Day: May 20, 2022

May 20
Ethereum devs tip The Merge will occur in August ‘if everything goes to plan’

Core Ethereum developer Preston Van Loon says that the network’s long-awaited transition to proof-of-stake will most likely happen this August. 6236 Total views 61 Total shares Ethereum’s long-awaited migration to a proof-of-stake (PoS) consensus mechanism, which has been pushed back time and time again, looks set to occur sometime in August — hopefully.  Preston Van […]

May 20
‘Growth scare’ permeates U.S. stocks as estimated $5 trillion to $8 trillion of household wealth evaporates in five months

Amid a sea of red in U.S. stock markets on Friday, a fundamental shift in investors’ thinking is taking place, one which analysts describe as a “growth scare.” A “growth scare” is characterized by a correction in anticipation of slowing economic growth, even if such a slowdown hasn’t yet been borne out by the data. […]

May 20
Weaker dollar lifts Bitcoin to $30.7K as analyst eyes 60% BTC dominance

Bitcoin (BTC) hit 48-hour highs overnight into May 20 as U.S. dollar weakness gave bulls some much-needed respite. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Dollar strength declines after 20-year record Data from Cointelegraph Markets Pro and TradingView recorded a high of $30,725 for BTC/USD on Bitstamp. Still struggling to flip $30,000 to reliable support, […]

May 20
S&P 500 slips below bear-market threshold

The S&P 500 on Friday traded below 3,837.25, the level that marks a 20% pullback from the large-cap U.S. benchmark’s Jan. 3 record close. A finish below that level would meet the traditional definition of a bear market. The S&P 500 SPX, -1.51% was last at 3,837.48 after trading as low as 3,836.35. Source: Marketwatch

May 20
Press release on the suspension of trading in Audiovalley

ANNOUNCEMENT BY THE FINANCIAL SERVICES AND MARKETS AUTHORITY, PUBLISHED IN APPLICATION OF ARTICLE 78 OF THE LAW OF 21 NOVEMBER 2017 Trading in the financial instruments of Audiovalley, ISIN BE0974334667, on Euronext Brussels is suspended on the request of the company from 20/05/2022 at 16:50 CET until the publication of a press release.   Source: […]

May 20
Listening up to level up – regulating finance for the whole of the UK

Speech by Charles Randell, Chair of the FCA and PSR, at the Centre for Commercial Law Studies, Queen Mary University of London. Speaker: Charles Randell, ChairEvent: Centre for Commercial Law Studies, Queen Mary University of LondonDelivered: 20 May 2022Note: this is the speech as drafted and may differ from the delivered version Highlights: The consumer’s […]

May 20
The cryptocurrency market digest (BTC, ETH). Overview for 20.05.2022

The BTC remains as volatile as before. on Friday, the major currency is trading at $30,046 but there are a lot of doubts about whether the BTC may break it and fix above. There is nothing new here. As long as market players continue selling stocks in the US stock market, which plunged in the […]

May 20
The Euro managed to correct. Overview for 20.05.2022

EURUSD got rid of the pressure and intends to rise.  The major currency pair is fixing within a “flat” on Friday. The current quote for the instrument is 1.0568. It seems like the comments about European inflation don’t scare anyone anymore. The ECB vice president Luis de Guindos said yesterday that the CPI would remain […]

May 20
Gold prices rise and are heading for the first gains in 5 weeks

Gold prices rose during trading on Friday, with the metal heading towards recording its first weekly gain in 5 weeks. The precious metal benefited from the US dollar’s retreat from the threshold of its highest levels in two decades, in addition to the exacerbation of concern about the growth of the US economy. And gold […]

May 20
USDJPY, H4 | Potential Bearish Continuation

Type: Bearish ReversalKey Levels:Resistance: 128.86Pivot: 128.088Support: 127.162Preferred Case:On the H4, with price moving below the Ichimoku cloud, we have a bearish bias that prices will drop to our 1st support at 127.162 where our horizontal swing low support is at from our pivot at 128.088 in line with horizontal overlap resistance and 38.2% Fibonacci retracement.Alternative […]