Day: September 28, 2022
Yesterday, the BTC did try to grow and even reached $20,381, but couldn’t keep the momentum and dropped to $18,759. The key market driver for cryptos is the correlation with the American stock market, which has nothing to show right now – the stock market is overwhelmed by bears. Due to the rate hikes, conditions […]
The major currency pair continues plummeting. The current quote for the instrument is 0.9560. Yesterday, the “greenback” was once again in demand as a “safe haven” asset. At the same time, number released by the US were surprisingly confident. For example, the Durable Goods Orders report showed -0.2% m/m in August against the expected reading […]
Pantera CEO Dan Morehead painted an optimistic outlook for the wider cryptocurrency space during a keynote presentation at Token2049 in Singapore. 763 Total views 23 Total shares Pantera CEO Dan Morehead highlighted the potential growth and value of decentralized finance (DeFi), Web3 functionality, nonfungible tokens (NFTs) and metaverse applications in his opening keynote speech at […]
BNY Mellon Closing The UK’s Credibility Gap It is abundantly clear that markets do not view the UK Chancellor’s budget plans as credible. While market participants will remain on guard for potential action from the Bank of England to stabilise the pound, its Monetary Policy Committee is realistically only in a situation to be reactive […]
Daily Market Outlook, September 27, 2022 Overnight Headlines Fed Officials Stare Down Markets, Repeat Inflation Top Focus Pound Under Siege With Mounting Odds It Will Drop Below $1 Yuan Plunge Nears 14-Year Low, Inviting Aggressive PBoC Pushback Biden Tells Oil Companies ‘Bring Down Prices You’re Charging’ PBoC Makes Biggest Cash Injection Into System Since February […]
Jerome Powell acknowledged that DeFi will start to reach more retail customers, highlighting the need for regulation. 936 Total views 20 Total shares United States Federal Reserve chairman Jerome Powell has spoken out about the expansion of decentralized finance (DeFi) and its impact on the traditional finance ecosystem, calling for appropriate regulation. During an event […]
U.S. think tank Bitcoin Policy Institute is calling for the United States to reject Central Bank Digital Currencies (CBDCs) and look to Bitcoin (BTC) and stablecoins as alternatives. In a whitepaper shared on Sept. 27, authors including Texas Bitcoin Foundation executive director Natalie Smolenski PhD, and former Kraken growth lead Dan Held argue CBDCs would […]
EURJPY On Watch Price action in EURJPY is looking interesting to the long-side here. Following the reversal lower from the failure at 143.80, price has since traded back down to test the 137.74 level and the rising trend line from YTD lows. Yesterday’s reversal saw a bullish pin bar form at what might prove to […]
Equities Attempting Recovery Following Heavy Monday Losses Global equities benchmarks have seen a mixed start to the week with most indices finding their feet today after heavy selling across Monday’s trading. The ongoing rise in USD on the back of last week’s FOMC meeting has had a heavy downward impact on equities prices. With the […]
To attract more users and make blockchain gaming more mainstream, Kevin Shao says future titles should find a “balance” between and accommodate different users’ tastes. 360 Total views 35 Total shares Kevin Shao, Executive President of the Asia Blockchain Gaming Alliance (ABGA) says he’s holding out hope for three “triple-A” blockchain gaming titles that could help […]
