Markets

On Tuesday, June 13, the markets reacted positively to the publication of inflation data. The inflation rate in the United States increased by 0.1% in May. This inflation figure represents a 4% increase over the past 12 months, which meets the economic expectations of the Fed. But will it be enough for the Federal Reserve to slow down its aggressive monetary policy? According to the Consumer Price Index Summary report for May, published by the US Bureau of Labor Statistics, inflation...

The Maverick Protocol will be available on the Binance Launchpool as the newest project launched after the Sui blockchain in April. Binance has introduced the newest project on the Binance Launchpool, Maverick Protocol (MAV). The Maverick Protocol, the 34th project on Binance Launchpool, is a decentralized exchange (DEX) that helps liquidity producers hit their capital efficiency targets regardless of their liquidity providing (LP) strategy. According to the official Binance announcement,...

The crypto market has turned bearish since the SEC charged Binance and Coinbase with listing unregistered securities last week. The cryptocurrency market is in a crucial growth phase that could significantly determine the winners of blockchain mainstream adoption. The fact that different countries are coming up with respective crypto policies is a true testament that there is a need for an update on the decades-old financial systems. Notably, Europe, Hong Kong, Middle East countries, El...

The U.S. Securities and Exchange Commission (SEC) has released its long-awaited internal documents related to former commissioner William Hinman’s speech on digital assets in 2018.  The reveal incited fury from Ripple CEO Brad Garlinghouse, who has now accused the SEC of willingly throwing “an entire industry into chaos” by releasing the speech.  Hinman Ignored All Warnings According to now publicly available emails from the SEC, the agency warned Hinman multiple times that...

The price of Bitcoin is now experiencing some stability after heavy volatility following last week’s events in the crypto sector. The price of Bitcoin (BTC) seems to have stabilized as the world’s largest cryptocurrency by market cap recovers from recent volatility. Throughout last week, Bitcoin was unstable following regulatory issues that plagued the crypto industry and caused uncertainty and doubt. According to CoinMarketCap data, Bitcoin is trading at $26,147 after climbing less...

The SEC chair previously indicated that all cryptocurrencies apart from BTC are securities. In a recently unearthed video from a 2018 crypto-themed event hosted by Bloomberg and Fidelity, Gary Gensler, the current chairman of the United States Securities and Exchange Commission (SEC), made statements that contradict his current position on digital assets regulations in the country. The video, which started circulating on Twitter on June 12, shows Gensler addressing institutional investors...

MANU stock price surged by a staggering 30% as the news emerged of Sheikh Jassim being the preferred bidder of the Premier League soccer club. On Tuesday, June 13, the shares price of Manchester United (NYSE: MANU) popped up by a massive 30% in the pre-market hours on the New York Stock Exchange. The recent surge happened after Qatari media suggested Sheikh Jassim bin Hamad al-Thani is likely to succeed with his takeover bid. On Tuesday, Qatar’s local news publication Al-Watan reported...

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up ADA price seems to be recovering above the $0.25 level against the US Dollar. The price is now trading below $0.32 and the 55 simple moving average (4 hours). There is a key bearish trend line forming with resistance near $0.278 on the 4-hour chart (data feed via Coinbase). The price could gain bullish momentum...

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up Ethereum price is struggling below the $1,850 resistance against the US Dollar. ETH price is now trading below $1,800 and the 55 simple moving average (4 hours). There is a major bearish trend line forming with resistance near $1,775 on the 4-hour chart (data feed from Coinbase). The pair could continue to move...

Some residents of Turkey have reportedly revived their interest in the cryptocurrency market, more specifically in the stablecoin USDT, following a new decline in their national currency and fears that severe inflation could start looming again across the country.  The downtrend of the Turkish lira (which has been evident in the past few years) intensified shortly after Recep Erdogan won the presidential elections, securing himself another five years as the political leader....