Month: September 2022

Bitcoin squeeze to $23K still open as crypto market cap holds key support

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Bitcoin (BTC) returned to $20,000 on Sept. 2 amid renewed bets on a “short squeeze” higher. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Trader eyes $20,700 short squeeze trigger Data from Cointelegraph Markets Pro and TradingView showed BTC/USD recovering from another dip below the $20,000 mark on the day, continuing rangebound behavior. The pair gave little insight into which direction the next breakout could be, with opinions differing on the surrounding environment. Amid downside pressure on risk assets and a strong United States dollar, overall consensus appeared to favor long-term…

Crypto Ads in Thailand Must Feature Clear Investment Warnings, New Regulations Require – Regulation Bitcoin News

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Thailand has introduced tighter rules that will oblige crypto companies to duly inform potential customers of the investment risks on their advertisements. The new regulations also prohibit businesses in the industry from making misleading or exaggerated claims. Securities Watchdog Adopts Stricter Advertising Rules for Crypto Platforms in Thailand Thailand’s Securities and Exchange Commission (SEC) has approved new requirements for crypto ads, Bloomberg and Reuters reported quoting the regulator. According to a statement released on Thursday, the changes come after the SEC found that some advertisements lacked any warnings about the…

What is a gold-backed token and how does it work?

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What is a gold-backed cryptocurrency? A gold-backed cryptocurrency is a type of digital currency that is backed by physical gold. The currency’s value is based on the current market price of gold and can be used for transactions just like any other type of cryptocurrency. Some cryptocurrencies are backed by gold in order to tie the derivative asset (crypto) to a tangible asset (gold), thereby preventing excessive fluctuations in price. Thus, gold-backed cryptocurrency is often more stable than other digital currencies. This is because the price of gold is generally…

62% of wallets did not sell Bitcoin for a year amid the bear market: Data

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Despite the uncertainties brought about by the bear market, on-chain metrics show that the majority of Bitcoin (BTC) traders have been using a very simple trading strategy for more than a year: hodling.  According to data from the trading analysis platform TipRanks, while on-chain signals remain bearish for BTC, 62% of wallets have held BTC for one year and above. On the other hand, 32% of wallets are shown to have held for a month up to a year. Lastly, those who have been holding for less than a month…

SIX Swiss Exchange Sees 1.3% Turnover Gain in Aug after 2-Month Fall

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SIX Swiss Exchange, Europe’s third-largest stock exchange and top post-trade service provider, has reversed the two-month decline its previously recorded in its total trading turnover. Take Advantage of the Biggest Financial Event in London. This year we have expanded to new verticals in Online Trading, Fintech, Digital Assets, Blockchain, and Payments. The stock exchange’s turnover reached CHF 78.3 billion in August, which is a 1.3% month-over-month (MoM) gain from the CHF 77.2 billion it posted in July. On the contrary, the total number of transactions made on the exchange declined…

Ripple to Participate in the Digital Dollar Project’s CBDC Sandbox Program – Featured Bitcoin News

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The non-profit organization promoting the creation of the digital dollar, the Digital Dollar Project, has announced the launch of a sandbox program to kickstart the probe of the technical implementations of the envisaged digital currency. The fintech firm Ripple is among the four participants that are expected to help the Digital Dollar Project “explore technical and business implementation questions.” Inaugural Cohort to Focus on Cross-Border Payments The Digital Dollar Project (DDP), a nonprofit organization spearheading discussions around the mooted digital version of the U.S. dollar, recently announced the launch of…

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io முடிவுக்கு வரப்போகிறதா காகித பணம்? ஆபத்தாகுமா..? கிரிப்டோ #cryptocurrencynews #cryptocurrency #india #coverstory Sathiyam Live News is streaming for 24×7 that tends to bring you all the updates on Latest News and Breaking News happening in and out of Tamil Nadu. All new International News, Kollywood Updates, Cinema News and Trending World News, Sports News, Economic News and Business News do hit the red subscribe button and follow us. Sathiyam TV is 24 X 7 Tamil news & current affairs channel headquartered at Royapuram in…

Bitcoin, Ether Consolidate as Traders Eye U.S. Jobs Report to Gauge Next Fed Rate Hike

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The tighter the labor market, the stickier inflation and the more pro-tightening, or hawkish, the Fed will be. Risk assets, including cryptocurrencies, are addicted to cheap liquidity and have taken a beating this year, mainly because of the Fed’s interest-rate-hike cycle. This year, the central bank has raised rates by 225 basis points. (A basis point is one-hundredth of a percentage point.) Original

CRYPTO NEWS: A Multi-Trillion Dollar Explosion Is Coming!

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Thanks for watching everyone! Whether you like it or not, the Blackrock/Coinbase news is meaningful for all of crypto, and that is whether or not you own Bitcoin, Cardano, Ethereum, or any other cryptocurrency. In the coming years, all data suggests that there will be trillions of dollars poured into the crypto space. As of today, this is big crypto news because the whole market cap of all of cryptocurrency is only around $1 trillion! Floodgates of capital article – ⬇️ SECURITY…