Monthly archives: August 2023

JPMorgan’s head of technical strategy is warning that the stock market may see further moves to the downside in the short to midterm. In a new CNBC interview, Jason Hunter says that JPMorgan is currently bearish on the stock market. According to Hunter, the “tide is turning” for the S&P 500 after the stock market …

Continue reading “JPMorgan Technical Strategist Flips Bearish on the Stock Market, Says Tide Is Turning for Equities”

The crypto wallet wallet linked to 1inch Investment Fund currently holds around $80 million in various digital assets. News Join us on social networks A crypto wallet belonging to the 1inch Investment Fund has bought huge amounts of Ether (ETH) a month after recently cashing out on its dollar-cost averaging (DCA) buys throughout the first …

Continue reading “1inch wallet buys $10M in ETH following a $3.7M profit streak in July”

Tinkoff Bank and Sberbank are no longer available on the list of P2P transactions on Bybit and OKX. News Join us on social networks At least two major crypto exchanges followed Binance by excluding Russian banks under international financial sanctions from their payment options. Tinkoff Bank and Sberbank are no longer available on the list …

Continue reading “OKX and Bybit remove sanctioned Russian banks from payments list”

A closely followed crypto analyst believes that Bitcoin (BTC) is setting up for one last move to the downside before the birth of a new bull market. Pseudonymous analyst Inmortal tells his 198,700 followers on the social media platform X that Bitcoin will likely see a deep corrective move close to the $20,000 level prior …

Continue reading “Crypto Analyst Predicts Final Dip for Bitcoin Before Full-Blown BTC Bull Market – Here Are His Targets”

The drought that the country experienced in the first half of 2023 resulted in higher electricity demand and lower power generation capabilities from hydropower plants. News Join us on social networks State-owned electricity distribution company Électricité du Laos (EDL) has announced that it will suspend electricity supply to crypto mining operations in the country, citing …

Continue reading “Laos halts electricity supply to crypto mining projects amid drought”

The BTC price looks frail as August comes to an end, and with Bitcoin bulls out of ammo, traders are preparing for more pain. Markets News Join us on social networks Bitcoin (BTC) starts a new week struggling with $26,000 as August becomes its worst month of 2023. BTC price strength remains dubious after a …

Continue reading “September ‘crash’ to $22K? — 5 things to know in Bitcoin this week”

India has advocated for a global crypto framework for years despite its own crypto ecosystem still lacking a clear regulatory framework and simpler taxation. News Join us on social networks Indian Prime Minister Narendra Modi has called for global collaboration on formulating crypto regulations during the annual Group of 20 (G20) summit. As president of …

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Bloomberg Intelligence’s Mike McGlone thinks we may be in for a “global economic reset” that could send Bitcoin down to $10,000. Recap Join us on social networks ‘Global economic reset’ could push Bitcoin to 2020 levels A potential “global economic reset” could see the price of Bitcoin (BTC) pushed down to a level not seen …

Continue reading “Weekend Wrap: Bitcoin could return to $10K, warns McGlone, Aptos buddies with Lotte and more”

As the Bitcoin network hash rate tops 414 EH/s, miners are struggling to stay afloat amid plummeting profitability. News Join us on social networks Bitcoin mining revenue or “hash price” — a measure of dollars earned per TH/s per day — has slumped to levels not seen since the collapse of FTX in November 2022, …

Continue reading “Bitcoin revenue per terahash nears record lows as hashrate soars”

Paul Chan says that blockchain and Web3 tech will be responsible for the next big wave of growth in Hong Kong’s digital tech sector. News Join us on social networks Hong Kong’s Financial Secretary, Paul Chan Mo-po has reiterated his support for blockchain technology, calling it the next wave of “breakthrough growth” in the digital …

Continue reading “‘Breakthrough growth’ will be driven by Web3: HK financial secretary”