Bitcoin futures listed on the Chicago Mercantile Exchange slipped into prolonged backwardation during September, the crypto platform Luno said in a research report. Original
Bitcoin Futures ‘Backwardation’ Could Signal Bearish Mood
Day: October 19, 2022
UK inflation rate hits 10.1%, British Bitcoin community responds
Prices in the United Kingdom continue to rise, hitting another 40-year high of 10.1%. According to figures from the U.K’s Office for National Statistics, the Consumer Prices Index (CPI) rose by 10.1% in the 12 months to September 2022, up from 9.9% in August. The 10.1% figure mirrors July’s recent high. The Bank of England is 8% off the inflation target, while interest rates are 2.25%. Source: Bankofengland.co.uk According to ONS data, “Rising food prices made the largest upward contribution to the change in both the CPIH and CPI annual…
Nubank, el banco digital más importante de Brasil, lanzará en 2023 su propio token para 70 millones de usuarios
El token, que se llamará Nucoin y estará desarrollado en Polygon, estará disponible para los 70 millones de usuarios durante la primera mitad del 2023, afirmó la empresa en un comunicado, y agregó que será distribuido libremente y utilizado para ofrecer descuentos y beneficios. Source
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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io NEW SIGNAL JUST CONFIRMED (Get Ready)!! Bitcoin News Today & Ethereum Price Prediction (BTC & ETH) Welcome back to the Crypto World! In this video I reveal my next Ethereum Price Prediction and my next Bitcoin Price Prediction! Make sure to watch the WHOLE video so you don’t miss out on this valuable information & leave a LIKE and SUBSCRIBE for more videos like this! 💰 Learn Technical Analysis Here 👉 👈 🤑 FREE $1,000 USDT AIRDROP 👉 👈 ► I trade…
Revolution of DeFi in the Finance Industry
Decentralization Finance (DeFi), which has gained prominence in cryptocurrencies, is a resistance movement. Users can avoid paying exorbitant costs and borrow money while earning interest on their own assets. DeFi revolution has the potential to disrupt traditional financing methods and give customers back power. DeFi is one of the most rapidly growing subsectors in the cryptocurrency ecosystem. For almost a year, Ethereum-based finance platforms have been gaining traction. Since May 2020, the DeFi sector has grown by 65 times, with a total value locked (TVL) of $652 billion, Uniswap, a…
Bitcoin se estanca y encuesta del Bank of America revela que el “dólar largo” es el favorito
Las operaciones masivas suelen asociarse a las burbujas y marcan los máximos de precios. Por ejemplo, el “bitcoin largo” y las “acciones tecnológicas largas” fueron las más buscadas el año pasado. Bitcoin alcanzó un máximo de US$69.000 en noviembre del 2021 y, desde ese momento, cayó más de 70%. Por su parte, el índice Nasdaq de Wall Street, con gran peso tecnológico, se desplomó 31% este año. Original
Cardano price chart paints ‘Burj Khalifa’ with 7-month losing streak — More losses ahead?
Cardano (ADA) price is in the process of painting its seventh red monthly candle in a row as the token fell to its lowest level since February 2021. The trend saw ADA’s price rising nearly 800% to $3.16 between February 2021 and September 2021, followed by a complete wipeout of those gains entering October 2022. Amusingly, the entire price action took the shape of the “Burj Khalifa,” the world’s tallest skyscraper in Dubai. Ada Khalifa pic.twitter.com/KE2SxTO3bN — Trader_J (@Trader_Jibon) October 19, 2022 ADA price eyes 35% price crash The ADA…
EU Antitrust Officials Are Worried About Competition in the Metaverse
A big company that forms a closed ecosystem “may constrain its consumers, business partners and competitors in numerous ways,” forcing them to buy products from that company, charging exorbitant prices or misusing people’s personal information, said Friedrich Wenzel Bulst and Sophie De Vinck of the European Commission’s antitrust unit. The European Commission is the EU’s governing body. Source
Metaverse Market Dominance Raises Competition Worries, EU Antitrust Officials Say
A big company that forms a closed ecosystem “may constrain its consumers, business partners and competitors in numerous ways,” forcing them to buy own-brand products, charging exorbitant prices, or misusing people’s personal information, said Friedrich Wenzel Bulst and Sophie De Vinck of the European Commission’s antitrust unit. Source
BTC Whale Transfers $940 Million Out of Coinbase — 3 Batches of ‘Sleeping Bitcoins’ From 2011 Move – Bitcoin News
On Tuesday, October 18, researchers from the crypto analysis platform Cryptoquant identified an outflow of 48,000 bitcoin coming from the trading platform Coinbase Pro. According to the researcher’s summary of the situation, a large portion of the funds were old coins. Whale Transfers 48,000 Bitcoin Amid Coiled Market While bitcoin (BTC) has been trading under the $20K region and trading sideways, observers have witnessed a number of old coins move onchain. The onchain movement comes at a time when market volatility is expected. For instance, the latest Glassnode Insights report…