Day: November 3, 2022

Shiba Inu Struggle Continues As Altcoins Rally With Over 70% Gain; Here Is Why

SHIB’s price shows much strength after breaking out from its long-range channel movement.   SHIB trade with good volume, breaking out from a range channel as the price eyes a rally past to a region of $0.0000135.  SHIB’s price remains strong on the daily timeframes as the price trades above the 50 Exponential Moving Average (EMA) but faces resistance at 200 EMA. Shiba Inu (SHIB) price showed some great price action as the price rallied, trying to mimic the price of DOGE after seeing the price of DOGE rally by over…

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Binance CEO Sees No Threat to Crypto From Central Bank Digital Currencies — Says CBDCs Will Validate Blockchain Concept – Regulation Bitcoin News

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The CEO of cryptocurrency exchange Binance does not see central bank digital currencies (CBDCs) as a threat to cryptocurrencies, like bitcoin and ether. “It will validate the blockchain concept so that anybody who still has concerns about the technology will say: ‘Ok, our government is using the technology now,’” he opined. CZ Sees No Threat to Crypto Coming From CBDCs Binance CEO Changpeng Zhao (CZ) said Wednesday that he believes central bank digital currencies (CBDCs) are not a threat to cryptocurrencies, like bitcoin (BTC) and ether (ETH), Reuters reported. According…

Why Cardano (ADA) Could Be Gearing Up For A Rally

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Cardano (ADA) price has struggled tremendously since it hit its all-time high price of $3.10 back in 2021. Even now, with the crypto market recovery, ADA has not made as many gains as others in the market as indicators point largely toward bearishness for the digital asset. However, a new development could see a recovery in the price ofCa Cardano. FTX Plans To List ADA FTX remains the only one of the largest crypto exchanges that are yet to list Cardano. Obviously, this has not gone over well with members…

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Digital asset platform Bakkt set to acquire Apex Crypto for $200M

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Digital asset platform Bakkt has entered into an agreement to acquire Apex Crypto, LLC from Apex Fintech Solutions, Inc. According to the agreement, Bakkt is expected to acquire Apex Crypto for the price tag of $200 million, making its first payment of $55million at the closing of the deal. The transaction will likely be completed by the first half of 2023 and is subject to regulatory approvals.  Launched in 2019, Apex Crypto is a “turnkey platform” dedicated to integrated crypto trading, built with the intention of meeting the increasing demands of more…

Ethereum Price Holds at $1,500, Why There’s Hope For The Bulls

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After yesterday’s Federal Open Market Committee (FOMC), the Ethereum price and the crypto market have held their ground. Those market participants expecting a return to the previous range might be disappointed as macro-economic forces  At the time of writing, the Ethereum price trades at $1,540 with a 2% profit in 24 hours and a 2% loss in the previous seven days. Other cryptocurrencies in the top crypto top 10 by market capitalization follow this trend, but the majority record positive momentum.  ETH’s price trends to the upside on the daily…

Former Fed Chair Alan Greenspan Says Decreasing Supply of Greenbacks Makes the US Dollar a ‘Better Store of Value’ – Economics Bitcoin News

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On Nov. 2, 2022, the American economist and 13th chairman of the U.S. Federal Reserve, Alan Greenspan, published an opinion editorial that says he envisions a monetary “tailwind” for the U.S. dollar next year. Greenspan expects this to happen even if the Fed decides to pivot its restrictive monetary policy to lower rate hikes or absolve them altogether. Greenspan Discusses Gresham’s Law and the Monetary ‘Tailwind’ Behind the U.S. Dollar Alan Greenspan shared his opinion on Wednesday in a blog post called “Gresham’s Law.” The former Federal Reserve chair described…

Developers need to stop crypto hackers — or face regulation in 2023

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Third-party data breaches have exploded. The problem? Companies, including cryptocurrency exchanges, don’t know how to protect against them. When exchanges sign new vendors, most just innately expect that their vendors employ the same level of scrutiny as they do. Others don’t consider it at all. In today’s age, it isn’t just a good practice to test for vulnerabilities down the supply chain — it is absolutely necessary. Many exchanges are backed by international financiers and those new to financial technologies. Many are even new to technology altogether, instead backed by…