Markets

Crypto security companies are raking in a fortune despite the bear market that has bloodied firms across the rest of the industry. Zeth Couceiro – founder of crypto recruitment company Plexus Resource Solutions – recently told Bloomberg that salaries for experienced blockchain auditors can run as high as $400,000 per year.  Overwhelming Demand for Auditors According to Couceiro, the typical blockchain auditor currently gets paid about 20% more than Solidity-focused...

The most recent outlook for Bitcoin is not overly promising, as the price has been rejected from a key technical resistance level and is breaking below support levels. The recent rebound from the $20K area appears to have been just another mid-bear market bull trap. Technical Analysis By: Edris The Daily Chart The price has been plummeting over the last few days after getting rejected from the $24K resistance level for the third time. The 100-day moving average, currently...

Stellar lumen price started a fresh decline from the $0.13 resistance zone against the US Dollar. XLM price is now trading below $0.1150 and the 55 simple moving average (4-hours). There was a break below a major bullish trend line with support near $0.1240 on the 4-hours chart (data feed via Kraken). The pair could continue to move down if it breaks the $0.105 and $0.100 support levels. Stellar lumen price is trading below $0.1250 against the US Dollar, similar to...

Ripple price started a fresh decline from the $0.3900 resistance against the US dollar. The price is now trading below $0.355 and the 55 simple moving average (4-hours). There was a break below a major bullish trend line with support near $0.3780 on the 4-hours chart of the XRP/USD pair (data source from Bittrex). The pair could continue to move down if it breaks the $0.330 and $0.325 support levels. Ripple price is declining below $0.355 against the US Dollar, similar...

Notre meetup du mois d’août 2022 est planifié pour le MERCREDI 31 à 19h00. Il se tiendra au Seven Bar (20 rue Souverain Pont – 4000 Liège), le quartier général des bitcoineurs liégeois qui, par ses breuvages rafraîchissants, nous aide encore et toujours à supporter la canicule et le bear market ! SOCIAL MEETUP – BIS REPETITA PLACENT Comme chaque année à la même période, les présentations...

The crypto market has experienced a deep correction in the last two days. A downward movement from a high of $0.392 on August 17 caused Ripple to lose more than 13% of its market capitalization at the time of this writing. Technical Analysis By: Grizzly The Weekly Chart After three weeks of swinging below horizontal resistance at $0.39 (in red), the bears finally aggressively pushed the price down. This formed a giant red daily candle over the last two months. The key is that...

Following a drop to a 3.5-week lohasETH had seen a slight recovery in today’s market action as the price is struggling to maintain above Now of now, all eyes are on the support, which lies on yesterday’s low at $1500, where lies the 50-day moving average line. Technical Analysis By: Grizzly The Daily Chart The ETH/USDT trading pair could not avoid the recent crypto correction, which triggered a rapid downward move from around $2,000, which was recorded just a week ago....

A former Coinbase employee and two of his comrades have been arrested by the Department of Justice (DOJ) following reports that the employee had conducted insider trading and passed along confidential information to his cohorts about which coins would be listed on the exchange in the future. A Man Who Worked with Coinbase Has Been Arrested The former employee – a man named Ishan Wahi – was part of the team at Coinbase that listed assets on the trading platform. The data...

The European Central Bank unveiled a discussion paper this week on the pros, cons, and economics of implementing central bank digital currency (CBDC). It suggested that CBDCs could help stave off dominance from BigTech firms in the payments market due to “network externalities” surrounding the use of a medium of exchange.  Ultimately, the paper posits that CBDC may be “the only solution to guarantee a smooth continuation of the current monetary system.” The Threat of Digital...

Bitcoin’s situation took another turn for the worse in the past 24 hours as the asset slipped to $20,750. Most altcoins are in a similar position this week, making it the worst performing trading one since the massive crash in mid-June. Bitcoin Down 15% Weekly A lot can change in the cryptocurrency markets within a week. Bitcoin, for instance, was riding high last weekend when it jumped above $25,000 on two separate occasions to mark new multi-month peaks. While the bulls...