The Securities and Exchange Commission (SEC) and Ripple Labs are at odds once again over Ripple's argument that the SEC failed to offer "fair notice" that XRP transactions were illegal or that the SEC would subsequently declare XRP a security. As reported by blockchain tracker Whale Alert, over the past 16 hours, Ripple, the largest exchange in China (Huobi) and...
Ethereum's youthful inventor puts forth a vision for the blockchain's non-financial uses at EthCC in Paris, including ridding social media of bots and fake news. Ethereum’s Buterin said, “has always been about taking these ideas of decentralization and trust minimization, experimenting with building and implementing, using many different kinds of mechanisms to...
This week’s big event was the B word convention that had as main headliner a talk between Elon Musk –Tesla, SpaceX CEO, Jack Dorsey – Twitter, Square CEO and Cathie Wood – Ark Invest CEO. The trio talked about the present and future of Bitcoin and in general about the crypto space. Musk continued to show his support for the top digital currency. The Tesla CEO...
There are many reasons why an investor or trader trades options. The main reasons, as with other derivatives markets, is to hedge another position or to speculate on the performance of the underlying security. 1) Hedging: A hedge is like an insurance policy in that it can help mitigate risk for a small fee. For example, a portfolio manager buys a large position...
Last week, we were expecting the price to break the top once more before falling into a corrective pattern. Instead, the price dropped without breaking the top. For next week, we expect the barrel price to correct until it hits the orange trendline and make one more drop. Trade with care. Best regards, Financial Flagship Disclaimer: The analysis...
In our last forecast, we correctly anticipated that Natgas will correct the entire trading week. In the coming week, we foresee the price to range again and fall towards the blue trendline. We would advise caution while trading, as the price is trapped in a messy correction. Trade with care. Best regards, Financial Flagship Disclaimer: The analysis...
In our previous analysis, we rightly forecasted that the price will start a bearish move from the resistance area. In the coming week, we foresee the price to make a small pullback and drop towards the support level, eventually breaking it, having the potential to head into the $23 area. Don’t forget that we are in a strong weekly bullish trend and in the...
In our previous forecast, we correctly anticipated Gold to reach the resistance. In the coming week, we are expecting Gold to engage some bearish momentum and make an attempt and reach the support level. Trade with care. Best regards, Financial Flagship Disclaimer: The analysis provided is purely informative and it should not be used as financial...
Last week, we expected the British Pound to start a bullish move that has the potential to reach the resistance area. Instead, the price ranged the whole trading week. In this context, we incline towards a bullish move that started and we see this sideways move as a correction that will trigger a future bullish move in the price. Trade with care. Best...
In our past analysis, we forecasted that EURUSD will start a small bullish move towards the resistance. Instead, the price ranged the entire week without any noticeable movement. For this week, considering the fact that the ECB policymakers will meet and decide to keep the rates unchanged or not will, we expect the price to be bullish prior to the ECB meeting,...
Copper ranged the entire week, as the price refused to reach the resistance level. In the coming days, we are expecting the price to increase and hit the resistance area again, followed by a reversal that can reach the support area. Trade with care. Best regards, Financial Flagship Disclaimer: The analysis provided is purely informative and it should...
In our previous forecast, we correctly anticipated the bullish momentum in USDCAD. For this week we expect the price to lose some momentum until it reaches the bottom channel line. After that, we anticipate the bullish momentum to return. Trade with care. Best regards, Financial Flagship Disclaimer: The analysis provided is purely informative and it...
Last week, we expected the Australian Dollar to reach the orange trendline. Instead, it made a new lower low and now it looks like the bearish momentum is dying out. In the coming week, we anticipate the price to make a bullish attempt and reach the resistance area. Trade with care. Best regards, Financial Flagship Disclaimer: The analysis provided...
In our previous outlook, we forecasted USDJPY to drop towards the support level. Instead, as most of the major pairs, UJ ranged the entire week. For next week, we expect the price to finish this consolidation around the resistance before resuming the bearish momentum until it will reach the support level highlighted on the chart. Trade with care. Best...
Crypto.com Coin (CRO) is the native cryptocurrency token of the Crypto.com Chain, a decentralized, open-source blockchain created by Crypto.com, a payment, trading, and financial services firm. Crypto.com Chain is one of Crypto.com's solutions aimed at accelerating the worldwide use of cryptocurrencies as a method of enhancing personal control over money, securing...
Gabor Gurbacs, director of digital assets at VanEck asset management, has responded to Elon Musk's latest tweet, in which he claims that DOGE would outperform the two most popular cryptocurrencies, BTC and ETH, due to their sluggish base layer transaction speeds. Both Gurbacs and Mow have reminded the eccentric Tesla CEO that the meme-coin he favors and intends...
According to Exame, the Brazilian Securities Commission (CVM) has approved the first exchange-traded fund (ETF) in Latin America that monitors the performance of Ethereum (ETH). On July 13, many months after approving a Bitcoin (BTC) ETF, Brazil's securities regulator authorized a product that mimics the performance of the second-largest cryptocurrency, ETH, with...
Softbank, which owns the Ripple-backed MoneyTap payment app in Japan, teamed up with Tiger Global, a New York-based hedge fund, to assist Revolut, a digital bank located in the United Kingdom, raise $800 million in a recent fundraising round. Despite the contentious lawsuit filed by the SEC against Ripple Labs in December 2020, according to a Revolut blog post...