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Coinbase CEO Decides To Sell His 2% Stake

admin2022-10-15T07:53:30+00:00

Cryptocurrency News Live Updates and Latest News: (15 October 2022) After registering a broad recovery on Friday, the global digital asset market cap have dropped by the 2.3% over the past day. Its total market cap now stands at $919 billion with a trading volume of $57.12 billion. However, the increased correlation between the traditional markets and crypto markets is still the key. JPMorgan, one of the US biggest banks registered a massive drop in its net profit in the...

Voyager [VGX]: Creditors oppose the immunity plan, details inside

admin2022-10-15T04:30:45+00:00

Following the confirmation of FTX as the winner of the auction for the assets of bankrupt crypto brokerage Voyager Digital Ltd, its creditors have challenged the proposed plans to offer the company’s officers and directors immunity from any lawsuits related to the collapse of the crypto brokerage firm, court papers filed on 12 October revealed.  According to the court filings, the creditors, while not opposing the proposed sale to FTX as same, are necessary to “maximize recoveries to the Debtors’...

Here’s what Polkadot [DOT] holders can expect in the coming days

admin2022-10-15T02:30:16+00:00

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. Polkadot witnessed a bullish divergence with the CMF. Can an immediate rebound induce a breakout rally? The crypto’s social dominance declined while the development activity and funding rates improved. The broader sentiment aided Polkadot [DOT] bears in getting a hold of the immediate trend. The last two months marked a steep downturn that took the shape a of reversal pattern on...

Curve Dao Coin Rally Sets Its Target Above $1; Is It Time To Buy?

admin2022-10-14T21:01:35+00:00

Published 4 hours ago The Curve dao coin showed a steady downfall when the prices turned down from $1.55 on July 19th. This V-top reversal plunged the altcoin to a low of $0.738 mark, registering a loss of 52.3%. However, if the selling pressure persists, the prices may drop to $0.677. Moreover, the series of lower highs reflect an established downfall, and if the selling pressure persists, the prices could plunge back to $0.67 support.

Key points:

The Curve dao coin...

Here’s Why Uniswap Token Price Is Set To Surpass $7 Mark

admin2022-10-14T19:00:35+00:00

Published 1 hour ago Amid the widespread recovery in broader markets, the Uniswap token price rebounded from the $5.66 support. A bullish reversal surged the prices 10% higher from this support and continued with the formation of the inverted head should pattern. However, the selling pressure at a higher price indicates that the potential recovery may stall by a few more trading sessions. 

Key points:

The Bullish pattern encourages buyers to reclaim the $7 mark The rising prices struggle to surpass $6.5 The...

JPMorgan Profit Shrinks By 17%; Will It Affect Crypto?

admin2022-10-14T16:23:00+00:00

The correlation between the traditional and digital asset markets is at its peak. Any minor statement or data released by the authorities is enough to surge or plunge the markets. However, JPMorgan, an investment banking company, has reported a major drop in its net profit.

JPMorgan lowers fund for reserves

As per reports, JPMorgan’s Net profit for the third quarter has dipped by a whopping 17%.to stand at $9.74 billion. It mentioned that they are setting $808 million aside for the...

Tether Ditches Commercial Paper Reserves for T-Bills

admin2022-10-13T19:21:04+00:00

Key Takeaways

Tether has shrunk its commercial paper holdings to zero. U.S. Treasury Bills now make up the majority of Tether’s reserves. So far, Tether’s increased transparency hasn’t helped it shed rumors over the state of its reserves.

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Tether has successfully ditched the entirety of its commercial paper holdings in favor of U.S. Treasury Bills, which could now make up approximately 56.3% of the company’s total reserves.

“The Most Secure Reserves”

Tether has made good on its promise to drop commercial paper.The leading...

LUNC is burning but why isn’t it fueling a price pump, exploring reasons

admin2022-10-13T16:30:44+00:00

It has been quite some time since the launch of the much-awaited Terra Classic [LUNC] 1.2% tax burn protocol, which according to many had the potential to change LUNC’s fate in the long run. To date, more than 18 billion LUNC tokens have been burned, which accounts for over 0.268% of the token’s total supply.  Here’s AMBCrypto’s Price Prediction for Terra Classic (LUNC) for 2023-24 $LUNC BURN UPDATE 🔥🔥🔥

Most Important CPI Release Today, What Does CPI Mean?

admin2022-10-13T09:58:34+00:00

The crypto market expects a major price movement. The US Bureau Of Labor Statistics will release the Consumer Price Index for the month of September.

What Does CPI Mean

The Consumer Price Index measures the change in the price of a basket of goods and services on a Month-on-Month and Year-on-Year basis. It is an important measurement of the inflation levels of the country. The US Federal Reserve takes into account the CPI to make monetary policy decisions. The Fed’s stance on...