USD/CAD bulls eye monthly hurdle near 1.3480 amid softer Oil price, downbeat BoC talks
The US Dollar-Canadian Dollar (USD/CAD) exchange rate is pushing higher past 1.3450 as bullish traders keep the momentum going for the fourth consecutive day. This is due to a combination of factors, including the broad US Dollar strength, downbeat prices of WTI crude oil, dovish commentary from the Bank of Canada (BoC) officials, hawkish remarks […]
Revenue drops 46% in 2022 — Chainalysis
Cryptocurrency scammers faced a sharp decline in revenue in 2022, as the price of various crypto assets fell significantly throughout the year. According to a recent report from Chainalysis, crypto scam revenue amounted to just $5.9 billion in 2022 — a 46% decrease from 2021. The report attributed most of the decline in scam revenue […]
Discover the Forex Trading Tools That Can Help You Make Money
Introduction Forex trading is one of the most lucrative and fast-paced ways to make money. It is a global market that allows traders to speculate on the value of one currency against another. It is the largest financial market in the world, with a daily trading volume of more than $5 trillion. With so much […]
Crypto Mining: What You Need to Know Before You Get Started
Introduction Crypto mining is the process of verifying and adding transactions to the public ledger, known as the blockchain, and receiving rewards in the form of cryptocurrency for doing so. It is a way of generating new coins and earning rewards for helping to maintain the network. Crypto mining has become increasingly popular over the […]
6.8659 vs. the last close of 6.8550
The People’s Bank of China (PBOC) sets the exchange rate of the yuan against other currencies every day. This rate, known as the daily midpoint fix, is based on the previous day’s closing level and quotations from the inter-bank dealer. The yuan is tightly controlled on the mainland and the rate of the onshore yuan […]
Mike Novogratz Says Bitcoin Could Return to $30,000 Next Month
Galaxy Digital CEO Mike Novogratz shared his bitcoin price outlook Wednesday at a Bank of America conference. The longtime bitcoin advocate believes that BTC could return to $30,000 by the end of next month, and he wouldn’t be surprised if that happened. “When I look at the price action, when I look at the excitement […]
The Advantages of Investing Through a Stock Market Platform
Introduction Investing in the stock market can be a great way to build wealth and achieve financial freedom. But it can also be a daunting task for those who are new to the world of investing. Fortunately, there are many stock market platforms available today that make investing easier and more accessible than ever before. […]
Don’t Get Hacked: Essential Tips for Crypto Security
Introduction Cryptocurrency has become an increasingly popular way to store, transfer, and exchange value. As more people flock to the digital asset, it’s important to understand the risks associated with it, and what steps can be taken to protect yourself and your investments. Don’t get hacked: essential tips for crypto security is a guide to […]
Bears approach 11-week-old support near 0.6220
The New Zealand Dollar (NZD) has been losing ground against the US Dollar (USD) for the past four days, with the NZD/USD pair trading near a six-week low of 0.6240 at the time of writing. The pair has been on a downward trajectory since it broke the three-month-old ascending trend line, with bearish MACD signals […]
Crypto Momentum Falters as Bitcoin Retreats to $23.6K
Cryptocurrency liquidity is a critical factor for the successful functioning of the digital asset markets. It is defined as the ability of buyers and sellers to transact in a timely and cost-efficient manner. Liquidity is a key factor in determining the price of a digital asset, as it allows for efficient price discovery and helps […]