Markets

Citi downgraded Robinhood Markets (HOOD) stock to ‘Neutral’ from ‘Buy’ due to potential risks from upcoming market structure proposals by the United States SEC, a cautious equity market outlook, and the impact of bankrupt-platform FTX spilling over the crypto trading revenue and client base. The analyst stated that the timing of that is “uncertain.” It is also important to note that the implosion has removed it from the list of possible Robinhood acquirers. Citi analysts...

Fintech firm Uala – based in the nation of Argentina – is venturing into crypto territory and has stated it will allow customers to trade digital assets like BTC and ETH through its app. Uala in Argentina Is Giving Way to Crypto Trades Valued at roughly $2.5 billion following its last funding round, Uala is becoming one of the largest financial technology companies in South America. Customers that utilize the app will be able to trade pesos for mainstream assets like...

[PR – Singapore, Singapore, 13th December, 2022, Chainwire] Stader Labs, a leading multi-chain liquid staking protocol, has announced that it is launching its liquid staking solution, ETHx for Ethereum. This week, Stader Labs published its vision for Ethereum which sheds light on what to expect. The State of Ethereum Staking Firstly, a glance at the state of Ethereum staking today shows that liquid staking has emerged as the most popular way (33% of all staked eth) for users...

Tron price started a fresh increase above the $0.0530 level against the US Dollar. TRX price is now trading above $0.0540 and the 55 simple moving average (4-hours). There is a key connecting trend line forming with resistance near $0.0552 on the 4-hours chart (data feed via Kraken). The pair could continue to move up if it breaks the $0.0556 resistance zone. TRON price started a fresh increase above $0.054 against the US Dollar, similar bitcoin. TRX price could rise...

Bitcoin price started a recovery wave above the $17,000 support against the US Dollar. The price is now trading above $17,000 and the 55 simple moving average (4-hours). There is a major bullish trend line forming with support near $17,200 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase). The pair could rise further if it clears the $18,000 resistance zone. Bitcoin price is recovering above $17,000 against the US Dollar. BTC might extend its recovery if...

Coinbase, BTC Direct und Bitpanda: Mittlerweile gibt es einige Bitcoin Serices, die sich auch für Anfänger und Einsteiger eignen.. Coinbase, die globale Plattform für Kryptowährungen, bietet Finanzdienstleistern in der Schweiz jetzt einen noch einfacheren und sicheren Einstieg in die Welt der Kryptowährungen an. Seit dem 01. Dezember 2022 ist Coinbase Teil des Open Business Hub von Swisscom und erhält zentralen Zugang zu den Business-API-Ökosystemen...

The FTX collapse spurred action from yet another financial watchdog. The Thailand Securities and Exchange Commission (SEC) is gearing up to impose more stringent regulations on crypto assets similar to that of the global market in a bid to protect investors. According to Bangkok Post, the SEC said that regulators should play a greater role in enhancing investor protection mechanisms. The regulator has established a working committee consisting of relevant government agencies...

Popular Youtuber Nicholas Merten (DataDash) argued that investors have not rushed to “buy the dip” on worries of the inflation numbers, which clocked in lower than the expectations earlier today. Based on his research, the number of people buying and selling BTC has been dropping each week recently, which indicates that its price will likely continue to fall.  More Pain Coming In his most recent video, Merten claimed that the traditional bear market for bitcoin is yet to...

Crypto and Bitcoin markets are heading for a lull period if the on-chain activity is anything to go by. In its last weekly on-chain report for the year, analytics provider Glassnode reported that Bitcoin annualized realized volatility has been the lowest since October 2020. The metric matches similar low volatility levels at the previous cycle bottom in late 2018. Futures volumes are also severely depressed at multi-year lows, it stated, adding: “This shows the massive impact...

Changpeng Zhao – CEO of Binance – said clients had withdrawn approximately $1.14 billion worth of crypto today (December 13) from the platform. The executive assured they handled the demand and that business continues to operate “as usual.” Zhao stated on Twitter that the recent withdrawal requests are not a black swan event, reminding that Binance has processed such an amount of transactions before, as also seen on the following chart by Nansen. Source: NansenThe CEO...