The United States government, along with some private sector players, are calling for a more detailed Bitcoin (BTC) regulation to help prevent the use of cryptocurrency as ransomware payments. According to an inside source to Reuters, a panel of experts comprising of the FBI, the US Secret Service, and some tech and security companies, are […]
Some weeks ago, Binance released its commission-free tradable stock tokens to help link the cryptocurrency industry and Wall Street. However, a top German financial regulator, BaFin, has warned that Binance could face heavy fines and scrutiny for offering security tokens without publishing the investor prospectus. Upon launch, the behemoth exchange announced that it would allow […]
It is time for investors to take the prospect of higher inflation seriously and with that in mind we select US drug company Vertex Pharmaceuticals (VRTX) as one of our stock picks this week. Inflation is something investors haven’t had to worry about for a while and might be forgiven for thinking the current chatter […]
AUDUSD Price Analysis – April 29 The AUDUSD pair fell from one-month highs of 0.7817 to register a low at 0.7773 at the time of writing and was last seen floating near the lower end of its daily trading range during the European session. The recent rebound in US bond yields can be counted as […]
Key Resistance Levels: $0.45, $0.46, $0.47Key Support Levels: $0.25, $0.20,$0.15 DOGE/USD Long-term Trend: RangingDOGE price has managed to reach the high of $0.34 but it is fluctuating below the $0.35 high. The crypto has the prospect of rising on the upside as it is above the moving averages. In the previous price action, the altcoin […]
Uniswap Price Analysis – April 29 In case the resistance level of $44 holds, the price will retest the support level at $37 which may extend to $30 and $26 support level. When the bulls increase pressure to break up the resistance level of $44, Uniswap price may increase to $50 and $63 price level. […]
Resistance Level: 7500, 7600, 7700Support Level: 7300, 7200, 7100 FTSE 100 (UKX) Long-term Trend: BullishUKX is in an uptrend as bulls battles the resistance at level 7000. In the first uptrend, the bulls were repelled at level 7050 as the index plunged to level 6857.10. Buyers have resumed the second upward move. Meanwhile, on April […]
The decline in Treasury yields was the key reason for the US dollar’s weakness for much of April. Strong US economic growth in the coming quarters, market expectations of a federal fund rate hike, and the Fed’s QE cutback strategy may increase the Treasury yields and help the dollar once more. Given the potential for […]
As the government of South Korea continues to hold an unfriendly stance towards cryptocurrency, domestic traders have erupted in anger over the recent statements from the Chairman of the Financial Services Commission (FSC), Eun Sung-soo, and are calling for his resignation. The Korean presidential website has gotten flooded with thousands of petitions from irate, mainly […]
