Day: September 16, 2024

Ethereum Price Nosedives Over 5%, Pressure Mounts on Bulls

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Este artículo también está disponible en español. Ethereum price is down over 5% and trading below $2,350l. ETH is signaling an increase in selling pressure and might drop to $2,120. Ethereum started another decline after it failed to clear $2,450. The price is trading below $2,320 and the 100-hourly Simple Moving Average. There was a break below a key bullish trend line with support at $2,400 on the hourly chart of ETH/USD (data feed via Kraken). The pair must clear the $2,320 resistance to start a recovery wave in the…

Bitcoin Price Flashes Downside Break: Will Bears Take Over?

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Este artículo también está disponible en español. Bitcoin price failed to clear the $60,650 resistance. BTC is now correcting gains and might decline toward the $57,500 support zone. Bitcoin is correcting gains and trading well below the $60,000 level. The price is trading below $58,800 and the 100 hourly Simple moving average. There was a break below a key bullish trend line with support at $60,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could climb again if it stays above the $57,500 support…

Building a Yield Curve for Defi

While decentralized finance (defi) continues to innovate, it still lacks a critical component that has long been foundational in traditional finance: fixed-income products. I sat down for a great conversation with Jerry Li, co-founder and CEO of Term Structure, who introduced me to the idea of fixed-income products in crypto. Why Fixed-Income Could Be the […] Source CryptoX Portal

JPMorgan CEO Warns of Recession Threat, Higher Inflation, Stagflation

JPMorgan Chase CEO Jamie Dimon has raised concerns about stagflation despite signs of easing inflation. Dimon highlighted ongoing risks such as rising deficits and government spending that could pressure inflation. The JPMorgan executive warned that the U.S. economy is not yet out of the woods and suggested the possibility of a recession remains significant. Jamie […] Source CryptoX Portal

UK Court Recognizes USDT as ‘Distinct Form of Property’

A High Court of England and Wales has ruled that stablecoin tether (USDT) is recognized as property under English law. The court clarified that cryptocurrencies, despite not being physical assets, can be treated similarly to tangible and intangible property in legal disputes. UK Court Recognizes USDT as Legal Property The High Court of Justice, Business […] Source CryptoX Portal