Markets

CoinspeakerMarketAcross Forms Alliance with Chainlink Labs to Empower Blockchain Startups The partnership between MarketAcross and Chainlink Labs highlights a common goal of equipping blockchain companies with the resources and assistance they need to succeed in a competitive market. MarketAcross Forms Alliance with Chainlink Labs to Empower Blockchain Startups

CoinspeakerUS Stocks Rally as Inflation Numbers Come in Below Expectations The Federal Reserve is expected to raise interest rates at its July meeting, according to market estimates.  US Stocks Rally as Inflation Numbers Come in Below Expectations

Egypt is yet another country that currently copes with severe financial difficulties and galloping inflation, which have harmed the local currency. As such, the price of bitcoin against EGP has surged notably lately, exceeding 1,200,000 EGP on Binance, which is a record high. It is worth mentioning that the valuation is not that high on other cryptocurrency exchanges, such as Coinbase. The Outcome of the Monetary Disruption Despite Egypt’s GDP gradually growing in the past...

Coinbase’s shares spiked to almost $90 following the news that exchange operator Cboe Global Markets filed amended applications of three spot BTC exchange-traded funds, adding surveillance-sharing agreements with Coinbase. The US Securities and Exchange Commission has yet to decide on the launch of such a product. It remains unknown whether the lawsuit filed against Coinbase by the watchdog will affect its final ruling. Rising to Almost One-Year High Cboe Global Markets – an...

CoinspeakerCathie Wood’s Ark Invest Sells $12M in Coinbase Shares amid Rally Meanwhile, some Coinbase executives, including CEO Brian Armstrong, have been taking advantage of the stock’s rally in recent months. Cathie Wood’s Ark Invest Sells $12M in Coinbase Shares amid Rally

Tron price started a fresh increase from the $0.0725 level against the US Dollar. TRX price is now trading below $0.0780 and the 55 simple moving average (4 hours). There is a major bullish trend line forming with support near $0.0770 on the 4-hours chart (data feed via Kraken). The pair could continue to move up if it breaks the $0.078 resistance zone. TRON price started a fresh increase above $0.0755 against the US Dollar, similar to Bitcoin. TRX’s price could...

Bitcoin price is attempting a fresh increase from the $29,800 zone against the US Dollar. The price is now trading above $30,500 and the 55 simple moving average (4 hours). There is a key bearish trend line forming with resistance near $30,800 on the 4-hour chart of the BTC/USD pair (data feed from Coinbase). The pair could start a fresh increase if it clears the $31,500 resistance zone. Bitcoin price is rising from $29,800 against the US Dollar. BTC might eye...

Crypto investment company Paradigm has filed an amicus brief in the US Securities and Exchange Commission’s (SEC) case against Bittrex, claiming that the regulator is “wrongfully attempting to lay claim over crypto secondary markets.” The brief filed on July 7th stated that the case against the US-based crypto exchange should be dismissed. It argued that the SEC cannot support extending the Howey test to determine that secondary market sales are investment contract...

Algorand-based decentralized finance (DeFi) protocol, Algofi, has announced winding down its operations. In a statement, Algofi cited a “confluence of events” as the reason behind its decision that has rendered it no longer viable to continue building and maintaining the platform to the “highest standards.” As a result, the platform will soon transition to withdrawal-only mode. The DeFi platform revealed that closing down all the social media platforms associated with the...

CoinspeakerUK Mortgage Rates Reaches 15-Year High as Housing Market Slows Matthew Ryan, head of market strategy at global financial services firm Ebury, anticipates that the central bank will hike interest rates to around 6.35% within the first three months of next year. UK Mortgage Rates Reaches 15-Year High as Housing Market Slows