FEEDI’ve got to say, I was wrong about crypto – – or, more specifically, wrong about Bitcoin and Ethereum. To be clear, I still think crypto is useless, but maybe we’ve found a very specific niche case where it excels: that is to say, a reliable safe haven for fixed assets (a digital gold, someRead More 0 Comments [Read More...]
SURF Reward Launches Browser Extension with Cryptocurrency Rewards & IDO Presale
Press Release: Abelius Capital AG to launch ‘SURF Reward’, an internet browser extension that monetizes advertisements into cryptocurrency. February 16, 2023, Dusseldorf, Germany — German company Abelius Capital AG has announced the launch of its Surf2earn internet web browser extension, SURF Reward. The extension will enable users to view selected advertisements in exchange for SURF tokens. The company has also announced an IDO for the SURF token, which will run on Binance Smart Chain (BSC). The Problem with Ads The Internet advertising industry is worth hundreds of billions of dollars, but almost none of those profits go to the people who are consuming the ads. As a bi-product of this issue, internet users frequently turn to tools like AdBlockers to hide ads, resulting in companies not reaching… [Read More...]
Market Insights Podcast (Episode 433)
OANDA Senior Market Analyst Ed Moya reviews the latest market news with Jonny Hart. They discussed the return of the bond bears following a wave of hawkish Fed speak, oil’s weekly loss, crypto markets, and the week ahead. [Read More...]
Largest Spanish Crypto Exchange, Bit2Me Launch Debit Card, with up to 9% Cash-back
Press Release: The Bit2Me Mastercard offers up to 9% cash-back to its customers, the highest currently available in the crypto market worldwide. Madrid, February 10, 2023 — Bit2Me, the first company recognized by the Bank of Spain as a virtual currency service provider, is the first cryptocurrency exchange in the world to offer up to 9% cash back, (crypto cashback) with the launch of its new Mastercard debit card. The Bit2Me Card The Bit2Me card already works across the Mastercard network, enabling crypto payments at more than 90 million businesses worldwide. The Card is also available on mobile devices, allowing users to make payments directly from NFC-enabled smartphones or smartwatches. Bit2Me uses active software that facilitates switching wallets at any time, allowing all… [Read More...]
The Bulls Could Be Back For Solana If It Remains Above This Level
Solana price has displayed a completely bearish price thesis on the one-day chart. In that same timeframe, the coin declined by close to 9%. The depreciation in value might continue as the technical outlook points in the same direction. With the recent Solana Protocol Raydium hack of over $2 million, the price of the coin has been affected further. Over the past week, the coin has shed nearly 10% of its value. As SOL fell from its long-standing support line of $13, the coin has been on a freefall. Demand for the altcoin has remained substantially low, with investor interest fading away. Investors have to be cautious as SOL continues to depict increased volatility over the past few weeks. For the bulls to return to … [Read More...]
US Open: Stocks lower as economy weakens, US data, Goldman layoffs, Oil slumps, Gold’s bad week, Crypto audits
US stocks are declining as investors can’t shake off all the hawkish rhetoric that came from central bankers this week and as the private sector clearly entered a strong downturn. Monetary policy has quickly gotten restrictive now that the Fed has raised rates by 400 basis points in 9 months. Recession risks will only grow now that Powell has signaled that we should expect ‘ongoing increases’. Global bond yields are rising after central banks delivered another round of tightening and mostly signaled that more rate increases were coming. The European flash PMIs showed the eurozone is stuck in contraction territory but the readings came in better-than-expected which could allow the ECB to remain aggressive with its rate hiking campaign. US data The flash PMIs confirmed Wall Street’s … [Read More...]
US Close: Stocks fluctuate, Fed stays hawkish, Dollar posts weekly gain, Oil’s bad week, Gold declines, Cryptos surprisingly find support
US stocks are acting like they are already feasted on a 12-pound turkey. Today’s market moves were uninspiring as we did not learn anything new. The housing market is in a recession after existing home sales fell for a ninth straight month. The Fed is united in sticking to the hawkish script. Fed’s Collins noted that a 75 basis-point rate increase is still on the table as there is no clear evidence that inflation is coming down. Despite this week’s steady hawkish tones from policymakers, Wall Street remains convinced that they will pivot and probably cut rates at some point around the end of next year. This bear market rally has been stubborn, and it seems we need a clear signal that inflation is … [Read More...]
XOXNO the Leading NFT Marketplace on MultiversX Announces Support for Fiat Payments
Press Release: Users of the XOXNO all-in-one NFT marketplace can now buy and sell NFTs with EUR or Romanian RON through any Visa or Mastercard. 7th November 2022, Bucharest, Romania — XOXNO has announced the integration of fiat payments to its all-in-one NFT marketplace, with support for EUR and the Romanian RON. The MultiversX-based NFT marketplace was launched in early 2022 and is currently registering a monthly trading volume in excess of $1 Million USD. XOXNO Launches Fiat Payments With a thriving NFT marketplace already established on the back of EGLD token payments, XOXNO is expanding to facilitate the use of fiat payments for all users. The integration will allow users to buy and sell NFTs using both EUR and the Romanian RON with … [Read More...]
Utrust & Lugano: Bringing Crypto Payments to an Entire City
Press Release: Utrust, in collaboration with the city of Lugano & Tether Operation Limited, is bringing crypto payments to an entire city with a new ‘Plan B’ initiative deal. October 27th, Lugano Switzerland — The deal, a part of the Plan ? initiative, will turn the entire city into a hub for technological innovation and allow for all public services and e-commerce businesses to accept crypto payments with Utrust. Crypto Payments Coming to Lugano The city of Lugano is the largest city in the canton of Ticino, Switzerland. They are also the economic capital of Southern Switzerland, strategically located between the metropolitan areas of Milan and Zurich. Part of Lugano’s appeal as a vibrant financial center is its commitment to the adoption and usage of cryptocurrencies. … [Read More...]
Market Insights Podcast (Episode 384)
Jonny Hart looks back on the week’s business and markets news with OANDA Senior Market Analyst Ed Moya in New York. This week they talk about another the September jobs report, a massive production cut by OPEC+, and what is happening in crypto markets. They also discuss what the week ahead has in store for financial markets. [Read More...]
Markets Today: World mourns Queen Elizabeth II, Stocks Rally despite more hawkishness, Oil higher on supply risk and weaker dollar, Gold rises,…
As the world mourns the death of Her Majesty Queen Elizabeth II, world leaders pay tribute for her incredible service and leadership. The UK enters a 10-day mourning period that will see some events delayed or suspended. ? The BOE announced they will push back their interest rate decision to September 22nd. UK train strikes will be delayed as three British trade unions will suspend their scheduled strike action. ? The Office of National Statistics confirmed the upcoming economic publications are due to go ahead. ? That includes UK trade, GDP, unemployment, inflation, housing, and retail sales data. Wall Street is finishing the week on a positive note as the dollar’s rally has run out of steam as optimism grows for inflation to continue to come down. … [Read More...]
Bitcoin – Losing momentum
OANDA Senior Market Analyst Craig Erlam discusses bitcoin’s recovery in recent weeks and how sustainable it is. [Read More...]
NFP React: What economic slowdown? Jobs Shocker supports Fed 75bp argument for September, Stocks drop, Oil pares weekly losses, Gold rally ends,…
The July nonfarm payroll report delivered a juicy plot twist in the Wall Street’s Fed pivot playbook. Stubbornly high inflation and a global economic slowdown was expected to drag down the US economy, but after today’s jobs report that does not seem to be the case. Fed officials were already pushing back on the idea of a Fed pivot and now it seems they will be debating whether they need to be even more aggressive to tackle inflation given how strong the labor market is performing. US stocks plunged after a robust employment sent Fed rate hike expectations higher. The stock market was too optimistic in feeling confident the Fed only had a full-point in rate hikes left in them before they would keep rates steady. … [Read More...]
Market Insights Podcast (Episode 348)
Jonny Hart looks back on the week’s business and markets news with OANDA Senior Market Analyst Ed Moya in New York. This week they talk about why the S&P 500 had the worst first half performance since 1970, the key drivers for the oil market, and the house of pain that crypto markets are stuck in. They also discuss what the week ahead has in store for financial markets. [Read More...]
How Will Cynthia Lummis’s Proposed Bill Affect Bitcoin
Senator Cynthia Lummis, a rancher and Republican senator from Wyoming introduced a comprehensive and sweeping bill concerning Bitcoin and crypto regulations. The RFI (Responsible Financial Innovation) Act was released on June 7th by the Senator alongside Kristen Gillibrand, a New York securities attorney, and Democrat senator. Related Reading | Bitcoin Open Interest Falls As Price Dips Below $31,000 According to Lummis, the proposed bill will lead to cryptocurrency adoption into the traditional financial system. Thus, enabling the digital currencies to become accepted as commodities. Clear Distinction Between Bitcoin From Other commodities The senator explained that, in promoting the crypto bill before its deployment, if the bill becomes passed into law, it will introduce a change. She said there would be a clear difference between securities, commodities, cryptocurrencies, … [Read More...]
Market Insights Podcast (Episode 339)
Jonny Hart looks back on the week’s business and markets news with OANDA Senior Market Analyst Ed Moya in New York. This week they discuss a very hot inflation report and the reaction across Wall Street, the ECB policy decision and the recent wave of regulation and investigation hitting the crypto markets. They also discuss what the week ahead has in store for financial markets. [Read More...]
What’s Next For Bitcoin As Prices Encounter Difficulty Reclaiming $43,000?
Recently, bitcoin prices have struggled, often dipping below the $43,000 mark and then failing to post substantial gains. Around 9:20 a.m. EDT, the world’s most popular crypto asset retreated to $42,777.20, CoinDesk data show, Saturday. The majority of cryptocurrencies traded lower early Saturday. Global crypto market market capitalization fell nearly 3% to $1.15 trillion in the last 24 hours, while total crypto market volume was up 9.3 percent to $89.50 billion. Suggested Reading | Ark CEO Cathie Wood Is As Bullish As Ever, Sees Bitcoin Hitting $1 Million By 2030 Bitcoin Short Stay At Near $44K Bitcoin was able to inch back slightly shortly thereafter, reaching $43,962.01 at approximately 10 a.m. EDT. Following this comeback, it retreated again, falling to around $42,840 at 1:30 p.m. On the other … [Read More...]
Huobi Ventures Enters Strategic Partnership with Bit2Me, Expanding Reach to Spanish-Speaking Markets
console.debug(‘TRINITY_WP’, ‘Skip player from rendering’, ‘is single: , is main loop: 1, is main query: 1’);console.debug(‘TRINITY_WP’, ‘trinity_content_filter’);Press Release: The strategic partnership between Bit2Me and Huobi Ventures will leverage blockchain technology to reach a Spanish-speaking market of 500 million people. 19th January 2021, Madrid, Spain — Huobi Ventures, the global investment arm of Huobi Group, today announced a strategic partnership with Bit2Me, the Spanish company that offers technological financial services based on cryptocurrencies. Under this strategic partnership, Huobi Ventures will purchase tens of millions of B2M tokens, funding the company’s future growth plans. Partnership Targets Market of 500 Million The two parties will explore and execute long-term partnership opportunities, capitalizing on Huobi’s cutting-edge technology and resources and expanding its reach to Spanish-speaking … [Read More...]
RMDS Lab: A New NFT Marketplace For Science And Tech IP…
West-coast based spatial data and analytics firm RMDS Lab plans to create the first-ever dedicated science NFT Marketplace before the end of the first quarter of the year. Related Reading Bitcoin Revisits $44k As Exchange Outflows See Uptick RMDS Lab is known as a data and artificial intelligence (AI) platform based in California, and founded by IBM’s former chief data scientist Alex Liu in 2009 to create a global community of data scientists and researchers, and to promote scientific innovation through data and AI. As NFTs increased in popularity, RMDS says ‘a huge demand for NFT minting and listing’ played a part in RMDS’ decision to create a way to sell NFTs for research and technology-associated IP. ETH: Ethereum is leading coin on … [Read More...]
ZoidPay Chrome Extension Lets Shoppers Buy with Crypto on Amazon, eBay and 40M+ Online Retailers
console.debug(‘TRINITY_WP’, ‘Skip player from rendering’, ‘is single: , is main loop: 1, is main query: 1’);console.debug(‘TRINITY_WP’, ‘trinity_content_filter’);Press Release: The ZoidPay Chrome extension will allow users to spend their cryptocurrencies on products, pay subscriptions, and even book flights with 40+ million online retailers. October 18th, 2021, Bucharest, Romania — ZoidPay has announced the launch of its Chrome Extension, allowing millions of users to shop using various cryptocurrencies with all online merchants across the world. Shop Easier than Ever Before The ZoidPay Chrome Extension is platform agnostic, letting shoppers connect to it using any digital wallet. Currently being rolled out in phases, the Chrome Extension will be available globally by November 2021. It promises to bridge the gap in making crypto adoption mainstream. Users can choose from any major … [Read More...]