Day: January 12, 2022

What You Need To Know About The Signal

All across crypto, fear is in the air. Not only is the market shaken from the recent downtrend, but there’s an extra layer of doom and gloom due to an impending “death cross” in Bitcoin. Learn all about the ominous sounding crossover of two commonly watched moving averages, what the signal could mean, and how Bitcoin price has reacted in the past. The “death cross” is nigh | Source: BTCUSD on TradingView.com Does The Bitcoin Death Cross Mean Doom And Gloom For Crypto? Bitcoin price on daily BTCUSD charts is…

Bitcoin, Inflation and the Expectations Game

Stocks didn’t crash for a reason so simple it can be easily overlooked by market newbies: the role of expectations. The professional traders who dominate equity markets are not, by and large, frantically trading in response to CPI numbers the morning they’re released. Instead, they’ve been trying to predict the CPI numbers for weeks and trading on those projections ahead of the actual numbers. By the same token, the Fed has already announced its plans to raise interest rates and cut its bond balance sheet this year, tightening the money…

Checkout.com Raises $1B, Eyes Web 3 Push

London-based global payments processor Checkout.com has raised $1 billion in Series D funding at a $40 billion valuation. The funding will help drive U.S. market growth, continued evolution of the technology platform and Web 3 efforts. “We have long-faced substantial demand to serve the U.S. market, and with our Series D, we’re doubling down on our commitment to scaling our platform, partnerships and products for customers here,” Checkout.com Chief Financial Officer Céline Dufétel said in the announcement post. “Much like our approach in EMEA (Europe, Middle East and Africa), we…

From Bachelor to Crypto Bull: The Matt James Story

TV personality Matt James is used to putting his head, heart and resources on the line, whether it’s on the romantic reality TV show “The Bachelor” or investing in crypto. A self-described risk-taker, James wasn’t afraid to jump into the deep waters of crypto and start investing in bitcoin. Since his first investment, he’s become an all-out Bitcoiner, as he sports the emblematic laser eyes and the all-important #Bitcoin callout in his bio. Source

Bitcoin Aims For $48K? BTC Reacts Upward To U.S. Inflation Report

boss

Bitcoin has seen some relief in the past couple of days with a 4.5% profit in 24-hours. The first crypto by market cap trades at $42,947, after climbing back from the lows at around $39,000. BTC trends to the upside in the 1-hour chart. Source: BTCUSD Tradingview Related Reading | TA: Bitcoin Bounces To $42K, Why BTC Could Recover To $43.5K The recent bullish price action comes at the heels of the most recent Consumer Price Index (CPI) report published in the U.S.; the metric has become one of the…

Why 2022 Should Be the Year of the Govcoin

The U.K., where I’m from, isn’t doing much better. The Bank of England’s backed “Britcoin” is only set to launch in 2025, a lifetime away in crypto years. The government has issued piecemeal regulations on exchanges, while our regulator, the Financial Conduct Authority (FCA), continues to issue confusing and often contradictory “warnings” on the volatility of the crypto market. In the U.K., cryptocurrencies remain largely unregulated financial instruments to this day. Source

NEAR Hits All-Time High as Upstart Blockchains Win With 'FOAN Trade'

Near Protocol’s NEAR token reached an all-time high Wednesday on signs the up-and-coming blockchain might be undervalued as it attracts more activity. The token has risen in the current bear market for cryptocurrencies like bitcoin, bucking the trend to increase in price over 18% in the last seven days and doubling over the past month. As of press time the NEAR price was $18.70. Near Protocol is a layer 1 blockchain that aims to overcome some of the limitations of its competitors such as slow transaction rates, limited throughput and…

Xapo Gives Up Its NYDFS BitLicense

“Serving the U.S. market would require quite a lot of effort, time and investment, it would require a separate organization within Xapo to support it and it would still yield a worse product than what we can offer internationally,” Xapo founder Wences Cesares said at the time. Source

Traders say Bitcoin run to $44K may be a relief bounce, citing a repeat of December’s ‘nuke’

boss

Bitcoin (BTC) may have rallied to $44,000 on the back of United States inflation data, but according to traders, there is little hope of a sustained comeback. In a Twitter discussion on Jan. 12, data analyst Material Scientist warned that significant downside may still return to Bitcoin price action. “Now we wait” Despite showing stength since bouncing at $39,600, BTC/USD has yet to convince most analysts that its overall downtrend has ended. After U.S. inflation data came in at 7% year-on-year for December, those voices of doubt continued, even as…