The founder of Ethereum, Vitalik Buterin, one of the most famous cryptocurrencies with the largest market cap in the market, has sparked controversy by suggesting an increase to the network’s gas limit. With the increase of the limit would also see an improvement in the scalability of the network according to the founder. Ethereum’s creator […]
USD/JPY rises to eight-week high ahead of Bank of Japan meeting
Today, the USD/JPY hit an eight-week high, rising above 148.80 before settling back at around 148.35. This move comes as markets await the Bank of Japan (BoJ) meeting scheduled for early next week with high expectations. The bank is expected to halt its negative interest rate policy, which could curb the recent depreciation of the […]
The European Union expands and updates guidelines to tackle money laundering by crypto companies
Through the European Banking Authority (EBA), the European Union is toughening its stance in its fight against money laundering activities and the fight against terrorism, with European-based companies. This regulation has been implemented as of December 30, 2023. It is intended to give crypto-asset service providers a hand in making assessments to decrease the risks […]
Bitcoin, the cryptocurrency with the largest market capitalization, has hit its lowest levels since ETFs were approved
Last week, the cryptocurrency market was revolutionized when the U.S. Securities and Exchange Commission (SEC) approved about a dozen bitcoin (BTC) ETF investment funds; since then, the price of the cryptocurrency has dropped 10% in value. Something almost no one had in mind, the unexpected 10% drop in Bitcoin’s value post-ETF approval, could also be […]
Technical analysis on EUR/USD today: Bearish momentum hits the pair in expectation of European inflation figures
Selling in the euro currency has increased following hints from the European Central Bank that suggest interest rate cuts may not be guaranteed by 2024. Similarly, political tensions such as those occurring in the Middle East threaten energy markets and will likely be an extra pressure for the European Central Bank to bear, more so […]
Technical Analysis on XAU/USD: Gold remains strong despite the strengthening dollar in the market
Gold continues to be strong and could reach its all-time high in 2024. However, this all depends on the behavior of interest rates and the price of the US dollar. At the end of last year, the Federal Reserve ended interest rate hikes in the United States. This could lead to flexibility in monetary policy, […]
Technical Analysis on USD/EUR: The pair is looking to recover ahead of the release of US inflation figures, so caution is advised
There is a lot of optimism in the market regarding inflation. While experts expect inflation to decrease significantly by 2024, there are doubts about achieving the Fed’s target of 2%. In the coming months, especially in March, if inflation shows signs of weakness and decline, the Fed may cut interest rates. All remains to be […]
United Nations Highlights Illicit Use of Cryptocurrencies in Southeast Asia
The black market industry is increasingly using cryptocurrencies for its operations to achieve its financial objectives quicker and more smoothly. According to a report published by the United Nations Office on Drugs and Crime, cryptocurrencies are now increasingly being used for illicit activities in poorly regulated areas in East and Southeast Asian countries. The report […]
Bank of America Says Currency Market May Become More Volatile This Year
Bank of America analysts suggest that volatility may become a constant feature in the market this year, driven by the high likelihood of Federal Reserve (Fed) interest rate cuts in the coming months. In case volatility is present in the market, analysts warn that it can be an excellent market opportunity, since the price tends […]
Fake SEC Tweet Triggers Bitcoin Price Swing
Thanks to a fake tweet from the U.S. Securities and Exchange Commission (SEC) account related to Bitcoin ETFs managed to trigger an unexpected reaction in market prices From the official account of the SEC on X, a tweet was disseminated reporting the acceptance of Bitcoin exchange-traded funds, which evidently had a direct effect on the […]