Category Archive: Finance, No picture
Bank Of Canada Cuts For A Third Time With Rates Heading Towards 3%
Image Source: Pexels BoC cuts rates again As widely expected the Bank of Canada cut the overnight rate for the third consecutive meeting, leaving the policy interest rates at 4.25%. Unemployment is rising and is likely to hit 6.5% on Friday, up from 4.8% in July 2022 while inflation continues to moderate and at 2.5% […]
Liquidity fragmentation on Bitcoin is a necessary issue to reach scalability – Neon EVM exec
Key Takeaways Bitcoin’s L2 projects aim to enable smart contracts and improve scalability, but introduce liquidity fragmentation. Talent scarcity in blockchain development poses challenges for Bitcoin’s smart contract ecosystem growth. Share this article According to Signal21 Analytics data, 21 layer-2 (L2) projects are being built on Bitcoin’s (BTC) ecosystem. The idea behind these projects is […]
Median Household Income In July 2024
Motio Research’s initial estimate of U.S. median household income in July 2024 is $78,545. That figure is $545 (0.7%) below its initial estimate of $79,090 for June 2024.Motio Research’s monthly estimates of median household income are produced using income data collected by the U.S. Census Bureau as part of its monthly Current Population Survey. As such, this data […]
Bitcoin short-term holders underwater as market pressure mounts – Glassnode
Key Takeaways Bitcoin short-term holders are experiencing significant unrealized losses amid market pressure. The Sell-Side Risk Ratio suggests a saturation of profit and loss-taking activities in the current price range. Share this article Bitcoin (BTC) short-term holders are bearing the brunt of market pressure as prices stay underwater, as reported by Glassnode. The Short-Term Holder […]
GOLD Followed Yesterday Analysis. Today 2494.88 Is Break Point On The H4 – Wednesday, September 4
Today you will see GOLD price prediction based on the technical analysis. What is the support and resistance on the daily time frame for XAUUSD. What to expect where the price will breakout for the XAUUSD based on the supply and demand zones.Video Length: 00:03:39More By This Author:NASDAQ Analysis Today and the Week Ahead Platinum […]
AI tokens daily losses surpass market’s average downturn after DOJ subpoenas Nvidia
Key Takeaways AI tokens fell 7.1% on average, outpacing Bitcoin and Ethereum’s 4.3% and 4.4% declines. Blockchain AI agents category experienced an 11.1% average intraday drop amid the market downturn. Share this article Nvidia got subpoenaed by the US Department of Justice (DOJ) on Sept. 3 as the chipmaker is investigated over potential antitrust law […]
Market Turmoil Deepens As Economic Data And Semiconductor Declines Raise Recession Fears
The market is under significant pressure as we kick off September, with tech stocks, especially semiconductors, leading the downturn. The sharp declines in companies like Nvidia, AMD, and Intel reflect investor concerns not only about the broader economy but also potential sector-specific challenges, like the news of subpoenas for Nvidia. This kind of selling momentum, […]
Polygon begins migration from MATIC to POL, boosting its ‘hyperproductive’ utility
Key Takeaways POL token now primary for gas and staking in Polygon network. Community can earn fees from multiple sources with POL. Share this article Polygon has executed a key technical upgrade, converting its native MATIC cryptocurrency to the new POL token on a 1:1 basis. The upgrade, effective September 4, aims to enhance the […]
Ripple will soon debut its RLUSD stablecoin, says Brad Garlinghouse
Key Takeaways Ripple’s new stablecoin, Ripple USD, is in closed beta and set to launch soon. CEO Brad Garlinghouse has no interest in pursuing a US IPO due to SEC hostility. Share this article Ripple is on the brink of rolling out its US dollar-pegged stablecoin, Ripple USD (RLUSD), said Ripple CEO Brad Garlinghouse during […]
GTLS: A Thinly Traded Opportunity With Plenty Of Downside Left
Image Source: UnsplashHere’s a chart (GTLS) I’ve suggested many times, always with the proviso that it’s so thinly traded that it’s tough to get into it. So – – – another ship that’s sailing away (but has plenty of downside still). More By This Author:Semis Set For A Historic Crash Paint It Green One Sparked, The Other […]
