Ethereum (ETH) climbed about 10 percent in the past 24 hours to $1,155, after coming close to falling back under $1,000. The world’s second-biggest cryptocurrency has experienced a robust comeback in a short span of time, with buying activity over the U.S. market holiday bolstering prices. But, can ETH sustain this rally? Or, will it be for the time being. This year, concerns about a U.S. economic slump and a slew of crypto bankruptcy have harmed the altcoin. In the previous 24 hours, ETH/USD fluctuated between $1,086 and $1,165, showing high volatility.…
Day: July 6, 2022
US expansion for Huobi a step closer after it secures a FinCEN license
A subsidiary of the Huobi cryptocurrency exchange called HBIT Inc has received its Money Services Business (MSB) license from the United States Financial Crimes Enforcement Network (FinCEN). The Seychelles based Huobi said on July 5 that the license creates a foundation for it to carry out crypto-related business in the U.S. in the future, as part of its strategic goals of “globalization and compliance”. The exchange is a major player, with more than $1 billion in volume in the past 24 hours according to CoinGecko. Before the great crypto crackdown…
Zimbabwe Will Issue Gold Coins To Control Inflation. Why Don’t They Use BTC?
Like most of the world’s, Zimbabwe ’s economy is in shambles. Is a gold coin the solution, though? It might just be. The country’s central bank announced “the “Mosi-oa-tunya” coin, named after Victoria falls.” It’s Zimbabwe’s response to a dire situation. According to Reuters, “annual inflation, which hit almost 192% in June, cast a shadow over President Emmerson Mnangagwa’s bid to revitalize the economy.” In a highly unusual move, Zimbabwe ’s government created both a hedge against inflation and a highly-demanded product. A solution to a problem they created, sure,…
COINBASE JUST DROPPED A BOMBSHELL ON SHIBA INU COIN
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Risk profile of crypto markets similar to oil and tech: Coinbase
Despite some touting crypto as a hedge against traditional markets, digital assets today share a similar risk profile to commodities such as oil and gas, and tech and pharmaceutical stocks, according to analysis from Coinbase’s chief economist. The observation comes from a blog post from Coinbase chief economist Cesare Fracassi on July 6, noting that the “correlation between the stock and crypto-asset prices has risen significantly” since the 2020 pandemic. “While for the first decade of its existence, Bitcoin returns were on average uncorrelated with the performance of the stock…
TA: Ethereum Gearing For Another Lift-Off: Recovery Isn’t Over Yet
Ethereum is showing positive signs above the $1,100 zone against the US Dollar. ETH could rise further above the $1,170 resistance zone. Ethereum gained strength for a move above the $1,100 and $1,120 levels. The price is now trading above $1,120 and the 100 hourly simple moving average. There is a key bullish trend line forming with support near $1,120 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to rise if there is a move above the $1,170 resistance zone. Ethereum Price Remains Supported…
Voyager Seeks Bankruptcy Protection Amid Crypto Credit Crisis
Crypto lender Voyager Digital filed for Chapter 11 bankruptcy late Tuesday. Source
Janji PALSU Cryptocurrency: mahalnya biaya transaksi
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Salah satu janji dari crypto atau lebih tepatnya cryptocurrency adalah murahnya biaya transaksi. Ternyata sampai saat ini belum kejadian. Video ini menunjukkan situasinya saat ini. Misalnya untuk transfer dari USD ke ETH membutuhkan biaya transaksi sampai USD$28. hadoh. habis itu duitnya untuk ongkos transaksinya dong. ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version
Argentina Runs to Stablecoins Amidst Political and Economic Uncertainty – Economics Bitcoin News
Citizens of Argentina are hedging their savings by using stablecoins amidst the recent climate of uncertainty created by the resignation of certain key members of the government. The minister of economy in the country resigned last weekend, alongside other personalities, creating the turmoil that prompted the price of stablecoins in the country to rise by 11% on some exchanges. Dollar-to-Peso Exchange Rate Plummets Due to Political Uncertainty in Argentina The rate that citizens in Argentina use to exchange the native fiat currency, the Argentinian peso, for dollars, has…
Bitcoin rises, and Alchemy reveals exclusive data on surging crypto development: CNBC Crypto World
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io CNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what’s ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today’s show, Nikil Viswanathan, co-founder and CEO of Alchemy, discusses the company’s $25 million developer grant and the surge of crypto developers in the industry. 00:00 – CNBC Crypto World, July 1, 2022 0:23 – Crypto prices rise 0:46 – The headlines 2:35 –…