Markets

After spending multiple weeks trapped around $19,000, Bitcoin’s price was finally able to escape the range and break out toward the upside. BTC reclaimed $20K and even poked above $21,000 before retracing a bit to where it currently trades. Elsewhere, Elon Musk officially acquired Twitter, so let’s unpack. Bitcoin started the week trading at around $19,000, and it was seemingly trapped there for quite a while. However, the volatility picked up on Tuesday, and the bulls...

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Customer service is the heart and soul of any business. Without it, a company is doomed to fail. No Customer Service? No Company! When someone has questions about your products, what do they do? They call up your customer service department to speak with someone who knows your company. That someone then provides the necessary information to them, easing their concerns and bringing them closer to buying or investing in your services. One of the problems we’ve been seeing...

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On Oct. 27, the portfolio and asset manager published its “2022 Institutional Investor Digital Assets Study,” an annual report shedding light on the crypto industry from an institutional perspective. The research revealed that the market is now well-positioned to weather the macroeconomic headwinds it has faced in recent months. Fidelity Digital Assets President, Tom Jessop, commented: “We believe that digital assets fundamentals remain strong and that the...

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Bitcoin cash is attempting a fresh increase from the $104 zone against the US Dollar. The price is now trading above the $110 zone and the 55 simple moving average (4-hours). There is a major bullish trend line forming with support near $112 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase). The pair must clear $115 and $118 to continue higher in the near term. Bitcoin cash price is climbing above $110 against the US Dollar, similar to bitcoin. BCH/USD...

Changpeng Zhao – CEO of Binance – revealed that the National Bank of the Republic of Kazakhstan will integrate its central bank digital currency (CBDC) into BNB Chain. The firm has strengthened its presence in the Central Asian country lately. The local regulator AIFC Financial Services Authority (AFSA) allowed it to operate a digital asset platform and provide custodial services to Kazakhstani consumers. The NBK Picked BNB Chain Zhao disclosed that Binance’s team has...

China’s autonomous special administrative region – Hong Kong – reportedly aims to legalize cryptocurrency retail trading and emerge as a digital asset hub. According to the Co-Founder of BitMEX – Arthur Hayes – the state’s vision and crypto adoption could propel a new bull market. What Is on the Agenda? A recent coverage by Bloomberg informed that Hong Kong’s authorities could enforce a friendly regulatory framework on cryptocurrencies in March 2023. Specifically, regulators...