as German Industrial Production Scraped Higher. FTSE 100:Marches Higher with PM Boris Johnson Resigning. DOW JONES:Edges Higher as Investors Digest FOMC Minutes. DAX 40: Gains as German Industrial Production Scraped Higher

The Dax recorded gains in European trade as the latest data showed Germany’s industrial output scraped higher in May. . . . → Read More: DAX, DOW and FTSE March Higher as Constructive Risk Sentiment Prevails

Powers On… Summer musings after two particularly bad months in cryptoland

This column’s goal has never been to provide investment advice on cryptocurrencies or other digital assets, nor has it been to provide individualized legal advice. It has mostly been about my desire to freely set forth in writing my thoughts on the state of the crypto market and the legal affairs surrounding it.

Powers . . . → Read More: Powers On… Summer musings after two particularly bad months in cryptoland

Ethereum 2.0 stakers face a 36.5% larger loss than ETH spot investors — Report

Ethereum investors who staked millions of dollars worth of Ether (ETH) tokens to become validators on its soon-to-launch proof-of-stake (PoS) network are now facing heavy paper losses.

Ether spot traders outperform stakers by 36.5%

In detail, investors have locked a little over 13 million ETH into the so-called Ethereum 2.0 smart contract since it . . . → Read More: Ethereum 2.0 stakers face a 36.5% larger loss than ETH spot investors — Report

BREAKING: Boris Johnson Resigns as Prime Minister, What Next?

Boris Johnson, GBP/USD, Analysis and News Boris Johnson Resigns, Will Serve Until New Leader is in Place Timeline of Leadership Contest to be Announced Next Week UK Assets See Muted Response as Macro Outlook Remains Key

Boris Johnson confirms that he will step down as Prime Minister following a wave of resignations within . . . → Read More: BREAKING: Boris Johnson Resigns as Prime Minister, What Next?

Ethereum testnet Merge mostly successful — ‘Hiccups will not delay the Merge.’

Ethereum has now completed its second-to-last major Merge trial on the public test network Sepolia, paving the way for its transition to the proof-of-stake (PoS) consensus mechanism.

While it’s been judged mostly a success, it was not incident free.

The final trial of the Merge is set to occur on the Goerli network . . . → Read More: Ethereum testnet Merge mostly successful — ‘Hiccups will not delay the Merge.’

Price analysis 7/6: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, SHIB, LEO

Bitcoin (BTC) is attempting to rise above the psychological level of $20,000 on July 6, a sign that bulls are trying to stall the brutal bear market. The retail traders are making the most of the current fall and are on a buying spree. Proof of this comes from Glassnode data, showing that wallets . . . → Read More: Price analysis 7/6: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, SHIB, LEO