Category Archive: Cryptocurrency, No picture
Bitcoin eyes $61,500 after bouncing back from key support test
Key Takeaways Bitcoin successfully tested $58,000 support, potentially targeting $60,500-$61,500 range. US spot Bitcoin ETFs experienced $127 million in outflows following the price drop. Share this article Bitcoin (BTC) is successfully testing weekly key support despite quickly crashing to the $58,000 price level on Aug. 27. According to the trader identified as Rekt Capital, a […]
CEO of Haru Invest stabbed during his trial in a Korean courtroom
Key Takeaways Haru Invest CEO Hugo Lee was stabbed during a fraud trial in Seoul by an investor who lost money. Haru Invest is accused of stealing $826 million from investors in an alleged Ponzi scheme. Share this article The CEO of the alleged Korean Ponzi scheme Haru Invest was attacked during a court trial […]
Binance CEO dismisses ‘FUD’ over alleged freeze of Palestinian crypto wallets
Key Takeaways Allegations suggest Binance froze Palestinian assets under an Israeli government order. The crypto community’s reaction highlights concerns over centralized exchange vulnerabilities. Share this article Recently, allegations have emerged that Binance has frozen the assets of Palestinian users following a request from the Israel Defense Forces (IDF).These claims are based on a document purportedly […]
India’s central bank proposes ‘plug-and-play’ CBDC framework for cross-border transactions
Key Takeaways RBI’s new CBDC system aims to enhance global payment efficiency. Interoperability is a core feature of RBI’s proposed CBDC framework. Share this article The Reserve Bank of India (RBI) has proposed developing a plug-and-play system for cross-border payments to enhance interoperability between countries.RBI Governor Shaktikanta Das highlighted the potential for greater efficiency in […]
TON resumes block production post-outage
Key Takeaways TON blockchain experienced a halt in transactions due to an overload caused by the DOGS memecoin airdrop. Validators are urged to restart nodes to reestablish consensus on the TON network. Share this article The Open Network (TON) is back online after a six-hour outage that began at around 10:11 p.m. UTC on Tuesday, […]
IBEX Elliott Wave Cycle From Early This Month Is Mature And May Pullback
Image Source: PexelsShort Term Elliott Wave in IBEX suggests decline to 10307.61 ended wave ((4)). The Index has turned higher in wave ((5)) but it still needs to break above wave ((3)) peak at 11469 to rule out a double correction. Internal subdivision of wave ((5)) is unfolding as a 5 waves impulse Elliott Wave structure. Up […]
Boring Regular Trading, Big After-Market On Q2 Beats: JWN, AMBA, BOX
Image Source: UnsplashThree out of the four major stock market indexes closed Tuesday’s session flat as a pancake. Such is trading life in the last week of August, typically. The Dow set a new record closing high, a mere 18 points above where it closed yesterday, +0.05%. Both the Nasdaq and S&P 500 finished the day […]
Nvidia Has Become The World’s ‘most Important Stock
Image Source: Pexels Datapoint Dread Today’s market seems to have become totally obsessed with the short-term, focusing on the ‘most important’ datapoints each week. For example, last week it was the minutes of the last Fed meeting followed by laser focus on Fed chairman, Jerome Powell’s Jackson Hole conference speech … both of which we seemed to survive […]
Time To Buy These Highly Ranked Building Products Stocks
Image Source: UnsplashThe construction sector may be of interest to investors with the Fed likely to implement a rate cut of 25 basis points in September.Of course, lower interest/mortgage rates benefit homebuilders among other building product companies as demand is likely to rise for their services.Keeping this in mind, here are three highly-ranked building products stocks […]
The Post-2020 History Of The 10-2 Yield Curve
Image Source: PexelsWe know the story. A disgusting virus spread across the world, terrorizing society into social and economic lockdown, causing crude oil to go to zero and many markets to begin a crash. The Fed sprang into action with Zero Interest Rate Policy (ZIRP), QE, MMT, and whatever other TMM (total market manipulation) it could […]
