join us telegram A channel to stay up to date on breaking news coverage After three months of declines, U.S. stocks rebounded in November on better-than-expected earnings and signs of declining inflation. These factors have fueled belief that the Federal Reserve may be finished tightening its monetary policy. Recent comments from Federal Reserve Chairman Jerome Powell have further boosted market confidence as he pledged a cautious approach to interest rates. He signaled a shift to a more cautious stance, highlighting the balancing risks of excessive austerity and insufficient inflation controls. Jeffrey Roach, chief economist at LPL Financial, highlighted the market’s…
Author: Crypto Flexs
The Securities and Exchange Commission (SEC) has been ordered by Utah’s top federal judge to account for statements made in its efforts to enforce and maintain a temporary restraining order (TRO) against cryptocurrency company DEBT Box, new court filings show. TRO was dissolved last October after Judge Robert J. Shelby, chief judge of the U.S. District Court for the District of Utah, found some of the SEC’s statements calling the order “false or misleading.” The SEC alleged that at the time, DEBT Box was in the process of actively moving assets overseas to escape the SEC’s jurisdiction, and closed bank…
Tokens like GFY, TRUCK, GROK and recent statements related to Musk’s products have appeared on Ethereum and other blockchains.
Chainlink (LINK) has been one of the most popular tokens in recent weeks due to a combination of overall positive price movement and interesting on-chain developments. Following recent heavy buying in the LINK market, cryptocurrency analyst Ali Martinez took to social media platform X to provide insight into the token’s potential price action. 29,000 wallets purchase 295 million LINK, forming the main support level. Ali, August 11th Posted X reports that Chainlink has established a strong support area between $6.63 and $6.88 as approximately 29,000 addresses purchased more than 295 million LINK at this price range, based on data from…
Recent data shows that Blast, a new layer 2 (L2) blockchain platform, has a significant valuation of $660 million within the decentralized finance (defi) protocol. At the same time, we began looking for an experienced senior blockchain developer while accumulating various cryptocurrency assets.advertising L2 Blast project searches for developers as it seeks to raise $660 million. Recently, explosion It emerged as a point of interest. This project pacmanBlur, the company behind the non-fungible token (NFT) marketplace Blur, is quickly gaining attention. In less than a week, the platform’s total fixed value (TVL) soared to around $400 million. At the same…
An explanation of market manipulation in the cryptocurrency space In the cryptocurrency space, market manipulation refers to the intentional use of various fraudulent strategies to artificially increase or decrease the price of a cryptocurrency. One of the signs of market manipulation includes sudden and unusual price increases or decreases that are unrelated to important news or trends. Abnormally high trading volumes concentrated over a short period of time may indicate attempted manipulation, especially when combined with surges of social media excitement or well-coordinated online conversations.Moreover, persistent irregularities or opaque trading practices in the market may indicate manipulative activities, which may…
Binance warns of stablecoin delisting in EU, cryptocurrency exchange backed by influencers arrested in Hong Kong, you’ll never guess what you’ll find in a Venezuelan jail! This week we bring you these stories and more in cryptocurrency. Bitcoin surpasses August mark. Bitcoin continued its upward trend, surpassing $27,000 for the first time since August. The altcoin market also showed an upward trend with Solana, Bitcoin Cash, and Litecoin rising by 8% in two days. Buying pressure comes with the announcement that the Federal Reserve will stop raising interest rates, encouraging investors’ risk appetite. Binance may delist stablecoins in the EU…
An archipelago in the middle of the Atlantic Ocean is looking for startups and tech talent to fuel economic growth. Web3 entrepreneurs are flocking to the area.Portugal’s Madeira archipelago has been praised for its natural beauty, but its aging population and desperate need for a more diversified economy have prompted local governments to explore emerging technologies such as blockchain. Emerging technology companies account for nearly 30% of companies in the Madeira Free Trade Zone, according to Rogerio Gouveia, Finance Minister of the Madeira Regional Government. This region is a special economic zone that offers tax benefits to businesses, including the…
Bitcoin (BTC) briefly reached $38,000 on November 24, but faced tremendous resistance at that price level. On November 27, the price of Bitcoin was trading below $37,000, unchanged from a week ago. What is eye-catching is the unwavering strength of BTC derivatives, a sign that the bulls remain steadfast in their intentions.An interesting development is unfolding in China as Tether (USDT) is trading below its fair value in terms of the local currency, the Yuan. This mismatch often arises because of different expectations between professional traders engaged in derivatives and retail customers participating in spot markets.How have regulations affected Bitcoin…
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