Markets

The free reign stablecoin issuers had in the European markets is ending on June 30 as the EU’s MiCA (Markets in Crypto Assets) regulations will enforce caps on transaction volumes and value. That means asset-referenced stablecoins not pegged to the Euro, witnessing over a million transactions or facilitating the movement of value over $215 million will need to be discontinued in the bloc. Transactions considered for the caps will include those conducted for payments of goods and services...

Crypto market intelligence provider IntoTheBlock published a report on Thursday comparing the best risk-adjusted methods to earn yield in the world of decentralized finance (DeFi). Despite the “nearly infinite number of composable strategies” the firm claims its most optimal to stick to “straightforward strategies,” that boil down to “only a handful of different primitives.” The Best Way to Earn In DeFi The first strategy highlighted by the firm is AMM Liquidity...

PancakeSwap has launched a new prediction market on Arbitrum in collaboration with Allora, an AI and ML firm. With that, PancakeSwap lets users bet on crypto prices, with price feeds delivered directly to the platform. The novelty comes from Allora’s AI integration, the AI assisting users in making the right bets by guessing which way the price of a digital asset will swing. This is not Allora’s first rodeo in the predictions market—it has been integrated Into such platforms for various...

[PRESS RELEASE – Dubai, United Arab Emirates, June 28th, 2024] Pivozon, a forex robot software that is expected to change how traders approach the EURUSD currency pair on the D1 timeframe, is introduced by Dubai-based fintech Avenix Fzco. Power of the D1 Timeframe The distinctive design of Pivozon revolves around its intentional focus on the D1 timeframe, which allows the EA to detect and capitalize on points of trend reversal. Pivozon relies on advanced technical indicators...

[PRESS RELEASE – Dubai, United Arab Emirates, June 28th, 2024] Reversedo, a forex robot software, has just been released by the fintech firm Avenix Fzco. This cutting-edge expert advisor (EA) focuses on the XAUUSD (gold) market and was created especially for the MetaTrader 4 trading platform. Using algorithms and technical indicators, Reversedo examines market trends and looks for possible reversal points. This enables traders to make choices and be ready for any type of...

[PRESS RELEASE – Dubai, United Arab Emirates, June 28th, 2024] Avenix Fzco, a UAE-based fintech firm, latest software, Trendonex, is an advanced forex robot developed for automating trades on the MetaTrader 4 (MT4) platform. It is an advanced Expert Advisor (EA) tailored for the H4 time frame and specifically designed for trading XAUUSD, offering potentially optimal results in a range of market conditions. Avenix Fzco’s seeks that its commitment to innovation, and providing...

[PRESS RELEASE – Dubai, United Arab Emirates, June 28th, 2024] Pivlex is the newest automated trading solution from pioneering fintech company Avenix Fzco. With an emphasis on the Gold market, this Expert Advisor (EA) is made to potentially improve trading possibilities on the M1 timeframe. Pivlex provides traders with a more effective tool for enhancing their trading process by using sophisticated algorithms. Its approach is based on carefully arranging pending orders to...

[PRESS RELEASE – Dubai, United Arab Emirates, June 28th, 2024] Leading the fintech industry in Dubai, Avenix Fzco has launched Majestic EA, its newest automated forex trading solution. This forex robot software offers users of the MetaTrader 5 (MT5) platform a powerful and easy-to-use solution that is intended to completely transform the way traders interact with the foreign exchange market. Using cutting-edge algorithms and technical analysis, Majestic EA aims to potentially...

T-Rex Group – a financial services company – has filed for a 2x leveraged MicroStrategy (MSTR) exchange-traded fund (ETF) in the United States. This financial vehicle is being deemed as potentially the most volatile ETF in the country. The filing with the Securities and Exchange Commission’s EDGAR platform reveals that the main aim of the objective of the fund, dubbed ‘T-Rex 2X Long MSTR Daily Target ETF,’ is to magnify the daily performance of the publicly traded common...

Bitcoin miners have been one of the key players causing market declines as they engaged in intense selling after the latest halving event which slashed the mining rewards from 6.25 to 3.125 BTC earlier this year. However, the latest data suggest that the selling pressure from these entities has significantly decreased. Such a trend could potentially bolster the asset’s price and trigger a market-wide surge. Weakening Miner Sell Pressure The recent bearish market conditions...