Day: June 30, 2022
Mester Pushes For Larger HikeAhead of Fed chairman Powell’s comments at the ECB’s Sintra Forum today, markets are reacting to comments from Fed’s Mester who spoke earlier today. Speaking on CNBC, Mester said that she would be in favour of a further .75% hike in July, following on from the .75% hike in June. Mester […]
Popular Ethereum-based metaverse gaming platform The Sandbox has unveiled a bridge that enables users to transfer their virtual nonfungible token (NFT) LAND and native SAND tokens over to layer-2 network Polygon. While The Sandbox will live on Ethereum for the most part, the platform has emphasized that conducting SAND and LAND transactions on Polygon will […]
Read Next Carnival stock pulls back after Stifel analysts slashes price target to incorporate a recession Shares of Carnival Corp. undefinedundefined fell 0.7% in premarket trading Monday, after Stifel Nicolaus analyst Steven Wieczynski “drastically” lowered his estimates to take account for the negative effects of a potential recession on the cruise operator. The stock pulled […]
Former Ripple Labs founder Jed McCaleb is nearing the end of his eight-year XRP dump marathon, with only 81.53 million XRP (worth $26.55 million), remaining in his wallet’s balance. According to Jed Balance, a website tracking his XRP holdings, McCaleb’s wallet name “tacostand” has been shedding an average of 4.06 million XRP over the last […]
In a note released on Wednesday, after data showed first-quarter U.S. gross domestic product contracted by more than previously estimated, JPMorgan Chase & Co.’s Bruce Kasman and Joseph Lipton said “it is reasonable to consider the risk that the US and/or global economy slips into recession this year.” They said “rising concern about persistent inflation […]
Type: Bullish RiseKey Levels:Resistance: 4200.25Pivot: 3824.00Support: 3641.75Preferred Case:On the H4, with price moving in an ascending trend channel and bouncing off the ichimoku cloud , we have a bullish bias that price will continue to rise from the pivot at 3824.00 at the overlap support in line with the 61.8% fibonacci projection to the 1st […]
Type: Bearish MomentumKey Levels:Resistance: 1878.9Pivot: 1849.8Support: 1784.9Preferred Case:On the H4, with price moving in a descending trend channel and below the ichimoku cloud, we have a bearish bias that price will drop from the pivot at 1849.8 in line with the 78.6% fibonacci retracement, to the 1st support at 1784.9 at the sing low in […]
Grayscale CEO Michael Sonnenshein on Wednesday said they were “deeply disappointed” and “vehemently disagree” with the SEC’s decision to deny their application. 1509 Total views 24 Total shares Grayscale Investments has launched a legal challenge against the Securities and Exchange Commission (SEC) after being denied its application to convert its Grayscale Bitcoin Trust (GBTC) into […]
U.S. stocks ended near unchanged Wednesday, with the Dow Jones Industrial Average hanging on to a small gain, as investors weighed remarks by Federal Reserve Chair Jerome Powell. The Fed chief, speaking at a central banking conference in Portugal, said that he sees a path back to 2% inflation while sustaining a strong labor market […]
“We are putting an end to the wild west of unregulated crypto, closing major loopholes in the European anti-money laundering rules,” said European Parliament member Ernest Urtasun. 1392 Total views 39 Total shares The European Council has reached an agreement to form an anti-money laundering body that will have the authority to supervise certain crypto […]
