Crypto market

Crypto-Market-To-Escape-Narrowest-Trading-Range-by-2024
Crypto Market To Escape Narrowest Trading Range by 2024

The crypto market may break out from its current trading range by 2024. So far, the current market is in its narrowest trading range in history. Some believe that the market has stabilized already. Despite yet another market bloodbath experienced by most cryptocurrencies, an expert believes that crypto assets will be able to break out from their current trading range on — or possibly — before 2024. According to an article by Bloomberg, this is the “narrowest” trading range recorded for the market so far. Also, the leverage ratios for Bitcoin (BTC) and Ethereum (ETH) are “at the highest on

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Saudi-Arabia-Takes-Affirmative-Action-for-Crypto-Adoption
Saudi Arabia Takes Affirmative Action for Crypto Adoption

The Kingdom of Saudi Arabia appointed its first cryptocurrency chief.  Mohsen AlZahrani will lead the nation to its crypto goals. Saudi Arabia will likely be a major competitor to crypto wall street — Dubai. The Kingdom of Saudi Arabia has taken a huge step to making crypto adoption a more serious priority. In detail, Saudi Arabia’s central bank has just appointed a cryptocurrency chief. The nation’s goal is to advance its digital goals.  In particular, Saudi Arabia appointed Mohsen AlZahrani to lead both its virtual assets as well as its central bank digital currency program. It is doing so to

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Too-Much-Power-Behind-Crypto-to-Ban-It-US-lawmaker
Too Much Power Behind Crypto to Ban It: US Lawmaker

Brad Sherman, a congressman, discussed cryptocurrency and their regulation. He does not think crypto is going to be banned anytime soon. Crypto enthusiasts respond that the technology could be of help. In an interview with the Los Angeles Times published on Sunday, Congressman Brad Sherman (D-CA) discussed his opinions on cryptocurrencies and their regulation. The Californian congressman who leads a House subcommittee on investor protection wants to make Bitcoin illegal, but he doesn’t think Congress will act that way. He told the news source, “I don’t think we’re going to (ban crypto) anytime soon.” We didn’t ban it at the

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Thailand Goes Ballistic on Crypto Ads After Zipmex Disaster
Thailand Goes Ballistic on Crypto Ads After Zipmex Disaster

Thailand has enforced stricter guidelines on advertisements by crypto companies that operate in the country. The move aims to protect the interests of its citizens considered retail investors. Some suspect that the country started to take drastic action after local crypto exchange Zipmex halted withdrawals. Thailand has tightened its stance against advertisements related to cryptocurrency trading or investing, given the ongoing volatility in the crypto market. According to a Bloomberg article, the country aims to protect the interests of its citizens interested in investing in crypto. In detail, Thailand now demands cryptocurrency-related companies that operate in the country to indicate

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Crypto Trading Requires Not Only News
Crypto Trading is Not Only Based on News

In traditional markets, the news is the most important when making a trade. In crypto, the news cycle is much faster than in traditional trades. News requires a special kind of skill to nail it and use it in trades. When you’re new to trading cryptocurrencies, it’s easy to get caught up in the FOMO (fear of missing out). You see a coin on CoinMarketCap that’s pumping and you want to get in on the action. But before you start buying, it’s important to remember that trading crypto is more complicated than just following the news. In traditional markets, the

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Crypto Market Sinks Fast, Economists Debate Consequences
Crypto Market Sinks Fast, Economists Debate Consequences

Both Cryptocurrencies and stocks take a massive plunge.  The overall market sentiment seems to be shrouded in fear and doubt.  Economists expect a harsh state of inflation and an inevitable recession. In just 24 hours, the financial market took a heavy hit and assets everywhere are dropping in value. The market sentiment is moving towards a downward spiral as investors scramble to secure their investments.  What’s concerning is that the hit is affecting both traditional and decentralized economies. This is unfortunate news, especially for the crypto industry that needs a greedy sentiment to drive price surges. Presently, the Crypto Greed

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Top-Cryptocurrencies-That-May-Give-You-Massive-Profit-in-This-Coming-Bull-Run
Top Cryptocurrencies That May Give You Massive Profit in This Coming Bull Run

     Cryptocurrency continues to be one of the most famous digital assets in the world today. The technology behind these cryptocurrencies made them so popular among investors globally.  Cryptocurrencies are also less likely to be hit by inflation, making them an alternative currency to fiat. The countries such as Lebanon, Argentina, and Venezuela are known to mass adopt the technology of cryptocurrencies to avoid rising inflation. Did you know? Ethereum started at a price of $0.3 in 2015. If you are one of the people who believed and stacked Ethereum by that time, you are now filthy rich.   So…are you

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The-USA-Leads-Crypto-Adoption-Race-With-46m-Users
The USA Leads Crypto Adoption Race With 46m Users

Cryptocurrency has the potential to be an important part of the future. The USA is leading in the adoption race. Rising acceptance rates in Africa also is being advised. In spite of the fact that cryptocurrency has the calling to be a vital part of the future, many organizations, states and individuals remain hesitant to accept this new type of currency. However, as crypto usage continues to surge, finance cryptocurrency has helped countries catch up with the leading crypto adopters such as the USA and India. Crypto is a competitive marketplace for everybody, and access is not restricted to a

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UK-Inflation-Anticipated-to-Reach-18
UK Inflation Anticipated to Reach 18.6%

The UK’s inflation might rise to 18.6%, which would be a 50-year high. The surge in July was mostly caused by rising food costs The office of the prime minister is proposing household supporting policies. According to the most recent Citigroup prediction, the UK’s inflation might reach a near 50-year high of 18.6% early next year as a result of skyrocketing wholesale gas costs, writes Andrew Michael. Individuals have gone ahead to give out their views suggesting it could be the same reason as to why they haven`t seen any bull run lately. It however now makes sense to them

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BUSD-is-now-the-6th-largest-crypto-by-market-value
BUSD is now the 6th largest crypto by market value

Binance USD(BUSD) is gathering steam as of late. BUSD is now the sixth largest cryptocurrency by market value. It’s feasible that XRP could reclaim its throne once more. Binance USD(BUSD) is recently gaining momentum as it goes further up the top 10 list of largest cryptos by market value. XRP, on the other hand, tumbled down the list after losing more than 8% of its value in just a span of 24 hours. BUSD is 100%, reserves-backed by both fiat cash in dedicated, insured omnibus accounts at U.S. banks1 and/or repurchase agreements and money-market funds invested in U.S Treasury bills.

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UK-inflation-hits-a-new-40-year-high-of-10
UK inflation hits a new 40-year high of 10.1%

In July, the UK’s inflation rate increased sharply to 10.1%. Consumer price inflation has been driven by higher food prices. British central bank predicted the future of the rates. UK inflation accelerated more than expected last month to the highest in 40 years, intensifying a squeeze on consumers and adding to pressure for action from the government and Bank of England. The Consumer Prices Index rose 10.1% in July from a year earlier after a 9.4% gain the month before, the Office for National Statistics said Wednesday. The reading was higher than expected by both the BOE and private-sector economists. 

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Binance CEO CZ Highlights: ‘Crypto Is Dead’ Says Liars
Binance CEO CZ Highlights: ‘Crypto Is Dead’ Says Liars 

Blockdata analytics confirms that many traditional finance companies are already in crypto. Binance CEO Changpeng Zhao (CZ) highlights this data saying many are silent adopters.  Another user on Twitter uses the same data to imply that only liars say ‘cryptio is dead’. An interesting observation caught the eyes of many within the crypto community. According to Blockdata analytics, it seems that most traditional services have already begun investing in crypto companies. This shows clear signs of supporting crypto adoption as these companies offer crypto products and services.  Binance CEO — Changpeng Zhao (CZ), tweets the analytics and highlights how many

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