Author name: Peter

Shiba Inu and XRP: The Dynamics of Modern-day Cryptocurrencies in Volatile Trading Sessions

The ever-changing landscape of cryptocurrency markets witnessed significant shifts at the start of the week with prominent cryptocurrencies like Shiba Inu and XRP expressing contrasting behavior. These variances in the value of digital assets exemplify the volatility and inherent high-risks associated with the growing crypto-sphere. The Shiba Inu crypto's response to escalating geopolitical tension The […]

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Global Market Instabilities in the Wake of Israeli Uncertainties – the Impact on US Stocks, Cryptos, and Commodity Trading

Stress signals rippled across financial market structures on a grim Monday marred by a sharp slump in the US's major financial indices. This slide, credited to the escalating Israeli-Hamas conflict, double-shocked an already strained crypto sphere, causing a 1.8% dip against the US dollar. On a lighter note, the burgeoning tensions nudged a surge in

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Unraveling Estonia’s Infamous Crypto Realm: A Haven for Fraud and Money Laundering?

There is a claim that Estonia, once known for its liberal crypto licensing procedure, was taking advantage of by scrupulous individuals to commit a wide range of crimes, from investor fraud to money laundering. A comprehensive investigation report reveals numerous instances of these illicit activities. After the implementation of stricter rules, most of these offenders

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Bitcoin and Gold: A Safe Haven Amidst Potential U.S. Dollar Fall

A potential downturn in the U.S. dollar could spell a surge for Bitcoin and gold, an economic prediction by financial powerhouse Jefferies suggests. The firm, which operates across four continents, foresees an inability by the Federal Reserve and G7 central banks to adequately retract their unconventional monetary policies. This situation could effectively set the stage

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Deciphering the Intricate Relationship Between Bitcoin, Gold, and China

Recently, the correlation between Bitcoin and gold has been thrust into the spotlight, shedding light on an interesting dynamic between two popular alternatives for traditional fiat currency. Contrastingly, China’s relationship with gold is shifting as it leverages its assets to protect its currency. These concurrent trends illuminate an evolving narrative in the financial world. This

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Bitcoin’s Market Stability in Focus as Fear and Greed Index Marks Equilibrium

Bitcoin demonstrates stability beneath the $28K mark on October 8, 2023, endorsing a minor leap from the preceding week by 2.6%. The Crypto Fear and Greed Index (CFGI) seems well-poised at a balanced figure of 50 on its 100-point scale, affirming identical standings throughout the week. Furthering the poised conception, Bitcoin's price pattern showcases consolidation

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Exploring the Seven-Week Downtrend of Non-Fungible Token Sales

The sales of non-fungible tokens (NFTs) have continued to slide for the seventh consecutive week. This pattern has overseen total NFT transactions declining to $66.11 million in the last week, marking an 11.65% dip from the previous week's figures. The Wider Cryptocurrency Market Contrasts NFT Trends Despite an overall uplift in the broader cryptocurrency market,

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Attack on Stars Arena: Blockchain Platform Endures $2.9 Million Breach

Stars Arena, a pioneering on-chain social application developed on the Avalanche blockchain, was victimised by malicious hackers to the tune of $2.9 million. The cyberattackers successfully exploited a flaw in the smart contract protocols of the app, leading to substantial loss of funds. However, the team at Stars Arena has immediately taken action, proclaiming that

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Understanding ADA: An Insight into the Prominent Blockchain Network Cardano

Ranked as the eighth-largest cryptocurrency by market capitalization on October 6, 2023, Cardano – usually denoted by its ticker ADA, has been instrumental in determining the shape of the evolving digital currency ecosystem. Worth over $9 billion and contributing a significant 0.817% to the $1.08 trillion digital currency market, ADA has been gaining recognition as

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Chainalysis Initiates Another Wave of Crypto Job Reduction Amidst Industry Challenges

Chainalysis, a leading firm in the field of blockchain forensics, has announced another significant trimming of its workforce. This action comes hot on the heels of the firm's previous round of layoffs conducted earlier the same year. This news is set against the background of a turbulent time for the whole sector, with multiple organizations

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