Author name: Peter

Biggest Movers: XRP Hits Fresh 4-Month High, Token Climbs 50% This Week

Friday's Xrp session was again higher than usual. The token reached a 4-month high, marking the third consecutive session of record. Despite market volatility, the token that was once known as ripple has increased by more than 50% over the past seven days. Cronos, which rose by almost 15 %. was another notable mover today. […]

Biggest Movers: XRP Hits Fresh 4-Month High, Token Climbs 50% This Week Read More »

‘Investors Are Running out of Havens’ — Erratic Behavior in US Bond Markets Points to Deep Recession, Elevated Sovereign Risk

The yields on U.S. Treasuries with long maturities have been volatile this year. This week, the 10-year Treasury yield surpassed 3.5% for only the second time in a decade. The Fed's 75bps rate hike saw 10-year Treasury notes rise to 3.642%, while two-year Treasury notes rose to a record high of 4.090% after the Fed

‘Investors Are Running out of Havens’ — Erratic Behavior in US Bond Markets Points to Deep Recession, Elevated Sovereign Risk Read More »

Widespread Bitcoin Adoption, Digital Freedom Can Only Happen Through Lightning

Lighting Network adoption is helping to scale Bitcoin across the globe. It will also be crucial to protecting our digital freedoms. This opinion editorial is by Paolo Ardoino, chief technology officer at Bitfinex. Don't listen to the fearful avalanche of uncertainty, doubt and fear (FUD), which is descending from large parts of the popular media:

Widespread Bitcoin Adoption, Digital Freedom Can Only Happen Through Lightning Read More »

Bitcoin, Ethereum Technical Analysis: BTC Back Above $19,000 Ahead of FOMC Meeting

Bitcoin traded marginally higher before Wednesday's United States FOMC meeting. It is expected that the Federal Reserve would increase interest rates. Many expect the Fed to raise rates by more than 75 basis points, as inflation remains high. After briefly falling below $1300 Monday, Ethereum also rose. Bitcoin Bitcoin (BTC), was slightly higher Tuesday as

Bitcoin, Ethereum Technical Analysis: BTC Back Above $19,000 Ahead of FOMC Meeting Read More »

Chinese Currency Breaches 7:1 Exchange Rate Against US Dollar for First Time in Two Years

After touching a new low of 7.0188 Yuan per dollar in September 2022, the offshore exchange rate between China's fiat currency and the U.S. dollars recently crossed the 7:1 mark. The strengthening of the U.S. Dollar is driving the yuan's fall, just like other global currencies which have declined in 2022. The Yuan's Decreciation After

Chinese Currency Breaches 7:1 Exchange Rate Against US Dollar for First Time in Two Years Read More »