Author: Digicoinvision
Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked on a journey that would lead him to become one…
One of the challenges when creating a new cryptocurrency is figuring out what the distribution model is going to be. Who is going to receive the currency units, at what time, and what is the mechanism that decides? Despite the crucial importance of this question, there has actually been comparatively little thought into the issue compared with other aspects of currency, like consensus algorithms and feature sets. The question is particularly challenging because, just like many other problems in the cryptocurrency space that have parallels in the “real world” at large, cryptocurrencies also face the requirement of decentralization: it is…
The US Securities and Exchange Commission streamlining the approval process for crypto exchange-traded products (ETPs) may trigger a surge of new offerings, but that doesn’t guarantee their success, a crypto executive warns.“The adoption of generic listing standards — which could come as early as October — will likely usher in a ton of new crypto ETPs. This is intuitive, but it’s also backed up by ETF history,” Bitwise chief investment officer Matt Hougan said in a report on Monday.However, Hougan warned that the launch of a crypto ETF should not be confused with renewed hype for cryptocurrency. Crypto ETFs’ “mere existence”…
The US Securities and Exchange Commission streamlining the approval process for crypto exchange-traded products (ETPs) may trigger a surge of new offerings, but that doesn’t guarantee their success, a crypto executive warns.“The adoption of generic listing standards — which could come as early as October — will likely usher in a ton of new crypto ETPs. This is intuitive, but it’s also backed up by ETF history,” Bitwise chief investment officer Matt Hougan said in a report on Monday.However, Hougan warned that the launch of a crypto ETF should not be confused with renewed hype for cryptocurrency. Crypto ETFs’ “mere existence”…
Join Our Telegram channel to stay up to date on breaking news coverage PayPal is about to make crypto transfers in the US easier with one-time payment links for Bitcoin, Ethereum, PYUSD, and other tokens. Users will be able to generate a single-use link in the app to send payments via text, email, or direct message, according to a press release. Links expire after ten days, and transfers between friends and family via PayPal and Venmo are exempt from 1099-K reporting, meaning users won’t have to file extra tax forms for these transactions. The move signals a push to makes…
The US Securities and Exchange Commission streamlining the approval process for crypto exchange-traded products (ETPs) may trigger a surge of new offerings, but that doesn’t guarantee their success, a crypto executive warns.“The adoption of generic listing standards — which could come as early as October — will likely usher in a ton of new crypto ETPs. This is intuitive, but it’s also backed up by ETF history,” Bitwise chief investment officer Matt Hougan said in a report on Monday.However, Hougan warned that the launch of a crypto ETF should not be confused with renewed hype for cryptocurrency. Crypto ETFs’ “mere existence”…
Key Takeaways Why are traders bullish on Ripple? XRP held $2.94 Fibonacci support, with a Binance Long/Short Ratio at 3.34 and 76.94% traders positioned long. What signals support further upside for the XRP price? Exchange outflows hit $66.84 million in 48 hours, suggesting accumulation, while RSI at 54 and EMA support favor a potential rally toward $3.64. With a 2.50% price uptick, Ripple [XRP] maintained its upside momentum by sustaining its recent breakout. Meanwhile, growing bullish sentiment among investors and traders pointed to a potential reversal from the current level. At press time, XRP traded near $3.03, up 2.50% over…
Ethereum price started a fresh decline below $4,620. ETH is now trading below $4,620 and might extend losses if it stays below $4,585. Ethereum is now correcting gains below the $4,620 zone. The price is trading below $4,600 and the 100-hourly Simple Moving Average. There is a bearish trend line forming with resistance at $4,580 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it settles above $4,580 and $4,620. Ethereum Price Faces Hurdles Ethereum price started a fresh decline after it failed to stay above the $4,650 zone, like Bitcoin.…
Canadians just got a bold new way to earn passive income, as Coinbase unveils weekly 4.1% USDC rewards—paid automatically with zero lockups or restrictions. Coinbase Rolls out Weekly USDC Rewards in Canada Crypto exchange Coinbase (Nasdaq: COIN) announced on Sept. 16 that Canadians can now earn rewards on holdings of USD Coin (USDC). The company […]
Defiance ETFs filed applications for Bitcoin and Ethereum related market-neutral exchange-traded funds (ETFs) called NBIT and DETH that execute a hedge fund arbitrage strategy.Bloomberg senior ETF analyst Eric Balchunas shared the filings on Sept. 16, noting that the funds operate a strategy of buying spot crypto assets while shorting futures contracts to capture premiums.The funds will purchase spot Bitcoin and Ethereum ETFs like BlackRock’s IBIT and ETHA, while simultaneously shorting futures contracts to profit from price differentials.Bloomberg ETF analyst James Seyffart documented Ethereum basis trades delivering gross annualized returns averaging around 10% during stable market conditions.At the same time, Bitcoin…