Day: August 25, 2022

Ethereum ETH Back On Track Race, Will ETH Reclaim $2,000 again?

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Ethereum ETH price regained its bullish trend against Tether (USDT) as it builds more strength to break above the key resistance ahead of “The Merge.” ETH price saw a rejection to a region of $1,500 recently as it could not hold its bullish trendline acting as support. (Data from Binance) Ethereum ETH Price Analysis On The Weekly Chart Weekly ETH Price Chart | Source: ETHUSDT On Tradingview.com From the chart, the price of ETH saw its price rejected to a region of $1,540 on the weekly chart as the price…

Investment Bank Cowen Nabs 2 Crypto Hires for Digital Asset Team

“Cowen Digital is actively hiring and expanding our team in a strategic build over the next five years,” Eric Rose, Cowen’s managing director and head of Cowen Digital execution said in a statement. “Despite recent volatility in the sector, we continue to see growth and investment opportunities for the long-term,” he added. Source

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Crypto in Eastern Europe

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On Thursday 24th of February, 2022, Russia invaded Ukraine. War had broken out in Eastern Europe. Although we’re not here to comment on the political situation in Ukraine and beyond, we can observe one fact: Ukraine’s government turned to crypto in trying times. The crypto community responded. In the first 5 days of its inception, Unchain Fund, a crypto charity fund for Ukraine founded by prominent figures in blockchain, raised more than $1.8m. They’ve since gone on to raise millions more. Now, this is perhaps the highlight of crypto’s strength…

AVA Price Predictions Following Travala Demand Boom

Some cryptocurrencies are seemingly positioned for seasonal booms. One of such digital assets is Travala AVA. The network behind it is a travel solution company leveraging blockchain technology to facilitate seamless operations.  The crypto community is currently surprised at the recent spike in Travala’s native token, AVA. The coin price skyrocketed on August 24th following the increase in the demand for Travala services, including flights, hotels, and accommodation bookings.  Related Reading: Want to Hodl USDC? Check These Indicators First To Ease Doubt As a platform where travelers can handle their…

Moody’s States Inflation Is Affecting Economic Recovery in Part of Latam – Economics Bitcoin News

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Moody’s, the asset quality rating agency, has warned the high rate of inflation that some countries are facing in Latam will affect the economic recovery in the region. Brazil, Chile, and Mexico are said to be the countries more affected by this phenomenon, and their recovery will depend on other factors to attenuate the effects of inflation. Moody’s States Latam Spending Recovery Might Be Hampered by Inflation Inflation is becoming a problem in several countries of Latam and the world, putting a dent in the recovery predictions of…