Category Archive: Cryptocurrency, No picture
Circle introduces USDC in Brazil and Mexico via local payment systems
Key Takeaways USDC can now be accessed directly using Brazilian Reais and Mexican Pesos. Integration with PIX and SPEI speeds up transactions in Brazil and Mexico. Share this article Circle announced today it has expanded access to the US Dollar Coin (USDC), its flagship product, in Brazil and Mexico, through their national real-time payment systems […]
FTSE Prints Two Week Highs Ahead Of Central Bank Bonazza
Image Source: Pexels On Tuesday, the FTSE 100 reached a two-week high due to the increase in bets on a more substantial U.S. interest rate reduction and the strength of domestic retail shares following an improved forecast from Kingfisher. The FTSE 100, a blue-chip index, reached its best level since September 3 by increasing by 0.7%. […]
CleanSpark acquires two new Bitcoin mining plants in Mississippi
Key Takeaways CleanSpark acquired two Bitcoin mining sites in Mississippi for $5.775 million, adding 16.5 MW capacity. The company closed on a 45 MW site in Wyoming, expected to contribute 3 EH/s to its hashrate. Share this article CleanSpark Inc. has acquired two Bitcoin (BTC) mining sites near Clinton, Mississippi, and closed on its second […]
What Will Crypto Do With A Fed Interest Rate Cut?
The next Federal Reserve interest rate decision meetings this year are September 17 – 18, November 6 – 7, and December 17 – 18. Will the Fed decrease, increase or hold on its current rate of 5.50%?How might bitcoin respond to Federal Reserve rate cuts? Since bitcoin can be seen as a proxy for monetary […]
Yo-Yo Market Provides A Unique Experience
Last week was an absolute first …Not in a bad way per se, but I cannot recall anything quite like it before …The previous week there were bullish setups a-plenty, and virtually none of them broke out. And then last week everything flipped and there were bearish setups a-plenty … and virtually none of them […]
The Graph clocks 1.95 billion monthly queries, registers 11-fold year-on-year growth
Key Takeaways The Graph Network reached 1.95 billion monthly queries in July 2024, an 11x increase from the previous year. Subgraphs on The Graph’s decentralized network grew to over 9,000, a 361% increase from Q1 2024. Share this article The Graph Network reached 1.95 billion monthly queries in July 2024, an 11-fold increase from July […]
DBS to launch Bitcoin and Ethereum options trading for institutional clients
Key Takeaways DBS Bank will start offering crypto options and structured notes linked to BTC and ETH in Q4 2024. The bank’s new crypto products aim to provide hedging against market volatility. Share this article DBS, Singapore’s largest bank, has confirmed through an announcement that it will begin offering over-the-counter (OTC) options trading and structured […]
The All New Market Analysis
We are up over 28% this year so far; SPX up around 18%. The FOMC meeting is Tuesday and Wednesday (September 17 and 18) and market could hold up into this date. The bottom window is the SPY/VIX ratio. A bearish sign is triggered when the SPY makes a higher high and the SPY/VIX ratio makes […]
Triple Top Pattern Locking In For US Recession Probability
Seven weeks ago, we joked a “triple-top” pattern was developing in our chart tracking the probability of recession developing in the U.S. over the next twelve months. A lot of things have happened in the weeks since, but today we can confirm that not only has that triple-top developed, its third peak will reach its maximum level […]
Risk Of 50 Bp Cut By The Fed Tomorrow Keeps The Greenback On The Defensive
With heightened expectations of a 50 bp cut by the Federal Reserve tomorrow, the dollar has not gotten a reprieve and is softer against nearly all the currencies. Japan’s long holiday weekend ended, and the greenback has held above JPY140 today. It is consolidating, but against most of the G10 currencies, the dollar’s losses have […]
