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Day: October 2, 2022
CME Group to Face off With FTX After Filing for Futures Commission Merchant Status โ Finance Bitcoin News
According to a recent report, the worldโs largest derivatives exchange CME Group is looking to register as a direct futures commission merchant (FCM). CME Groupโs decision follows the digital currency exchange FTX, as the crypto company applied to become a derivative clearing organization and awaits approval from the U.S. Commodity Futures Trading Commission (CFTC). If CME Group is approved to be an FCM, the company can bypass third-party brokers and offer futures directly on the CME platform. Derivatives Exchange CME Group Registers for FCM While FTX Awaits CFTC Approval Theโฆ
Microstrategy's Bitcoin Investment WILL NOT END WELL๐ $MSTR
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What is Bitcoin Mining and how does it works- What is Cryptocurrency โ #learnwithsumbal
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S&P Global Report Says EU and UK Are in a Recession, Putin Thinks the West Is Greedy โ Economics Bitcoin News
Todayโs blustery global economy has everyone on edge as inflation has wreaked havoc on the wallets of ordinary people and energy prices continue to soar worldwide. According to Credit Suisse, โthe worst is yet to come,โ as the global investment bankโs analysts believe the European Union (EU) and the U.K. are already dealing with a recession. S&P Global has a similar hypothesis as a report published by the Manhattan corporation explains that the U.K. is currently contending with a full-year recession. Nord Stream Pipeline Rupture Heightens Tensions Between Russia andโฆ
Next few weeks are โcriticalโ for stock market and Bitcoin, analyst says
The stock marketโs movements in the next few weeks will be critical for determining whether we are heading towards a short-term recession or a long term-one, according to forex trader and crypto analyst Alessio Rastani. During the October-December 2022 period, the analyst expects to see the S&P rallying. โIf that bounces or rally fails and drops back down again, then very likely, weโre entering a long-term recession and something very close to similar to 2008โ, said Rastani in the latest Cointelegraph interview. According to the analyst, such a recession couldโฆ
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Crypto Exchange Coinbase Temporarily Halts Payments and Withdrawals From US Bank Accounts
The exchange says the issue has been identified and it is working towards a solution. Source
Bitcoin Price Is Sitting On A Gun Powder, Will It Explode?
BTC price trades below key resistance as prices get rejected under daily EMA. BTCโs monthly candle closes with so many mixed feelings ahead of October. The price of BTC must close above $21,500 to renew bullish sentiments. The price action of Bitcoin (BTC) continues to toil with the emotions of traders and investors as it moves in an indecisive and uncertain fashion. Traders continue to speculate about what Bitcoin (BTC) holds for this new month of October. The price action and movements of Bitcoin (BTC) continue in its choppy, leavingโฆ
Sound Money Doesnโt Exist and Neither Does โUltraโ Sound Money
A proper definition of sound or hard money is admittedly nebulous. A commonly accepted definition is this: a currency that serves as a reliable and stable store of value. By extension, sound money should preserve its purchasing power. If $1 gets me a milkshake today, it should get me a milkshake (or more) tomorrow, ad infinitum. Source