Despite some economic data being released yesterday, it didn’t impact the market much. However, traders eagerly anticipated today’s release of the Non-Farm Payroll (NFP) data, with investors expecting high employment rates. Mixed tones were vibrant across the market, with the USD dropping and equities softening. In addition, the bond market experienced heavy fluctuations. European yields […]
In a press release, an automated worldwide electronic broker, Interactive Brokers, rolled out a virtual crypto assets exchange in Hong Kong earlier this week; expert investors mentioned that the interactive Brokers platform could exchange ETH and BTC. According to the Hong Kong capital market regulations, investors with at least HKD eight million and organizations with […]
Ethereum (ETH) Ethereum started Wednesday with heavy fluctuations falling to $1,212 before the crypto began to rally. At $1,212, ETH avoided falling below the first key support level. A major or key support level is a price level at which there is a concentration of demand for an asset and acts as a floor. That […]
BTC and ETH joined the broad market slump on Friday. United States economic indicators underperformed predictions, sending risk assets further down. Cryptocurrency market conditions flashed bearishness early today. 2022’s last day opens with a bearish stance. Bitcoin and other cryptos, such as ETH, saw continued struggles as market headwinds deteriorated investor mood. Bulls should heighten […]
ETH attempts minor upticks towards the barrier of $1.2K. The price wavers under $1.2K and the 1hr 100-Simple Moving Average. Kraken data shows a break above a crucial bearish line with $1,195 resistance on the 1hr chart. ETH/USD remains susceptible to massive dips to $1.1K or even $1K. Ethereum continues its bearish narratives under the […]
2022 wasn’t a lucrative year for the cryptocurrency industry, following massive crashes and bankruptcy filings that restricted growth on any token. Though this year hit digital assets hard, some assets showed resilience, recording notable price moves – better than others. Let’s check the list. Ethereum Classic (ETC) Unlike ETH2.0, which arrived after the ETH merge, […]
In recent news, MoneyGram has incorporated digital assets exchange for its US subscribers. In this update, the financial institution temporarily supported digital assets like BTC, ETH, and LTC. The firm has also stated goals to accept multiple cryptocurrencies and extend the operation to more regions in the long term. Updates on MoneyGram’s Latest Service Addition […]
The European Commission presented a proposal on Wednesday, despite the skepticism of certain countries, notably Germany. Modifying the EU’s budgetary regulations was the suggestion. Governments need to do this so they can come up with personalized strategies. The strategies seek to reduce debt that is sustainable over the long run and tied to investments and […]
The stock market fell significantly on Wednesday. This came as Federal Reserve Chair Jerome Powell warned that inflation was still too high. He suggested that the Fed will be raising rates again shortly. Stocks Drop After Powell’s Remarks The Dow Jones Industrial Average’s closing price was 32,147.76. This is a drop of 505.44 points or […]
One of the earliest autonomous automated market makers is the Morphswap protocol. In DeFi, it works with several chains. The protocol’s implementation has increased the number of supported chains for asset bridging. Avalanche and optimism are included in the expansion. The first milestone of the procedure has been reached with this incident. Within two months […]
Thomas Moser, a Swiss National Bank board member, has voiced his concern. CBDC offers the most significant stability potential and provides the fewest dangers to DeFi’s growth, he says (SNB). Moser told Cointelegraph; stablecoins are sectors such as DeFi that need a stable currency to grow. The Push Toward Digital Asset Centralization In contrast to […]
The cryptocurrency industry seems to be thriving. This occurs while many fiat currencies throughout the world are losing value. Ethereum (ETH) and Bitcoin (BTC) are two examples of digital assets attracting investors’ attention. Bitcoin Has Attracted a Large Number of Investors The cryptocurrency market intelligence platform Messari released some new statistics on September 29. According […]
The software development company Meta has now released an official statement favoring NFT collectibles. The firm has made it plain that all Facebook and Instagram users in the US will have access to its services. Recent rollouts have included this feature. Meta Now Connects Cryptocurrency Wallets to Facebook and Instagram Meta began implementing NFT support […]
The United States Treasury Department announced that it was forced to take action against a cryptocurrency system (Tornado Cash). The reason was that it had been exploited to facilitate the laundering of more than $7 billion of virtual currency. The attack included $455 million stolen by a hacker group supported by North Korea. Tornado Cash […]
On September 20, 2022, Nasdaq, a large financial services provider, stated that it would establish a new cryptocurrency-centric business unit. Nasdaq Digital Assets aims to streamline the process for institutional investors. The new initiative will encourage large financial institutions to engage in the rapidly expanding cryptocurrency markets. Nasdaq Rivals Anchorage Digital and Coinbase Nasdaq Inc. […]
The number of individuals interested in purchasing digital collectibles is decreasing, and the sector as a whole is losing momentum. As a result, the amount of money that Ronin NFT made in sales fell below $1 million in August. During the first full week of September, Ronin experienced a lot of success when Sky Mavis, […]
The release of the fully accessible code for the CBDC sandbox in Norway is a major step forward in the country’s ambitions to develop its own form of digital money. In a post on their company blog, Nahmii, the official CBDC partner of the Norges Bank, announced the availability of a testing sandbox hosted on […]
Crypto mining firm, Hive Blockchain, is working to replace Ethereum mining with other mineable coins. The company is undertaking this project if ETH finally transitions to the PoS (proof-of-stake) consensus mechanism. Hive Working To Optimize Its ETH Mining Capacity On September 6th, the Canadian-based crypto mining company stated that it has been working on other […]
The trading value of Optimism (OP) has been undergoing significant growth in the past 30-days. Since the start of July, the trading value of Optimism has continued surging, which is due to its connection with Ethereum. Almost 300% Rally Recorded by Optimism The trading price of Optimism has experienced an almost 300% rally in the […]
With the chaos in the cryptocurrency market this year, it’s a surprise that a certain coin is still able to make money while others like bitcoin and Luna are making considerable losses and finding it hard to get out of the situation in which they find themselves. Considering this is just the first Quartile, the […]
