|
|||||
 |
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 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 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’ 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 “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? 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 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 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 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 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 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 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? 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 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 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 “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 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? 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 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 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 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 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 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 [embedded content] 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 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 “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 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 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 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 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 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 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 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 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 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? 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 Advertisement 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 Advertisement Fundamental Forecast for the US Dollar: Neutral US Treasury yields continue to rise in accordance with rapidly escalating Fed rate hike odds, underpinning US Dollar strength. The March US nonfarm payrolls report on Friday may be dwarfed by the ongoing commentary from Federal Reserve policymakers that a 50-bps rate hike is . . . → Read More: Weekly Fundamental US Dollar Forecast: Rate Hike Odds Buoy the Buck 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 Mitch Liu, co-founder and CEO of Theta Labs — a decentralized video streaming platform powered by users . . . → Read More: 6 Questions for Mitch Liu of Theta Labs Recent weeks saw a massive surge of the so-called privacy coins’ prices — namely Monero (XMR), Dash (DASH), Zcash (ZEC) and Haven Protocol (XHV). As many other cryptocurrencies and the industry at large faced immense regulatory pressure amid the war in Ukraine, one narrative that began taking hold in the crypto space was . . . → Read More: Privacy coins are surging. Will regulatory pressure stall their stellar run? Stocks Fundamental Forecast: Bearish Wall Street, especially tech stocks, see best 2-week performance in years Monetary policy continues to work against the favor of equity markets Nasdaq 100, S&P 500 and Dow Jones eyeing PCE and US jobs data On Wall Street, the stock market saw strong 2-week performances. Dow Jones and S&P . . . → Read More: Nasdaq 100, Dow Jones, S&P 500 Forecast: 2-Week Win Streak at Risk as PCE, NFPs Near Bitcoin (BTC) saw a fresh spike to near $45,000 overnight into March 27 as the weekend looked set to deliver a decisively bullish close. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Weekly close of key importance Data from Cointelegraph Markets Pro and TradingView showed BTC/USD grinding back to higher levels seen days previously after a . . . → Read More: Bitcoin on track to see its highest weekly close of 2022 The Brazilian city of Rio de Janeiro will officially start accepting Bitcoin (BTC) payments for taxes related to urban real estate within their city limits, a.k.a. Imposto sobre a propriedade predial e territorial urbana (IPTU). As reported by Cointelegraph Brazil, the new pro-crypto tax laws will be implemented from 2023, which was announced by . . . → Read More: Rio de Janeiro to accept Bitcoin for real estate taxes from 2023 EUR/USD Price, Chart, and Analysis EUR/USD – a confirmed break of 1.1000 will set up a run at 1.0800 Inflation data from the single block may heap pressure on the ECB. The ramping up of hawkish Fed rhetoric, and the knock-on move higher in US Treasury bond yields, continue to apply downward pressure . . . → Read More: Euro Fundamental Forecast: EUR/USD Clinging on to 1.1000, Inflation Data Nears 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 NFT creator Yuga Labs raises $450M, bringing company valuation . . . → Read More: Yuga Labs fetches $450M in funding, Charles Hoskinson’s prediction falls short and spot BTC ETFs incoming? Hodler’s Digest, March 20-26 Gold Price Talking Points The price of gold appears to have reversed ahead of the 50-Day SMA ($1888) as it extends the advance from the monthly low ($1895), and fresh data prints coming out of the US may fuel the recent advance in the precious metal as the Federal Reserve’s preferred gauge for . . . → Read More: Gold Price Eyes Yearly High with US PCE Price Index on Tap Filling multiple needs within the cryptocurrency community is one way a project can set itself apart from the competition and new attract users and liquidity to its ecosystem. Loopring aims to do exactly this by aiming to offer a EVM-based solution with low fees where DeFi and NFT developers and investors can transact. The . . . → Read More: Loopring (LRC) price surges by 50% after GameStop NFT marketplace integration What is an NFT? NFTs are nonfungible tokens. The adjective “nonfungible” is often used in economics to represent features such as uniqueness and non-interchangeability. In the crypto space, nonfungibility simply indicates that one item cannot be exchanged for another. A “token” as a unit of account is basically a certificate of validity stored . . . → Read More: How to convert your digital art into NFTs and sell it Bitcoin (BTC) took a breather from its latest upside on March 26 after predicted resistance kicked in just under the yearly open. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin fakeouts: Third time’s the charm? Data from Cointelegraph Markets Pro and TradingView showed BTC/USD lingering around $44,500 Saturday, preserving the lion’s share of the week’s . . . → Read More: Bitcoin sellers keep BTC price action in check amid $45K ‘fakeout’ warning The Office of Science and Technology Policy (OSTP), an Executive Office of the President of the United States, commenced a study to identify the scope for offsetting energy use and climate changes related to digital assets. On March 9, United States President Joe Biden signed an executive order, directing various federal agencies to . . . → Read More: White House office seeks public opinion on crypto-climate implications Last month, cultural critic Alison P. Davis published an article in The Cut titled “A Vibe Shift is Coming. Will Any of Us Survive It?” The “vibe shift” Davis was referring to had nothing to do with crypto. She was referring to a sea change in pop culture and social trends, particularly in view . . . → Read More: Love it or hate it, crypto’s vibe shift is now imminent Citing compliance with local jurisdictions, crypto exchange Coinbase announced to soon collect additional information from users based in Canada, Singapore and Japan. Effective from April 1, Coinbase users from Canada, Singapore and Japan will be required to provide additional information while sending cryptocurrencies to a different (non-Coinbase) platform. However, while Singaporean and Japanese investors . . . → Read More: Coinbase to track off-platform crypto transfers in Canada, Singapore, Japan Gold has served as a store of value for thousands of years. Due to this, investors have widely used it as a hedging tool against the effects of recessions and inflation often caused by geopolitical tensions. In light of recent events such as the COVID-19 pandemic and, more recently, the military crisis between Russia . . . → Read More: After years of doubts and concerns, it is finally Bitcoin’s time to shine Australian Dollar Fundamental Forecast: Bullish Aussie Dollar underpinned by commodity prices and rebounding sentiment March PMI data shows Australia’s economic recovery is strengthening RBA rate hike bets key to AUD/USD’s direction as potential risks linger The Australian Dollar has been on a tear versus most of its major peers in recent weeks, boosted . . . → Read More: Australian Dollar Fundamental Forecast: AUD/USD Eyes Economic Data as RBA Hike Bets Increase Investing in any financial asset can be a tricky exercise, but this is especially true for the fast-paced cryptocurrency market, which comes with its own unique set of pitfalls and challenges. A popular saying dictates that it takes 10,000 hours to master a skill and become an expert. In cryptoland time, this is . . . → Read More: Making a crypto fortune is easy, but here are 5 rules to follow to keep it This week Bitcoin (BTC) and select altcoins broke above their immediate resistance levels and moved higher, which propelled the total crypto market capitalization above $2 trillion on March 24. One of the triggers that could have driven crypto prices higher was BlackRock CEO Larry Fink’s letter to shareholders where he said that the Russia-Ukraine . . . → Read More: Price analysis 3/25: BTC, ETH, BNB, XRP, ADA, LUNA, SOL, AVAX, DOT, DOGE Strong inflows into the ProShares Bitcoin Strategy exchange-traded fund (ETF) (BITO) in the past two weeks pushed its Bitcoin (BTC) exposure to a new record high. No Bitcoin outflows despite ‘rollover’ risks The fund, which uses futures contracts to gain exposure to Bitcoin’s price movements, had a record 28,450 BTC under its management — worth . . . → Read More: ProShares ETF’s Bitcoin stash hits $1.27B as BTC eyes $50K by mid-April The week-long uptrend in the cryptocurrency market has begun to awaken bullish crypto investors and the successful March 15 launch of the Ethereum “merge” on the Kiln testnet has the community excited about the upcoming switch to proof-of-stake (POS). Data from Cointelegraph Markets Pro and TradingView shows that since the successful launch on Kiln, . . . → Read More: Ethereum price hits $3.2K as anticipation builds ahead of the ‘Merge’ GBP/USDFUNDAMENTAL HIGHLIGHTS: Bank of England Rate Expectations Remain Far Too Aggressive GBP/JPY Rise to Persist in Month End The recent dovish BoE rate hike, in which the Bank voted in an 8-1 split to hike 25bps. The Pound alongside rate expectations remain supported. However, while the lone dissenter who voted for the . . . → Read More: GBP/USD Weekly Forecast: GBP/JPY Spiral to Continue Into Month-End Bitcoin (BTC) was up nearly 5% in 24 hours at the Wall Street open on March 25, but a new warning sign was giving traders cold feet. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitfinex whale flips to sell mode Data from Cointelegraph Markets Pro and TradingView confirmed BTC/USD hitting multi-week highs of $45,137 on . . . → Read More: Beware the Bitfinex whale: New $45K BTC sell wall appears amid worries Bitcoin could retrace In Europe, “Bitcoin only” is a growing trend, as more and more consumers and companies are hardening their resolve that Bitcoin (BTC) is the only digital asset worth holding. Bitcoin-only exchanges and brokers are places to stack sats, not “gamble” on Ether (ETH), or trade “garbage” that looks like “venture investments.” That’s according to the . . . → Read More: Shitcoins are ‘garbage’: Bitcoin-only brokers on freedom and finance It’s not every day that a country’s leader endorses a cryptocurrency project. Nayib Bukele, the President of orange-pilled El Salvador, was the first leader to endorse Bitcoin (BTC). Now, the prime minister of Vanuatu, the Honourable Bob Loughman, has officially given the green light to Satoshi Island. The Vanuatu government approval, which Satoshi . . . → Read More: Vanuatu prime minister says yes to Satoshi Island crypto project Leumi Bank, one of the largest lenders in Israel, has reportedly started to accept Bitcoin (BTC) and Ether (ETH) trading. According to a Thursday report by Reuters, Pepper Invest, Leumi’s digital platform, has partnered with blockchain infrastructure provider Paxos to launch crypto trading. Pepper Invest clients can now buy, sell and hold cryptocurrencies using . . . → Read More: Top Israeli bank to accept BTC and ETH trading through Paxos’ collaboration USD/CAD Price, Chart, and Analysis The Loonie continues to benefit from a red-hot oil complex. The move lower is stalling ahead of strong support. For a list of all market-moving data releases and events see the DailyFX Economic Calendar The drift lower today in oil has taken the heat out of . . . → Read More: USD/CAD Forecast: Heavy Sell-Off Stalls Ahead of Multi-Week Support Bitcoin (BTC) closed in on its highest level of the month on March 25, with traders hoping for an end to months of consolidation. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Terra’s BTC stash nears $1 billion Data from Cointelegraph Markets Pro and TradingView showed BTC/USD cementing recent gains to hit $44,698 on Bitstamp Friday. . . . → Read More: What are the BTC price levels to watch as Bitcoin nears March peak? Australian Dollar Analysis and Talking Points Australian Dollar to Find Support on Dips IG Client Sentiment Remains Bullish for the Aussie Australian Dollar to Find Support on Dips The Australian Dollar goes from strength to strength as firmer commodity prices underpins. This has somewhat shielded the currency from the recent geopolitical . . . → Read More: Australian Dollar Forecast: AUD/USD Risks Tilted Towards Further Gains Japanese Yen, USD/JPY News and Analysis BoJ Governor Kuroda favors yen depreciation despite expressing caution around the drawbacks USD/JPY to rise further on the back of comments, 125 in sight IG client sentiment remains heavily net-short but signs of short covering emerge Advertisement BoJ’s Kuroda Favors Yen Weakness The Bank of Japan’s Governor . . . → Read More: USD/JPY Price Forecast: BoJ Favors Yen Weakness, Bull Run to Continue Japanese Yen, USD/JPY, AUD/USD, Oil, Market Sentiment – Talking Points Asia-Pacific equity markets eye a bright finish to the week after US stocks rise Oil prices pulled back overnight as NATO aims to supply more arms to Ukraine USD/JPY breaks above the 2016 high, with oscillators pointing to more gains Friday’s Asia-Pacific Outlook . . . → Read More: USD/JPY Breaches 2016 High as APAC Traders Eye Risk-On Session US STOCKS OUTLOOK: S&P 500 jumps 1.43% and reclaims its 200-day simple moving average Nasdaq 100 soars 2.2% at the market close, reaching its highest level since February 11th. In this article we explore key technical levels for the S&P 500 and Nasdaq 100 Most read: DAX 40 and CAC 40 Technical Forecast . . . → Read More: S&P 500, Nasdaq 100 Soar as Traders Weigh Economic Resilience vs. Geopolitical Risks Play-to-earn (P2E) gaming was one of the hottest sectors in the cryptocurrency market in 2021 and based off the recent moves of Yuga Labs and Bored Ape Yacht Club, the gaming industry could continue to be a winner in 2022. Axie Infinity was the first game to really capture widespread attention and highlight the . . . → Read More: Axie Infinity (AXS) price reverses course with 50%+ gain ahead of Origin launch Australian Dollar Talking Points AUD/USD trades to a fresh yearly high (0.7528) as it extends the series of higher highs and lows from the start of the week, and the rally may push the Relative Strength Index (RSI) into overbought territory for the first time in 2022 as it appears to be on . . . → Read More: AUD/USD Eyes October High as RSI Approaches Overbought Territory Ether (ETH) bulls have a few good reasons to celebrate the 20% gain between March 14 and March 24. The price increase surprised many and led to the first daily close above $3,000 in 34 days. Even with this move, Marc’s $2.4 billion Ether options expiry is somewhat uncertain because bears can easily profit . . . → Read More: Terra’s Bitcoin purchase and BlackRock comments back ETH’s surge to $3.1K Bitcoin (BTC) and the broader cryptocurrency market rallied on Thursday, as the total value of digital assets crossed $2 trillion for the first time in over three weeks amid signs of a clear shift in market sentiment — headlined by Goldman Sachs, no less. BTC printed an intraday high of $44,253, having gained more . . . → Read More: Crypto rallies to $2T market cap as institutions signal readiness to enter Advertisement Euro Outlook: Each major EUR-cross has its own story to tell; there’s no consistent technical theme among EUR/GBP, EUR/JPY, and EUR/USD rates. Buying dips in EUR/JPY may be appropriate, as would selling rallies in EUR/USD. But the chart offers no discernible direction for EUR/GBP. Per the IG Client Sentiment Index, each of . . . → Read More: Euro Technical Analysis: Divergence Among EUR/GBP, EUR/JPY, EUR/USD Eric Balchunas and James Seyffart, exchange-traded fund (EFT) analysts for Bloomberg, said that a proposed rule change with the United States Securities and Exchange Commission (SEC) could be the catalyst for the regulatory body approving a spot Bitcoin ETF in mid-2023. In a Thursday tweet, Balchunas said crypto platforms could fall under the . . . → Read More: SEC could approve spot Bitcoin ETFs as early as 2023 — Bloomberg analysts Morale across the cryptocurrency ecosystem is rising on March 24 as several days of positive moves have helped lift Bitcoin (BTC) back above $44,000 and Ether bulls took control at $3,100. The climbing price of BTC comes amid a backdrop of surging inflation and rising interest rates, which could see up to seven hikes . . . → Read More: Bitcoin hits $44K, but traders want to see a few daily closes here before a move higher USD/CAD TECHNICAL FORECAST: USD/CAD has broken below confluence support near the 1.2600 zone, a bearish signal for price action The broader outlook remains tilted to the downside From a fundamental point of view, the Canadian dollar maintains a constructive profile Most read: Becoming a Better Trader – Fixing Mistakes, Working on Weaknesses . . . → Read More: Canadian Dollar Outlook: USD/CAD Poised for Further Losses After Support Breakout “Crypto became the largest driver for humanitarian help as well as some of military help for Ukraine,” said Illia Polosukhin, the co-founder of Near Protocol. Polosukhin, who was born and raised in Kharkiv, Ukraine, has been at the forefront of the crypto fundraising efforts aimed at supporting Ukraine against Russia’s offensive. Right after . . . → Read More: How crypto became a major source of relief for embattled Ukraine Japanese Yen, JPY, USD/JPY, AUD/JPY, CAD/JPY Talking Points: The Japanese Yen has been on an astounding run of weakness over the past two weeks, with multi-year highs printing in all of USD/JPY, AUD/JPY and CAD/JPY. The big question is why and the only logical rationale is central bank divergence, with the Bank of Japan . . . → Read More: Japanese Yen Technical Analysis: Massive Breaks in USD/JPY, AUD/JPY, CAD/JPY FTSE 100 News and Analysis As discussed in yesterday’s analysis, FTSE, DAX and other global indices have recently experienced a strong rebound off of the March lows as the return of ‘risk-on’ sentiment boosted the demand for stocks. Following an approximate 13.3% decline in the UK 100 Index from the February . . . → Read More: FTSE 100 Rejects Critical Resistance as Equity Rally Eases On March 9, United States President Joe Biden issued a quite comprehensive executive order that directs no less than two dozen cabinet members, departments and agencies in the government to study the benefits and detriments of blockchain technology for various aspects of the American economy. There has been a considerable amount already written about . . . → Read More: Powers On… Biden accepts blockchain technology, recognizes its benefits and pushes for adoption The cryptocurrency market continues to forge ahead on March 23 despite facing headwinds on multiple fronts. At the moment, global conflict, rising inflation and widespread economic uncertainty are taking a toll on financial markets and helping to highlight the need for a diversified investment portfolio. Altcoins have managed to gain some ground in recent . . . → Read More: Ethereum price breaks through $3K, but analysts warn that a retest is needed GameStop has confirmed its integration with Loopring (LRC), an Ethereum layer-2 zk-Rollup protocol designed for powering decentralized cryptocurrency exchanges, into their highly anticipated nonfungible token (NFT) marketplace. Adam Browman, Loopring’s head of growth, announced on Medium on Wednesday that the beta version of GameStop‘s marketplace had gone live. The future of #NFTs are here . . . → Read More: GameStop NFT Marketplace now live and powered by Loopring L2 |
|
|||
|
Copyright © 2024 bitcoin, btc, cryptocurrency, investment, trading, ptc, gpt, online business opportunity - All Rights Reserved |
|||||
