Author name: Peter

Ethereum Price Analysis: Bearish and Bullish Signals in the Market

Introduction As of Dec. 18, 2023, the price of ethereum (ETH) is exhibiting a complex interplay of bearish and bullish signals across various technical indicators. This article will analyze the 4-hour and daily charts, oscillators, and moving averages to provide insights into the current market trajectory of ethereum. 4-Hour Chart Analysis The 4-hour chart analysis […]

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Bitcoin and Ethereum Experience Modest Declines as 16 Crypto Assets Record Double-Digit Gains

The Crypto Market Overview Over the past week, both bitcoin and ethereum have seen slight declines, ranging from 1.8% to 3.6%, when compared to the U.S. dollar. However, amidst these declines, several crypto assets have showcased impressive double-digit growth. Notably, internet computer (ICP), helium (HNT), bonk (BONK), and woo network (WOO) have emerged as the

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Bank of China Completes First Precious Metal Digital Yuan Settlement

Bank of China Completes First Cross-Border Precious Gold Transaction With Digital Yuan The Bank of China's Shanghai branch has made history by successfully completing the first settlement of precious metals using the digital yuan. This groundbreaking transaction took place on December 19 and involved the Shanghai Gold Exchange closing a $14 million precious metal trade

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Renowned Economist Harry Dent Predicts Severe Financial Crash in 2024

Introduction In a recent interview with Fox News, Harry Dent, a well-known economist, issued a dire prediction for the global economy. He anticipates that 2024 will be the year of the most significant financial crash in living memory. Dent's analysis, based on overvalued markets, excessive stimulus spending, and artificial inflation of asset prices, paints a

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Optimizing Bitcoin Mining Operations: The Importance of Energy Cost

Introduction As the halvening approaches, Bitcoin mining operators are faced with a crucial challenge. The outcome of this battle could make or break their bets made during this Bitcoin epoch. The looming question is not only how to weather this event but where to position themselves strategically. While building and operating an efficient fleet of

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Grayscale Clarifies Investor Tax Implications of a Cash-Created Spot Bitcoin ETF

Grayscale Addresses Taxation Concerns Grayscale, one of the largest cryptocurrency asset management firms in the world, has provided clarity on the tax implications of adopting a cash creation model for a forthcoming spot bitcoin exchange-traded fund (ETF). The company has stated that there will be no disadvantage for a grantor trust-based spot bitcoin ETF in

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NitroBetting.eu Launches Bitcoin Spot ETF Betting Lines

Introduction NitroBetting.eu, a leading Bitcoin-exclusive sportsbook, has introduced a groundbreaking prediction market called Bitcoin Spot ETF betting lines. This unique market focuses on the potential approval date of the SEC's Spot ETF and speculation on which ETF sponsor will be the first to receive approval. The published odds indicate that the market believes there is

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Hashkey Capital Singapore Receives Full Capital Markets Services License from MAS

Introduction Reflecting Singapore's progressive stance on digital assets, the Monetary Authority of Singapore (MAS) has awarded Hashkey Capital Singapore a full Capital Markets Services license, enabling the firm to enhance its fund management services and contribute significantly to the burgeoning blockchain community. Hashkey Capital Singapore's Milestone: Full CMS License from MAS In yet another positive

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Firms Optimistic about SEC Approval of Spot Bitcoin ETFs, says Fox Business

Financial firms are feeling confident that the Securities and Exchange Commission (SEC) will approve spot Bitcoin Exchange-Traded Funds (ETFs) after January 8, 2024, according to Charles Gasparino of Fox Business. Gasparino's post also highlighted that Bitcoin ETF shares will only be purchasable with cash, as the SEC is concerned about the potential for money laundering

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