Category Archive: Cryptocurrency, No picture
SEC asks updated spot Ethereum ETF filings from US exchanges: Report
The Securities and Exchange Commission (SEC) reportedly asked exchanges that would list spot Ethereum (ETH) exchange-traded funds (ETF) in the US to update their filings, said Joseph Edwards, head of research at Enigma Securities, to Reuters. “Opposing the ETH ETF after the BTC one was approved always seemed like an odd case for the SEC […]
Traditional Markets Take Back Seat To Crypto
Image Source: Unsplash It’s been dreadfully quiet in financial markets this week unless you’re looking over in the world of crypto where the regulatory climate in the US seems to be warming up. Currencies have otherwise been tracking mostly sideways, while US equity futures are happy to consolidate off recently established record highs.Video Length: 00:01:02More By […]
Elliott Wave Technical Analysis: Deere & Co.
Image Source: Unsplash DE Elliott Wave Analysis Trading Lounge Daily Chart,Deere & Co., (DE) Daily ChartDE Elliott Wave Technical AnalysisFUNCTION: TrendMODE: ImpulsiveSTRUCTURE: MotivePOSITION: Minor 2 of (1).DIRECTION: Bottoming in wave 2. DETAILS: Looking for a three wave move in wave 2 to be soon completed, to then continue higher.DE Elliott Wave Analysis Trading Lounge 4Hr Chart,Deere & Co., […]
Taurus expands to Vancouver amid North American digital asset boom
Digital asset services provider Taurus has announced the opening of its first North American office based in Vancouver, Canada. According to the announcement, this strategic move is part of Taurus’ ongoing international growth and efforts to cement its status as a key technology provider in the digital asset realm, now with a presence across three […]
What The Subtle Signs Say About The S&P 500
Image Source: Unsplash Watch the free-preview video below extracted from the WLGC session before the market open on 20 May 2024 to find out the following: How to interpret the S&P 500’s behavior when testing previous all-time highs. How to anticipate market movements based on supply-demand dynamics. How a trading range could unfold for the S&P 500. And […]
Fidelity ‘will not participate’ in proof-of-stake, amends staking language in Ethereum ETF filing
Fidelity has filed an amended S-1 registration statement with the SEC for its prospective Ethereum (ETH) exchange-traded fund (ETF) ahead of upcoming deadlines for such funds.Notably, the amended statement removed all language about the fund’s participation in proof-of-stake validation for the Ethereum network, including staking rewards, which were mentioned in the previous prospectus. “The Trust […]
Consolidative Tuesday – Tuesday, May 21
Image Source: Unsplash Overview: The dollar is consolidating but with a somewhat heavier bias today. The G10 currencies are firmer but for the New Zealand and Canadian dollars, which are slightly softer. Most emerging market currencies are also firmer, except for a handful of Asian currencies. The news steam is light. Equities are trading off. The MSCI Asia […]
U.S. Stock Futures Steady As Nasdaq Hits Record; Investors Eye Fed Moves
Image Source: Pexels U.S. stock futures held steady on Tuesday following a record-setting performance by the Nasdaq Composite, which closed at an all-time high in the previous session, driven by strong tech sector gains. Despite the Nasdaq’s success, the broader market showed mixed reactions, with the S&P 500 marginally higher and the Dow Jones experiencing a […]
Hex Trust launches first native stablecoin USDX on Flare blockchain
Hong Kong-based crypto custodian Hex Trust Group has issued USDX, the first native stablecoin on Flare Network, an EVM-based layer 1 blockchain. The stablecoin will be available for use across lending protocols and exchanges.USDX’s launch comes with a unique staking mechanism, enabled through a dedicated T-Pool created by Clearpool, a decentralized credit marketplace. Users staking […]
Microsoft Has Joined 4 Other AI PC Manufactures With Two Copilot+ PC Models
Image Source: Unsplash IntroductionI wrote previously that, according to an analysis by research firm Gartner, the AI Personal Computer (PC) market is set to explode in 2024 from 10% of shipments in 2023 to 22% and, according to the research firm, Canalys, the AI PCs sector is set to rise at a compound annual growth rate of 64% between now and 2027 making up […]
