Blog – Page 465

Rally Possible If It Clears $0.065 –

Tron price started a decent increase from the $0.0575 level against the US Dollar. TRX price is now trading above $0.0600 and the 55 simple moving average (4-hours). There was a break above a key bearish trend line with resistance near $0.0602 on the 4-hours chart (data feed via Bitfinex). The pair could continue to move up if it clears the $0.0630 resistance zone and then $0.0650. TRON price started a fresh increase above $0.0600 against the US Dollar, similar to bitcoin. TRX...

XMANNA and Backstage: A partnership to revolutionize the entertainment industry

XMANNA and Backstage are pleased to announce a partnership in a joint venture to lead a paradigm shift in the way people will consume entertainment. XMANNA, a multi-patented blockchain software provider, is building the future of engagement with a gaming service protocol, evolved sports loyalty applications, the metaverse, and true utility NFTs. XMANNA is partnering with major sports teams to digitize their stadiums to allow for a new type of engaging experience with the team. XMANNA also creates a skilled...

Bitcoin’s Correlation With Stocks Hits 2-Month Low: Will It Decouple?

Bitcoin’s latest rally saw it diverge further from the equity market. While stock markets slumped further on news that the United States will ban Russian oil, the world’s largest cryptocurrency rallied more than 6% to break above $41,000.

Bitcoin outperformed stocks last month

The token has found its footing in recent weeks, despite tumbling in line with equities in the initial stages of the Russia-Ukraine conflict. It has lost about 6% in the last 30 days, compared to a 9% drop...

Flickto and Proof of Africa (PoA) partner to enable Web 3.0 in Africa

With the emergence of blockchain and cryptocurrencies within the last few years, services are being provided to underserved communities and cultures worldwide. This innovative technology facilitates the ability of cross-collaboration in a decentralized manner, which provides opportunities for individuals who are often neglected. Cardano has begun work to provide women in Africa with opportunities that allow them to gain the capabilities needed to help them thrive in such a competitive and daunting environment. Flickto has decided to walk in the...

Binance to Give Away Free Shiba Inu ($SHIB) In New promotion

Leading cryptocurrency exchange Binance is giving away the meme-inspired cryptocurrency Shiba Inu ($SHIB) to new users on its platform through a new promotion that is seemingly meant to incentivize users to trade SHIB. According to an announcement the exchange published, its promotion is running until March 21 and...

Shiba Inu ($SHIB) Overtakes FTX’s $FTT as Ethereum Whales’ Second-Largest Holding

The meme-inspired cryptocurrency Shiba Inu ($SHIB) has overtaken the native cryptocurrency of the FTX exchange, $FTT, as the second-largest holding the largest Ethereum whales have in their portfolios, behind $ETH itself only. According to data shared by whale monitoring resource WhaleStats, the largest Ethereum whales have been adding...

Treasury Department Seeks to Educate the Public on Risks of Crypto Investing

Key Takeaways

The U.S. Treasury wants to increase awareness and educate American households about the risks of investing in cryptocurrency. The initiative is being led by the Treasury’s Financial Literacy Education Commission. Nellie Liang, Treasury Under Secretary for Domestic Finance, has expressed her concerns about regulating digital assets in the past.

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The Treasury Department will kickstart an initiative to educate consumers about the potential risks of investing in cryptocurrency. The initiative, which will be conducted by the Treasury’s Financial Literacy Education...

Here’s the to-do guide for Solana’s market bulls

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice Solana has emerged as the faster network in terms of transaction speed, according to a recent investigation. On the contrary, it is also a statement of fact that unique daily active signers have dropped since January. On the charts, Bitcoin has seen a massive drop in recent months and so has Ethereum. Solana had been one of the large-cap coins that...

Congress Could See Stablecoin Bill by End of March

Key Takeaways

Competing bills concerning the regulation of stablecoins and their reserves could be introduced in Congress this month. Representative Josh Gottheimer produced an earlier draft of the bill, similarly aimed at regulating reserves, this February. The aim of the bill is related to the President’s Working Group on Financial Markets (PWG) and past Tether controversies.

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A bill regulating stablecoins within the U.S. could be introduced as early as this month, according to a report from Blockworks.

Bills Could Be Introduced This...

What risk-on asset Bitcoin should expect before smart money arrives

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice In November 2021, news came out that the U.S Consumer Price Index (CPI) rose by 6.8% when compared to the year prior. This signalled that inflation was higher than expected. Smart market participants asked a pertinent question – Could this inflation result in investors fleeing cryptocurrencies, which are inherently risky holdings? Well, a look...