Bitcoin – Marketiva.mobi https://marketiva.mobi Your Bitcoin News Portal Fri, 23 Sep 2022 22:30:11 +0000 en-US hourly 1 https://wordpress.org/?v=6.0.2 https://marketiva.mobi/wp-content/uploads/2020/10/cropped-bitcoint-logo-1-32x32.jpg Bitcoin – Marketiva.mobi https://marketiva.mobi 32 32 Github Partially Reinstates Tornado Cash Codebase, Open Source Code Set to Read-Only Mode https://marketiva.mobi/2022/09/23/github-partially-reinstates-tornado-cash-codebase-open-source-code-set-to-read-only-mode/ https://marketiva.mobi/2022/09/23/github-partially-reinstates-tornado-cash-codebase-open-source-code-set-to-read-only-mode/#respond Fri, 23 Sep 2022 22:30:11 +0000 https://news.bitcoin.com/?p=549112 The internet hosting and software development subsidiary of Microsoft, Github, has partially unbanned the Tornado Cash repositories following the recent sanctions enforced by the U.S. Treasury Department’s Office of Foreign Asset Control (OFAC). Github’s decision follows the U.S. Treasury updating the public, noting that U.S. persons can copy, view, and discuss the open-source code. Github’s […]]]>

Github Partially Reinstates Tornado Cash Codebase, Open Source Code Set to Read-Only Mode

The internet hosting and software development subsidiary of Microsoft, Github, has partially unbanned the Tornado Cash repositories following the recent sanctions enforced by the U.S. Treasury Department’s Office of Foreign Asset Control (OFAC). Github’s decision follows the U.S. Treasury updating the public, noting that U.S. persons can copy, view, and discuss the open-source code. Github’s partial reinstatement lets repository visitors look at the Tornado Cash codebase in read-only mode.

Github Reinstates Tornado Cash Repositories in Read-Only Mode

The cryptocurrency community has been discussing the internet hosting and software development platform Github after the service decided to partially reinstate the Tornado Cash open source code on the platform. On August 8, 2022, the U.S. Treasury Department’s regulatory watchdog OFAC sanctioned the ethereum mixer Tornado Cash and several ethereum addresses associated with the platform. When OFAC’s sanctions were published, third-party platforms started to take action and one open source programmer was banned from Github.

“My Github account was just suspended,” the software developer Roman Semenov said at the time. “Is writing an open source code illegal now?” Additionally, the Microsoft-owned Github removed the Tornado Cash codebase repositories, and no one could access the code via the software development platform.

On September 13, 2022, after significant criticism from the crypto community, the U.S. Treasury updated the public about U.S. persons that associate themselves with Tornado Cash. For instance, sanctions do not fully apply to U.S. persons that transacted with the ethereum mixing application prior to August 8. If this was the case, and a U.S. person still held funds on the application they can “request a specific license from OFAC to engage in transactions involving the subject virtual currency.”

OFAC Allows US Persons to View, Discuss, and Teach About Sanctioned Platforms and Open-Source Code in Written Publications

OFAC’s frequently asked questions (FAQ) update also discusses open source code tied to Tornado Cash. “U.S. persons would not be prohibited by U.S. sanctions regulations from copying the open-source code and making it available online for others to view, as well as discussing, teaching about, or including open-source code in written publications,” the Treasury’s regulatory department noted.

Following the FAQ update roughly ten days ago, the Ethereum developer Preston Van Loon reported that Github had partially reinstated the Tornado Cash codebase and unbanned codebase contributors. “Github has unbanned the Tornado Cash organization and contributors on their platform,” the developer said. “It looks like everything is in ‘read only’ mode, but that is progress from an outright ban. I still encourage Github to reverse all actions and return the repositories to their former status,” Van Loon added.

What do you think about Github partially reinstating Tornado Cash repositories? Let us know what you think about this subject in the comments section below.

]]>
https://marketiva.mobi/2022/09/23/github-partially-reinstates-tornado-cash-codebase-open-source-code-set-to-read-only-mode/feed/ 0
Tether Reveals USDT Stablecoin Is Now Supported by Polkadot https://marketiva.mobi/2022/09/23/tether-reveals-usdt-stablecoin-is-now-supported-by-polkadot/ https://marketiva.mobi/2022/09/23/tether-reveals-usdt-stablecoin-is-now-supported-by-polkadot/#respond Fri, 23 Sep 2022 20:30:57 +0000 https://news.bitcoin.com/?p=549170 Tether is now live on 15 different blockchain networks, according to the company’s latest announcement on Friday as the firm detailed that it is now supported by the Polkadot blockchain system. The stablecoin’s new support follows the token being added to the Near Protocol 11 days ago. The news further follows Tether being ordered by […]]]>

Tether is now live on 15 different blockchain networks, according to the company’s latest announcement on Friday as the firm detailed that it is now supported by the Polkadot blockchain system. The stablecoin’s new support follows the token being added to the Near Protocol 11 days ago. The news further follows Tether being ordered by a New York judge to produce financial documents last Tuesday.

Polkadot Blockchain Ecosystem Adds Tether

Just recently Tether Operations Limited announced that it was added to the Near Protocol on September 12 and 11 days later, the stablecoin firm revealed it is now hosted on the Polkadot blockchain.

Polkadot (DOT) is an open source distributed ledger project that connects blockchains, decentralized finance (defi), and the Web3 ecosystem. Tether manages the largest stablecoin asset worldwide as it commands a ​​$68.24 billion market valuation on September 23.

Out of the $963.16 billion crypto economy today, USDT dominates by 7.078% of that value. On Friday, Tether said the addition of USDT to the Polkadot blockchain ecosystem is “another milestone” for the stablecoin issuer.

After being added to the Near Protocol and Polkadot Polkadot blockchain ecosystem, USDT is now hosted on 15 different blockchain networks. In a note sent to Bitcoin.com News, Paolo Ardoino, the CTO at Tether said the company is “delighted” to launch tether on the Polkadot blockchain network.

“Polkadot is on a trajectory of growth and evolution this year and we believe Tether’s addition will be essential in helping it continue to thrive,” Ardoino noted. In the last 30 days statistics show that tether’s market cap grew by 0.8% and on Friday, USDT commands $45.51 billion of the $81.84 billion in global crypto trade volume.

Tether’s volume equates to 55.60% of the $81.84 billion in swaps today and 62% of all BTC trades today are paired with tether. The Polkadot blockchain support follows a New York judge ordering Tether Operations Limited to produce financial documents that show USDT’s backing.

The judge’s order stems from a class action lawsuit filed three years ago by five plaintiffs. The case further involves the law firm Roche Freedman LLP and just recently Tether’s lawyer said the law firm should be dropped from the case following the controversy surrounding Roche Freedman’s co-founder Kyle Roche.

What do you think about tether being added to the Polkadot blockchain ecosystem? Let us know what you think about this subject in the comments section below.

]]>
https://marketiva.mobi/2022/09/23/tether-reveals-usdt-stablecoin-is-now-supported-by-polkadot/feed/ 0
Crypto Trader Predicts XRP Could Erupt by Over 80%, Updates Outlook on Bitcoin (BTC) and Two Altcoins https://marketiva.mobi/2022/09/23/crypto-trader-predicts-xrp-could-erupt-by-over-80-updates-outlook-on-bitcoin-btc-and-two-altcoins/ https://marketiva.mobi/2022/09/23/crypto-trader-predicts-xrp-could-erupt-by-over-80-updates-outlook-on-bitcoin-btc-and-two-altcoins/#respond Fri, 23 Sep 2022 19:00:22 +0000 https://dailyhodl.com/?p=218780 A widely followed crypto analyst is predicting a massive surge for Ethereum (ETH) competitor XRP while updating his outlook on Bitcoin (BTC) and two other altcoins. Pseudonymous trader Altcoin Sherpa tells his 183,000 Twitter followers that XRP should rise to $0.60 before ultimately shooting up to $0.87. “XRP: Go to $0.60 and then $0.87 if […]]]>

A widely followed crypto analyst is predicting a massive surge for Ethereum (ETH) competitor XRP while updating his outlook on Bitcoin (BTC) and two other altcoins.

Pseudonymous trader Altcoin Sherpa tells his 183,000 Twitter followers that XRP should rise to $0.60 before ultimately shooting up to $0.87.

“XRP: Go to $0.60 and then $0.87 if that cleanly breaks. Bizarre reaction for some of these altcoins.”

Source: Altcoin Sherpa/Twitter

XRP is changing hands at $0.49 at time of writing.

A rally to Altcoin Sherpa’s target of $0.87 would mark a nearly 80% rise for the payments token.

The analyst then brings up Bitcoin, saying that the king crypto’s current price level seems “spent,” meaning he believes it will dip soon.

“BTC: I think that the wick around $18,500 seems very spent, it seems likely that the next wicks up are coming. 18,000 and 17,500 are the next demand areas up, would stay very cautious.”

Source: Altcoin Sherpa/Twitter

The top crypto asset by market cap is moving for $18,873 at time of writing.

Next on the trader’s list is ETH scaling solution Optimism (OP). Altcoin Sherpa says that while he expects a bounce for OP in the short term, he ultimately expects it to settle around the $0.50 area.

“OP: This current area is a HVN [high volume node] on volume profile, so it should maybe bounce, but this is still a comfortable short all the way down to $0.50 in my opinion.”

Source: Altcoin Sherpa/Twitter

OP is currently trading for $0.926.

Altcoin Sherpa wraps up his analysis by bringing up ApeCoin (APE), the native asset of the Bored Ape Yacht Club non-fungible token (NFT) community. He says that APE currently is at a significant price level and that it “looks scary.”

“APE: $5.85 is a significant level IMO, no 1d [one day] closes over there in almost two weeks. Doing so would mean mid $6s, but it’s a strong level. I still am in my position but I took more profits around the $5.90 area. It looks a bit scary, so taking a bit more profits here.”

Source: Altcoin Sherpa/Twitter

APE is valued at $5.62 at time of writing.

Don’t Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox



Check Price Action



Follow us on Twitter, Facebook and Telegram



Surf The Daily Hodl Mix


Check Latest News Headlines


&nbsp

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/YanaBu

The post Crypto Trader Predicts XRP Could Erupt by Over 80%, Updates Outlook on Bitcoin (BTC) and Two Altcoins appeared first on The Daily Hodl.

]]>
https://marketiva.mobi/2022/09/23/crypto-trader-predicts-xrp-could-erupt-by-over-80-updates-outlook-on-bitcoin-btc-and-two-altcoins/feed/ 0
Bitcoin Miner Marathon Digital’s Shares Downgraded After Compute North Files for Bankruptcy Protection https://marketiva.mobi/2022/09/23/bitcoin-miner-marathon-digitals-shares-downgraded-after-compute-north-files-for-bankruptcy-protection/ https://marketiva.mobi/2022/09/23/bitcoin-miner-marathon-digitals-shares-downgraded-after-compute-north-files-for-bankruptcy-protection/#respond Fri, 23 Sep 2022 18:30:43 +0000 https://news.bitcoin.com/?p=549152 Bitcoin mining firm Compute North filed for Chapter 11 bankruptcy protection in Texas on Thursday as the crypto winter continues to put pressure on crypto mining operations. The bankruptcy petition filed on September 22, indicates the company looks to stabilize operations in order to repay creditors. Compute North Files for Chapter 11 Bankruptcy Protection Five […]]]>

Bitcoin Miner Marathon Digital's Shares Downgraded After Compute North Files for Bankruptcy Protection

Bitcoin mining firm Compute North filed for Chapter 11 bankruptcy protection in Texas on Thursday as the crypto winter continues to put pressure on crypto mining operations. The bankruptcy petition filed on September 22, indicates the company looks to stabilize operations in order to repay creditors.

Compute North Files for Chapter 11 Bankruptcy Protection

Five months ago last April, Compute North revealed the company was building a 300 megawatt (MW) data center in Texas. Months before that at the end of 2021, Compute North entered a deal with Marathon Digital Holdings (Nasdaq: MARA) and the two firms planned to host more than 100,000 application-specific integrated circuit (ASIC) miners in data centers around the country.

Recent Chapter 11 bankruptcy protection filings now show Compute North is dealing with financial issues. Speaking with Steven Church and David Pan from Bloomberg, Kristyan Mjolsnes, head of Compute North’s marketing and sustainability team explained that the firm looks to stabilize operations.

Compute North seeks “the opportunity to stabilize its business and implement a comprehensive restructuring process,” Mjolsnes said. “[It] will enable us to continue servicing our customers and partners and make the necessary investments to achieve our strategic objectives,” the company’s executive explained.

The bankruptcy filing follows the company raising roughly $410 million in equity and debt funding this year. Furthermore, Compute North has had to deal with falling bitcoin (BTC) prices and at the end of June it was said that $4 billion in bitcoin mining loans were in distress. Falling bitcoin and crypto asset prices have triggered a number of bankruptcies stemming from digital currency lenders and cryptocurrency-backed hedge funds.

MARA Stock Downgraded Over Compute North’s Recent Bankruptcy Filing, Marathon Says Compute North’s Restructuring ‘Will Not Impact Current Mining Operations’

Compute North’s bankruptcy has affected Marathon Digital’s stock after BTIG analyst Gregory Lewis decided to downgrade the equity. Lewis said that Compute North’s recent filing will “weigh on MARA’s ability to grow its hash capacity. However, longer term, the bankruptcy of Compute North could provide an opportunity for MARA to build a data center infrastructure footprint at distressed pricing.” Marathon Digital also took to Twitter to discuss the recent bankruptcy filing.

“Today, a filing related to one of our hosting providers was published,” Marathon Digital tweeted. “Based on the information available at this time, it is our understanding that this filing will not impact our current mining operations. We are in communication with the hosting provider and monitoring their progress as they work through this process,” the bitcoin mining firm added.

What do you think about Compute North’s bankruptcy filing and Marathon’s stock getting downgraded? Let us know what you think about this subject in the comments section below.

]]>
https://marketiva.mobi/2022/09/23/bitcoin-miner-marathon-digitals-shares-downgraded-after-compute-north-files-for-bankruptcy-protection/feed/ 0
Two Crypto Assets Soar 40% or More in Just One Week, Far Outperforming Bitcoin and Ethereum https://marketiva.mobi/2022/09/23/two-crypto-assets-soar-40-or-more-in-just-one-week-far-outperforming-bitcoin-and-ethereum/ https://marketiva.mobi/2022/09/23/two-crypto-assets-soar-40-or-more-in-just-one-week-far-outperforming-bitcoin-and-ethereum/#respond Fri, 23 Sep 2022 18:05:34 +0000 https://dailyhodl.com/?p=218778 Two altcoins are up by at least 40% this week while the two leading cryptos by market cap, Bitcoin (BTC) and Ethereum (ETH), stall. XRP and fan-engagement token Chiliz (CHZ) are up by 14% and 9%, respectively, in the last 24 hours alone. XRP is up by 48% in the last seven days and CHZ is […]]]>

Two altcoins are up by at least 40% this week while the two leading cryptos by market cap, Bitcoin (BTC) and Ethereum (ETH), stall.

XRP and fan-engagement token Chiliz (CHZ) are up by 14% and 9%, respectively, in the last 24 hours alone.

XRP is up by 48% in the last seven days and CHZ is up by 40% over the same period.

A crypto legal expert recently said Ripple lawyers should feel confident in the XRP lawsuit with the U.S. Securities and Exchange Commission (SEC).

Pseudonymous crypto analyst CryptoDonAlt says the SEC lawsuit could boost XRP like Elon Musk did for Dogecoin (DOGE), sharing a graph of XRP’s relevant resistances.

“Elon Musk was to DOGE.

What the SEC case could be for XRP.

Would be cool if it played out the same way, doesn’t have to.

Never any guarantees but it’s an exciting narrative for what is essentially a meme coin…

I’m down for full send, these are the relevant resistances

I’ll mercilessly dump the moment I get cold feet (and ducks get cold feet easily – we don’t wear shoes) but until then I’ll be an XRP maximalist.”

Source: CryptoDonAlt/Twitter

CHZ appears to be riding a wave of momentum from a recent fundamental development.

One wave is hype on the project’s work toward launching CHZ 2.0, which will be its own native blockchain designed for high speed and scalability.

CHZ is also seeing a boom in whale activity, according to Santiment.

Don’t Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox



Check Price Action



Follow us on Twitter, Facebook and Telegram



Surf The Daily Hodl Mix


Check Latest News Headlines


&nbsp

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/Pattern Trends/VECTORY_NT

The post Two Crypto Assets Soar 40% or More in Just One Week, Far Outperforming Bitcoin and Ethereum appeared first on The Daily Hodl.

]]>
https://marketiva.mobi/2022/09/23/two-crypto-assets-soar-40-or-more-in-just-one-week-far-outperforming-bitcoin-and-ethereum/feed/ 0
PRIMEZTOKEN Is Now Available for Trading on LBank Exchange https://marketiva.mobi/2022/09/23/primeztoken-is-now-available-for-trading-on-lbank-exchange/ https://marketiva.mobi/2022/09/23/primeztoken-is-now-available-for-trading-on-lbank-exchange/#respond Fri, 23 Sep 2022 17:00:24 +0000 https://news.bitcoin.com/?p=549043&preview=true&preview_id=549043 PRESS RELEASE. INTERNET CITY, DUBAI, Sep. 23, 2022 – LBank Exchange, a global digital asset trading platform, has listed PRIMEZTOKEN on September 23, 2022. For all users of LBank Exchange, the PRIMEZTOKEN/USDT trading pair is now officially available for trading. Aiming to introduce Japan’s world-class contents to Japan and overseas using blockchain technology, Primez provides […]]]>

PRESS RELEASE. INTERNET CITY, DUBAI, Sep. 23, 2022 – LBank Exchange, a global digital asset trading platform, has listed PRIMEZTOKEN on September 23, 2022. For all users of LBank Exchange, the PRIMEZTOKEN/USDT trading pair is now officially available for trading.

Aiming to introduce Japan’s world-class contents to Japan and overseas using blockchain technology, Primez provides an NFT marketplace where Japanese contents can be converted into NFTs. Its native token PRIMEZTOKEN has been listed on LBank Exchange at 8:00 UTC on September 23, 2022, to further expand its global reach and help it achieve its vision.

Introducing Primez

Japanese content is highly acclaimed worldwide, ranging from traditional art to animation, games, music, contemporary art, and sports. The overseas market for Japanese content has more than doubled in the past 10 years. The largest overseas market by category is anime, followed by online games for smartphone applications, which have grown rapidly, and then print publication and distribution of manga.

The Primez NFT Marketplace will focus on the value of these Japanese contents and convert them into NFT, protecting and enhancing the value of creators active in Japanese culture, and creating a new economic zone not only in the Japanese market but also in the US and Asia.

PRIMEZTOKEN was issued in order to stably operate the PRIMEZ chain as a decentralized platform, a blockchain specialized in the issuance, management, and distribution of NFTs in the Japanese content domain, and designed in accordance with the business model. In addition, the PRIMEZ chain can be connected to multiple blockchains, including Ethereum, and functions as a cross-chain platform that serves as a hub for the issuance and distribution of NFTs.

By establishing a platform for the use of two new types of assets, NFT and cryptographic assets, Primez will introduce Japan’s world-class contents to Japan and overseas using blockchain technology and create a new market.

About PRIMEZTOKEN

Users will enjoy various benefits if they have PRIMEZTOKEN. Unique NFT artworks sold only on Primez marketplace can be purchased with PRIMEZTOKENs. In addition, 5% of Primez sales will be returned to token holders based on the amount of PRIMEZTOKENs they hold and the length of time, calculated every 6 months. They can also support their favorite idols using PRIMEZTOKEN on a new and unique live-streaming site called MetaLive, supported by Primez. Furthermore, PRIMEZTOKENs give them the right to vote in events.

Based on ERC-20, PRIMEZTOKEN has a total supply of 1 billion (i.e. 1,000,000,000) tokens, of which 35% is provided for community mining, 20% is allocated for ecosystem development and growth, another 20% is allocated to official management team, another 20% is provided for pre-sale, and the remaining 5% is allocated to advisors.

The PRIMEZTOKEN has been listed on LBank Exchange at 8:00 UTC on September 23, 2022, investors who are interested in the Primez investment can easily buy and sell PRIMEZTOKEN on LBank Exchange right now. The listing of PRIMEZTOKEN on LBank Exchange will undoubtedly help it further expand its business and draw more attention in the market.

Learn More about PRIMEZTOKEN:

Official Website: http://primez.io

Twitter: https://twitter.com/primez_JP

About LBank

LBank is one of the top crypto exchanges, established in 2015. It offers specialized financial derivatives, expert asset management services, and safe crypto trading to its users. The platform holds over 7 million users from more than 210 regions across the world. LBank is a cutting-edge growing platform that ensures the integrity of users’ funds and aims to contribute the global adoption of cryptocurrencies.

Start Trading Now: lbank.info

Community & Social Media:

l Telegram

l Twitter

l Facebook

l LinkedIn

l Instagram

l YouTube

Contact Details:

LBK Blockchain Co. Limited

LBank Exchange

marketing@lbank.info

business@lbank.info

 

 

 


This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

]]>
https://marketiva.mobi/2022/09/23/primeztoken-is-now-available-for-trading-on-lbank-exchange/feed/ 0
Euro Taps a $0.973 Low Against the US Dollar, Analysts Claim British and EU Currencies Are Trapped in a ‘Doom Loop’ https://marketiva.mobi/2022/09/23/euro-taps-a-0-973-low-against-the-us-dollar-analysts-claim-british-and-eu-currencies-are-trapped-in-a-doom-loop/ https://marketiva.mobi/2022/09/23/euro-taps-a-0-973-low-against-the-us-dollar-analysts-claim-british-and-eu-currencies-are-trapped-in-a-doom-loop/#respond Fri, 23 Sep 2022 16:30:59 +0000 https://news.bitcoin.com/?p=549122 On Friday, the official fiat currency of 19 out of the 27 member states of the European Union (EU), the euro, plunged to a low of $0.9732 against the U.S. dollar. The drop comes at a time when fiat currencies like the yen, yuan, and pound have struggled against the greenback during the past six […]]]>

On Friday, the official fiat currency of 19 out of the 27 member states of the European Union (EU), the euro, plunged to a low of $0.9732 against the U.S. dollar. The drop comes at a time when fiat currencies like the yen, yuan, and pound have struggled against the greenback during the past six months. Analysts claim the pound and euro are trapped in a “doom loop” and it’s also been said that the U.S. dollar is “the only possible hedge” against a failing global economy.

Citigroup Analysts Say Greenback Is the Only Haven in This Macroeconomic Environment

Strange days have found us in the world of finance, fiat currencies, stocks, bonds, and cryptocurrencies. On Friday, September 23, the European Union’s fiat currency the euro has been struggling against the U.S. dollar and slipped below parity as the weekend nears. The euro is currently trading for $0.97 and it tumbled to a low of $0.9732 during the morning trading sessions (10 a.m. ET). The euro has lost more than 1% against the greenback in 24 hours and it’s the lowest it’s been in 20 years.

Bloomberg contributors Sofia Horta e Costa and Ruth Carson recently referenced analysts from Citigroup Inc. and the views of the Canadian Imperial Bank of Commerce. “The surging dollar has caused a lot of people to believe the only safe haven asset is the U.S. currency,” the writers explained last week. The duo received a research note from Citi strategists Jamie Fahy and Adam Pickett who discuss the phenomena surrounding the U.S. dollar.

“The only place to hide is in US dollar cash,” the Citi strategists claim. A “deep recession” will drop inflation the bank’s financial strategists add. Win Thin, the lead currency strategy analyst at Brown Brothers Harriman in New York says the macroeconomic backdrop seems to favor the dollar. “The repricing of Fed tightening risks is likely to keep the dollar bid across the board in the near term,” the Brown Brothers Harriman executive said. Brown Brothers Harriman’s currency strategy analyst continued:

As we said during this most recent dollar correction lower, nothing has really changed fundamentally and the global backdrop continues to favor the dollar and U.S. assets in general.

TD Securities Strategists Believe Euro and Sterling Pound Are Stuck in a ‘Doom Loop’

Strategists at TD Securities believe the euro and pound are stuck in a “doom loop” and the company’s analysts think it may get worse over the next few months. TD Securities strategists working alongside James Rossiter detailed on Friday that the doom loop is caused by weak economic growth and rising energy costs.

The TD Securities analysts think the sterling pound will sink another 3% from current standings. Rossiter and the team at TD say the European Central Bank (ECB) and the Bank of England (BOE) can only do so much.

“While both the ECB and BOE want to slow and eventually reverse this loop, monetary policy can only limit the slowdown significantly ahead of the coming winter,” the currency strategists remarked. “Policymakers can’t produce the needed energy supply.”

What do you think about the euro slipping to $0.9733 against the U.S. dollar and the analysts predictions concerning the fiat currency? Let us know what you think about this subject in the comments section below.

]]>
https://marketiva.mobi/2022/09/23/euro-taps-a-0-973-low-against-the-us-dollar-analysts-claim-british-and-eu-currencies-are-trapped-in-a-doom-loop/feed/ 0
Biggest Movers: XRP Hits Fresh 4-Month High, Token Climbs 50% This Week https://marketiva.mobi/2022/09/23/biggest-movers-xrp-hits-fresh-4-month-high-token-climbs-50-this-week/ https://marketiva.mobi/2022/09/23/biggest-movers-xrp-hits-fresh-4-month-high-token-climbs-50-this-week/#respond Fri, 23 Sep 2022 15:46:58 +0000 https://news.bitcoin.com/?p=549140 Xrp was once again higher on Friday, as the token hit a 4-month high for a third consecutive session. The token formerly known as ripple has risen by over 50% in the last seven days, despite the current market volatility. Cronos was also a notable mover today, climbing by nearly 15%. XRP XRP was higher […]]]>

Xrp was once again higher on Friday, as the token hit a 4-month high for a third consecutive session. The token formerly known as ripple has risen by over 50% in the last seven days, despite the current market volatility. Cronos was also a notable mover today, climbing by nearly 15%.

XRP

XRP was higher for a second consecutive session on Friday, as the token moved to a fresh four-month high.

Following a low of $0.3398 to start the week, XRP/USD rose to an intraday peak of $0.5523 earlier today.

As a result of today’s surge, which saw the price climb by over 10%, XRP climbed to its highest point since May 9.

Looking at the chart, the move comes as the token raced past its long-term ceiling of $0.5000, sending the 14-day relative strength index (RSI) to a recent high.

As of writing, the index is currently tracking at 72.57, which is its strongest point since August 2021.

Since earlier highs, XRP has moved lower, as previous bulls appear to have liquidated their positions, securing gains in the process.

Should bears see this as an opportunity to reenter the market, we could see XRP begin to reverse course.

Cronos (CRO)

Cronos (CRO) was another notable gainer in today’s session, as the token rose past a key resistance level.

CRO/USD surged to a high of $0.1226 on Friday, which saw prices move beyond their recent ceiling of $0.1145.

Today’s peak is the strongest point that cronos has hit in the past ten days, pushing CRO close to a ceiling of $0.1260.

In addition to the breakout of the recent resistance level of $0.1145, there has also been a breakout of a ceiling of 50.50 on the RSI indicator.

As you can see from the chart, the 10-day (red) moving average also looks to be closing in with its 25-day (blue) counterpart, which could lead to an upwards crossover.

Overall, the token is currently trading nearly 14% higher from the same period last week.

Register your email here to get weekly price analysis updates sent to your inbox:

Will we see momentum in cryptocurrency markets rise this coming weekend? Let us know your thoughts in the comments.

]]>
https://marketiva.mobi/2022/09/23/biggest-movers-xrp-hits-fresh-4-month-high-token-climbs-50-this-week/feed/ 0
Meme Tokens Slide 55% in 5 Months — DOGE, SHIB Dominate $14.9B Meme Coin Economy by 95% https://marketiva.mobi/2022/09/23/meme-tokens-slide-55-in-5-months-doge-shib-dominate-14-9b-meme-coin-economy-by-95/ https://marketiva.mobi/2022/09/23/meme-tokens-slide-55-in-5-months-doge-shib-dominate-14-9b-meme-coin-economy-by-95/#respond Fri, 23 Sep 2022 13:30:04 +0000 https://news.bitcoin.com/?p=549076 Five months ago, the top meme cryptocurrencies by market valuation were valued at $33.7 billion and today, the meme coin economy is 55% lower, down to $14.9 billion on September 23. During the last month, dogecoin lost 12.8% in value, and shiba inu is down 19.4% against the U.S. dollar in 30 days. Dogecoin, Shiba […]]]>

Meme Tokens Slide 55% in 5 Months — DOGE, SHIB Dominate $14.9B Meme Coin Economy by 95%

Five months ago, the top meme cryptocurrencies by market valuation were valued at $33.7 billion and today, the meme coin economy is 55% lower, down to $14.9 billion on September 23. During the last month, dogecoin lost 12.8% in value, and shiba inu is down 19.4% against the U.S. dollar in 30 days.

Dogecoin, Shiba Inu, Baby Doge Coin Dip Lower Losing Between 12.8% and 19.4%

Today, the meme coin economy is worth nearly 15 billion U.S. dollars and out of dozens of meme tokens, 25 of them have the term “doge” in their name. 18 of the tokens have the name “shiba” and 30 crypto meme coins have the term “dog” in their name.

The oldest and largest meme crypto asset, in terms of market capitalization, dogecoin (DOGE), is still a heavy hitter in the world of cryptocurrencies. DOGE is the tenth largest crypto coin by market capitalization as it’s valued at $7.97 billion. Out of the entire meme token economy, dogecoin’s market cap is 53.48% of the $14.9 billion.

The second largest meme token is shiba inu (SHIB) with its $6.33 billion market valuation. SHIB’s market cap represents 42.48% of the entire meme coin economy and it’s ranked 13 among the 12,983 crypto assets in existence. Between DOGE and SHIB, the two meme tokens dominate the $14.9 billion in crypto meme coins by 95.96%.

Out of the entire crypto economy worth $965 billion today, the DOGE and SHIB market caps combined equate to 1.483% on Friday, September 23, 2022. The third largest meme coin asset is baby doge coin (BABYDOGE), but its market cap is much smaller at $178.90 million.

BABYDOGE’s market valuation equates to 1.2% of the entire crypto meme economy. During the last two weeks, baby doge coin lost 3.3% and over the past month, the meme token is down 16.4%.

Five months ago, the meme coin economy was in much better standings and was coasting along at $33.7 billion at the time. Today, at $14.9 billion, the meme coin economy has lost 55% in USD value since then.

While DOGE, SHIB, and BABYDOGE had a lackluster week, a handful of meme tokens saw double-digit gains this past week. For instance, iotexshiba (IOSHIB) is up 48.3%, metadoge (METADOGE) has climbed 47.9%, and boss (BOSS) has risen 43.2% against the U.S. dollar in seven days.

In terms of meme coin token losers this week, duckereum (DUCKER) lost 32.8%, shibaken finance (SHIBAKEN) shed 27.6%, and hoge finance (HOGE) is down 24.8%.

What do you think about the meme coin economy’s recent price action? Let us know what you think about this subject in the comments section below.

]]>
https://marketiva.mobi/2022/09/23/meme-tokens-slide-55-in-5-months-doge-shib-dominate-14-9b-meme-coin-economy-by-95/feed/ 0
Bitcoin, Ethereum Technical Analysis: BTC Falls as Global Economic Slowdown Heightens https://marketiva.mobi/2022/09/23/bitcoin-ethereum-technical-analysis-btc-falls-as-global-economic-slowdown-heightens/ https://marketiva.mobi/2022/09/23/bitcoin-ethereum-technical-analysis-btc-falls-as-global-economic-slowdown-heightens/#respond Fri, 23 Sep 2022 12:47:05 +0000 https://news.bitcoin.com/?p=549097 Bitcoin was back in the red during Friday’s session, as the token was once again trading below $19,000. The recent decline comes as the global economic slowdown has become more apparent. This week, both the Bank of England and United States Federal Reserve have moved to increase interest rates, with the Bank of Japan also […]]]>

Bitcoin was back in the red during Friday’s session, as the token was once again trading below $19,000. The recent decline comes as the global economic slowdown has become more apparent. This week, both the Bank of England and United States Federal Reserve have moved to increase interest rates, with the Bank of Japan also intervening in the currency market. Ethereum was also lower on Friday, falling below $1,300.

Bitcoin

Bitcoin (BTC) fell back below $19,000 on Friday, as financial markets continued their sell-off, while the global economy continued to slow down.

BTC/USD was moving closer to a three-month low on Friday, as the token dropped to an intraday low of $18,859.75.

This comes as both the S&P 500 and gold also dropped to recent lows in the past 24 hours, following U.S. Fed rate hike.

Looking at this chart, today’s decline comes as prices slipped below a key price floor of $19,300, with the 14-day relative strength index (RSI) also dropping below a resistance point.

As of writing, the index is tracking at 41.38, which is marginally below a notable ceiling at the 42.00 mark.

Bears now look set to move from this ceiling to a floor of 37.50, and should this occur, BTC will likely be trading below $18,000.

Ethereum

Similar to bitcoin, today’s red wave also collided with ethereum (ETH), which saw its price once again fall below $1,300.

The world’s second largest cryptocurrency dropped to an intraday low of $1,258.71 during today’s session.

This move has seen ETH/USD move closer to a floor of $1,215, which was hit earlier this week for the first time since July.

As seen from the chart, the 10-day (red) moving average has fully crossed with its 25-day (blue) counterpart, which is a sign that further declines could come.

Currently the RSI is tracking at 37.58, which is in oversold territory, and could be a positive for investors hoping that the sell-off slows down.

Overall, ETH has fallen by nearly 12% in the last seven days.

Register your email here to get weekly price analysis updates sent to your inbox:

Could ethereum fall below $1,000 this month? Leave your thoughts in the comments below.

]]>
https://marketiva.mobi/2022/09/23/bitcoin-ethereum-technical-analysis-btc-falls-as-global-economic-slowdown-heightens/feed/ 0