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Coinbase Mispricing Allows Users in Georgia to Cash Out for 100 Times Rate
2.9.2022
Coinbase users in the Eastern European country of Georgia were able to withdraw their holdings for 100 times the exchange rate, pocketing thousands of dollars in profit
Bitcoin, Ether Consolidate as Traders Eye U.S. Jobs Report to Gauge Next Fed Rate Hike
2.9.2022
Instead of looking to the broader rate path, or the terminal rate, markets are back to trading the September 2021 FOMC odds - whether they will hike 50 or 75 basis points, one trading firm said
Gold and Silver Markets Shudder, Analysts Say Firm Dollar and Rate Hikes May Drag Precious Metal Markets Lower
1.9.2022
Precious metal markets have shuddered during the last few weeks, as gold’s price per ounce nears a six-week low hovering just under $1,700 per unit. Silver crashed through the $18 range slipping to $17.80 per ounce. While both gold and silver dipped between 0.85% to 0.89% against the U.S....
Bitcoin holds $20K, but analysts say BTC open interest leaves room for ‘more deleveraging’
31.8.2022
BTC trades in the lower-end of its 76-day range, but analysts say future Fed actions and record-high open interest increase the possibility of future “deleveraging events.”
Eurozone Inflation Taps Highest Rate Ever Recorded Reaching 9.1%, as Nord Stream, Gazprom Halt Gas Supplies
31.8.2022
The Eurozone’s inflation rate reached a record high in August of 9.1%, the highest ever recorded in history, according to Europe’s statistics office Eurostat. The rate was higher than economists suspected and most of the rise was fueled by Europe’s rising energy prices....
Rate Hike Expectations Boost the Euro and the Dollar
31.8.2022
On 31st August, the greenback was bigger and more powerful than expected U.S. economic reports and aggressive Federal Reserve remarks indicated increased interest rates, but rate-hike expectations in Europe also showed the currency union hanging on above par. Markets are valuing a better-than-even...
Bitcoin mining has never been more competitive even as BTC loses 13% in August
31.8.2022
Bitcoin difficulty completes its largest single upward readjustment since January, with average hash rate eyeing new all-time highs of its own
Bitcoin mining difficulty set for 8-month record gains despite BTC price dip
28.8.2022
Bitcoin network fundamentals seem not to care about spot price weakness, with both difficulty and hash rate making an impressive recovery
Bitcoin, Ethereum Technical Analysis: BTC Nears $20,000, as ETH Hits 1-Month Low
27.8.2022
Bitcoin was trading close to $20,000 to start the weekend, as traders reacted to comments from U.S. Fed Chair Jerome Powell during Friday’s Jackson Hole summit. Powell warned that “there will be some pain ahead,” as the Fed attempts to bring the rate of inflation down. Ethereum...
China’s Yuan Continues to Depreciate Against Greenback, Real Estate Crisis Exposed 2 Decades of Accumulated Risk
26.8.2022
China’s sovereign currency, the yuan, has slid significantly in value during the last few months as it has shed 8% against the U.S. dollar during the first half of 2022. China’s fiat currency is currently the weakest it has been against the U.S. dollar in roughly two years. Amid...
South African Cryptocurrency Ownership Rate at 10% — Report
26.8.2022
With a cryptocurrency ownership rate of 10%, or four million people, South Africa “ranks 18th out of 26 countries for crypto adoption,” the latest Finder’s report has said. The report also noted that South Africa’s proportion of crypto owners holding bitcoin, 52%, is...
Venezuelan Bolivar Plunges as Central Bank Stops Intervening and Public Spending Rises
26.8.2022
The exchange rate of the Venezuelan bolivar, the national fiat currency of the country, has plunged 35.51% against the U.S. dollar this week as a result of various factors, reaching 8.70 bolivars per U.S. dollar. According to economists, this will cause an increase in prices in the near future...
Markets Should Prepare for Persistent Inflation and Continued Rate Hikes
25.8.2022
U.S. Federal Reserve speakers were out in force one day ahead of Chairman Powell’s keynote address at the Jackson Hole conference
Wen moon? Probably not soon: Why Bitcoin traders should make friends with the trend
25.8.2022
Recurring bear flags and the Fed’s telegraphed monetary policy are painting a roadmap for BTC’s future price action
Moody’s States Inflation Is Affecting Economic Recovery in Part of Latam
25.8.2022
Moody’s, the asset quality rating agency, has warned the high rate of inflation that some countries are facing in Latam will affect the economic recovery in the region. Brazil, Chile, and Mexico are said to be the countries more affected by this phenomenon, and their recovery will depend...
First Mover Asia: Bitcoin Trades Sideways, Investors Await Any Fed Interest Rate Signals; IMF Sees Growing Link Between Crypto and Asian Stocks
24.8.2022
Bitcoin and Ether were roughly flat over the past 24 hours
A bullish Bitcoin trend reversal is a far-fetched idea, but this metric is screaming 'buy'
23.8.2022
Non crypto-related factors continue to weigh on BTC price, but a key on-chain metric that called previous market bottoms suggests Bitcoin is severely undervalued
Warren Buffett pivots to U.S. Treasuries — a bad omen for Bitcoin's price?
23.8.2022
Berkshire Hathaway now allocates 60% of its cash portfolio to T-bills, leaving individual investors with the potential to mirror a similar strategy
The USD/JPY Rate Targets a Yearly High
23.8.2022
The exchange rate looks at the current pace to challenge the yearly peak (139.39) after surpassing the starting range for August as USD/JPY rises for five straight days while continuing the week’s string of greater highs and lows. As it moves to a new monthly peak (137.65), USD/JPY mostly...
Latest Ghana Benchmark Rate Hike the Largest on Record — President Promises Action Against ‘Unacceptable Depreciation of the Cedi’
23.8.2022
After seeing Ghana’s inflation rate surge to 31.7% in July, the Bank of Ghana responded by hiking the benchmark interest rate by 300 basis points. In addition to the rate hike, the central bank said it will gradually raise banks’ primary reserve requirements. One expert has said...