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Ethereum price flash crashes to $950 on Uniswap as whale dumps 93K ETH

Ethereum’s native token Ether (ETH) fell to as low as $950 on Uniswap—a decentralized crypto exchange— this June 13, about 20% lower than its spot rate across other exchanges.

ETH/USD hourly price chart. Source: Uniswap Over $130M ETH sold in six hours

The incident happened at around 3:00 am UTC after a whale dumped . . . → Read More: Ethereum price flash crashes to $950 on Uniswap as whale dumps 93K ETH

Bitcoin analysts are watching these BTC price levels as key trendline looms

Bitcoin (BTC) is trading at its lowest since mid-December 2020 on June 13, but the bottom could be anywhere.

As the weekend sell-off intensifies, BTC/USD has now broken below its realized price for the first time since March 2020, data from Cointelegraph Markets Pro and TradingView confirms.

Bitcoin clings to realized price

At around $23,400, . . . → Read More: Bitcoin analysts are watching these BTC price levels as key trendline looms

Can the Optimism blockchain win the battle of the rollups?

Ethereum is plagued with criticisms of its less than optimal scaling capabilities and high gas prices. There have been talks about increasing the scaling capacity of the Ethereum mainnet for a while now. 

However, the Ethereum ecosystem needs a solution for scaling right now, and if Ethereum is not able to give these . . . → Read More: Can the Optimism blockchain win the battle of the rollups?

S&P 500, Nasdaq 100 Drive in to 'Bear Market' Territory Ahead of the Fed

S&P 500, Nasdaq 100 Talking Points: I had looked at U.S. equities in this week’s technical forecast and as shared there, the picture isn’t pretty. Bears have come back in a big way in U.S. equities ahead of the Wednesday FOMC rate decision. Perhaps the most bullish thing going at the moment is just . . . → Read More: S&P 500, Nasdaq 100 Drive in to 'Bear Market' Territory Ahead of the Fed

DAX 40, DOW JONES, FTSE 100 Outlook: Talking Points, Analysis and Charts

DAX 40: Market sentiment drags DAX lower FTSE 100: UK growth slumps, BOE comes into focus DOW JONES: US Inflation sparks sell-off, Fed Meeting eyed DAX 40: Market Sentiment drags DAX further down

European Equities opened lower this morning with any hopes of plateauing inflation wildly off the mark. This follows the . . . → Read More: DAX 40, DOW JONES, FTSE 100 Outlook: Talking Points, Analysis and Charts

How to survive in a bear market? Tips for beginners

Usually, bear markets bring about a feeling of uncertainty in any investor. Even more so for a newcomer, for whom it can feel like the end of the world. It may even be common knowledge that during bull cycles, investors are sure of making gains. Whereas in bear markets such as this, an unimaginable . . . → Read More: How to survive in a bear market? Tips for beginners

Binance suspends Bitcoin withdrawals — CZ says funds are ‘SAFU’

Crypto’s Black Monday continues to wreak havoc. Changpeng “CZ” Zhao, CEO of crypto exchange Binance, tweeted that there would be a temporary pause on Bitcoin (BTC) withdrawals.

Temporary pause of $BTC withdrawals on #Binance due to a stuck transaction causing a backlog. Should be fixed in ~30 minutes. Will update.

Funds . . . → Read More: Binance suspends Bitcoin withdrawals — CZ says funds are ‘SAFU’

In this together: Musk and Saylor down a combined $1.5B on Bitcoin buys

As the bear market bites, holding crypto investments can be a tough pill to swallow. Consider two of the largest bag holders of publicly traded companies. They are down by almost $2 billion dollars on their Bitcoin (BTC) buys. 

According to Bitcointreasuries.net, the 130,000 and 43,00 Bitcoin held by Microstrategy and Tesla, respectively, are worth . . . → Read More: In this together: Musk and Saylor down a combined $1.5B on Bitcoin buys

Tether: Celsius crisis has no impact on USDT reserves

The ongoing crisis of Celsius’s native token has nothing to do with the stablecoin provider Tether and will not impact its USDT reserves, according to the company.

Tether issued a statement on Monday regarding the major cryptocurrency lending platform Celsius halting withdrawals due to its rumored liquidity crisis.

According to the statement, Tether’s lending activity . . . → Read More: Tether: Celsius crisis has no impact on USDT reserves

Euro Price Forecast: Tough Task for ECB as Periphery Spreads Widen, EUR/USD Below 1.05

EUR/USD TALKING POINTS Upcoming Fed rate decision. Periphery spreads widen. EUR/USD bears look to subsequent support. Advertisement EURO FUNDAMENTAL BACKDROP

The euro has continued to depreciate against the dollar after last week’s surprise U.S. inflation beat that added to the Fed’s hawkish narrative. The week ahead includes several high impact events with focus . . . → Read More: Euro Price Forecast: Tough Task for ECB as Periphery Spreads Widen, EUR/USD Below 1.05

Bitcoin passes $23.8K May low as crypto market cap drops under $1 trillion

Bitcoin (BTC) faced continued selling pressure before the June 13 Wall Street open as Ether (ETH) revisited multiyear lows.

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin battles for $24,000

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD eclipsing its 10-month lows set in mid-May.

The largest cryptocurrency faced bearish triggers on multiple fronts, these . . . → Read More: Bitcoin passes $23.8K May low as crypto market cap drops under $1 trillion

USD/JPY Price Forecast: Kuroda Signals Potential End to Yen Weakness

USD/JPY News and Analysis Kuroda U-turn on yen weakness could signal a change in policy/government co-operation to stem drastic yen declines FOMC rate decision and US retail sales headline the economic calendar this week USD/JPY key technical levels and IG client sentiment considered Advertisement Significant Change in Sentiment Could See an End to Yen . . . → Read More: USD/JPY Price Forecast: Kuroda Signals Potential End to Yen Weakness

Ethereum difficulty bomb delayed but network adoption still growing

Ethereum network developers have decided to delay the difficulty bomb, a major step leading up to the highly anticipated Merge upgrade for the layer-1 blockchain.

They set the delay to two months in order to “be sure that we sanity check all the numbers before selecting an exact delay and deployment time,” according to . . . → Read More: Ethereum difficulty bomb delayed but network adoption still growing

Celsius exodus: $320M in crypto sent to FTX, user withdrawals paused

Crypto staking and lending platform Celsius may be dealing with its rumored liquidity crisis by unstaking $247 million worth of Wrapped Bitcoin (wBTC) from Aave and sending it to the FTX exchange.

Speculations among the crypto community are now flaring as the project has been moving massive amounts of wBTC, Ether (ETH) and . . . → Read More: Celsius exodus: $320M in crypto sent to FTX, user withdrawals paused

Markets Week Ahead: Dow Jones, Nasdaq 100, US Dollar, Fed, British Pound, BoE, Yen, BoJ

Market sentiment took a turn for the worst this past week, with a sea of red seen across the world. On Wall Street, futures tracking the Dow Jones, S&P 500 and Nasdaq 100 fell 4.4%, 4.8% and 5.3% respectively. Collectively, this was the worst week since the beginning of this year. This is . . . → Read More: Markets Week Ahead: Dow Jones, Nasdaq 100, US Dollar, Fed, British Pound, BoE, Yen, BoJ

The CFTC’s action against Gemini is bad news for Bitcoin ETFs

On June 2, 2022, the United States Commodity Futures Trading Commission (CFTC) initiated an action against Gemini, the crypto exchange founded by billionaire twins Tyler and Cameron Winklevoss. Among other things, the complaint alleges that Gemini made a number of false and misleading statements to the CFTC in connection with the potential self-certification . . . → Read More: The CFTC’s action against Gemini is bad news for Bitcoin ETFs

What are Bitcoin improvement proposals (BIPs), and how do they work?

Gathering significant consensus within the community is the first step of the process. Sometimes, even the most valuable proposals can take years before they are approved or rejected because the community can’t find an agreement.

Once a BIP is submitted as a draft to the BIP GitHub, the proposal gets reviewed and . . . → Read More: What are Bitcoin improvement proposals (BIPs), and how do they work?

S&P 500 & FTSE 100 Forecast for the Week Ahead

S&P 500, FTSE 100 Analysis and News S&P 500 | Equities Slump on Hot CPI FTSE 100 |Bank of England To Remain a Cautious Hiker S&P 500 | Equities Slump on Hot CPI

Rally sellers remain in control of the equity space and following the hot CPI print at 8.6%, the peak inflation . . . → Read More: S&P 500 & FTSE 100 Forecast for the Week Ahead

Ethereum price enters ‘oversold’ zone for the first time since November 2018

Ethereum’s native token Ether (ETH) entered its “oversold” territory this June 12, for the first time since November 2018, according to its weekly relative strength index (RSI).

This is the last time $ETH went oversold on the weekly (hasn’t confirmed here yet).

I had no followers, but macro bottom ticked it. . . . → Read More: Ethereum price enters ‘oversold’ zone for the first time since November 2018

6 Questions for Alex Wilson of The Giving Block

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 Alex Wilson, co-founder of The Giving Block — a crypto donation solution that provides an ecosystem for . . . → Read More: 6 Questions for Alex Wilson of The Giving Block

Bitcoin price drops to lowest since May as Ethereum market trades at 18.4% loss

Bitcoin (BTC) saw further losses on June 12 as thin weekend trading volumes fueled an ongoing sell-off.

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Analyst likens risk asset ‘pump’ to 1929

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting lows of $27,150 on its sixth straight day of downside.

With hours to . . . → Read More: Bitcoin price drops to lowest since May as Ethereum market trades at 18.4% loss

Yuga Labs co-founder prewarns possible attack, claims Twitter insider involved

Gordon Goner, the pseudonymous co-founder of Yuga Labs, issued a warning about a possible incoming attack on their social media accounts under the Yuga Labs umbrella after receiving “credible information” that an insider from Twitter would help bypass the security of the accounts.

Yuga Labs, home to some of the most popular nonfungible . . . → Read More: Yuga Labs co-founder prewarns possible attack, claims Twitter insider involved

Japanese Yen Fundamental Forecast: Prices Approach 1998 Levels Ahead of BOJ

Japanese Yen Fundamental Forecast: Bearish The Japanese Yen is close to the weakest levels traded since 1998 Bank of Japan policy decision due out, will Kuroda take action? Fiscal spending plans likely to complicate any BOJ tightening

The Japanese Yen fell to its weakest level since February 2002 versus the US Dollar and . . . → Read More: Japanese Yen Fundamental Forecast: Prices Approach 1998 Levels Ahead of BOJ

Central authorities have demonized privacy — Crypto projects must fight back

Zcash (ZEC), a privacy coin that launched in 2016, unveiled an upgrade to its system on May 31 that will allow users to more easily make private, trustless digital cash payments on mobile phones. Not everyone would view this as a good development.

The unfamiliarity, uncertainty and public intrigue surrounding privacy — including its . . . → Read More: Central authorities have demonized privacy — Crypto projects must fight back

Euro Forecast: EUR/USD Now Turns to the Fed and BoE After a Hawkish ECB

Euro Fundamental and Technical Forecast: Bearish Euro was unable to find support from a hawkish ECB last week EUR/USD faces too much competition from a more hawkish Fed Single currency at risk ahead with eyes on the Fed, BoE and BoJ

The Euro staged its worst performance against the US Dollar last week . . . → Read More: Euro Forecast: EUR/USD Now Turns to the Fed and BoE After a Hawkish ECB

Swiss Franc Price Forecast: Parity on the Cards for USD/CHF Ahead of SNB Rates Decision

USD/CHF TALKING POINTS Swiss National Bank rate preview U.S. inflation and upcoming Fed decision IG client sentiment: Bullish Advertisement SWISS FRANC FUNDAMENTAL BACKDROP

Fridays U.S. CPI beat reignited dollar bets causing USD/CHF to test May swing highs. This data print was a key indicator to gauge whether the U.S. economy has peaked (in . . . → Read More: Swiss Franc Price Forecast: Parity on the Cards for USD/CHF Ahead of SNB Rates Decision

US SEC investigates Binance’s ICO, metaverse crypto assets up 400% YoY, and STEPN faces DDoS attacks: Hodler’s Digest, June 5-11

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 Anonymous hacker served with restraining order via NFT

In . . . → Read More: US SEC investigates Binance’s ICO, metaverse crypto assets up 400% YoY, and STEPN faces DDoS attacks: Hodler’s Digest, June 5-11

Bitcoin and banking’s differing energy narratives are a matter of perspective

The Carbon Bankroll Report was released on May 17 as a collaboration among the Climate Safe Lending Network, The Outdoor Policy Outfit and Bank FWD. The collaboration made it possible to calculate the emissions generated due to a company’s cash and investments, such as cash, cash equivalents and marketable securities.

The report revealed . . . → Read More: Bitcoin and banking’s differing energy narratives are a matter of perspective

Bitcoin price threatens lowest weekly close since 2020 as inflation spooks markets

Bitcoin (BTC) dropped to two-week lows on June 11 as the week’s Wall Street trading ended with bears in control.

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView U.S. inflation print proves setback

Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it reached $28,528 on Bitstamp, its lowest since May 28.

The . . . → Read More: Bitcoin price threatens lowest weekly close since 2020 as inflation spooks markets

Bitcoin fails to recover as elevated inflation weighs on sentiment

Bitcoin Outlook: Bearish Advertisement US Inflation Smashes Estimates, Bitcoin Bears Step In

Throughout the week, the release of high impact economic data has exacerbated fears of rising inflation, weighing on stocks and cryptos alike. With Bitcoin prices currently trading within a well-defined range, the key psychological level of $30,000 continues to provide a . . . → Read More: Bitcoin fails to recover as elevated inflation weighs on sentiment

Coin Center takes US Treasury to court over alleged financial spying

Coin Center, a Washingon, DC-based non-profit blockchain advocacy group, filed a lawsuit against the United States Department of the Treasury for allegedly provisioning an unconstitutional amendment in the controversial infrastructure bill.

Coin Center lawsuit information about plaintiffs and defendants. Source: Case: 5:22-cv-00149-KKC

In an official announcement, Coin Center revealed the filing of a suit against the . . . → Read More: Coin Center takes US Treasury to court over alleged financial spying

Bitcoin ecosystem makes a U-turn recovery in global ATM installations

Bitcoin (BTC) ATM installations have marked a new comeback as June 2022 saw the reversal of the five-month-long downward trajectory for the first time this year. 

The global ATM installations worldwide fell consistently throughout the year, with May reporting the lowest number of 205 ATM installations. However, June saw the installation of over 882 . . . → Read More: Bitcoin ecosystem makes a U-turn recovery in global ATM installations

Blockchain for sustainable development: The case of Ghana

In modern times of rapid globalization and digitization, technological developments have now reached such proportions that the usage of cryptocurrencies is no new phenomenon. The technology behind blockchain opens the internet for financial services by replacing trust, a fundamental component of the financial system for centuries, with transparency integrated into a decentralized network. Thereby, . . . → Read More: Blockchain for sustainable development: The case of Ghana

Australian Dollar Outlook: US Dollar is the Dominator for Now

AUSTRALIAN DOLLAR FORECAST: BULLISH The Australian Dollar is caught up in the US Dollar vacuum RBA rate hikes are coming thick and fast, strap in When it comes to the economy, it doesn’t get much better than this

The Australian Dollar got tonked going into the end of the week despite the RBA . . . → Read More: Australian Dollar Outlook: US Dollar is the Dominator for Now

Price analysis 6/10: BTC, ETH, BNB, ADA, XRP, SOL, DOGE, DOT, AVAX, SHIB

The United States equities markets tumbled on June 10 after the Consumer Price Index (CPI) report showed inflation soaring 8.6% from a year ago, the highest increase since 1981. The latest figures show that talks of inflation having peaked were premature and according to Bloomberg, investors are pricing in the key interest rate of 3% . . . → Read More: Price analysis 6/10: BTC, ETH, BNB, ADA, XRP, SOL, DOGE, DOT, AVAX, SHIB

Pound Fundamental Forecast: UK GDP, Jobs Data and BoE Decision Next Week

Pound Sterling Fundamental Forecast: Bearish Encouraging UK Jobs data could solidify a 25 basis point hike form the BoE next week The ECB’s rather hawkish revelations of potential 50 bps September hike could weigh on GBP UK GDP expected to reveal lower growth for April Advertisement UK GDP, Employment Data and BoE Rate Decision . . . → Read More: Pound Fundamental Forecast: UK GDP, Jobs Data and BoE Decision Next Week

S&P 500, Nasdaq: The Bears are Back – USD Spikes, EUR/USD Slides

S&P 500, Nasdaq 100 talking points: U.S. equities remained in the rectangle formation until about an hour ahead of yesterday’s U.S. close. Since then, it’s been a very bearish backdrop. This morning brought another installment in the inflation theme and after last month’s moderation down to 8.3%, this month saw yet another jump to . . . → Read More: S&P 500, Nasdaq: The Bears are Back – USD Spikes, EUR/USD Slides

Ethereum eyes fresh yearly lows vs. Bitcoin as bulls snub successful ‘Merge’ rehearsal

Ethereum’s native token Ether (ETH) resumed its decline against Bitcoin (BTC) two days after a successful rehearsal of its proof-of-stake (PoS) algorithm on its longest-running testnet “Ropsten.”

The ETH/BTC fell by 2.5% to 0.0586 on June 10. The pair’s downside move came as a part of a correction that had started a day before . . . → Read More: Ethereum eyes fresh yearly lows vs. Bitcoin as bulls snub successful ‘Merge’ rehearsal

The trouble with automated market makers

Automated market makers are a true public good in crypto, enabling genuinely decentralized trading 24/7 and supporting the wider DeFi ecosystems. But they’re not without a host of problems, writes digital economist and academic Christos A. Makridis.

The decentralized finance (DeFi) market has surged since 2021, growing from just over $20 billion to nearly . . . → Read More: The trouble with automated market makers

Swedish central bankers snipe Bitcoin mining, cite rampant energy use

Another day, another environmental attack on proof-of-work (PoW) mining. A report shared by the Swedish central bank argued that energy-intensive Bitcoin (BTC) and cryptocurrency mining should be banned. 

The Swedish central bank, known as the Riksbank, is the oldest central bank in the world. In a damning report entitled, “Cryptocurrencies and their impact on financial . . . → Read More: Swedish central bankers snipe Bitcoin mining, cite rampant energy use

Bitcoin price falls under $29.5K after ‘unexpected’ 40-year high US inflation

Bitcoin (BTC) fell sharply on June 10 after surprisingly high inflation data from the United States rattled markets before the Wall Street open.

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Trader: Bitcoin will be “painful” if $29,300 fails to hold

Data from Cointelegraph Markets Pro and TradingView tracked a $600 dive for BTC/USD as May’s . . . → Read More: Bitcoin price falls under $29.5K after ‘unexpected’ 40-year high US inflation

US Inflation at 8.6% in May, Blows Past Estimates and Hits Highest Level Since 1981

MAY INFLATION KEY POINTS: May U.S. inflation rises 1% on a seasonally adjusted basis and 8.6% over the last 12 months, well above expectations Core CPI increases 0.6% m-o-m and 6% y-o-y, also above consensus estimates Strong inflationary forces could put pressure on the Fed to increase rates in 50 bps increments well beyond . . . → Read More: US Inflation at 8.6% in May, Blows Past Estimates and Hits Highest Level Since 1981

Bitcoin Lightning Network capacity charges through 4,000 BTC

There’s cause for celebration from the world’s largest cryptocurrency. The Lightning Network hit the 4,000 Bitcoin (BTC) public capacity milestone, meaning $120 million in value is ready for peer-to-peer payments.

The Lightning Network first broke the 1,000 BTC barrier in August 2020 and the 2,000 BTC barrier in July 2021. The capacity has doubled . . . → Read More: Bitcoin Lightning Network capacity charges through 4,000 BTC

FTSE, DAX Price Forecast: Rate Hikes Take Center Stage as Equities Suffer

DAX, FSTE 100 News and Analysis FTSE set to mark second successive weekly decline Rate hikes take center stage: ECB (yesterday) and BoE next week DAX technical levels assessed as price action erases prior breakout gains Advertisement FTSE on Track for Second Successive Weekly Decline, BoE Ahead

The FTSE 100 Index is on . . . → Read More: FTSE, DAX Price Forecast: Rate Hikes Take Center Stage as Equities Suffer

Bitcoin’s real energy use questioned as Ethereum founder criticizes BTC

The ever-raging debate around Bitcoin’s energy consumption has been re-ignited, with founding member of Ethereum Anthony Donofrio claiming that Bitcoin is using “way too much” energy. 

According to figures from Digiconomist, Bitcoin (BTC) currently uses 0.82% of the world’s power while Ethereum (ETH) uses 0.34%. Ethereum researcher Justin Drake posted the figures to . . . → Read More: Bitcoin’s real energy use questioned as Ethereum founder criticizes BTC

US Dollar Gains Upside Momentum Ahead of US CPI Test

US CPI, US Dollar Analysis and News

USD to Extend Gains on Higher Than Expected CPI Print US CPI Projected to Remain at 8.3%

The USD has regained its footing as we head into today’s CPI report with a helping hand from yesterday’s ECB decision. Overall, little in the way of surprises . . . → Read More: US Dollar Gains Upside Momentum Ahead of US CPI Test

Euro Price Forecast: Euro unable to Capitalize on Yesterday’s ECB, EUR/USD Tests 1.06

EUR/USD TALKING POINTS ECB recap – GDP, inflation & rates. U.S. CPI in focus later today. IG client sentiment: Bearish. Advertisement EURO FUNDAMENTAL BACKDROP

Yesterday’s European Central Bank (ECB) rate decision and press conference (although more hawkish) sent the euro tumbling post-announcement. Leading up to the announcement, markets were pricing in a more . . . → Read More: Euro Price Forecast: Euro unable to Capitalize on Yesterday’s ECB, EUR/USD Tests 1.06

Gold Prices at Risk as All Eyes Turn to US CPI Inflation Data

GOLD, CPI, INFLATION, FED, US DOLLAR – TALKING POINTS: Gold prices stall as firming Fed rate hike bets, rising US Dollar cap rebound US CPI is now in focus, with aworrying range of outcomes for bullion prices Breaking range the floor may target sub-$1800, resistance just below $1900

Gold prices have stalled following . . . → Read More: Gold Prices at Risk as All Eyes Turn to US CPI Inflation Data

US Dollar Takes Flight as Risk Assets Tank Ahead of US CPI Data. New Highs for DXY?

US Dollar, USD, DXY Index, Crude Oil, China, FOMC, US CPI – Talking Points The US Dollar has strengthened on higher Treasury yields APAC equities followed Wall Street lower while oil held the high ground Inflation fears are driving markets ahead of US CPI.Will USD resume its uptrend?

The US Dollar has been . . . → Read More: US Dollar Takes Flight as Risk Assets Tank Ahead of US CPI Data. New Highs for DXY?

This key Ethereum price metric shows ETH traders aren’t as bearish as they appear

Ether (ETH) is down 25% in just a month and even the recent upgrade to a proof-of-stake (PoS) consensus on the Ropsten testnet failed to move the altcoin’s price. 

The merge is meant to address energy-use issues and open a path for higher transaction output, but the actual full transition for the Ethereum network . . . → Read More: This key Ethereum price metric shows ETH traders aren’t as bearish as they appear

Bitcoin stocks correlation ‘feels like’ 100% as $30K BTC price frustrates

Bitcoin (BTC) wicked through $30,000 during June 9 as the Wall Street open revealed an ongoing stocks correlation. 

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Trader sees “relief” from US CPI print

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD threatening to head lower as the S&P 500 likewise opened with modest losses.

The . . . → Read More: Bitcoin stocks correlation ‘feels like’ 100% as $30K BTC price frustrates

Crude Oil Over Crypto

Cryptocurrency may seem less attractive these days as the invasion of Ukraine increases the volatility of crude oil

As war rages in Ukraine, crude oil is impersonating a cryptocurrency. The price for West Texas Intermediate contracts (WTI) jumped nearly 7% in one day—the commodity’s biggest rise since record keeping began. The . . . → Read More: Crude Oil Over Crypto

US Dollar Price Action Setups pre-CPI: EUR/USD, GBP/USD, USD/JPY

US Dollar Talking Points: Tomorrow brings the release of CPI data from the month of May, with the expectation for headline inflation to have increased by 8.3% and core inflation 5.9%. Core inflation came in at 6.3% last month so a 5.9% read could be an encouraging data point for the inflation theme that’s . . . → Read More: US Dollar Price Action Setups pre-CPI: EUR/USD, GBP/USD, USD/JPY

Cathie Wood & Ark: Insiders Aren’t Buying the Hype

After 12 years as chief investment officer of global thematic strategies at investment giant AllianceBernstein, Cathie Wood founded ARK (Active Research Knowledge) Funds in 2014. Its thematic investment funds target disruptive and innovative high-growth companies, the technological forces altering economies and consumer behavior.

Cathie Wood’s flagship ARK Innovation ETF (exchange-traded fund) invests . . . → Read More: Cathie Wood & Ark: Insiders Aren’t Buying the Hype

Breaking News: ECB Holds Rates, Setting up July and September for Fireworks

ECB Holds Rates, Eyes 25 and 50 bps Hikes in July and September

The ECB held true to its forward guidance and sequencing whereby it foresaw a rate hike only after APP comes to an end, meaning July is when we are very likely to witness lift-off.

Times are in . . . → Read More: Breaking News: ECB Holds Rates, Setting up July and September for Fireworks

No more power surge: Community celebrates as Ropsten testnet merge goes live

The Ethereum blockchain recently completed a step toward the long-awaited upgrade that will improve the platform by switching to a proof-of-stake (PoS) consensus. The Ropsten testnet successfully transitioned to PoS in what is dubbed a “dress rehearsal” for the Ethereum blockchain. 

Since the network uses the proof-of-work (PoW) mining model, which consumes a lot . . . → Read More: No more power surge: Community celebrates as Ropsten testnet merge goes live

ECB Preview: How Will the Euro (EUR) React?

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ECB, EUR Price Analysis & News

ECB to Pave the Way For Rate Hikes Pushback on 50bps Hike to Result in Lower Euro

LIVE ECB COVERAGE: We will be providing live coverage of the ECB Decision from 12:30BST.

OVERVIEW: The ECB is set to announce an . . . → Read More: ECB Preview: How Will the Euro (EUR) React?

Bitcoin will finish 2022 ‘flat, possibly up’ says analyst as Saylor bets on $1M BTC

Bitcoin (BTC) retains two of its best-known proponents, but one has cooled its BTC price forecasts considerably.

In an interview with CNBC on June 9, Tom Lee, co-founder of independent research firm Fundstrat, revealed that he was unsure if BTC/USD would end the year above its starting price.

Lee suggests market has “already bottomed”

Bitcoin . . . → Read More: Bitcoin will finish 2022 ‘flat, possibly up’ says analyst as Saylor bets on $1M BTC

DeFi contagion? Analysts warn of ‘Staked Ether’ de-pegging from Ethereum by 50%

The next big crypto crash could be around the corner due to Lido Staked Ether (stETH), a liquid token from the Lido protocol that is supposed to be 100% pegged by Ethereum’s native token, Ether (ETH).

Notably, the stETH peg could drop against ETH by 50% in the coming weeks, raising the risk of . . . → Read More: DeFi contagion? Analysts warn of ‘Staked Ether’ de-pegging from Ethereum by 50%

Brandt’s bearish ETH call — But community predicts $3K before Merge

Veteran futures trader Peter Brandt has suggested that the price of Ether (ETH) could drop to as low as $1,268 in the coming month, but the consensus view of 15,500 members of the CoinMarketCap community is that the price will have hit roughly $3,131 by June 30.

The Ethereum network is now . . . → Read More: Brandt’s bearish ETH call — But community predicts $3K before Merge

Gillibrand and Lummis state that most altcoins are securities

United States Senators Kirsten Gillibrand and Cyntia Lummis believe that most altcoins would likely be considered securities under their proposed new legislation, but they confirmed that Bitcoin (BTC) and Ether (ETH) will be classified as commodities. 

Lummis and Gillibrand both agreed with U.S. Securities and Exchange Commission Chair Gary Gensler’s assessment that most cryptocurrencies . . . → Read More: Gillibrand and Lummis state that most altcoins are securities

Traders target $1,400 Ethereum price after ETH drops closer to a critical support level

On June 8, the Ethereum network successfully underwent the merge to become proof-of-stake on its Ropsten testnet, but the news had little impact on ETH price. 

With the Ropsten upgrade now looking more like a “buy the rumor, sell the news” type of event, most analysts have kept a short-term bearish outlook for Ether price. Let’s take a . . . → Read More: Traders target $1,400 Ethereum price after ETH drops closer to a critical support level

Digital assets still make a lot of sense, says Codex co-founder

Co-founder and chief evangelist officer for Codex Alex Gordon-Brander spoke to Cointelegraph about his Bitcoin story, the real-world use cases for crypto and the economic downturn during a World Economic Forum interview in Davos, Switzerland. 

Standing curbside in front of Davos’ “Crypto House” at dusk, where Gordon-Brander had just finished demonstrating Codex’s capabilities . . . → Read More: Digital assets still make a lot of sense, says Codex co-founder

Price analysis 6/8: BTC, ETH, BNB, ADA, XRP, SOL, DOGE, DOT, AVAX, SHIB

Bitcoin (BTC) continues to trade in a range with the local tops and bottoms coinciding with increased whale activity in the region, according to on-chain analytics resource Whalemap.

The range-bound action in Bitcoin has kept the analysts guessing and a few expect the consolidation to continue for some more time, while others anticipate another . . . → Read More: Price analysis 6/8: BTC, ETH, BNB, ADA, XRP, SOL, DOGE, DOT, AVAX, SHIB

British Pound Outlook: GBP/JPY and EUR/GBP

British Pound – Talking Points GBP/JPY briefly trades through April high at 168.428 EUR/GBP stews below key resistance ahead of ECB

The British Pound has been in the limelight of late as Boris Johnson fended off a vote of no confidence in the midst of growing Brexit tensions. While Johnson was able to . . . → Read More: British Pound Outlook: GBP/JPY and EUR/GBP

S&P 500, Nasdaq 100 Forecast: Trend on Hold, Stocks Stuck in the Box

S&P 500, Nasdaq Talking Points: U.S. stocks are stuck in a range that’s held over the past week. This range appeared after a pullback in a bearish move, which followed a test of key support in each of the S&P 500 and the Nasdaq 100. Tomorrow brings the ECB rate decision and Friday brings . . . → Read More: S&P 500, Nasdaq 100 Forecast: Trend on Hold, Stocks Stuck in the Box

Gas Price Gouging or Grandstanding?

American consumers are paying a lot more than usual for gasoline, but economists don’t lay the blame on price gouging.

The market is driving up prices because D.C. politicos banned crude oil imports from Russia—the third-largest oil producing nation—in the wake of its invasion of Ukraine.

But President Joe . . . → Read More: Gas Price Gouging or Grandstanding?

Wall Street sends BTC price to $30.8K as latest US dollar uptick fails

Bitcoin (BTC) showed strength at the June 8 Wall Street open as impatient traders waited for a trend to emerge.

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin still in “no trade zone” 

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD jumping to near $30,850 after the opening bell, helping claw back some of . . . → Read More: Wall Street sends BTC price to $30.8K as latest US dollar uptick fails

Thailand’s crypto islands: Working in paradise, Part 1

Walking into Remote and Digital’s La Casa co-working space on the tropical island of Koh Pha-ngan, you wonder how anybody gets any work done. I sip a cocktail and wait for my burrito as James Brown plays in the background.There’s a real palm tree growing at the edge of the cafe, and behind it . . . → Read More: Thailand’s crypto islands: Working in paradise, Part 1

Ethereum ‘double Doji’ pattern hints at a 50% ETH price rally by September

Ethereum’s native token, Ether (ETH), looks poised to undergo a sharp upside retracement in the coming weeks after painting a so-called “double Doji” pattern, accompanied by a few bullish technical indicators.

Ether strong support confluence meets Dojis

To recap, a Doji is a candlestick that forms when a financial instrument opens and closes around . . . → Read More: Ethereum ‘double Doji’ pattern hints at a 50% ETH price rally by September

South African JSE Top 40 Price Forecast: Index Weighed Down by Rand, Rates and Growth

JSE ALL SHARE INDEX (ALSI) TALKING POINTS Rand strength hurts SA40. South African Q2 business confidence drops to 42 from 46 previously. Advertisement FTSE/JSE ALL SHARE INDEX FUNDAMENTAL BACKDROP

South African stocks took a turn lower on Wednesday despite the broader uptick in Emerging Market (EM) equity markets due to an extremely resilient . . . → Read More: South African JSE Top 40 Price Forecast: Index Weighed Down by Rand, Rates and Growth

US Dollar Outlook: DXY Bullish Reluctance Ahead of ECB Tomorrow

US Dollar (DXY) News and Analysis Major risk events: ECB, FOMC meetings ahead with a special focus on US retail data Technically, DXY faces an uphill battle as price action has been kept at bay by the key 104.90 level Advertisement US Dollar Index Between a Rock and a Hard Place

The US . . . → Read More: US Dollar Outlook: DXY Bullish Reluctance Ahead of ECB Tomorrow

IMF recommends eco-friendly CBDCs and non-PoW mechanisms for payments

An International Monetary Fund study on energy consumption has reveale the importance of design choices within the crypto ecosystem to build an environmentally friendly mainstream payment system.

In the study, titled “Digital Currencies and Energy Consumption,” the IMF examines the energy consumption of crypto assets based on their distinct design elements to evaluate the ideal mechanism for . . . → Read More: IMF recommends eco-friendly CBDCs and non-PoW mechanisms for payments

Don’t click links: Crypto community responds to alleged Telegram ‘exposé’

This week, the crypto community’s attention was captured by an anonymous person who claimed that they will expose the misdeeds of prominent crypto influencers and top projects within the crypto space. 

The alleged whistleblower, going by the username Adyingnobody on Twitter, said that they will “tear a rift in the entire community” by . . . → Read More: Don’t click links: Crypto community responds to alleged Telegram ‘exposé’

Crypto-stock trade pairs in the cards as Swyftx inks $1.5B merger with Superhero

Australian crypto exchange Swyftx wants to eventually offer seamless trading between traditional and crypto-asset classes, with its first step being the completion of its $1.5 billion merger deal with online investing platform Superhero. 

The deal to combine the two was revealed on June 8, with the merged entity set to become the first . . . → Read More: Crypto-stock trade pairs in the cards as Swyftx inks $1.5B merger with Superhero

‘Can it get any easier?’ Bitcoin whales dictate when to buy and sell BTC

Bitcoin (BTC) left both long and short traders behind in May and June, but data suggests trading it may be “easier” than many imagine.

According to on-chain analytics resource Whalemap, Bitcoin whales have all but dictated market performance in recent weeks.

Whales help pin Bitcoin at $30,000

In a fresh analysis published on June 7, . . . → Read More: ‘Can it get any easier?’ Bitcoin whales dictate when to buy and sell BTC

LINK marines rejoice after Chainlink 2.0 brings a new roadmap and staking

Passive income opportunities are one of the biggest draws in the cryptocurrency ecosystem because it gives investors an easy opportunity to grow their portfolio size regardless of the day-to-day price action.

The latest token to get a bump in its price after announcing the upcoming implementation of staking is Chainlink (LINK), the decentralized oracle . . . → Read More: LINK marines rejoice after Chainlink 2.0 brings a new roadmap and staking

Aurora pays $6M bug bounty to ethical security hacker through Immunefi

On Tuesday, Ethereum (ETH) bridging and scaling solution Aurora announced it had paid out a $6 million bounty to ethical security hacker pwning.eth, who discovered a critical vulnerability in the Aurora Engine. The exploit allegedly placed over $200 million worth of capital at risk. The sum was paid in collaboration with Immunefi, a . . . → Read More: Aurora pays $6M bug bounty to ethical security hacker through Immunefi

Solar Energy Stocks

Only 0.014% of the solar energy reaching Earth is converted into usable power. That leaves plenty of room for improvement, and companies are rushing to meet the challenge.

Let’s examine the solar energy stocks of five of those firms from a charting perspective. Ranking charts requires subjective judgment, but we’re presenting them . . . → Read More: Solar Energy Stocks

Ethereum 2.0 vs. the top Ethereum killers|The Market Report

“The Market Report” with Cointelegraph is live right now. On this week’s show, Cointelegraph’s resident experts give you the details about Ethereum 2.0, its main competitors, and how they differ from each other.

To kick things off, we break down the latest news in the markets this week. Here’s what to expect in this . . . → Read More: Ethereum 2.0 vs. the top Ethereum killers|The Market Report

Coinbase balance drops by 30K BTC as Bitcoin price nurses 6% losses

Bitcoin (BTC) held steady at the June 7 Wall Street open after a night of losses cost bulls heavily.

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Coinbase sees conspicuous outflows

Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it ranged near $30,000, still down 6% versus its prior highs.

After underperforming versus . . . → Read More: Coinbase balance drops by 30K BTC as Bitcoin price nurses 6% losses

Turkish Lira Currency Crisis Deepens as USD/TRY, EUR/TRY Eye New Highs

Advertisement Turkish Lira Outlook: Turkish inflation rose by +73.5% y/y in May, boosted by surging food and energy prices in the wake of the Russian invasion of Ukraine. Turkey has run out of foreign assets to prop up the Lira: USD/TRY is up over +26% year-to-date, while EUR/TRY is up nearly +19% year-to-date. . . . → Read More: Turkish Lira Currency Crisis Deepens as USD/TRY, EUR/TRY Eye New Highs

The business of a Bitcoin standard: Profit, people and passion for good food

The Canadian restaurant franchise Tahini’s serves Middle East-inspired food with a Bitcoin-inspired twist. 

Since August 2020, when the price of Bitcoin (BTC) was under $20,000, the group has operated on a Bitcoin standard, with any profits it makes swept into BTC.

The Tahini’s Twitter account has since argued that Bitcoin is the “most Islamic” thing . . . → Read More: The business of a Bitcoin standard: Profit, people and passion for good food

Japanese Yen Price Action Setups: USD/JPY, EUR/JPY, GBP/JPY, AUD/JPY

Japanese Yen Talking Points: Yen-weakness has come back in a very big way and fresh multi-year highs have printed on all of USD/JPY, EUR/JPY and AUD/JPY. The door was seemingly opening to this trend late last week and I discussed this in the weekly forecast on the US Dollar, focusing bearish currency scenarios towards . . . → Read More: Japanese Yen Price Action Setups: USD/JPY, EUR/JPY, GBP/JPY, AUD/JPY

Struggle for Web3’s soul: The future of blockchain-based identity

There is no shortage of visionary scenarios about how Web3 might unfold, but one of the latest, “Decentralized Society: Finding Web3’s Soul” — a paper published in mid-May by E. Glen Weyl, Puja Ohlhaver and Vitalik Buterin — is close to becoming one of the top 50 most downloaded papers on the SSRN scholarly . . . → Read More: Struggle for Web3’s soul: The future of blockchain-based identity

How to buy NFTs on Solana?

The burgeoning popularity of nonfungible tokens (NFTs) has led to issues like exorbitant transaction fees and congestion in the prevalent Ethereum-based ecosystem. The fee factor serves as a major deterrent to anyone wanting to execute transactions on the blockchain.

A report published by Reuters revealed that the NFT sales volume was $24.9 billion in . . . → Read More: How to buy NFTs on Solana?

Cybersecurity firm supports Bitcoin ‘mission,’ converts balance sheet to BTC

Another business jumps aboard the Bitcoin bandwagon. Octagon Networks, a global cybersecurity network company with over 20 employees announced on Monday that it had “finished the process of converting its liquid assets and entire balance sheet into Bitcoin (BTC).” 

The group will also “start accepting Bitcoin payments for all of our services, with . . . → Read More: Cybersecurity firm supports Bitcoin ‘mission,’ converts balance sheet to BTC

Japanese Yen Latest – USD/JPY Prints a Fresh 20-Year High

USD/JPY Analysis and Chart The US dollar remains in ‘buy on dip’ mode. USD/JPY makes a new two-decade high.

The mid-to-end of May sell-off in the US dollar looks like it has run its course with the USD basket pushing higher from its multi-week 101.10 low print. Last Friday’s stronger-than-expected US Jobs Report . . . → Read More: Japanese Yen Latest – USD/JPY Prints a Fresh 20-Year High

EUR/USD Update: Thursday’s ECB Rate Decision, Macro Projections Analyzed

EUR/USD News and Analysis ECB sets high bar for hawkish surprise ahead of ECB meeting Key EUR/USD technical levels in the lead up to the rate decision Major risk events: US CPI and University of Michigan consumer sentiment Advertisement ECB sets a High Bar for a Hawkish Surprise

Members of the ECB’s governing . . . → Read More: EUR/USD Update: Thursday’s ECB Rate Decision, Macro Projections Analyzed

‘Bitcoin-thematic’ ETF lists on Italian stock exchange Borsa Italiana

On Tuesday, Borsa Italiana — Italy’s stock exchange — listed a “Bitcoin-thematic” exchange-traded fund (ETF) by Melanion Capital, bringing Bitcoin (BTC) exposure to Italian institutions and retirement plans.

Cyril Sabbagh, managing director of Melanion Capital, told Cointelegraph that “The Melanion BTC Equities Universe UCITS ETF is an equity ETF around stocks in . . . → Read More: ‘Bitcoin-thematic’ ETF lists on Italian stock exchange Borsa Italiana

Half of Asia’s affluent investors have crypto in their portfolio: Report

Affluent investors in Asia are neither shy nor ignorant about crypto, with research revealing that 52% of them held some form of a digital asset during Q1 2022. 

According to research from Accenture published on Monday, digital assets, which include cryptocurrencies, stable coins and crypto funds, made up, on average, 7% of the surveyed . . . → Read More: Half of Asia’s affluent investors have crypto in their portfolio: Report

Reserve Rights (RSR) builds momentum ahead of its long-awaited mainnet launch

Bitcoin was created to give the average person a peer-to-peer economic system and a store of wealth asset that could provide financial autonomy and access to banking, especially for people living in places where financial services are sparse or non-existent.

In the last five years, there have been a number of blockchain projects that . . . → Read More: Reserve Rights (RSR) builds momentum ahead of its long-awaited mainnet launch

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

After nine successive weeks of red weekly candles, Bitcoin (BTC) printed a green weekly candle on June 5. Leading into this week, buyers kept up their momentum with a strong weekly open that boosted BTC price to $31,800.

Going forward, traders might keep a close eye on the Consumer Price Index (CPI) data for May, . . . → Read More: Price analysis 6/6: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, AVAX, SHIB

‘CBDCs are the natural evolution,’ says HyperLedger director Barbosa

For Daniela Barbosa — general manager of blockchain, healthcare and identity at the Linux Foundation and executive director of Hyperledger — digital currencies and cryptocurrencies have made it among the big banks at the World Economic Forum in Davos. 

In an interview with Cointelegraph shot against the backdrop of the Swiss Alps, Barbosa . . . → Read More: ‘CBDCs are the natural evolution,’ says HyperLedger director Barbosa

Crypto 401(k): Sound financial planning or gambling with the future?

In April, United States-based retirement plan provider Fidelity Investments moved to allow 401(k) retirement savings account holders to invest directly in Bitcoin (BTC), the flagship cryptocurrency, making crypto a potential part of one’s savings for the future.

A 401(k) is a retirement savings plan offered by many U.S. employers that give the saver tax . . . → Read More: Crypto 401(k): Sound financial planning or gambling with the future?

BTC price approaches $32K as analyst warns of ‘boring’ summer for Bitcoin

Bitcoin (BTC) retained new higher levels at the June 6 Wall Street open after BTC/USD snapped a nine-week losing streak.

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Stocks could take BTC as high as $37,000

Data from Cointelegraph Markets Pro and TradingView followed the largest cryptocurrency as it circled $31,500 on the back of 6% . . . → Read More: BTC price approaches $32K as analyst warns of ‘boring’ summer for Bitcoin

Gold Price Forecast: Gold Recovery Builds Rising Wedge to Resistance

Gold Talking Points: Gold prices have gained as much as 5% since hitting a fresh three-month-low in mid-May. That recovery has been uneven, however, with buyers showing considerably more motivation around support or at lows than what’s shown at resistance. This has allowed for the build of a rising wedge pattern, often approached with . . . → Read More: Gold Price Forecast: Gold Recovery Builds Rising Wedge to Resistance

New York’s push to ban crypto mining triggers response from community

As the state of New York pushes forward a bill that will ban proof-of-work (PoW) mining once approved, members of the crypto community express their disagreement through social media. 

In a Twitter thread, Jake Chervinsky, the head of policy at Blockchain Association, explained that the move will not “reduce carbon emissions” at all. . . . → Read More: New York’s push to ban crypto mining triggers response from community

Euro Price Forecast: EUR/USD Gearing Up for ECB Rate Decision

EUR/USD TALKING POINTS ECB rate decision. Key eurozone and U.S. economic data in focus. Advertisement EURO FUNDAMENTAL BACKDROP

The euro opened stronger on Monday despite rising tensions between Russia and Ukraine after the Asian session fed off the risk on mood post-Chinese PMI. Although the economy remains in a contractionary state, both composite . . . → Read More: Euro Price Forecast: EUR/USD Gearing Up for ECB Rate Decision

USD/JPY Outlook: BoJ’s Kuroda Opens Door to Retest of the Yearly High

USD/JPY News and Analysis BoJ reinforces dovish stance ahead of the anticipated contractionary Q1 GDP print US CPI and consumer sentiment represent major risk events for the week ahead Key USD/JPY technical levels as a retest of the yearly high is within reach Advertisement BoJ Talks Down Pressure to Tighten Policy

Bank of . . . → Read More: USD/JPY Outlook: BoJ’s Kuroda Opens Door to Retest of the Yearly High