Category Archive: Cryptocurrency, No picture
LayerZero CEO confirms 100,000 wallets self-report Sybil activity
Bryan Pellegrino, CEO of LayerZero Labs, announced that up to 100,000 wallets self-reported their Sybil behavior. According to Pellegrino, this data collection will be considerably valuable in identifying participants using similar methods and software for fraudulent activities in the future. “My intuition is that a confirmed data set of 100,000+ is going to be extremely […]
Dutch court finds Tornado Cash dev Alexey Pertsev guilty of laundering $1.2B
A Dutch court at ‘s-Hertogenbosch has convicted Alexey Pertsev, a 31-year-old Russian national and developer of the crypto mixing platform Tornado Cash, of laundering $1.2 billion in illicit assets.The three-judge panel is expected to sentence Pertsev on Tuesday, and his lawyers will have 14 days to appeal the decision.The verdict is set to have a […]
USD/JPY Advances To 156.50 Ahead Of US Inflation And Japan’s Q1 GDP
Image Source: Unsplash USD/JPY rises to 156.50 with eyes on crucial US inflation readings. Investors expect that the Fed will start lowering interest rates from September. Japan’s Q1 GDP will indicate the economic strength. The USD/JPY pair extends its upside to 156.50 in Tuesday’s European session. The asset strengthens as investors turn cautious ahead of the release […]
Elliott Wave Technical Analysis: Corn – Tuesday, May 14
Photo by Wouter Supardi Salari on Unsplash Corn Elliott Wave AnalysisFunction – Trend Mode – Counter-TrendStructure – Expecting Impulse Wave Position – Wave 3Direction – Wave 3 is still in playDetails -Wave 3 has completed its 4th sub-wave which should be contained above 444’6 before the current big surge to complete wave 3 of (3). The bullish impulse sequence from 394’6 should extend higher provided there […]
Coinbase claims full recovery after system-wide outage
US crypto exchange Coinbase has been grappling with a “system-wide outage” since 12:15 am ET earlier today, rendering its services inaccessible to users attempting to access the platform via desktop or mobile.The exchange has been regularly updating its official status page and social media channels, assuring users that their funds remain secure. In its latest […]
Two Trades To Watch: GBP/USD, DAX Forecast – Tuesday, May 14
Image Source: Unsplash GBP/USD unmoved as traders shrug off wage data UK unemployment rises to 4.3% from 4.2% UK wage growth remains sticky at 5.7% GBP/USD tests 200 SMA resistance at 1.2540 The pound is unchanged after UK jobs data tentatively supports a rate cut from the BoE in the coming months.Unemployment rose to 4.3%, its […]
USD/CHF Extends Gains To Near 0.9100 Ahead Of US PPI
USD/CHF continues to gain ground for the third successive session, trading around 0.9090 during the Asian hours on Tuesday. The US Dollar edges higher against the Swiss Franc (CHF) due to cautious statements from Federal Reserve (Fed) officials, emphasizing the importance of maintaining higher rates for longer given the elevated inflation. Fed Vice Chair Philip Jefferson […]
Getting Ready For First Round Of US Inflation Data
Image Source: Pexels Things have been relatively steady and calm at this stage early in the week, though we expect activity will pick up later today when we get the first round of anticipated US inflation data in the form of producer prices.Video Length: 00:00:51More By This Author:Market Looking Ahead To US Inflation Data Tariff Talk […]
Too Early For The Bubble In Gold
Image Source: Unsplash A review and analysis of the gold market.Video Length: 00:18:57More By This Author:I Made Millions Selling Too Soon Major Market Crash?Broken Dollar And The Next Phase Of Inflation
Will The United States Become The Next Argentina?
Image Source: Pexels Let’s give credit where credit is due.Facing a record-high budget deficit and an entrenched inflation problem, the government is finally embracing fiscal responsibility in a significant way.Thanks to sweeping spending cuts enacted this year, the government has posted three consecutive monthly budget surpluses – leading to a reduction in money supply growth and […]
