Market participants have been particularly attentive to any signals that the Federal Reserve may continue to raise interest rates. A recent report from the Labor Department has revealed that initial filings for jobless claims or unemployment benefits for the week ended September 30th reached a seasonally adjusted 207,000. While this statistic represents a 2000 rise over the previous figure, it fell short of the Dow Jones consensus projection of 210,000, indicating that the job market...
Read More »Is Ripple (XRP) on the Verge of Bull Run? (Ripple Price Analysis)
Ripple’s price has been showing a slight uptrend, retracing toward the 200-day moving average on the daily chart. However, if the cryptocurrency successfully breaks above the 200-day moving average and the significant resistance zone at $0.55, the market will probably shift into a bullish trend. XRP Analysis By Shayan The Daily Chart Upon analyzing the daily chart, Ripple’s price experienced a notable rejection, leading to a phase of consolidation. It retraced slightly toward...
Read More »French Train Manufacturer Alstom Shares Fall 35% Following Reduced Free Cash Flow Forecast
Alstom highlighted reasons for the free cash flow reduction for H1 of the fiscal year, and predicted a reduced figure for the full year. Shares in French train manufacturer Alstom crashed by more than 35% following a reduction in the company’s forecast for free cash flow. As of this writing, Alstom shares are selling at €13.76, a 35.88% plunge from its previous close at €21.46. Alstom published a press release containing preliminary financial information for the first half of fiscal...
Read More »Metro Bank Shares Slumps 29%, Triggers Double Suspension on LSE
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...
Read More »Doosan Robotics Shares More than Double in South Korea’s Thursday IPO
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...
Read More »Zuger Kantonalbank launches mobile-friendly crypto offering with Sygnum Bank
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...
Read More »EOS Price Analysis: Risk of Downside Break Below $0.55
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....
Read More »Litecoin (LTC) Price Analysis: Bulls Protect Key Uptrend Support
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...
Read More »How CZ Declined $40 Million Investment Offer from SBF
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...
Read More »Everything You Need to Know About One of the Important Ripple Updates
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...
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