Cardano price analysis: ADA continues bearish run below $0.40 demand zone

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• SEC not likely to approve spot Bitcoin ETF, former SEC chief says

  TL;DR Breakdown John Reed Stark says the Securities and Exchange Commission will unlikely approve a spot Bitcoin ETF. The former SEC chief, however, said that if a Republican wins the elections, the agency will reduce crypto scrutiny. Description The possibility of a Bitcoin exchange-traded fund (ETF) focused on spot trading gaining approval from the U.S. Securities and Exchange Commission (SEC) appears unlikely, according to John Reed Stark, the former head of the agency’s Office of Internet Enforcement. In a recent post on X, Stark expressed his belief that due to various strong justifications, … Read more The possibility of a Bitcoin exchange-traded fund (ETF) focused on spot trading gaining approval from the U.S. Securities and Exchange Commission (SEC) appears unlikely, according to John Reed Stark, the former head of the agency’s Office of Internet Enforcement. In a recent post on X, Stark expressed his belief that due to various strong justifications, the present SEC administration is unlikely to give the green light to a Bitcoin spot ETF application. SEC’s continued crypto scrutiny might depend on the 2024 elections While Stark…

  Article 2023年8月14日

• Jerome Powell plays bonds traders with this strategy

  Description Jerome Powell, the enigmatic chair of the Federal Reserve, once again proves he’s a mastermind at keeping bond traders on their toes. With a series of strategic maneuvers, Powell has set the stage for an unpredictable dance with the bond market that’s keeping every trader in suspense. A Game of Strategy Amid Uncertainties The central … Read more Jerome Powell, the enigmatic chair of the Federal Reserve, once again proves he’s a mastermind at keeping bond traders on their toes. With a series of strategic maneuvers, Powell has set the stage for an unpredictable dance with the bond market that’s keeping every trader in suspense. A Game of Strategy Amid Uncertainties The central bank is in a powerful position, with Powell at its helm, making the bond market uncertain about its next move. Such a setup benefits the Fed by allowing them to tweak policy based on unfolding economic metrics, ensuring no abrupt disturbances in the vast fixed-income arena. During a recent address in Wyoming, Powell subtly hinted at the Federal Reserve’s readiness to tighten its reins to curb…

  Article 2023年8月27日

• Crypto to bank made easy: Binance’s ‘Send Cash’ shakes up Latin America

  TL;DR Breakdown Binance has launched “Send Cash,” a new service that enables crypto to bank account transfers in nine Latin American countries, initially starting with Colombia and Argentina. The service is part of Binance’s broader strategy to promote financial inclusion in Latin America, where 42% of adults lack access to traditional banking. The launch follows Binance’s recent partnerships with regional payment providers and signifies a shift in focus towards developing its own platforms, rather than relying on traditional financial systems. Description Binance, the world’s leading cryptocurrency exchange, announced the launch of “Send Cash,” a new service to facilitate crypto-to-bank account transfers in Latin America. The service, which became operational on August 29, is available to users in nine countries, including Colombia, Honduras, Guatemala, Argentina, Costa Rica, Paraguay, the Dominican Republic, Panama, and Mexico. Initially, the service … Read more Binance, the world’s leading cryptocurrency exchange, announced the launch of “Send Cash,” a new service to facilitate crypto-to-bank account transfers in Latin America. The service, which became operational on August 29, is available to users in nine countries, including Colombia, Honduras,…

  Article 2023年8月30日

• Major China banks instructed to shake up dollar purchases

  TL;DR Breakdown China’s central bank advises major banks to reevaluate their foreign exchange approaches to counterbalance the declining yuan. Banks are urged to delay balancing their foreign exchange positions, allowing corporations’ sizable dollar acquisitions to temporarily sit with the banks. The yuan has declined over 5% against the dollar this year, becoming one of Asia’s weakest currencies in 2023. Description The financial realm has been abuzz with reports that some of the most influential banks in China are being advised to rethink their foreign exchange strategies. These instructions, straight from the country’s central bank, are seen as a move to counterbalance the declining value of the yuan. Given the unfolding economic dynamics, this move doesn’t … Read more The financial realm has been abuzz with reports that some of the most influential banks in China are being advised to rethink their foreign exchange strategies. These instructions, straight from the country’s central bank, are seen as a move to counterbalance the declining value of the yuan. Given the unfolding economic dynamics, this move doesn’t come as a complete surprise. But let’s…

  Article 2023年9月16日

• China launches government-back Metaverse

  TL;DR Breakdown China unveils government-backed metaverse. Over 200 experts attend Nanjing 2023 Metaverse Conference. Nanxin University is confident in co-building the Metaverse platform. Jianye District pioneers government-led metaverse ecosystem. In an innovative stride towards a digitally interconnected future, China unveiled its first government-led metaverse ecosystem. This initiative marks a major step in China’s journey towards establishing itself as a pioneer in the rapidly evolving metaverse industry. All eyes are on China as they boldly take the leap forward into the exciting realm of technological innovation with this impressive launch. China unveils govt-funded Metaverse The announcement took place at the Nanjing 2023 Metaverse Application Co-creation Conference, an event marked by the confluence of scholars, business representatives, and more than 200 Metaverse technical experts from diverse institutions across China. A key figure at the event was Li Beiqun, president of Nanxin University, an institution that established the first Metaverse Engineering Department in the country in September 2022. Li expressed confidence in Nanxin University’s ability to co-build the China Metaverse technology and application innovation platform. Drawing upon the university’s history of innovation and…

  Article 2023年5月26日