Author: NBTC
Crypto exchange BitMEX has introduced automated trading bots with customizable options for different trading strategies. Seychelles-based cryptocurrency exchange BitMEX is expanding its offerings with the launch of automated trading bots that enable users to implement customizable strategies for trading. In an Oct. 10 press release shared with crypto.news, BitMEX said that the so-called “Trading Bots” tool is designed to implement predefined strategies or react to market signals. The platform provides two tiers of Trading Bots: Basic Bots, intended for new traders, enable automated trading setup, while Advanced Bots cater to more experienced users, offering a range of configuration options, including…
Bitcoin recovers above $62,000 following the Federal Reserve’s dovish interest rate decision. Lookonchain chart shows how the Federal Reserve Rate has impacted Bitcoin’s price. Ki Young Ju, founder of CryptoQuant, posted on Twitter that institutions are no longer aggressively shorting Bitcoin. Bitcoin (BTC) extends recent gains and trades above $62,000 at the time of writing on Thursday, following a 2.4% increase the previous day after the Federal Reserve’s (Fed) dovish decision to cut interest rates by 50 basis points. On-chain metrics shared by Ki Young Ju, founder of CryptoQuant, further indicate signs of BTC strength. Bitcoin’s reaction to Fed rate…
Market veteran Benjamin Cowen highlights Ethereum cyclical breakdown patterns in 2016 and 2019, predicting a repetition in Q4 2024. He recently shared Ethereum’s ETH/USD monthly candles showing similar behavior, with a breakdown against Bitcoin (ETH/BTC) happening a third time, in similar circumstances as 2016 and 2019. Ultimately, the question remains: will ETH/USD fall further to align with history? Historical ETH/BTC Breakdowns According to Cowen’s chart, in Q4 2016, Ethereum experienced its first major ETH/BTC breakdown, followed by a drop in ETH/USD the following months. This move coincided with Ethereum breaking through a green regression curve, which notably acted as a…
Today, enjoy the Forward Guidance newsletter on Blockworks.co. Tomorrow, get the news delivered directly to your inbox. Subscribe to the Forward Guidance newsletter. Structural sticky inflation is here Today’s inflation data tells a story of sticky prices that are going to have a lot of trouble coming down and getting us back to the 2% target. Off the top, the key data points vs. expectations: Core CPI MoM: 0.3% actual, 0.2% expected Core CPI YoY: 3.3% actual, 3.2% expected Headline CPI MoM: 0.2% actual, 0.1% expected Headline CPI YoY: 2.4% actual, 2.3% expected As we can see, the CPI print…
As revealed thanks to data from Shibariumscan, the number of new accounts added to Shibarium, the layer-2 blockchain rollup designed for the ecosystem around popular meme-inspired cryptocurrency Shiba Inu (SHIB), has seen a staggering increase over the last day of September. In just 24 hours, the number of new accounts literally jumped 2,350%, from 20 new accounts per day to 470. The reason for such a parabolic increase remains unknown, but as a result, the total number of active accounts on the Shibarium network has reached 943. Of course, this surge in activity had a ripple effect on other blockchain…
Texas regulators have issued an emergency cease-and-desist order against two individuals accused of promoting a fraudulent cryptocurrency investment scheme. The alleged scheme, tied to Trage Technologies, promised high returns on digital asset arbitrage trading but is accused of misleading investors. Authorities claim the company falsely asserted SEC registration and used illegal multilevel marketing tactics, posing significant risks to retail investors. Texas Issues Cease-and-Desist Order Over Alleged Cryptocurrency Investment Fraud Texas Securities Commissioner Travis J. Iles filed an Emergency Cease and Desist Order on Thursday against Darrell Porter and Eric Ture Muhammad for allegedly promoting illegal crypto investments. The order claims…
WazirX has selected 10 creditors to form a Committee of Creditors (CoC), but the process has raised some transparency concerns among investors on X. The identities of the members remain anonymous, as stated by the company earlier. Despite the company commencing its restructuring process, India is struggling to compete with its Asian peers in crypto growth. WazirX has formed an ‘anonymous’ 10-member CoC Indian crypto exchange WazirX has included 10 creditors in its Committee of Creditors (COC). The identity of the 10 CoC members has not been revealed, leading to some investors questioning the transparency of the process. According to…
Cleanspark, a publicly traded bitcoin mining company, announced this week that it has reached an operational hashrate of 30 exahash per second (EH/s). The company expects to surpass 37 EH/s by the end of 2024 and aims for further growth to 50 EH/s in 2025. Cleanspark Now Operates 30 EH/s of Computational Power According to the announcement, Cleanspark‘s (Nasdaq: CLSK) hashrate has surged by 200% since October 2023, driven by organic growth and acquisitions. The company’s recent fleet upgrade improved efficiency by nearly 20%, boosting the number of operational machines by 112%. This strategy, the company noted, has allowed it…
The price of Ethereum (ETH) has remained below the moving average lines and above the crucial support level of $2,300 since the price drop on October 3. Long-term analysis of the Ethereum price: bearish On October 7, Ether was rejected as buyers tried to hold the price above the moving average lines. Doji candlesticks are forming below the moving average lines. The conclusion is that the price will remain stationary while the sideways movement continues. The largest altcoin is worth $2,458 and is just above key support. If Ether loses its critical support at $2,300, it will fall to the…
USDT, the largest stablecoin in the crypto market, has marginally lost its peg to the U.S. dollar, trading at less than $1 since September 30. Analysts believe this is a byproduct of large outflows from China as crypto investors turn to the national stock market to participate in the bull run following the announcement of stimulus measures. USDT Trades at Less Than $1: China Might Be the Culprit USDT, the leading dollar-pegged stablecoin with a market capitalization of nearly $120 billion, may be facing challenges as the crypto economy in China turns away from the crypto market. The stablecoin has…