Recent posts
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Japanese Yen Q2 Technical Forecast: USD/JPY, EUR/JPY, GBP/JPY at Critical Juncture
March 29, 2024
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Australian Dollar Q2 Fundamental Forecast: Long AUD/USD Downtrend May Be Fading at Last
March 29, 2024
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Pound Sterling Update: UK Recession Confirmed by Final GDP Data, GBP Mixed
March 28, 2024
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US Dollar Latest – EUR/USD, GBP/USD, USD/JPY Forecasts Ahead of US Data
March 28, 2024
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Euro Latest – German GDP Seen at Just 0.1% in 2024, EUR/USD Under Pressure
March 27, 2024
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Crude Oil Prices Slip Again As US Inventories Increase, OPEC Meet Eyed
March 27, 2024
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FX Intervention Threat Steps up a Notch after USD/JPY Hits a Crucial Level
March 27, 2024
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US Dollar in Holding Pattern; Key Tech Setups on EUR/USD, USD/JPY, GBP/USD
March 27, 2024
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Gold, Silver Price Update: XAU/USD Rises on a Softer Dollar, Silver Withers
March 26, 2024
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Euro Gains Again Despite More Dovish ECB Commentary
March 26, 2024
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By admin, on April 6th, 2022
Nonfungible tokens (NFTs) have generated mainstream interest over the last year. A yearly market report from NonFungible found that the total value of all NFT transactions worldwide surpassed more than $17 billion in 2021, up from $82.5 million in 2020. The report also pointed out that “NFT” was selected as Collins Dictionary’s word of . . . → Read More: NFT LA: Attract the mainstream, focus on Web3 and use cases
By admin, on April 6th, 2022
Blockchain.com, a cryptocurrency exchange and financial services firm, has unveiled an asset-management brand.
According to an announcement made by Altis Partners on Wednesday, the service known as BCAM will serve institutions, family offices, and high-net-worth individuals.BCAM was founded in collaboration with Altis Partners, a futures portfolio manager that also manages investment portfolios using . . . → Read More: Blockchain.com launches asset management for institutional investors
By admin, on April 6th, 2022
The crypto market is maturing and is no longer driven by speculation, according to a new report from BTC Markets (BTCM). According to the report by the Australian cryptocurrency exchange, the crypto market’s growth in 2021 was driven by utility.
The BTCM Investor Study Report 2021 is an in-depth analysis of data from the . . . → Read More: Female investors led crypto market growth in 2021, says new report
By admin, on April 6th, 2022
Three market catalysts suggest that Ethereum’s native token Ether (ETH) is well-positioned to reach $4,000 this month.
Google searches for “Ethereum merge” spike
Internet users’ interest in Ethereum’s upcoming network upgrade, dubbed “the Merge,” surged substantially in the week ending April 2, Google Trends’ data shows.
Searches for the keyword “Ethereum Merge” reached a . . . → Read More: 3 reasons why Ethereum price can hit $4K in April
By admin, on April 6th, 2022
BRENT CRUDE OIL (LCOc1) ANALYSIS Surging dollar adds to crude oil headwinds. API data surprise a precursor to EIA later today? Sanctions from U.S. and allies help prop up oil prices. Chinese PMI and lockdowns hurting demand-side forecasts. Triangle breakout imminent. CRUDE OIL FUNDAMENTAL BACKDROP
Brent crude slipped yesterday on the back of . . . → Read More: Crude Oil Forecast: Brent Crude Breakout Awaits Fundamental Catalyst
By admin, on April 6th, 2022
Terra, the Blockchain outfit using Bitcoin (BTC) to back its new US dollar stablecoin, has bought over 5,000 BTC.
Wallet data confirms that on April 6, Terra added another 5,040 BTC to its balance, which now totals 35,768 BTC.
Terra buys the dip… again
The move comes after a multi-day lull in buying activity . . . → Read More: Terra LFG outdoes MicroStrategy with 5K BTC buy after Bitcoin price dips under $45K
By admin, on April 6th, 2022
French Election, Euro, CAC 40 Analysis and News: French Election Risks Rising, but still under-priced How Much is Priced in for the upcoming election? Low Euro Vol Reflecting Market Complacency? Trading impact for the Euro Rising Real Yields to Increase Gold Headwinds French Election Risks Rising, but still under-priced
As we draw closer . . . → Read More: EUR/USD, CAC 40: French Election Risks Rising, But Under-Priced for Shock Scenario
By admin, on April 6th, 2022
DAX Index, Fed, Brainard, Treasury, Crude Oil, Gold, Iron Ore- Talking Points The DAX joined most equity indices lower after Fed’s Brainard turned hawkish Bonds went lower as yields leapt in the aftermath of her commentary All eyes on the Fed minutes later today for clues on the pace of asset sales
The . . . → Read More: DAX 40 Headwinds Build as Russian Energy Woes and Fed Hawkishness Undermine it
By admin, on April 6th, 2022
Gold, XAU/USD, Inflation, FOMC Minutes, China CPI – Talking Points Gold prices stagnant in APAC trading after US Dollar strength drives them lower FOMC Minutes and Chinese inflation in focus as central banks grow increasingly hawkish XAU/USD bears continue to probe the 78.6% Fibonacci retracement level near 1920
Gold prices are slightly lower . . . → Read More: Gold Price Forecast: Prices Probe Support as FOMC Minutes, China CPI Near
By admin, on April 6th, 2022
Skybridge Capital founder Anthony Scaramucci believes the blockchain industry has a very bright future, but he is concerned about the “very weak leadership” in American politics.
Scaramucci is a former director of communications at the White House, and Skybridge Capital manages the $7 billion Skybridge Bitcoin Fund.
He spoke candidly at the Australian . . . → Read More: Scaramucci sees bright future for crypto but ‘very worried’ about US politicians
By admin, on April 6th, 2022
Bitcoin (BTC) software firm Lightning Labs has secured a large funding round to enable and further develop the Lightning Network for faster and cheaper Bitcoin and stablecoin transactions.
The $70 million Series B funding round was led by Valor Equity Partners with participation from Baillie Gifford, Goldcrest Capital and several other angel investors. . . . → Read More: Visa should be ‘scared:’ Lightning Labs raises $70M to add stablecoins
By admin, on April 6th, 2022
Bitcoin (BTC) miner Marathon Digital Holdings plans on taking a big step toward carbon neutrality with plans to transition its Montana mining facility to use sustainable power sources elsewhere.
The Nevada-based company intends on relocating its coal-powered Hardin, Montana facility to a location that uses sustainable non-carbon emitting energy sources. The move is aimed . . . → Read More: Marathon Digital moves Montana BTC mine to pursue carbon neutrality
By admin, on April 6th, 2022
Canadian Dollar Talking Points
USD/CAD retraces the decline from the start of the week as Federal Reserve Governor Lael Brainard warns that the central bank could “reduce the balance sheet at a rapid pace as soon as our May meeting,” but data prints coming out of Canada may push the exchange rate towards . . . → Read More: USD/CAD Rate Clears March Low Ahead of Canada Employment Report
By admin, on April 6th, 2022
It all started with a tweet by Dennis Porter, podcast host and self-described Bitcoin advocate, that led to a heady discussion about renewable energy and the role of Bitcoin miners. Porter asserted that Bitcoin (BTC) creates incentives to build out renewables, but environmental scientist Peter Gleick rebuffed the statement as a “self-serving lie.”
. . . → Read More: Twitter debates the role of renewable energy in Bitcoin mining
By admin, on April 5th, 2022
What is it with these sly, funny, but boring-looking apes that continue to make headlines? Many collectors argue that it’s less about the image, itself, and more about the culture, social capital and wealth the community of owners has gained from Bored Ape Yacht Club (BAYC) that give the collection its value. Amassing over . . . → Read More: Crypto and culture intersecting: Could ApeCoin be the go-to token of the Metaverse?
By admin, on April 5th, 2022
Bitcoin (BTC) is the collateral asset of choice for the world’s biggest decentralized stablecoin, and one of its top executives says there was no other.
Speaking to Bloomberg on April 4, Do Kwon, co-founder of Blockchain protocol Terra, pledged to continue buying BTC to back the firm’s stablecoin, TerraUSD (UST).
Kwon: BTC buys will . . . → Read More: Biggest future BTC whale explains why Bitcoin was chosen for ‘decentralized Forex reserve’
By admin, on April 5th, 2022
A volatile first quarter for US equities, which grappled with not only an inflation-fighting Federal Reserve but also increased geopolitical tensions. The latter stemming from Russia’s invasion of Ukraine. Subsequently, the S&P 500 has posted a quarterly loss of circa 5%, while the market mentality has shifted from a “buy the dip bias” . . . → Read More: Equities Forecast Q2 2022: Fed Policy Remains the Biggest Risk for Equity Markets
By admin, on April 5th, 2022
EUR/USD ANALYSIS U.S./European sanctions hurt Euro. Spotlight on upcoming U.S. economic data. Bear flag break potential. Advertisement EURO FUNDAMENTAL BACKDROP
Planned U.S. and European sanctions on Russia have weighed negatively on the Euro this morning, highlighting the currencies high correlation to the geopolitical situation in Ukraine. Once details around the sanctions are revealed, . . . → Read More: EUR/USD Forecast: Proposed Sanctions Unmasks Key Level as Euro Fades
By admin, on April 5th, 2022
Bitcoin (BTC) is seeing what looks like panic buying by retail investors, fresh data shows — but all might not be as it seems.
In a tweet on April 4, William Clemente, lead insights analyst at Blockware, revealed a large spike in the BTC supply owned by smaller hodlers.
2022 retail FOMO spike “an . . . → Read More: Bitcoin retail FOMO spikes most since 2017 but BTC price may still be ‘doomed’ — analyst
By admin, on April 5th, 2022
Canadian Bitcoin exchange-traded fund (ETF) holdings have increased to all-time highs according to recent research, and spot-based products are leading the way.
Canadian Bitcoin ETFs have increased their holdings by 6,594 Bitcoin (BTC) since January to reach an all-time high of 69,052 total BTC held.
The Purpose Bitcoin ETF saw the biggest increase in . . . → Read More: Inflows to Canadian Bitcoin ETFs hit all-time high: Glassnode
By admin, on April 5th, 2022
Despite the canceled merger between Gryphon Digital Mining and Sphere 3D, the two firms still intend on building out carbon-neutral Bitcoin mining operations.
An April 4 joint statement from the two crypto mining companies revealed that scrapping the merger was a mutual decision “due to changing market conditions, the passage of time, and . . . → Read More: Gryphon and Sphere 3D merger scrapped but carbon-neutral mining continues
By admin, on April 5th, 2022
Australian Dollar, AUD/USD, RBA, CPI, Inflation – Talking Points The RBA left the official cash rate at 0.10% as expected The statement removed the word “patient” as evidence builds A lift-off for rates in May could be brewing. If so, higher AUD/USD?
The Australian Dollar rallied after the RBA left rates unchanged at . . . → Read More: Australian Dollar Boosted by RBA Hinting at Hikes. New Peaks for AUD/USD?
By admin, on April 5th, 2022
WTI Crude Oil, Brent Oil, Russia, Ukraine, European Union, Oil Embargo – Talking Points WTI and Brent crude oil prices rise as fresh supply worries appear from the conflict in Ukraine Appetite among European Union members to ban Russian oil grows after alleged war crimes WTI prices rise for the second day, but the . . . → Read More: Crude Oil Prices Rise as EU Mulls Action After Alleged Russia War Crimes
By admin, on April 5th, 2022
GOLD, XAU/USD, RUSSIA, REAL YIELDS, FED – Talking Points Gold has been moving sideways as sanctions fallout continues Real yields are inching higher on Fed action lowering inflation pricing With low volatility, will technical analysis provide XAU/USD direction?
Gold inched higher overnight on concerns of further sanctions against Russia from the EU. It . . . → Read More: Gold Price Trapped in Range as Real Yields Rise Amid Fed Action. Where to for XAU/USD?
By admin, on April 5th, 2022
The total crypto market capitalization reached its highest close in three months on April 3 at $2.23 trillion, but the performance between March 28 and April 4 was a mere 1.9% gain. During this time, Bitcoin (BTC) presented a 2.6% negative performance, although that was more than offset by the gains from altcoins.
Total . . . → Read More: Profit taking and Bitcoin consolidation give bears an opportunity to take control
By admin, on April 4th, 2022
Bitcoin (BTC) has been stuck between $45,400 and $47,500 for the past two days, indicating a tough tussle between the buyers and sellers as both attempt to establish control over the trend.
Data from on-chain analytics firm Glassnode showed that 100,000 Bitcoin left exchanges in March. These large quantities of withdrawals have only happened . . . → Read More: Price analysis 4/4: BTC, ETH, BNB, SOL, XRP, ADA, LUNA, AVAX, DOT, DOGE
By admin, on April 4th, 2022
Ethereum co-founder Vitalik Buterin expressed his concerns about the blockchain’s future in a recent interview, and attendees of the recent ETHDubai event voiced mixed sentiments toward his perspective on crypto’s perils.
In an interview with Time magazine, Buterin pointed out some of his worries regarding the network, including it being populated by players who are . . . → Read More: Vitalik Buterin is worried about Ethereum — Here’s how the community responded
By admin, on April 4th, 2022
Cryptocurrency hardware wallet provider Ledger has partnered with blockchain game The Sandbox to promote crypto education in its virtual world.
Ian Rogers, Ledger’s chief experience officer, announced the news at Non-Fungible Conference on Monday. He said that the new partnership aims to bring security into The Sandbox’s world and provide Ledger with a place . . . → Read More: Ledger partners with The Sandbox to promote crypto education in the metaverse
By admin, on April 4th, 2022
Pound Sterling (GBP) News and Analysis April is the best month of the year for sterling appreciation vs the dollar GBP/USD key technical levels considered Massive divergence between institutional sentiment and IG client sentiment Advertisement April Supports Potential GBP/USD Reversal, Historically
In the absence of significant scheduled risk events this week, sterling could . . . → Read More: Sterling Price Forecast: Seasonality Supports Cable Reversal in April
By admin, on April 4th, 2022
Nicholas Merten, also known as DataDash, found Bitcoin (BTC) when it was $3. But, like many people at the time, Merten was very skeptical about crypto and found it crazy for people to be buying what he thought was “fake internet money.”
Merten’s story started with a hint of inspiration from a conversation . . . → Read More: Crypto Stories: YouTuber DataDash talks about his most expensive mistake
By admin, on April 4th, 2022
EUR/USD Price, Chart, and Analysis
Two-year US Treasury yield nears 2.50%, 2s-10s invert again. Euro Area headline inflation hits an all-time high.
The Euro continues to trade on either side of 1.1000 against the US dollar despite a further rise in short-dated US Treasury yields. Last Friday’s record high Euro Area headline . . . → Read More: EUR/USD Latest: The Euro vs. US Dollar Battle Continues
By admin, on April 4th, 2022
Bitcoin (BTC) starts a new week and a new quarter as if it were starting the new year — at just over $46,000.
In what will seem like some serious deja-vu for hodlers, BTC/USD is at practically the same level it was on January 1, 2022.
Price action has been quiet — too quiet, . . . → Read More: BTC starts 2022 all over again — 5 things to know in Bitcoin this week
By admin, on April 4th, 2022
US Dollar, USD, DXY, Fed, Treasuries, RBA, AUD, Bank of England – Talking Points The US Dollar is being underpinned by higher rates across the curve APAC equities move higher, joined by the Australian Dollar ahead of the RBA Speculation of more rate rises from the Fed is in view.Will USD get a boost? . . . → Read More: US Dollar Up on Fed Hike Bets After Solid NFP. Can DXY Resume the Uptrend?
By admin, on April 4th, 2022
The crypto community and industry have chosen Ethereum as the chain of choice for most blockchain-based decentralized applications (DApps), but other chains may be better suited to handle the workload for decentralized autonomous organizations (DAOs).
Technical advantages and cheaper transactions have yet to become a major pull factor from Ethereum Virtual Machine (EVM) . . . → Read More: Is Ethereum really the best blockchain to form a DAO?
By admin, on April 4th, 2022
US Dollar, Singapore Dollar, Thai Baht, Indonesian Rupiah, Philippine Peso, ASEAN, Fundamental Analysis – Talking Points US Dollar stabilizes against Emerging Market currencies Traders closely eyeing the FOMC meeting minutes ahead Philippine and Thailand CPI also in focus for PHP & THD US Dollar ASEAN Weekly Recap
This past week, the US Dollar . . . → Read More: US Dollar and Emerging Market Currencies Eyeing FOMC Minutes this Week
By admin, on April 4th, 2022
Australian Dollar, AUD/USD, RBA, China, Covid, Ukraine, Bull Flag – Talking Points Asia-Pacific traders eye Ukraine, China lockdowns, central banks to kick off the week RBA policy meeting in focus as traders try to zero in on when rates will begin to rise AUD/USD prices may target the October 2021 high if Flag pattern . . . → Read More: AUD/USD Chart Flags Bullish Potential as RBA Nears Amid China Lockdowns
By admin, on April 4th, 2022
Bitcoin (BTC) price swings might be impossible to predict, but there is a strategy frequently used by pro traders that yields high returns with minimal cost.
Typically, retail traders rely on leveraged futures positions which are highly susceptible to forced liquidations. However, trading Bitcoin options provide excellent opportunities for investors aiming to maximize gains . . . → Read More: Here’s how pro traders use Bitcoin options to profit even during a sideways market
By admin, on April 3rd, 2022
Bitcoin (BTC) is attempting to hold above its closest support level, and traders are watching to see if the price can remain strong and close above the 2022 yearly open price at $46,200 for the second week in a row.
April has historically been the best performing month of the year for the S&P . . . → Read More: Top 5 cryptocurrencies to watch this week: BTC, VET, THETA, RUNE, AAVE
By admin, on April 3rd, 2022
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 Chen Li, the co-founder and CEO of Youbi Capital, a venture capital firm investing in blockchain technologies . . . → Read More: 6 Questions for Chen Li of Youbi Capital
By admin, on April 3rd, 2022
The energy sector has experienced significant turbulence following the onset of the COVID pandemic. Since crude oil prices dropped below zero in April of 2020, prices have surged, exacerbated by the Russian invasion of Ukraine in February.
XOP (SPDR S&P Oil & Gas Exploration & Production ETF), a leading energy ETF, . . . → Read More: Diversified Energy Exposure: Top Trade Opportunities
By admin, on April 3rd, 2022
Q1 hasn’t been easy for investors. In fact, the stock market had one of its worst starts to a year in history, rivaled by the GFC and great depression. Of course, Bitcoin as a high beta asset hasn’t been immune to the drop in stocks, falling over 13% (at the time of writing) . . . → Read More: Bitcoin Price Forecast Q2 2022: Still Not Immune from Market Risk
By admin, on April 3rd, 2022
Short EUR/CAD on Elevated Oil Prices and Stark Monetary Policy Divergence
The first quarter of 2022 ended with the US dollar, Australian dollar and Canadian dollar as standout performers while the Turkish Lira, Russian Ruble, Japanese Yen and the Euro were among the worst performers (against the dollar). I favor the commodity currencies . . . → Read More: Short EUR/CAD: Top Trade Opportunities
By admin, on April 3rd, 2022
As 2021 wound to a close, the animal spirits that had become the stock market for much of the previous year were being broken. Then in Q1 the market itself broke. The recent decline was deep, but hardly brutal.
It could be the shot across the bow. The rally that began late . . . → Read More: Short SPX: Top Trade Opportunities
By admin, on April 3rd, 2022
Japanese Yen First Quarter Recap
The anti-risk Japanese Yen put in a dismal performance during the first quarter of 2022, particularly as March wrapped up. A majors-based Japanese Yen Index that averages JPY against USD, AUD, GBP and EUR fell as the S&P 500 and 10-year Treasury yield climbed.
Stocks and . . . → Read More: JPY Forecast Q2 2022: Will Inflation Surpass the Bank of Japan’s Target?
By admin, on April 3rd, 2022
Putting money in store of value investments like gold, real estate, stocks and crypto helps curb inflation.
As cash loses purchasing power over time, keeping cash leads to people losing their savings. This has prompted people to put their money in store of value investments such as gold, real estate, stocks . . . → Read More: Is Bitcoin a hedge against inflation?
By admin, on April 3rd, 2022
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 Crypto industry fires back after EU vote to block . . . → Read More: Axie Infinity hacked for $612M, OpenSea expands support to Solana, EU’s unhosted wallet regulations cause a stir: Hodler’s Digest, March 27-April 2
By admin, on April 2nd, 2022
Crypto is the next big thing in Indonesia. According to the Ministry of Trade, transactions for currencies like Bitcoin (BTC) grew over 14 times from a total of 60 trillion rupiahs ($4.1 billion) in 2020 to a total of 859 trillion rupiahs ($59.83 billion) in 2021.
It’s getting to the point where crypto . . . → Read More: Indonesia’s cryptocurrency community in 2022: An overview
By admin, on April 2nd, 2022
A recent whale alert misassociated an F2pool cold wallet with Bitcoin (BTC) exchange Mt. Gox, which transferred 6,800 BTC to an unknown wallet just days after the former CEO Mark Karpeles revealed plans to redistribute BTC worth $6 billion to its creditors.
Mt. Gox was a Tokyo-based Bitcoin exchange that shut down in Feb. . . . → Read More: Update: Mt. Gox 6,800 BTC not linked with ex-CEO’s plans to redistribute $6B
By admin, on April 2nd, 2022
Bitcoin (BTC) consolidated above the 2022 yearly open on April 2 after a return to form briefly saw bulls reclaim $47,000.
BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC price holds “crucial” long-term support
Data from Cointelegraph Markets Pro and TradingView showed BTC/USD circling $46,600 Saturday on the back of a clear bounce at long-term . . . → Read More: Bitcoin regains yearly open as trader says $50K next week ‘might be likely’
By admin, on April 2nd, 2022
Following the successful completion of its initial parachain auctions, the Polkadot (DOT) ecosystem has begun to gain traction with the cryptocurrency community as the first chains begin to come online and integrate with Ethereum (ETH).
Astar (ASTR) is one such Polkadot-based project that finished off the month of March on a hot streak after . . . → Read More: Astar (ASTR) price doubles as the network prepares to add 15 new projects in April
By admin, on April 1st, 2022
Bitcoin (BTC) has clawed back much of the losses that took place in January and now the focus of traders shifts to April, which has historically been a strong month for the cryptocurrency. According to Coinglass data, Bitcoin has closed April in the red on onlthree occasions and the worst monthly loss was a 3.46% . . . → Read More: Price analysis 4/1: BTC, ETH, BNB, SOL, XRP, ADA, LUNA, AVAX, DOT, DOGE
By admin, on April 1st, 2022
Cointelegraph Magazine talks to some of the leading Metaverse founders to discover their secret sauce for Web3.
Featuring co-founder of The Sandbox Sebastien Borget, co-founder of Upland Idan Zuckerman, head of metaverse growth of Unique Network Irina Karagyuar, chief marketing officer of Univers Peter Nguyen, co-founder of Alien Worlds Sarojini McKenna, co-founder of Immersys . . . → Read More: How to make a Metaverse: Secrets of the founders
By admin, on April 1st, 2022
Investors tend not to complain about a price rally, except when the chart presents steep downside risks. For example, analyzing Ether’s (ETH) current price chart could lead one to conclude that the ascending channel since March 15 is too aggressive.
Ether price at FTX, in USD. Source: TradingView
Thus, it is only natural for . . . → Read More: Traders predict $3,800 Ethereum, but multiple data points suggest otherwise
By admin, on April 1st, 2022
Volatility is back in full force in the cryptocurrency market and the price of Bitcoin (BTC) has undergone several $1,000 swings over the past few days and select altcoins have seen their prices surge to new highs after major announcements.
The big winners on March 31 include protocols that focus on interoperability between the . . . → Read More: IOST, SKALE Network and CELR gain 30% as traders call for an altseason
By admin, on March 31st, 2022
Digital asset manager Grayscale has published a report on smart contract platforms in which it likens the Ethereum (ETH) blockchain to the best and worst parts of New York City.
The report examines the granddaddy smart contract network Ethereum in comparison to newer competing blockchains such as Solana (SOL), Avalanche (AVAX), Polkadot (DOT), . . . → Read More: Ethereum is like the best and worst parts of New York: Grayscale
By admin, on March 31st, 2022
US STOCKS OUTLOOK: S&P 500, Dow Jones, and Nasdaq 100 trade lower as market sentiment sours Oil rallies on geopolitical tensions, sparking fears that rising energy prices will translate to higher inflation and thus aggressive monetary tightening In this article we explore key technical levels for the S&P 500 and Nasdaq 100
Most . . . → Read More: S&P 500, Nasdaq 100 Slip on Inflation Jitters as Geopolitical Risk Boosts Oil Prices
By admin, on March 31st, 2022
On Wednesday, DeFi Technologies announced that its subsidiary Valour reached $274.2 million in assets under management. The company offers various cryptocurrency-denominated exchange-traded products, or ETPs, listed on European exchanges.
Cointelegraph previously reported that Valour launched two such ETPs involving Uniswap (UNI) and Polkadot (DOT) last year. For each exchange-traded product of Valour that . . . → Read More: DeFi Technologies subsidiary Valour surpasses $274 million in AUM
By admin, on March 31st, 2022
Canadian Dollar Talking Points
USD/CAD trades to a fresh yearly low (1.2429) as commodity bloc currencies continue to outperform against the Greenback, and the exchange rate may depreciate over the remainder of the week as it fails to defend the opening range for 2022.
Advertisement USD/CAD Fails to Defend 2022 Opening Range Ahead . . . → Read More: USD/CAD Fails to Defend 2022 Opening Range Ahead of US PCE, NFP Reports
By admin, on March 31st, 2022
The decentralized finance (DeFi) market has been undergoing a period of maturation over the past year and many of last year’s fast risers have faded into obscurity but this does not mean the formerly “famous” protocols have not continued to build.
One blue-chip project that is regaining momentum is Aave (AAVE), a non-custodial liquidity . . . → Read More: Aave v3 launch triggers 50% rally from long-term descending channel pattern
By admin, on March 30th, 2022
Advertisement Euro Outlook: Euro strength is emerging on a more consistent basis across the major EUR-crosses as the Russian invasion of Ukraine appears to be in its final stages. A ceasefire would allow the European Central Bank to move more aggressively on interest rates to tame inflation pressures, which would help close the . . . → Read More: Euro Technical Analysis: Consistent Narrative Forming for EUR/GBP, EUR/JPY, EUR/USD
By admin, on March 30th, 2022
Bitcoin’s (BTC) rally is taking a breather near the 200-day simple moving average (SMA) and that has resulted in what is either a minor pullback or consolidation in BTC and select altcoins.
In the last few days, Terraform Labs has been on a Bitcoin buying spree. The wallet address, which has been speculated to . . . → Read More: Price analysis 3/30: BTC, ETH, BNB, XRP, ADA, LUNA, SOL, AVAX, DOT, DOGE
By admin, on March 30th, 2022
CRUDE OIL PRICE OUTLOOK: WTI prices jump more than 2.5% after a brief correction Tuesday Reports that Russia has failed to deliver on its promise to reduce military activity in Ukraine weigh on sentiment and exacerbate fears that energy supplies will be further disrupted In this article we look at the key technical levels . . . → Read More: Oil Gains on High Geopolitical Risk Premium, Market Braces for Energy Trade Disruptions
By admin, on March 30th, 2022
Alex Gladstein, the chief strategy officer at the Human Rights Foundation, says that if Bitcoin was adopted as a global reserve currency, nation-states would be less incentivized to start wars.
According to Gladstein, the United States was able to sustain its “forever wars” in Iraq and Afghanistan mainly by borrowing capital. That . . . → Read More: Why the rise of a Bitcoin standard could deter war-making
By admin, on March 30th, 2022
Bitcoin (BTC) sentiment is seeing its first significant test of the rally to year-to-date highs as bullish gains dry up.
The start of Wall Street trading on March 30 failed to induce a fresh advance on BTC/USD, which threatened to lose support at $47,000.
From “extreme fear” to “greed” in one week
After . . . → Read More: Bitcoin sentiment hits ‘greed’ in 2022 first amid calls for $45K BTC price pullback
By admin, on March 30th, 2022
US Dollar Market Update: Advertisement Commodity Overview – Gold & Oil bounce back from support
Over the past two years, the economic implications of the Covid-19 pandemic has forced central banks to implement quantitative easing measures in an effort to avoid a global recession.
As interest rates fell to near-zero, commodity . . . → Read More: US Market Open: Oil and Gold Rebound, USD Weakness Lifts EUR/USD
By admin, on March 30th, 2022
Panelists at the recent MENA Climate Week 2022 examined how blockchain technology can contribute to green initiatives.
Hosted by the United Arab Emirates Ministry of Climate Change and Environment, Dubai Electricity and Water Authority, and World Green Economy Organization, along with various institutions under the United Nations Environment Programme and in partnership with renewable . . . → Read More: MENA Climate Week notes blockchain’s potential for climate action
By admin, on March 30th, 2022
“Anyone who says that David Gerard personally stopped their crypto getting into Wikipedia is a fuckwit,” says editor, Wikimedia spokesman and professional crypto hater David Gerard in his typically no-nonsense fashion.
“There are a lot of fuckwits.”
When Gerard is not passionately arguing against cryptocurrencies in Wikipedia editor discussions, the author of the 2017 . . . → Read More: Crypto critics: Why do they bother? Can FUD be useful?
By admin, on March 30th, 2022
ConsenSys-owned MetaMask tweeted a thread of updates on Tuesday for iPhone and Apple Pay users. The main feature is the ability to buy cryptocurrency using a debit or credit card through the mobile application, eliminating the need to transfer Ether (ETH) from a centralized exchange like Coinbase into the application.
. . . → Read More: MetaMask rolls out Apple Pay integration and other iOS updates
By admin, on March 30th, 2022
Ether (ETH) price jumped 11% between March 26 and March 29 to reach $3,480, which is the highest level in 82 days. Currently, the price is down 9% year-to-date. Does data support the belief that the altcoin has resumed its uptrend toward a new all-time high?
Institutional investors seem excited that the CoinShares Digital . . . → Read More: Pro traders curb their enthusiasm until Ethereum confirms $3,400 as support
By admin, on March 30th, 2022
Australian Dollar Talking Points
AUD/USD snaps the recent series of higher highs and lows after trading to a fresh yearly high (0.7540) at the start of the week, and the exchange rate appears to be reversing ahead of the October high (0.7556) as the recent rally fails to push the Relative Strength Index . . . → Read More: AUD/USD Rally Fails to Push RSI Into Overbought Zone
By admin, on March 30th, 2022
This week Gnosis (GNO) price notched a swift 50%+ rally after the project took another step forward in its transition to the Coincidence of Wants Procotol, or CoW, an interface that offers traders protection from miner extracted value (MEV).
Data from Cointelegraph Markets Pro and TradingView shows that the price of GNO has . . . → Read More: Gnosis (GNO) price rallies 50%+ after CowSwap users claim COW airdrop
By admin, on March 29th, 2022
By admin, on March 29th, 2022
According to local news outlet Arabian Business, Citizens School, located in Dubai, will accept tuition payments denominated in Bitcoin (BTC) or Ethereum (ETH). Payments using digital assets are facilitated via an unnamed processing platform and are automatically converted into United Arab Emirates Dirhams (AED). Dr Adil Alzarooni, the founder of Citizens School, commented:
. . . → Read More: Dubai school will welcome tuition payments in Bitcoin and Ethereum
By admin, on March 29th, 2022
The U.S. Commodity Futures Trading Commission, or CFTC, has released its Fiscal Year 2023 (FY2023) budget request, seeking $365 million. This marks a 9.9% increase over the previous year and 20% over FY2021. The commission regulates the country’s derivatives market and has been increasingly active in recent years in policing financial products that . . . → Read More: CFTC looks at expanded authority to regulate crypto, for less than a 10% budget increase
By admin, on March 29th, 2022
EURO OUTLOOK: EUR/USD soars and rises to its best level since March 17 News that Russia has decided to drastically reduce combat operations in some cities in Ukraine to add momentum to cease-fire negotiations boosts appetite for riskier currencies while weighing on the U.S. dollar In this article we explore key technical levels for . . . → Read More: EUR/USD Blasts Higher as Russia-Ukraine Peace Talks Spark Optimism. Now What?
By admin, on March 29th, 2022
MacroStrategy, a subsidiary of business intelligence firm MicroStrategy, said it will purchase Bitcoin after obtaining a multimillion dollar loan from Silvergate Bank.
In a Tuesday announcement, MicroStrategy said Silvergate issued a $205 million loan “secured by certain Bitcoin held in MacroStrategy’s collateral account.” The firm’s subsidiary MacroStrategy will be using the proceeds of . . . → Read More: MicroStrategy subsidiary will purchase Bitcoin after closing $205M crypto-collateralized loan
By admin, on March 29th, 2022
According to Axie Infinity’s official Discord and Ronin Network’s official Twitter thread, along with its Substack page, the Ronin bridge and Katana Dex have been halted after suffering an exploit for 173,600 Ethereum (ETH) and 25.5 million USD Coin (USDC), worth a combined $612 million at Tuesday’s prices. In a statement, its developers . . . → Read More: Axie Infinity’s Ronin bridge hacked for over $600M
By admin, on March 29th, 2022
US Dollar, Gold, Oil Talking Points: Gold (XAU/USD) takes strain above $1,900 Oil continues to fall as Russia Ukraine talks adopt a more optimistic stance US Dollar retracts, risk-on sentiment limits gains S&P 500, NASDAQ (US Tech 100), DJI (Wall Street 30) climb. Is risk-on sentiment back? Advertisement Will an Agreement Between Russia and . . . → Read More: US Market Open: Ukraine and Russia Resume Talks, Gold, Oil Retreat
By admin, on March 29th, 2022
“The Market Report” with Cointelegraph is live right now. On this week’s show, Cointelegraph’s resident experts discuss the best altcoins to buy for under $3.
But first, market expert Marcel Pechman carefully examines the Bitcoin (BTC) and Ether (ETH) markets. Are the current market conditions bullish or bearish? What is the outlook for . . . → Read More: What are the best altcoins you can buy for under $3? | Find out now on The Market Report
By admin, on March 29th, 2022
Cryptocurrencies have come a long way over the last few years, so much so that their market capitalization is now above the $2 trillion mark, and large businesses including Tesla and MicroStrategy have invested billions in Bitcoin (BTC).
While institutional investments in crypto assets have been growing over the last few years, discussion on . . . → Read More: Kitchen table Bitcoin: How should average investors approach crypto?
By admin, on March 29th, 2022
S&P 500, Nasdaq 100, Dow Talking Points:
Stocks have continued their post-FOMC ramp and the S&P 500 has already set a fresh two-month-high. The big driver for this morning is continued hope for de-escalation in Ukraine, with reports that Russia was withdrawing forces from Kyiv. This helped U.S. equities to gap at the . . . → Read More: S&P 500, Nasdaq 100, Dow Price Forecasts: Stocks Gap Up to Fresh Highs
By admin, on March 29th, 2022
Engiven, an enterprise cryptocurrency donation platform, is working to simplify tax reporting for cryptocurrency donors and nonprofits by launching a tax form and appraisal service for crypto donations.
The Engiven platform now allows nonprofits and donors to automatically generate the Internal Revenue Service (IRS) tax form, the firm announced Tuesday.
According to Engiven, . . . → Read More: Crypto donation startup launches IRS form as US tax season looms
By admin, on March 29th, 2022
The Metaverse may be an emerging concept, but the impact that virtual game-like worlds can have on the trillion-dollar retail industry was recently demonstrated during Metaverse Fashion Week (MVFW). This entirely virtual experience was held from March 24–27, 2022, in Decentraland, a decentralized virtual social platform on the Ethereum blockchain. The online event attracted . . . → Read More: NFT adoption: Tokens take the runway at Metaverse Fashion Week
By admin, on March 29th, 2022
This past weekend, Decentraland hosted the Metaverse Fashion Week, or MVFW, a four-day digital fashion event that staged wearables on virtual runways, organized discussion panels and housed shopping experiences. A lineup of both legacy luxury labels and digital brands participated including Dolce & Gabbana, Etro, Tommy Hilfiger, Estée Lauder and Elie Saab.
Meanwhile, digital-native . . . → Read More: Nifty News: Luxury brands join Decentraland‘s Metaverse Fashion Week
By admin, on March 29th, 2022
Bitcoin (BTC) and several altcoins surprised many with their newfound strength during the weekend. Bitcoin’s rally easily sliced through the $45,900 level, which according to Glassnode was an area of resistance because several investors had purchased near that level when Bitcoin was declining after hitting its all-time high in November.
Bitcoin’s strength may have . . . → Read More: Price analysis 3/28: BTC, ETH, BNB, XRP, ADA, LUNA, SOL, AVAX, DOT, DOGE
By admin, on March 29th, 2022
EUR/USD Rate Talking Points
The range-bound price action in EUR/USD appears to be unraveling as it clears last week’s low (1.0961), and fresh developments coming out the US may keep the exchange rate under pressure as the Federal Reserve shows a greater willingness to normalize monetary policy at a faster pace.
Advertisement EUR/USD . . . → Read More: EUR/USD Rate Vulnerable to Rising US Inflation and Employment
By admin, on March 28th, 2022
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Advertisement FX Week Ahead Overview: The final week of March sees several ‘high’ rated economic releases from the world’s three largest economies: China, the Eurozone, and the United States. The Chinese manufacturing PMI for March should reveal how recent lockdowns have weighed on economic activity. Incoming inflation data from the . . . → Read More: FX Week Ahead – Top 5 Events: Chinese Manufacturing PMI; US PCE Index; Eurozone Inflation Rate; US NFP; US ISM Manufacturing
By admin, on March 28th, 2022
US TREASURY YIELDS AND SHY OUTLOOK U.S Treasury rates have soared in recent weeks amid hawkish repricing of Fed’s monetary policy outlook The short-end of the curve has experienced the largest moves, with the 2-year yield up approximately 88 basis points to 2.32% in March With short-dated yields on the rise, SHY will remain . . . → Read More: US Bond Yields Biased Higher on Hawkish Fed, SHY at Risk of Further Losses
By admin, on March 28th, 2022
“Stargate Finance” has been trending on Twitter for the past week and while it’s too early to call for a full-blown DeFi bull market, traders have been shoveling funds into the project, which claims to be a “composable omni-chain native asset bridge.”
Data from Cointelegraph Markets Pro and TradingView shows STG was listed on . . . → Read More: Interoperability-focused Stargate Finance (STG) aims to kick off DeFi 3.0
By admin, on March 28th, 2022
Bitcoin (BTC) went on to hit its highest level since Jan. 2 on March 28’s Wall Street open as its latest bull run kept up the pace.
BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC dip nonessential but “would be healthy”
Data from Cointelegraph Markets Pro and TradingView showed BTC/USD reaching $47,900 on Bitstamp, just . . . → Read More: Bitcoin price could return to all-time highs if $46K holds — Analysts
By admin, on March 28th, 2022
Nasdaq 100, Oil, Russia, Ukraine, US Treasury Yields – Talking Points Nasdaq 100 points higher toward 15,000 key threshold Important to be wary of month-end, quarter-end this week
The Nasdaq 100 Index continues to push higher during Monday’s session, leading other major US equity benchmarks higher. Monday’s session saw massive moves in the . . . → Read More: Nasdaq 100 Forecast: Tech Stocks Choppy in Monday’s Session, 15,000 Threshold Eyed
By admin, on March 28th, 2022
FTSE, DAX News: DAX & FTSE threaten overbought territory. Stocks shrug off growth concerns. German 40 Index leads gains in equity indices as prices remain supported by key technical levels. Growth outlook sours as China’s largest city, Shanghai enters into lockdowns. FTSE 100 holds onto gains despite elevated geopolitical risks. Advertisement DAX, FTSE Shrug . . . → Read More: FTSE, DAX Outlook: UK, EU Stocks Shrug Off Growth Concerns
By admin, on March 28th, 2022
A sharp reversal in the price of Bitcoin (BTC) out of an otherwise bearish technical setup has raised its chances of reaching $58,000 in Q2.
Bitcoin price bottoming out?
On the daily timeframe, Bitcoin broke out of its ascending triangle on March 27 to the upside, bringing the much-anticipated level of $50,000 within its range. . . . → Read More: Bitcoin to $58K next? A 2019-like ‘reversal ascending triangle’ hints at more upside for BTC
By admin, on March 28th, 2022
Coinbase is set to continue its global acquisition strategy, reportedly buying the Brazilian company 2TM, the parent company of Mercado Bitcoin.
According to information from Estadão, the third-largest newspaper in Brazil and read by 212 million o populace, the Coinbase acquisition could be complete by next month. Negotiations for the purchase have been taking . . . → Read More: Coinbase to reportedly buy the $2.2B Brazilian unicorn behind Mercado Bitcoin
By admin, on March 28th, 2022
Cardano founder Charles Hoskinson gave a keynote speech on the first day of this year’s Binance Blockchain Week, held at the Dubai World Trade Centre in the United Arab Emirates.
Addressing the audience, Hoskinson used his keynote to discuss topics like Bitcoin (BTC), Web3 and philosophy, bringing up topics like what happens next . . . → Read More: Cardano founder talks about Web3 and the comfort of Bitcoin at Binance Blockchain Week
By admin, on March 28th, 2022
It took Ethereum’s native token Ether (ETH) only two months to recover from a brutal selloff at the beginning of 2022.
ETH price breaks out but risks remain
ETH price reached near $3,350 on March 28 after rallying by over 30% in just two weeks, and by more than 50% when measured from its . . . → Read More: Ethereum risks ‘double-bust’ drop despite ETH price rebounding 30% in two weeks
By admin, on March 28th, 2022
Bitcoin (BTC) is attempting to notch its second successive weekly gains and end at the highest weekly closing price year-to-date. According to on-chain data from Glassnode, the recovery in Bitcoin’s price was driven by demand in the spot markets. This is likely to cheer the bulls because history suggests that spot market demand leads . . . → Read More: Top 5 cryptocurrencies to watch this week: BTC, ADA, AXS, LINK, FTT
By admin, on March 27th, 2022
Cointelegraph is following the development of an entirely new blockchain from inception to the mainnet and beyond through its series, Inside the Blockchain Developer’s Mind, written by Andrew Levine of Koinos Group.
Scalability is a popular topic in blockchain, but few ever explain what we mean by that term. When we at Koinos Group . . . → Read More: Inside the blockchain developers’ mind: What is the ultimate scaling solution?
By admin, on March 27th, 2022
Global market sentiment was a mixed bag this past week. Strong gains were seen on Wall Street as the Nasdaq 100 and Dow Jones gained about 2.3% and 0.33% respectively. Equities in Europe were mixed, with the FTSE 100 rallying 1% as the DAX 40 declined 0.74%. In Asia, the Nikkei 225 roared . . . → Read More: Markets Week Ahead: Dow Jones, US Dollar, Australian Dollar, Euro, NFPs, China PMI
By admin, on March 27th, 2022
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Weekly Fundamental Crude Oil Price Forecast: Neutral As the Russian invasion of Ukraine presses into its second month, there are no signs that energy supply chain concerns are going to abate. A new Iran nuclear deal could be reached in the coming days, but the impact of new energy supplies has . . . → Read More: Weekly Fundamental Crude Oil Price Forecast: Supply Concerns Remain Intact
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