Day: April 7, 2022
Meta Platforms’ financial arm, Meta Financial Technologies, has been exploring the creation of a virtual currency for the metaverse, the Financial Times reported, citing people familiar with the matter. So-called “Zuck Bucks” would be in-app tokens controlled by the company, rather than a cryptocurrency on the blockchain, the report said, which is similar to the […]
The cryptocurrency industry is responding to the best-practices advocacy group’s call for a fair, stable and regulated market. 1401 Total views 37 Total shares The Crypto Market Integrity Coalition, an organization founded two months ago by 17 cryptocurrency exchanges, firms and industry associations worldwide, announced 13 new members have joined. The group is centered around […]
The Federal Reserve eventually could resort to selling off mortgage-backed securities on its balance sheet, according to the minutes of the central bank’s last strategy session in March. During the March meeting, Fed officials reviewed the results of the central bank’s previous efforts at shrinking its balance sheet between 2017 and 2019. Amid the COVID-19 […]
Type: Bearish DipKey Levels:Resistance: 1075’6Pivot: 1036’6Support: 982’0Preferred Case:Prices have approached our Pivot at 1036’6 in line with 61.8% Fibonacci Retracement . We see the potential for a dip from our Pivot at 1036’6 towards our 1st support at 982’0 in line with 61.8% Fibonacci Projection . Prices are trading below our Ichimoku cloud resistance, further […]
Type: Bearish DipKey Levels:Resistance: 104.56Pivot: 102.83Support: 98.24Preferred Case:Prices are on bearish momentum and abiding by a descending trendline. We see the potential for a dip from our pivot at 102.83 which is a graphical overlap and in line with 38.2% Fibonacci Retracement towards our 1st support at 98.24 in line with 61.8% Fibonacci Projection .Alternative […]
One of Australia’s biggest banks is still wading through a sea of red tape spun by local financial regulators before launching its crypto products to all of its retail users. 255 Total views 15 Total shares Financial regulators are standing in the way of expanded crypto services on Commonwealth Bank of Australia’s (CBA) mobile app. […]
A Senate floor vote on the confirmation of Judge Ketanji Brown Jackson to serve on the U.S. Supreme Court has been set for Thursday at 1:45 p.m. by Majority Leader Chuck Schumer, according to reports. Three Republicans have verbally committed themselves to vote to confirm Jackson, suggesting a likely 53-47 vote, in the wake of […]
The U.S. Treasury secretary emphasized the department’s crypto monitoring efforts at a House Financial Services Committee hearing on Wednesday. 875 Total views 28 Total shares United States Treasury Secretary Janet Yellen told the House Financial Services Committee on Wednesday that her department is not seeing significant use of cryptocurrencies to evade sanctions placed on Russian […]
Stocks ended lower but off their worst levels, with the tech-heavy Nasdaq Composite bearing the brunt of selling pressure for a second session Wednesday after minutes of the Federal Reserve’s March policy meeting outlined plans for shrinking the central bank’s nearly $9 trillion balance sheet. The Dow Jones Industrial Average ended with a loss of […]
The Stablecoin TRUST Act proposed the digital assets be identified as “payment stablecoins” which are exempt from many securities regulations. 368 Total views 42 Total shares Republican Senator Pat Toomey, the ranking member for the Senate Banking Committee, has drafted a bill proposing a regulatory framework for stablecoins in the United States. According to a […]
