One of the sectors that stands out is Banking, which is expected to perform well from the beginning of 2024.
Category Archives: Finance
Shiba Inu Rings Greed Alarm as Bitcoin Eyes Record High
Advertisements Open interest in SHIB futures has crossed above $100 million, hinting at speculative froth. Speculative excess is building in the crypto market, suggesting caution to bitcoin (BTC) bulls as the leading cryptocurrency by market value looks to challenge record highs. The notional open interest or the dollar value locked in the active perpetual futuresContinue reading “Shiba Inu Rings Greed Alarm as Bitcoin Eyes Record High”
U.S. Judge Enters Default Ruling Against Ex-Coinbase Insider, Says Secondary Market Sales are Securities Transactions
Advertisements In May 2023, the SEC settled charges with Ishan Wahi and Nikhil Wahi in what it has called the “first-ever insider trading case involving cryptocurrency markets.” In an insider trading case involving Coinbase’s former product manager Ishan Wahi, his brother Nikhil Wahi, and their friend Sameer Ramani, a U.S. court ruled on March 1,Continue reading “U.S. Judge Enters Default Ruling Against Ex-Coinbase Insider, Says Secondary Market Sales are Securities Transactions”
Bitcoin Bulls Just Joining the Rally Are Very Late to the Party, Analyst Says
Advertisements Never before has the RSI been this overbought alongside an above-$60,000 bitcoin price, analysts at The Market Ear explained. Bitcoin (BTC), the leading cryptocurrency by market value, has gained over 40% in four weeks and is trading just 12% short of its record high near $69,000. Such an uber-bullish market condition often has short-termContinue reading “Bitcoin Bulls Just Joining the Rally Are Very Late to the Party, Analyst Says”
Dogecoin Bullish Bets Reach Record $1B
Advertisements The tokens were up over 40% in the past 24 hours, continuing a rally as a beta bet on the blockchains they are based upon. Traders are continuing to use prominent meme tokens as ecosystem bets on their respective blockchains, boosting dogecoin (DOGE) futures to set a record level. DOGE tokens were up asContinue reading “Dogecoin Bullish Bets Reach Record $1B”
SEC Objects to Terraform’s $166M Retainer of Law Firm Dentons: Reuters
Advertisements Additionally, the SEC has said that Terraform should not be allowed to hire law firm Dentons or pay litigation costs for employees, the report said. The U.S. Securities and Exchange Commission (SEC) has raised objections to a $166 million retainer payment to lawyers of Terraform, according to Reuters. Additionally, the SEC has said thatContinue reading “SEC Objects to Terraform’s $166M Retainer of Law Firm Dentons: Reuters”
Crypto Traders Hedge Bitcoin Rally After 40% Rise in 4 Weeks, Options Data Show
Advertisements Some traders have started buying puts to protect against a potential correction, according to Greeks.Live. Bitcoin’s (BTC) recent near-vertical rise has some traders seeking protection against a potential leverage washout and price pullback. The leading cryptocurrency by market value topped $59,000 on Wednesday, marking a 40% rise in four weeks and outpacing a 31%Continue reading “Crypto Traders Hedge Bitcoin Rally After 40% Rise in 4 Weeks, Options Data Show”
Bitcoin Surges Above $59K as Bull Rally Continues
Advertisements The “fear and greed” index reading is now at 87, a sign of “extreme greed.” Bitcoin (BTC) surged above the $59,000 level in European morning hours on Wednesday, adding 5% in the past 24 hours and reaching a $1.2 trillion market capitalization. The price spike came as spot bitcoin exchange-traded funds (ETFs) recorded overContinue reading “Bitcoin Surges Above $59K as Bull Rally Continues”
OKX Expands to Turkey as Part of Global Expansion Plan
Advertisements OKX President Hong Fang says there is a high demand for crypto in the country. Last year, the crypto exchange announced its plan to expand into the country. OKX.TR will offer its Turkish customers USDT/TRY, BTC/TRY, and ETH/TRY. Crypto exchange OKX has opened up OKX.TR is a localized version of the platform in Turkey,Continue reading “OKX Expands to Turkey as Part of Global Expansion Plan”
Chart Expert Peter Brandt Raises Bitcoin’s 2025 Target to $200K on Channel Breakout
Advertisements Brandt expects bitcoin’s ongoing bull market to peak at $200,000, a significant upward revision from the previous estimate of $120,000. Veteran analyst and CEO of Factor LLC, Peter Brandt, foresees bitcoin rallying as high as $200,000 by September 2025. Other studies, including those based on previous halving cycles and technical analysis indicators like theContinue reading “Chart Expert Peter Brandt Raises Bitcoin’s 2025 Target to $200K on Channel Breakout”
5 Must-Have Features in a Forex Trading Platform
Advertisements Selecting the right forex trading platform is critical for success with currency trading. The platform connects you to the global foreign exchange market and provides the tools and features to analyze the market, execute trades, and manage risk. Accordingly, you should carefully evaluate platforms to find one that best suits your trading requirements. WhenContinue reading “5 Must-Have Features in a Forex Trading Platform”
Frax Finance Mulls Uniswap-Like Reward Mechanism for Token Stakers
Advertisements “We are going to follow Uniswap’s lead in proposing it. It will be up to the community to pass it,” CEO Sam Kazemian said. Frax Finance’s core team is considering a proposal to share protocol revenue with stakers of its veFXS token. It will be up to the community to approve the proposal, Frax’sContinue reading “Frax Finance Mulls Uniswap-Like Reward Mechanism for Token Stakers”
Ether, Mantle Lead Crypto Majors as Bitcoin Traders See Prices Correcting to $48K
Advertisements “Without a bounce from here, we could see a deeper correction begin, potentially as low as $47,000-$49,000,” one trader said. Bitcoin (BTC) prices were little changed in line with a trend of low weekend volatility, with ether and some ecosystem tokens driving gains instead on the back of the relatively new ether (ETH) ETFContinue reading “Ether, Mantle Lead Crypto Majors as Bitcoin Traders See Prices Correcting to $48K”
Texas Blockchain Council, Riot Platforms Sue Dept. of Energy, OMB Over ‘Emergency’ Survey
Advertisements If the court does not intervene, the companies will be “immediately and irreparably harmed,” the filing said. The Texas Blockchain Council (TBC) and Riot Platforms sued the U.S. Department of Energy for demanding information without giving respondents sufficient notice. If the court does not intervene, the companies will be “immediately and irreparably harmed,” theContinue reading “Texas Blockchain Council, Riot Platforms Sue Dept. of Energy, OMB Over ‘Emergency’ Survey”
Ether ETFs Unlikely to Cause a ‘Bubble,’ Traders Say
Advertisements Interest in ether bets rose significantly after the approval of spot bitcoin ETFs in January sparked optimism among ETH traders. Ether spot-exchange traded funds (ETFs) may increase institutional investment in Ethereum’s token but are unlikely to create major price surges, according to some market observers. While interest in ether bets has risen significantly, anContinue reading “Ether ETFs Unlikely to Cause a ‘Bubble,’ Traders Say”