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GBP/USD Forex Signal: Quick bounce before UK inflation data
20.12.2023
The GBP/USD pair is headed for a bullish bounce, with the value dancing around 1.27. One reason why there are sentiments about the pair being bullish is the upcoming inflation data by the UK department. The rate was seen at 3.9% in November. A better control would set the tone for the pair...
Marathon Digital Holdings acquires two Bitcoin mines for $179M
20.12.2023
Marathon Digital Holdings recently signed a definitive purchase agreement with Generate Capital’s subsidiaries. The agreement will allow Marathon Digital Holdings to acquire two operating Bitcoin mining sites. Based on the terms, Marathon will pay 178.6 million dollars for sites totaling...
Coinbase Expands in Singapore: Launches USD Transfers via SWIFT – Crypto Adoption on the Rise?
19.12.2023
Source: Adobe / VideoFlow The major US-based crypto exchange Coinbase has announced the availability of USD transfers for its retail customers in Singapore, according to an announcement. Now, users in Singapore can seamlessly transfer US dollars (USD) to and from their Coinbase accounts using...
Coinbase to support USD-based transfers for Singaporean users
19.12.2023
Coinbase recently announced adding support for USD transfers in Singapore. Retail customers in the region can now transfer United States Dollars to and from Coinbase accounts using SWIFT. It will allow them to easily access USDC and the broader cryptocurrency market. As one of the top crypto...
RBA’s December meeting: What it might do to help the AUD go up against the USD?
18.12.2023
The Reserve Bank of Australia will release its meeting minutes on Tuesday. It holds the potential to impact the AUD/USD pair positively. It was last seen dancing around 0.6700, the highest since July this year, indicating a potential AUD/USD rebound. One crucial factor supporting the pair is...
Is Shiba Inu Going to Zero? SHIB Price Suddenly Drops 11% as New Meme Coin Takes the Limelight
18.12.2023
Shiba Inu is in the midst of struggling performance, after SHIB price fell -11% following rejection from upper trendline resistance, leaving some dejected bag-holders asking ‘is SHIB going to zero?’. With downside movements gaining a grip on price action, vast amounts of SHIB have began...
Will Terra reach $10 before the end of this year?
18.12.2023
Anticipating the precise future value of any cryptocurrency poses challenges due to its inherent uncertainty and volatility. Factors such as market adoption, technological advancements, regulatory decisions, and overall market sentiment may influence Terra (LUNA) to reach $10 by year-end. Examining...
Tap Protocol secures $4.2 million for Bitcoin Ordinals boost
18.12.2023
Trac Systems, a technology company based in Germany and also the parent organization of Tap Protocol, recently completed an unusually successful fundraising effort. The company disclosed that Sora Ventures led a financing round in which it raised $4.2 million. With this massive infusion of capital...
FDUSD Rockets to $1.6B Market Cap, Becoming Fifth Largest Fiat-Pegged Crypto Amid Binance Concentration
17.12.2023
In the fortnight since Dec. 2, 2023, the stablecoin asset first digital usd (FDUSD) experienced a notable expansion, increasing its supply by 690 million coins. As of Dec. 17, 2023, this surge has elevated its market capitalization to a significant $1.61 billion. This period witnessed...
Former Credit Suisse Executive Launches Crypto Trading Platform for Financial Institutions
14.12.2023
Source: Pixabay A new Zurich-based startup Rulematch is creating a customized crypto trading experience for banks and securities firms. The trading venue is launched by a former Credit Suisse executive David Riegelnig. Rulematch has commenced Bitcoin (BTC) and Ether (ETH) spot trading against...
GBP/USD forex signal: Bullish flag points to a breakout
14.12.2023
The Bank of England and the Federal Reserve have a lot riding on them if GBP/USD has to attain bullish momentum. At the core lies the decision to keep rates either unchanged or bring them down. Anticipation is that the US CPI, Consumer Price Index, and unemployment data by the UK Government will...
Kamino and SolBlaze launch $bSOL Liquidity Farming program
14.12.2023
Kamino and SolBlaze entered into a partnership to launch a $bSOL Liquidity Farming program. The agreement will result in Kamino depositors receiving 2.5 million $BLZE in a single week. The announcement was made on the official Kamino X/Twitter account. The tweet read that Kamino depositors will...
Brazilian Unicorn Nubank to Launch Crypto Withdrawals
13.12.2023
Source: sidneydealmeida/Adobe The Brazilian neobanking unicorn Nubank will begin allowing its customers to make crypto withdrawals from its platform – following a deal that will let them trade USD Coin (USDC). Per Brazil’s Livecoins, the bank has apparently “responded to calls from the Brazilian...
Will BTC hit $1 million in 2024? Bitcoin future breakdown
12.12.2023
Bitcoin is back from slumber, and it now means business. That is, there has to be a rise in the valuation of its token, no matter how high it goes. BTC is trading at $41,644.83 at the time of articulating this piece. Speculation around two crucial aspects, namely Spot Bitcoin ETF and Bitcoin...
Battle of the Stable Coins: Tether, USD Coin, and Dai Face Off in a Competitive Market
9.12.2023
In the ever-volatile world of cryptocurrencies, stablecoins have emerged as a haven for investors looking to hedge against market unpredictability. Three of the most notable stablecoins, Tether (USDT), USD Coin (USDC), and Dai (DAI), are now in a fierce competition to dominate this growing market....
Animoca Brands raises $11.88 million for Mocaverse
8.12.2023
Animoca Brands has announced that it has raised an additional $11.88 million in funding. The development comes days after Animoca Brands raised $20 million in September 2023. It aims to build a point system and digital identity for entertainment, culture, and Web3 gaming. Having said that, total...
Can XRP reach the $1? Exploring the potential and challenges
7.12.2023
XRP is currently exchanging hands at $0.6267, an increase of 0.81% in the last 24 hours. There is a slight chance that it may surpass the $1 mark. However, that is bound to happen eventually, with no definite timeline in any form. That does not undermine the way it has performed in the market....
eTukTuk gains momentum with over $310,000 presale success
7.12.2023
eTukTuk is a popular crypto project that recently became a big success by integrating Blockchain technology and AI with the transportation sector to bring environmental changes, especially in developing nations. Leveraging the potential of Blockchain has allowed eTukTuk to revolutionize urban...
Bitcoin Taps $44,000, Surpassing Meta and Berkshire Hathaway in Market Capitalization
5.12.2023
On Tuesday, bitcoin’s price soared past the $44,000 mark, peaking at $44,011 per unit. In the last month, the leading cryptocurrency by market capitalization has seen a surge exceeding 24%, and 17% in just the past two weeks. BTC Breaks Through $44K Barrier, Reaching Peak Levels Since...
Bangladesh’s savings update: Forex reserves fall to $15.82 billion
5.12.2023
Bangladesh foreign exchange reserves 2023 have been declining with net reserves currently at $15.82. Bangladesh forex reserves were at $48 billion in August 2021, recording the highest foreign exchange or simply forex is the act of trading currencies. Forex traders speculate on the price movements...