Tag: Markets

Cointelegraph Markets Pro’s 390% gain dwarves Bitcoin’s 33% rise

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In Cointelegraph Markets Pro’s latest VORTECS™ Report, the institutional-grade crypto trading platform displayed how its members could have captured a cumulative 390% gain by following seven trades based on four different advanced data indicators. The report depicts trading alerts generated between March 11 – 18, 2023.  The potential gains available to Cointelegraph Markets Pro subscribers significantly outperform a simple buy-and-hold strategy during the same period, which would’ve yielded holders of Bitcoin (BTC) a 33% gain. Cointelegraph Markets Pro uses indicators such as the VORTECS™ Score, NewsQuakes™, Most Active On-Chain and…

UAE Central Bank Implements Digital Currency Strategy – Emerging Markets Bitcoin News

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The central bank in the United Arab Emirates said it has started implementing its digital currency strategy with partners G42 Cloud and R3. According to the central bank, the digital currency initiative is expected to “further position and solidify the UAE as a leading global financial hub.” CBDC Strategy to Focus on Three Pillars The United Arab Emirates (UAE) central bank recently said it would start implementing its digital currency strategy with its two partners G42 Cloud and R3. According to a report, the UAE’s apex bank’s two partners are…

Cointelegraph Markets Pro delivers trading alerts good for 65% gains in a choppy market

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Navigating the ever-volatile terrain of the crypto market remains one of the most difficult jobs for traders — but much less so for members of the Cointelegraph Markets Pro community.  With an institutional-grade crypto intelligence platform at their service, Cointelegraph Markets Pro subscribers have been able to spot significant price movements for crypto assets before the market moves on a regular basis. This prescient ability is actually the working of Cointelegraph Market Pro’s algorithmic tools, which are designed to spot coins showing historically similar signs to coins that have moved…

Vaneck CEO Predicts Bull Cycle for Bitcoin and Gold — Expects Fed Tightening to End Soon – Markets and Prices Bitcoin News

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The CEO of investment management firm Vaneck has predicted a bull cycle for gold and bitcoin. “We are at the very beginnings of what could be a several-year cycle in gold, and I also put bitcoin in that category as well,” the executive said, adding that the Federal Reserve is “close to the end of their tightening.” Bull Cycle for Gold and Bitcoin Jan van Eck, CEO of investment management firm Vaneck, shared his prediction regarding gold and bitcoin in an interview with CNBC last week. His firm has $69…

Macro Factors Like Interest Rates Are Moving Crypto Markets — CoinDesk

For the past nine months, overall macro conditions have taken a back seat to the idiosyncratic failures (FTX, Terra’s LUNA/UST, BlockFi, CoinDesk sister company Genesis) and success stories (the Ethereum Merge, various layer 2 launches) that drove most of the price action. But macro regained its position behind the wheel over the past few weeks. The banking crisis and subsequent policy response have taken center stage – only this time it is affecting digital assets positively at the expense of other asset classes. A quick look at the bitcoin (BTC)…

Macro Factors Like Interest Rates Are Moving Crypto Markets – CoinDesk

For the past nine months, overall macro conditions have taken a back seat to the idiosyncratic failures (FTX, Terra’s LUNA/UST, BlockFi, CoinDesk sister company Genesis) and success stories (the Ethereum Merge, various layer 2 launches) that drove most of the price action. But macro regained its position behind the wheel over the past few weeks. The banking crisis and subsequent policy response have taken center stage – only this time it is affecting digital assets positively at the expense of other asset classes. A quick look at the bitcoin (BTC)…

Custodia Bank’s membership denied for ties with crypto markets, says US Fed

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The United States Federal Reserve released an 86-page report on March 24 detailing the reasons for denying Custodia Bank’s application for membership in January, including the bank’s involvement in the crypto space.  According to the report, the Fed’s board has raised “concerns about banks with business plans focused on a narrow sector of the economy”, with a high concentration of activities related to the crypto industry. The report notes: “Those concerns are further elevated with respect to Custodia because it is an uninsured depository institution seeking to focus almost exclusively…

DigiToads can impact crypto markets as SushiSwap did before the SEC subpoena

The hype around DeFi protocols has driven a lot of excitement and investment over the last few months. DigiToads (TOADS) could set a new course for the crypto market. The question remains: will it impact the market more than SushiSwap (SUSHI)? SushiSwap’s subpoena Earlier this week, The United States Securities and Exchanges Commission (SEC) served a subpoena on SushiSwap, a decentralized exchange (DEX), and Jared Gary, its chief executive officer (CEO). The SEC said they wanted certain documents related to a case they were investigating. What is DigiToads (TOADS)? DigiToads (TOADS) is a…

EUR/USD Hits 6-Week High, as Greenback Weakens Following Fed Hike – Markets and Prices Bitcoin News

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EUR/USD raced to a six-week high on Thursday, as markets continued to react to the U.S. Federal Reserve’s 25-basis-point rate hike. The greenback was lower across the board, falling versus several G7 currencies, including the British pound. EUR/USD On Thursday, the world’s most traded currency pair rose for a sixth straight session, as markets continued to digest yesterday’s rate hike. The Federal Reserve opted to increase rates by 0.25%, despite recent uncertainty in the banking sector. Following the announcement, Fed Chair Jerome Powell stated that “FOMC participants don’t see rate…