Markets

The recent halts in the trading of Metro Bank’s shares on the London Stock Exchange come on the heels of reports that the Bank was seeking to raise $727 million in debt and equity.  In a surprising turn of events, shares of Britain’s Metro Bank Holdings PLC (LON: MTRO) experienced a dramatic plunge, leading to not one but two suspensions on the London Stock Exchange (LSE) in the early hours of today’s trading. Metro Bank’s Volatile Slide According to recent reports, Metro Bank shares...

Doosan Robotics had an impressive IPO with shares jumping more than 100%, making it South Korea’s biggest trading debut so far this year. Shares in South Korean collaborative robot (cobot) Doosan Robotics jumped significantly from their initial public offering (IPO) price upon their trading debut on Thursday. Doosan Robotics shares began trading at 59,100 won, an increase of more than 127% from the initial IPO price of 26,000 won. At its highest point, Doosan shares climbed to 67,000 won...

Zuger Kantonalbank’s customers can invest in a range of leading cryptocurrencies including Bitcoin, Ethereum, XRP, Polygon and Uniswap: Sygnum’s fiat-digital-asset gateway enables them to conveniently buy and trade cryptocurrencies via Zuger Kantonalbank’s e-banking and mobile banking app. Assets are secured by Sygnum’s multi- custody solution and held off balance sheet, eliminating all counterparty risk towards Sygnum. The 131-year-old financial institution, based in Switzerland’s Crypto...

EOS price started a downside correction from the $0.620 zone against the US Dollar. The price is now trading below $0.600 and the 55 simple moving average (4 hours). There is a key bullish trend line forming with support near $0.572 on the 4-hour chart of the EOS/USD pair (data feed from Coinbase). The pair could continue to move down if it stays below the $0.586 and $0.600 resistance levels. EOS price is declining below $0.600 against the US Dollar, like Bitcoin....

Litecoin is slowly moving higher from the $63.00 support against the US Dollar. LTC price is now trading below $65.50 and the 55 simple moving average (4 hours). There is a key bearish trend line forming with resistance near $65.00 on the 4-hour chart of the LTC/USD pair (data feed from Coinbase). The pair could gain bullish momentum if it clears the $65.00 and $65.50 resistance levels. Litecoin price is recovering from the $63.00 zone against the US Dollar, like...

According to Michael Lewis’ book “Going Infinite,” Binance CEO Changpeng “CZ” Zhao turned down an offer in March 2019 from former FTX CEO Sam Bankman-Fried to invest $40 million in creating a cryptocurrency futures exchange. Binance, originally a spot crypto exchange, decided to develop a futures exchange internally instead of accepting an offer from Bankman-Fried. In response, SBF established FTX in May 2019. However, FTX faced financial difficulties and filed for bankruptcy...

TL;DR The XLS-39 Clawback, part of the XRP Ledger Version 1.12.0, allows asset issuers to “claw back” assets for account recovery or in case of suspected fraudulent activity. The feature has stirred debate in the XRP community, with concerns about it granting issuers excessive control and potential for misuse. Ri Clawback: More Safety or a Double-Edged Sword? The XLS-39 Clawback is a feature that seeks to add a new layer of token control for the XRP Ledger. Clawback is part...

In a landmark development for the Canadian digital assets market, TMX Group, the largest exchange in the country, is set to launch Bitcoin (BTC) futures contracts on its derivatives trading platform. As per reports, Montréal Exchange’s (MX) move to launch a Bitcoin Price Index Futures is in response to the growing market demand for this new class of assets. Bitcoin Futures Trading in Canada The announcement from the popular exchange starts by saying, “Montréal Exchange (MX)...

Bitcoin’s price is currently situated in a critical area, and its reaction in the next few days will likely determine the market’s direction in the coming weeks. Technical Analysis By Edris The Daily Chart The price has recently surpassed the $27,500 resistance level on the daily timeframe after breaking above the 50-day moving average around the $26K mark. However, the price has been rejected by the 200-day moving average near the $28K level, leading to a pullback to the...

Seizing opportunities in the crypto market requires the resilient edge that Bitfinex provides. To excel in this arena, understanding the essence of market volatility is paramount. Crypto market volatility refers to the rapid and substantial price fluctuations exhibited by digital currencies. These price swings can be initiated by various factors, including changes in market sentiment, regulatory developments, economic events, and the influence of social media trends. To...