The week started quite well for the crypto industry. The US CPI report positively affected the market and many experts believed that a short-term rally will happen with BTC establishing the new $18K support line. Sadly, by Friday, the market entered a period of price correction that was brutal to long leveraged positions and created…
There is nothing new in the expansion of contemporary corporations. US investment banks are notorious for buying whatever is up for grabs in the economy. At the moment, Goldman Sachs is eyeing a variety of crypto companies hoping to expand its presence in the domain. Despite representatives of GS talking down crypto, it is obvious…
The crypto tax company Koinly announced on December 6 that they will be letting go of over 14% of its staff to ensure the company’s survivability throughout the crypto winter and the worsening bear market that has been affecting all businesses operating in or adjacent to the crypto industry. The FTX collapse certainly created more…
The whole crypto market is bearish with only a handful of tokens doing fine. While DEX tokens like GMX perform well and show that the crypto industry has some good performers despite the last two weeks, other assets have been consistently losing value with every single upward movement countered by a dramatic price correction. Day…
Reaching the bottom of the market is not possible until it hits zero, but local lows are often good opportunities for people to buy low and hold. Unfortunately, the current crisis in the global economy forced some long-term holders to forfeit their long positions, but many still do not sell. Well, now is the best…
The Swiss-based SEBA banking company, with offices in several Asian countries, lately opened a brand-new department in an effort to reclaim its status as a cryptocurrency fast-developing trader. The recent news SEBA announced at the end of November that the coordination of its APAC development strategy will take place in its Hong Kong department. In…
A ban on PoW crypto-mining has been enacted by the governor of New York. The PoW moratorium bill was approved by the governor on November 1. In November, the Proof of Work crypto-creation ban was enacted by New York Governor Kathy Hochul. In addition to outlawing new mining operations, the PoW mining moratorium might also…
Congressional consideration of a digital asset management bill shows that El Salvador is going on with its desire to issue bitcoin-related financial certificates. The Legislative Assembly of El Salvador received a bill from Minister of the Economy Maria Luisa Hayem Breve. The bill would establish state committee on the crypto-related assets, which would be in…
A bear market is a common practice in the cryptocurrency market and everyday traders are used to it. It has been experienced for a number of times in the past and it will also happen in the future in all financial markets. The value of the assets has been depreciated by almost 70% from their…
After the unbelievable collapse of FX trading service, Binance has got a huge part of the crypto market. Within a few weeks the trader’s market share has risen by ten percent. At present, the derivatives are rising and without the main rival, Binance is growing rapidly. The recent collapse of FTX, the trader turned from…
Binance put more than $700 million into the SAFU crisis security monetary fund in response to concerns about BNB volatility in order to protect the finances. The most significant crypto trading platform in the world, Binance, has added one billion dollars of assorted crypto-assets to its User Safe Asset Fund (SAFU) in reaction to the…
A remarkable invention known as Bitcoin emerged following the 2008 global financial crisis. An unknown tech engineer named Satoshi Nakamoto wished to supply a choice to established financial systems. With the new crypto, everyone can stop worrying about how the state will regulate your finances or how banking companies will interfere with people’s monetary deals. …
As Ripple is exchanged in a proportionate triangle shape, the XRP price prediction is still neutral, with supporting at almost half a dollar level. The U. S. state finance control body has asked for an extension until November 30, 2022, in order to provide all short responses in support of Ripple Labs. Furthermore, the SEC…
According to a tweet from the anti-corruption organization ALAC, El Salvador’s bank BANDESAL has once again rejected a request for records of public Bitcoin transactions. The disclosure of Bitcoin transaction records prompted a response from El Salvador. The investigation Citizens of El Salvador wish to report corruption receive legal assistance from the Anti-Corruption Legal Advisory…
Cryptocurrency trader Kaleo posted in his Twitter account that the market is likely to rise by the end of October. His account currently has about 500,000 subscribers. Bitcoin regained its weekly and monthly opening levels, rising above $19,500 today. The monthly candle was in the red for most of October, at the previous week the…
When the US inflation statistics of the September month were announced, the cryptoworld was in a new instability situation. But not in a negative way. As the result of the announcement of the inflation data, BTC price reached his key level for the last time, being valued at more than $19,000. As the biggest cryptocurrency…
The Bureau of Labor Statistics published its report in which the number of new jobs was high than anticipated but still not enough to indicate any recovery of the economy. 263 thousand new jobs can be seen as a good sign considering that the Bureau expected way less, but it is still not a number…
We have many opinions regarding BTC and its nearest future. However, one analyst is louder than the others. PlanB, a popular analyst, says that he is very bullish on Bitcoin and is loading up right now using DCA buying. He recently told his Twitter followers, of which he has over 1.8 million, that the time…
The current situation in the crypto market is quite interesting offering a lot of great insights into what is happening with the global economy. The whole market is in turmoil with indices and stocks not showing any signs of a recovery in the nearest future. On the other hand, prices of some commodities are soaring…
One of the downsides of having a representative of the rich occupy the position of a leader is that it will always lead to a situation where they ignore the poor and help the rich. Liz Truss started her Premier Minister career with a series of questionable decisions that were received with a lot of…