Day: October 6, 2022

Oct 06
South Korean foreign ministry orders Do Kwon to return his passport

Do Kwon, who has been named in an Interpol notice and an arrest warrant, has not been cooperative with the investigative agencies. Source: Cointelegraph

Oct 06
U.S. oil futures finish higher for a 4th session in a row

Oil futures finished higher for a fourth session in a row on Thursday, continuing to find support a day after the Organization of the Petroleum Exporting Countries and their allies announced a 2 million-barrel production cut starting in November. U.S. benchmark West Texas Intermediate crude for November delivery CLX22, +1.21% rose 69 cents, or 0.8%, […]

Oct 06
‘Violent’ Bitcoin breakout due as BTC open interest nears all-time high

Bitcoin futures open interest is almost higher than ever, but its composition is completely different from last year, analysis reveals. Source: Cointelegraph

Oct 06
Forex Technical Analysis & Forecast 06.10.2022

EURUSD, “Euro vs US Dollar” After completing the descending wave at 0.9834 along with the correction up to 0.9922, EURUSD is expected to fall to break 0.9800 and then continue trading downwards with the short-term target at 0.9744. GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD has finished the descending structure at 1.1226 along with […]

Oct 06
Japanese Candlesticks Analysis 06.10.2022 (EURUSD, USDJPY, EURGBP)

EURUSD, “Euro vs US Dollar” As we can see in the H4 chart, after forming a Harami reversal pattern close to the support area during the pullback, EURUSD may reverse in the form of a new rising impulse. In this case, the upside correctional target may be at 0.9980. However, an alternative scenario implies that […]

Oct 06
Bitcoin can solve the DeFi onboarding crisis, argues exec

Bitcoin.com CEO Dennis Jarvis believes that Bitcoin can be a bridge that leads users to the decentralized finance space. 760 Total views 26 Total shares As the decentralized finance space remains plagued with hacks, people have become less interested in jumping in and engaging with DeFi. But, according to Dennis Jarvis, the CEO of Bitcoin.com, there […]

Oct 06
Bank of America Wave Analysis – 6 October, 2022

• Bank of America reversed from round support level 30.00 • Likely to rise to resistance level 34.00 Bank of America previously reversed up from the round support level 30.00 (which stopped the earlier extended downward impulse wave (C) from the middle of March). The upward reversal from the support level 30.00 stopped the earlier […]

Oct 06
GBPUSD Wave Analysis – 6 October, 2022

• GBPUSD reversed from resistance level 1.1490 • Likely to fall to support level 1.1000 GBPUSD currency pair recently reversed down from the key resistance level 1.1490 (former strong support from the start of September), intersecting with the 61.8% Fibonacci correction of the earlier sharp downward impulse from August. The downward reversal from this resistance […]

Oct 06
Bitcoin beats out shorts as BTC price attempts to crack $20.5K

Bitcoin (BTC) reclaimed and held $20,000 into Oct. 6 as the latest rebound punished short speculators. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin preserves “important” $19,600 zone Data from Cointelegraph Markets Pro and TradingView showed BTC/USD bouncing from local lows of $19,740 on Bitstamp around the Oct. 5 Wall Street open. The pair then […]

Oct 06
Kazakhstan grants Binance permanent license to offer digital asset services

The AIFC Financial Services Authority in Kazakhstan granted Binance a permanent license to a digital asset platform and provide custody services in the country. 240 Total views 4 Total shares After a build-up of multiple memorandums of understanding (MoU) and an initial “in-principle” approval to operate in Kazakhstan, Binance received a permanent license to operate […]