The Metaverse is a digital alternative to the physical world. Not a game, not a fixed destination, but a digital reality.
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Bitcoin USD daily basis Bitcoin USD Chart Analysis – New All-Time High in the 69’000 USD Area During the week under review, Bitcoin was once again able to mark a new all-time high. After an 18-day consolidation since the last all-time high at 67,000 USD, a price increase occurred on Monday, which resulted in a new all-time high at 67,500 USD. The breakout above the resistance zone 63,200, which had acted as a price cap several times before and most recently on Sunday, was probably decisive. After the rich daily gain of 6.61% on Monday, a short consolidation followed on…
What has been happening around Blockchain Technology and Cryptocurrencies this week? The most relevant local and international developments as well as appealing background reports in a pointed and compact weekly review.
The non-traditional monetary policy measure Quantitative Easing (QE) can theoretically pull the economy out of recession.
Quantitative easing (QE) is a form of nontraditional monetary policy in which a central bank buys a large number of securities to stimulate the economy. If it worked well, the increase in the money supply would encourage lending, lower interest rates, and lead to economic growth. Quantitative easing (QE) is a monetary policy measure in which a central bank buys predetermined amounts of government bonds or other financial assets (i.e., municipal bonds, corporate bonds, stocks, etc.) to inject money into the economy to expand economic activity. It is considered an unconventional form of monetary policy, which is generally used only…
U.S. investment bank Jefferies has doubled its Bitcoin allocation at the expense of gold to hedge against persistent inflation.
A conversation with Clam Island CEO Sandy Zhang on the Binance Smart Chain (BSC), NFT gaming and Decentralized Finance (DeFi).
A summarizing review of what has been happening at the crypto markets of the past week. A look at trending sectors, liquidity, volatility, spreads and more. The weekly report in cooperation with market data provider Kaiko.
Bitcoin USD daily basis Bitcoin USD Chart Analysis – Consolidation Above the 60,000 Area Bitcoin used the reporting week for a continued consolidation after the rapid upward movement of the previous weeks. Since the correction from the new all-time high at around 67,000 USD, a bottoming pattern has been forming in the range between 60,000 and 63,500 USD. In the reporting week, this pattern was continued. On Monday, the market showed its indecision in the area of 61,000 USD with a “Long Legged Doji”. On Tuesday, a valid upward movement occurred, which allowed the Bitcoin price to close the day…
What has been happening around Blockchain Technology and Cryptocurrencies this week? The most relevant local and international developments as well as appealing background reports in a pointed and compact weekly review.
New laws regulating stablecoins are intended to effectively integrate them into the current regulatory environment of banks.
Daily bitcoin payments became impossible due to high transaction costs. The Lightning network offers a two-layer solution.
A summarizing review of what has been happening at the crypto markets of the past week. A look at trending sectors, liquidity, volatility, spreads and more. The weekly report in cooperation with market data provider Kaiko.
CME Group, the world’s leading and most diverse derivatives marketplace, will expand its crypto derivatives offering on December 6 with the launch of Micro Ether futures. At one-tenth, the size of an Ether, Micro Ether futures will offer an efficient and cost-effective option to a range of market participants, from institutions to sophisticated, active retail traders. They can use it to hedge their Ether spot price risk or execute Ether trading strategies more quickly without sacrificing the features and benefits of CME Group’s larger Ether futures. Ethereum Price Rise and Demand Since the launch of Ether futures in February, a…
Decentralized finance (DeFi) is the most significant trend in cryptocurrencies in years, possibly more important than other market sectors due to its disruptive potential and power. New yield accounts on PrimeXBT now offer easy DeFi access. DeFi has the ability to make traditional banking services obsolete, by providing permissionless access to credit-check-free lending and borrowing or generating a return on idle capital through an APY. Covesting yield accounts on PrimeXBT These days, a traditional savings account offers as little as 0.04%, yet rates in DeFi reach as high as 10%, depending on market conditions, volatility, volume, and more. The only…
Bitcoin USD daily basis Bitcoin USD Chart Analysis – All-Time High Cracked Bitcoin used the reporting week for a preliminary consolidation after the rapid upward movement of the previous weeks. Since correcting from the new all-time high at around 67,000 USD, a short-term bottom seemed to form in the 61,000 USD area at the close of the previous week. On Monday, the market tried to break away from the area and incipient buying brought the price to 63,137 USD at the close of the day. However, on Tuesday, the previous day’s trend could not hold and a correction sent the…