Bybit has announced a significant increase in its Bitcoin trading volume since the launch of its spot trading platform in 2022, but particularly this year. According to the latest Kaiko Research quarterly report, Bybit’s market share has skyrocketed from 2% in 2023 to 9.3% in 2024, a nearly 400% surge that further establishes Bybit as a…
The EUR/USD currency pair continued to correct on Tuesday. More precisely, it continued to trade within the sideways range of 1.0620–1.0681 for most of the day. During the day, there was a slight increase, which was provoked by business activity indices, which will be discussed below. Overall, it can be noted that the pair’s volatility…
Via the Flare blockchain, Raindex has provided a great innovation by trying to overcome the scalability issues and low transaction speed despite the complexity of the decentralized exchanges (DEXs). An innovative approach towards token trading is offered by Raindex, i.e. Flare Time Series Oracle (FTSO) as well as the Rainlang smart contract language, which is…
Richmond Hill, Kingstown, April 24th, 2024, Chainwire Minutes Network Token (MNT), the proprietary token of Minutes Network, the world’s first DePIN wholesale voice call termination provider, today discussed its blockchain utilisation in more depth. Alex Berry, Head of Token, explained, ‘the decision to launch MNT was driven by our commitment to create a sharing economy,…
Polkadot (DOT), the interoperable blockchain platform designed for connecting different blockchains, is currently caught in a tug-of-war between technical indicators suggesting a potential price dip and bullish predictions from some analysts. Recent price movements paint a somewhat gloomy picture. DOT breached the lower boundary of its ascending trend channel, a technical indicator often interpreted as…
The world of cryptocurrency investments has witnessed a noticeable uptick in activity, particularly within Bitcoin ETFs. As of April 23, 2024, the market saw a significant net inflow of $32 million into Bitcoin-related exchange-traded funds (ETFs). This marks a positive trend over three consecutive trading days, highlighting growing investor confidence in digital assets. Steady Inflows…
Worldcoin has announced that it will increase the supply of its WLD tokens by 19%, or 36 million new tokens, through institutional sales to trading firms located outside the US. The company is keen to avoid regulatory crackdown in the US and claims that one of its conditions to the buyers is that they can’t…
Australia’s Consumer Price Index (CPI) was released this morning, surpassing expectations and indicating robust inflationary pressures: Quarterly CPI: Actual 1.0%, Expected 0.8%, Previous 0.6% Annual CPI: Actual 3.5%, Expected 3.4%, Previous 3.4% The stronger-than-expected inflation figures suggest a potential extension of the Reserve Bank of Australia’s tight monetary policy, propelling the Australian dollar higher against…
American charities are experiencing a windfall thanks to a new kind of currency: cryptocurrency. By accepting donations in crypto such as Bitcoin, Ethereum, and other digital assets, non-profits are witnessing a surge in contributions, streamlining processes, and reaching new donor demographics. This year alone, the two largest US charities have reportedly raised over $2 billion…
Overview of trading and tips on USD/JPY The price test of 154.86 at the beginning of the US session occurred at a time when the MACD indicator was in overbought territory, clearly limiting the pair’s downward potential. For this reason, I did not buy, and I did not wait for the second test to execute…