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AUD/USD Corrects Towards 0.69 Amidst Australia’s Employment Fall
18.8.2022
During an Asian session on Thursday, the AUD/USD currency pair is burdened by yet another dismal employment report in addition to new worries over Taiwan. Despite this, the Australian currency pair is still under pressure at 0.6935, having retreated to a new daily low of 0.6924 before noon that...
BNB Faces Tough Resistance Near the $340 Mark!
17.8.2022
BNB is on the fourth positive swing since touching under the $200 mark for the first time since February 2021. The outlook of this token is a dependent factor on the performance of BNB’s decentralized projects and overall traction on the BNB token. BNB was born out of the need to compete with...
Ethereum (ETH) Fails to Stay Above the $2000 Mark!
17.8.2022
Ethereum has successfully defended its second spot and recently touched the $225 billion market capitalization. The expected merge of its blockchain towards the Proof of Stake validation process will ensure a less rewarding benefit for validators, but it is expected to reduce the transaction...
Indian Rupee Reflects Recovery; USD/INR May Hit 79.50 Soon
17.8.2022
In the early hours of Wednesday, USD/INR recovered from the steady drop to reach the prior support, reaching 79.30 at the time of this writing. By doing so, U. S. dollar gets acknowledgment before releasing the Federal Open Market Committee (FOMC) minutes of the meeting, consolidating the recent...
Solana (SOL) price is poised for a potential 95% crash — Here’s why
16.8.2022
SOL price gained 75% in the past two months, but technical analysis suggests it could be an elaborate bull trap
USDT market cap up by $2 billion following Tornado Cash debacle
16.8.2022
Tether's market capitalization has reversed a three-month downtrend while USDC sees a drop in value after the U.S. imposed sanctions against Tornado Cash
Crypto Economy’s Top Privacy Coins Take a Hit After US Government Banned Tornado Cash
15.8.2022
Following the U.S. government prohibiting the use of the ethereum mixing service Tornado Cash, the crypto economy’s top privacy coins lost more than 8% in USD value the following evening after the ban announcement. The top privacy coins like monero and zcash managed to recover the losses...
Celsius Coin Report Reveals USD 2.8BN Crypto Shortfall
15.8.2022
A newly released report from the troubled crypto lender Celsius (CEL) shows that the company is short on its crypto obligations to customers by around USD 2.8bn.
According to the report, Celsius has a net coin position of negative USD 2.845bn, split between coins such as bitcoin (BTC), ethereum...
Shiba Inu eyes 50% rally as SHIB price enters 'cup-and-handle' breakout mode
14.8.2022
The Shiba Inu breakout appears almost ten days after SHIB's addition to Binance Card
Another Stablecoin Depegs From USD Parity, Polkadot-Based AUSD Loses 98% in Value
14.8.2022
2022 has been the year of broken stablecoins as a myriad of dollar-pegged crypto assets depegged from their dollar value this year. On August 14, the Polkadot-based stablecoin alpaca usd (AUSD) dropped below a U.S. penny in value, only to bounce back to the $0.95 region hours later. Reports...
Ominous Solana technicals hint at SOL price crashing 35% by September
13.8.2022
Solana is tailing broader crypto market trends while battling concerns about repeated network outages and centralization
AMP Hits a Low of $0.008; Time to Sell AMP Holdings?
12.8.2022
The Flexa payments network developed AMP as a method of collateralizing and verifiable assurances that would allow other payments networks such as Flexa to secure transactions before working on them. This process enables more secure smart contracts and allows for consistent growth. AMP has lost...
MakerDAO Founder Suggests ‘Seriously Considering’ Depegging DAI from USD
12.8.2022
MakerDAO (decentralized autonomous organization) founder Rune Christensen has called for the community members to consider depegging Maker (MKR)’s stablecoin DAI from USD, and perhaps (slowly) getting into ethereum (ETH) – which Vitalik Buterin argued would be a “terrible idea.”
Writing in...
3 cryptocurrencies that stand to outperform ETH price thanks to Ethereum's Merge
12.8.2022
It's not just ETH price that stands to benefit from Ethereum's move to proof-of-stake in September
MakerDAO should 'seriously consider' depegging DAI from USD: Founder
12.8.2022
In light of the recent Tornado Cash and frozen USDC addresses debacle, MakerDAO founder Rune Christensen is hoping to move DAI’s collateralization away from USDC
3 signs Ethereum price is on track toward $2.5K by September
11.8.2022
A slew of Ether's technical and fundamental indicators support a push toward $2,500 by September
USD Coin to Overtake Rival Stablecoin Tether in Coming Years - Survey
10.8.2022
Circle-issued, the second most popular stablecoin, USD Coin (USDC), has the potential to overtake the most popular stablecoin, tether (USDT), in coming years, according to a survey of analysts.
Most of the respondents claim that USDC will benefit from its better regulatory status, which could...
TORN price sinks 45% after U.S. Treasury sanctions Tornado Cash — rebound ahead?
10.8.2022
TORN is near a historically strong support range, eyeing a 75% rebound by September 2022
BoE and US Fed Release Their Historical Data, Supporting the GBP/USD Pair
10.8.2022
GBP/USD trading pair caught a lot of attention with the Bank of England and the US Federal Reserve doing their best to support it after a losing but eventful week. Forex brokers keep their eyes on the trading board to make the trade for a green margin. FXCM, a New York-based platform founded...
XRP Seems Bullish for the Short-Term: Will It Cross $0.5?
9.8.2022
Ryan Fugger conceived Ripple to make banking transactions easier, and now it is managed by a US private company, Ripple Labs. XRP is the native cryptocurrency of Ripple, and financial companies like banks and AMCs use it to make faster transactions possible. Each transaction runs and validates...