Category: Latest news

[ad_1] Ripple has confirmed its partnership with Banco de la República, the Central Bank of Colombia, for pioneering initiatives in blockchain technology. The central bank and the Ministry of Information and Communications Technologies (MinTIC) will participate in a pilot program until the end of 2023 to assess “high-value payments” using Ripple’s CBDC Platform. This pilot…

[ad_1] Quick Take The incessant influx of disheartening news into the Bitcoin ecosystem continues to cast a shadow over the Bitcoin market, pushing its price further into the red. This downward trajectory is underscored by the options 25 delta skew (1-week), indicating that put options are not only trading at a premium but are also…

[ad_1] The cryptocurrency market saw net outflows of $41.5 billion over the last 24 hours and currently stands at $1.01 trillion — down 3.9% from $1.06 trillion. During the reporting period, the market caps of Bitcoin (BTC) and Ethereum (ETH) fell 4.2% and 6.5% to $482.59 billion and $196.32 billion, respectively. Over the last 24…

[ad_1] Tether’s USDT deviated from its dollar peg in the early hours of June 15, falling to $0.9979 at the time of writing, according to CryptoSlate’s data. Some traders took advantage of this opportunity, profiting by shorting USDT and setting up arbitrage trades. The price deviation was attributed to unusual DeFi liquidity pool activity, particularly on…

[ad_1] Quick Take The Fed was somewhat clear with their projections suggesting two further 25 bps rate hikes this year. However, the market is currently pricing in one 25bps hike in July and then holding for the remainder of the year. A chart created by hedge fund project manager, Super_Macro shows the Summary of Economic…

[ad_1] Quick Take Short-term holders are anyone who has held Bitcoin for less than 155 days. Yesterday, June 14, short-term holders sent 17,000 Bitcoin to exchanges at a loss, one of the highest amounts this year. On a 7-day moving average, we are in a highly elevated level of capitulation. Looking at short-term holder supply,…

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[ad_1] The SEC’s lawsuits against Binance and Coinbase created a discernable shift in the market, leading to significant changes in the exchanges’ asset balances. The lawsuits, filed on June 5 and June 6, accuse Binance and Coinbase of a variety of securities law violations. These legal encounters have created a domino effect in the legal…

[ad_1] Quick Take On this day, on June 14, 2020, the U.S. national debt was roughly $26.3 trillion, according to USdebtclock.org. Today, on June 14, 2023, the US national debt is $31.9 trillion. We are 17 days away from the U.S. national debt, surpassing $32 trillion on this current trajectory. By 2027, this current trajectory…

[ad_1] Quick Take Currently, Bitcoin is trading around $26,000, but there are a few short-term resistance levels that it is currently facing. The short-term cost holder basis is around $26,400, the average cost basis of investors who hold Bitcoin for 155 days or less. Bitcoin is also trading below the 111-day moving average and 200-week…