Category Archive: Cryptocurrency, No picture
HackaTRON Season 6 Submission Period Concludes with Notable Achievements
Geneva, Switzerland, May 16, 2024 – TRON DAO proudly announces the completion of HackaTRON Season 6, a monumental season with a record 962 participants, co-hosted with HTX DAO, BitTorrent Chain, and JustLend DAO. This event not only showcased innovative blockchain projects but also highlighted the profound capabilities of the TRON network.Diverse Sponsorship and Expert Judgement […]
Elliott Wave Technical Analysis: Nvidia Corp. – Thursday, May 16
Image Source: Unsplash NVDA Elliott Wave Analysis Trading Lounge Daily Chart,Nvidia Corp., (NVDA) Daily ChartNVDA Elliott Wave Technical AnalysisFUNCTION: TrendMODE: ImpulsiveSTRUCTURE: MotivePOSITION: Minute {v}.DIRECTION: Upside in wave (iii).DETAILS: Equality of {v} vs. {i} stands at 972$, looking for resistance on top of TL1 at 1000$.NVDA Elliott Wave Analysis Trading Lounge 4Hr Chart,Nvidia Corp., (NVDA) 4Hr ChartNVDA Elliott […]
Walmart Earnings, Housing Starts, And Post CPI Fed Heads
Photo by Marques Thomas on Unsplash Slightly cooler April inflation data buoyed markets yesterday, pushing all major equity indexes to post gains north of 1% except for the Dow (0.88%), which was held back by declines in names like Traveler’s Companies (TRV), Walt Disney (DIS), and familiar laggard Boeing (BA). As Technology sat atop the sector leaderboard, the Nasdaq Composite […]
Binance develops algorithm to combat address poisoning scams
Blockchain security researchers from Binance have developed an algorithm that could detect poisoned crypto addresses on both the BNB Smart Chain and Ethereum networks.Address poisoning is a type of scamming method in the crypto space where threat actors send small amounts of crypto from and address that resembles a victim’s address. The purpose of such […]
Aussie Market Commentary – Thursday, May 16
Image Source: Unsplash Aussie Stalls into Key Resistance LevelThe Australian Dollar is cooling a little over early European trading on Thursday following a fresh push higher yesterday. Softer US inflation and weak US retail sales data helped drive USD lower on Wednesday, allowing the Aussie room to push higher. However, weaker-than-forecast Aussie labour market data overnight […]
Elliott Wave Technical Forecast: Unlocking ASX Trading Success: ASX Limited – Thursday, May 16
Image Source: Unsplash ASX: ASX Limited – ASX Elliott Elliott Wave Technical Analysis TradingLounge (1D Chart)Greetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with ASX Limited – ASX. We have determined that wave 2-red has ended, and wave 3-red can be opened to push higher.ASX: ASX Limited – ASX Elliott Wave Technical Analysis ASX: ASX Limited […]
CME prepares to launch spot Bitcoin trading — FT
The Chicago Mercantile Exchange (CME), the world’s largest futures Bitcoin (BTC) trading platform, is preparing to introduce spot BTC trading in response to the increasing demand from Wall Street investors. According to an initial report from the Financial Times, CME has been in discussions with crypto traders to establish a regulated marketplace for spot BTC […]
Deere & Co. Q2 Earnings Top Forecasts, But Shares Dip On Lowered Outlook
Image Source: Pexels Deere & Co. (NYSE: DE), a leading agricultural equipment manufacturer, reported strong second-quarter earnings on Thursday, May 16, 2024.The company’s earnings per share (EPS) and revenue surpassed analyst expectations. However, it lowered its full-year net income forecast due to declining crop prices and reduced demand for its products. Deere & Co. Tops EPS and Revenue […]
The Australian Labor Market Is Starting To Cool Down
Image Source: Pexels At Wednesday’s close, the Dow Jones (US30) Index increased by 0.88%, while the S&P 500 (US500) Index was up 1.17%. The Nasdaq Technology Index (US100) closed positive 1.41%. All three indices hit all-time highs yesterday. Stocks rose on lower bond yields after US consumer prices declined as expected. In addition, reports on the US retail sales, the Empire Manufacturing Index, […]
The Commodities Feed: IEA Sees Weaker Demand
Oil prices have edged higher despite the IEA revising lower its global demand growth forecasts. Instead, US macro data has provided support to the oil market. Energy – growing divergence between OPEC & IEA demand numbersOil prices edged higher yesterday. ICE Brent managed to settle 0.45% higher on the day and this strength has continued in […]
