Tag: Firm

BNB Resilience: Holding Firm At $560 – What’s Next?

The price of BNB hasn’t fallen below its previous low, and it’s showing some strong signs of heading up. After a spell of moving downward, the Binance Smart Chain’s native token is aiming for an upward bounce back towards its earlier high. Technical Indicators Point Toward Sustained Uptrend For BNB To figure out where the BNB price might be headed next, several indicators can be used to examine the chart: 4-Hour MACD: A technical look at the MACD indicator from the 4-hour timeframe, the MACD histograms are trending above the…

No Fed Rate Cuts? No Worries For Bitcoin, Says Research Firm

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As the US economy grapples with rising inflation expectations and scaled-back forecasts for Federal Reserve rate cuts, the Bitcoin market remains buoyant, according to a detailed analysis by Reflexivity Research. With the US CPI headline inflation projected to accelerate to 4.8% by the November 2024 elections, according to Bank of America, conditions are seemingly unfavorable for a loosening of monetary policy. Despite this, the cryptocurrency sector, particularly Bitcoin, appears insulated and optimistic. Bitcoin Unfazed By Delayed Rate Cuts? The bond market now anticipates only three Federal Reserve rate cuts this…

‘We Sold Everything Last Night’, Reveals Crypto Research Firm

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Markus Thielen of 10x Research unveiled a significant shift in his crypto strategy in response to mounting financial pressures and market instability, as detailed in an investor note released earlier today. Thielen, an influential figure in the analysis sector, cited a concerning outlook on risk assets, which encompasses both technology stocks and cryptocurrencies, primarily driven by unanticipated and ongoing inflation rates. According to projections from Bank of America, US CPI headline inflation is expected to reach 4.8% by the November 2024 election. Over the past three months, month-over-month CPI inflation…

DOJ considering new law firm as monitor for Binance amid FTX ties

The DOJ is reconsidering its decision to appoint Sullivan & Cromwell as Binance’s independent monitor because of its relationship with FTX.  According to Bloomberg, the law firm was on the verge of being named to oversee Binance’s compliance with a settlement that included a $4.3 billion penalty for breaching U.S. anti-money laundering laws and sanctions regulations. The role was part of an agreement with both the Justice Department and the Treasury’s Financial Crimes Enforcement Network (FinCEN). However, the decision has been stalled due to concerns over Sullivan & Cromwell’s previous…

Why Bitcoin Price Dropped Below $67,000, According To Blockchain Firm

The cryptocurrency market experienced a sudden and sharp downturn on Friday, April 12, which saw the Bitcoin price and the value of other large-cap assets take severe hits. The price of Bitcoin, which has been mostly moving sideways over the past few days, fell below the $67,000 mark for the first time in more than a week. As a result of the abrupt decline, the crypto market has witnessed nearly $900 million in liquidations in the past 24 hours. According to Futures market data from Coinglass, losses from leveraged Bitcoin…

Crypto Analyst Firm On $1.7 Prediction For ADA

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Investors and analysts are trying to predict Cardano’s (ADA) price’s future performance. As the price continues to show red numbers, a top crypto analyst considers that ADA is “right where it should be.” Cardano Loses 10th Spot Against Telegram’s Toncoin Cardano’s recent spotlight has highlighted its disappointing price performance and lack of appeal for traders. Despite its technology and strong community, the ecosystem lacks the activity and demand of other chains like Solana. Recently, Charles Hoskinson defended the project, stating that “Cardano always wins,” referencing a poll ranking the best…

Half of Solana Blockchain Pre-Sales Are Scams, Crypto Security Firm Blockaid Says

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Venture Firm A16z Releases Jolt, a ‘Zero-Knowledge Virtual Machine’

But that’s not the only way Lazzarin thinks a16z’s research initiatives can help advance the firm’s bottom line. The code for Jolt has been open-sourced, meaning anyone can theoretically use or repurpose it without paying a16z. “Because we’re long-term investors, we don’t trade day-to-day, week-to-week, or even month-to-month,” said Lazzarin. “We benefit most if the space advances fastest over the next five to 10 years, and so our incentive is purely to advance everyone through public goods that we will never monetize.” Source