Tag: Markets

ADA Hits Multi-Week Low, as Red Wave Hits Crypto Markets – Market Updates Bitcoin News

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Cardano fell to a multi-week low on March 2, as cryptocurrency prices were mostly lower in today’s session. The global market cap has mostly declined on Thursday, and is trading 1.71% lower as of writing. Cosmos was also in the red, with prices retreating to a key price floor. Cardano (ADA) Cardano (ADA) dropped to a multi-week low on Thursday, as prices collided with a key support point. ADA/USD plunged to an intraday low of $0.3501 in today’s session, following a high of $0.3637 on Wednesday. As a result of…

The Future of Crypto Markets Will Be Driven by Developments in the Hong Kong and China

Allowing the opening of crypto markets could, of course, encourage more flows out of the yuan, which the Chinese authorities would understandably prefer to avoid. But if crypto assets and the innovation they bring are going to be key to the development of the financial markets of tomorrow, then China would obviously want some influence. Furthermore, China is probably watching with interest the building antagonism toward crypto from Washington, D.C. If the U.S. sees crypto markets as a threat, it could be a threat worth exploring. Source

Cryptocurrencies Resilient Despite Weaker Equity Markets, Increased Regulatory Activity: Citi

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Russian Darknet Markets, Ransomware Groups Thrive Despite Sanctions, Report – Bitcoin News

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Russian marketplaces on the dark web have continued to operate despite Western sanctions and efforts to shut them down, according to a report accessing the illicit blockchain space amid the world’s “first crypto war.” Ransomware actors and high-risk crypto exchanges have also remained active. Underground Russian Crypto Platforms Adapting to Disruptions Caused by Ukraine War Before Russia invaded Ukraine a year ago, cryptocurrency exchanges linked to the two countries accounted for over half of the international volumes of illicit crypto funds. Cybercrime organizations were full of Russian-speaking members and Russian-language…

How does the U.S. Dollar Index (DXY) impact cryptocurrencies? Watch Macro Markets

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The show Macro Markets, hosted by Marcel Pechman, which airs every Friday at 12 pm ET on the Cointelegraph Markets & Research YouTube channel, explains complex concepts in layman’s terms and focuses on the cause and effect of traditional financial events on the day-to-day crypto activity. In the show’s inaugural episode airing today, Pechman discusses the impact of the U.S. Dollar Index (DXY) on cryptocurrencies and how the inflation-protected bonds exchange-traded fund (ETF) provides a much better estimate of traditional markets’ demand for fixed income. Viewers will learn how a…

Commodity Strategist Mike McGlone Predicts a Recession as Top Catalyst for Gold’s Rise Above $2,000 – Markets and Prices Bitcoin News

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This week, Bloomberg Intelligence Senior Macro Strategist Mike McGlone shared his March outlook and noted that the “top catalyst” that could push gold above the $2,000-per-ounce range is a recession. McGlone further explained in an update about bitcoin and the Nasdaq that a key ingredient to force the U.S. Federal Reserve to pivot its stance is “a sharp drop in the stock market.” Mike McGlone Shares March Outlook for Precious Metals and Cryptocurrencies Gold and silver prices were lower this past week, with gold close to dropping below the $1,800-per-ounce…

NFT Sales Soar 138% in Past Week, Blur Market Dominates This Week’s ETH-Based NFT Sales – Markets and Prices Bitcoin News

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Non-fungible token (NFT) sales have soared this past week, climbing 138.15% higher than the week before. Sales recorded between last Friday and Feb. 24, 2023, indicate that $801 million in NFT sales have been settled over the last seven days. Ethereum Digital Collectibles and Mutant Ape Yacht Club Lead NFT Sales Surge While crypto asset prices took a step back on Friday, the last seven days have shown a significant rise in NFT sales compared to the previous week. Bitcoin.com News reported last week that NFT sales had surged 43%,…

DEX Mango Markets Will Alter Multi-Sig Feature to Mitigate Security Threats After $114M Exploit

CryptoX – Cryptocurrency Analysis and News Portal In the event of unforeseen market conditions, Mango’s security council can put the protocol into “post-only mode” to limit deposits, buys, borrows and position increases. The decentralized autonomous organization (DAO) can then vote on whether to halt trades, force settlement or updating risk parameters. Original Source The post DEX Mango Markets Will Alter Multi-Sig Feature to Mitigate Security Threats After $114M Exploit appeared first on CryptoX. CryptoX Portal