Markets

Philip Jefferson – one of the Federal Reserve’s three newest governors – has re-emphasized the central bank’s plans to continue fighting inflation.  The former college professor said he and his colleagues are committed to taking “further steps necessary” to address the problem, and gave no indication that they would consider dovish monetary policy in the near term.  Fed Will Stay the Course The governor delivered his remarks to a conference in Atlanta organized by three of...

Though Bitcoin’s price has been suppressed for months, this may not necessarily mean that adoption of the asset is slowing down.  On-chain data from IntoTheBlock shows that the number of non-zero Bitcoin addresses has steadily increased since the crypto market peak in November.  People, or Addresses? As the crypto intelligence platform indicates, about 41.9 million addresses currently hold a balance on Bitcoin’s network. That’s narrowly shy of the all-time high of 42.07...

Cryptocurrencies have risen to prominence over the past few years, and many retail and institutional investors are seeking direct and indirect exposure to digital assets. But while the industry offers multiple investment options, navigating the market in search of the most profitable opportunities can be daunting. For instance, most users have to create accounts on different crypto platforms to access investment opportunities and spend their profits. Thankfully, some...

In a new report, the Financial Stability Oversight Council (FSOC), a regulatory panel comprising leading financial regulators, identified areas in crypto regulation with: limited oversight of the spot market for tokens that are not securities; opportunities for regulatory arbitrage, or benefit favorable rules; if crypto firms should be allowed to integrate multiple services traditionally offered by intermediaries, such as broker-dealers and clearing houses. More Power to Top...

A report published in mid-September showed inflation was (what a surprise) higher than expected, and bitcoin took serious heat for it. The world’s number one digital currency by market cap fell into the low $20,000 range not long after and lost about $2,000 off its price. Inflation Keeps Getting Worse This is also bad news in the sense that as inflation continues to remain high, the Federal Reserve will likely stay aggressive and hike rates again. Thus, we can logically...

Bit Panda – a financial technology firm based in Vienna, Austria – has stated that it’s going to be reverting back to the ways of traditional finance (or tradfi) in coming weeks and months and somewhat step away from the cryptocurrency and defi spaces. Bit Panda Wants a More Traditional Route The digital currency arena hasn’t been doing too well as of late. The price of bitcoin, for example, was trading at a new all-time high of about $68,000 per unit in November of last...

ADA price seems to be forming a support base above the $0.415 level against the US Dollar. The price is now trading below $0.45 and the 55 simple moving average (4-hours). There was a break above a major bearish trend line with resistance near $0.425 on the 4-hours chart (data feed via Bitfinex). The price could gain bullish momentum if it clears the $0.435 and $0.440 levels. Cardano price is showing positive signs above $0.410 against the US Dollar, similar to bitcoin....

Ethereum price is showing positive signs above the $1,300 level against the US Dollar. ETH price is now trading above $1,300 and the 55 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $1,365 on the 4-hours chart (data feed from Coinbase). The pair could rally further if it clears the $1,365 resistance zone. Ethereum price is rising above the $1,300 level against the US Dollar. ETH/USD could rise further if it clears the...

The world’s largest cryptocurrency exchange – Binance – signed a Memorandum of Understanding (MoU) with the Financial Monitoring Agency of the Republic of Kazakhstan. Over the course of the agreement, both parties expressed a mutual interest in creating a safe crypto environment in the Asian country and bringing down financial crime in the area. Binance’s Efforts in Kazakhstan The trading venue revealed its intentions to expand in the Central Asian nation at the beginning of...

Stellar lumen price started a fresh increase above the $0.1100 resistance zone against the US Dollar. XLM price is now trading above $0.1140 and the 55 simple moving average (4-hours). There was a break above a major bearish trend line with resistance near $0.1080 on the 4-hours chart (data feed via Kraken). The pair could continue to rise if it stays above the $0.1160 and $0.1140 support levels. Stellar lumen price is trading above $0.1140 against the US Dollar, similar...