Category: crypto

South Africa’s central bank has determined that there is no immediate need for a retail central bank digital currency (CBDC). The bank will focus on strengthening core financial infrastructures and expanding access to financial services. The country is also facing risks from the surge in stablecoins and cryptocurrencies, prompting the central bank to work on…

Cardano’s recovery hinges on breaking through a resistance level at $0.53 amid weak money flows and split sentiment on its long-term viability. Technical indicators show conflicting signals, with RSI bullish divergence but negative Chaikin money flow. The upcoming Midnight sidechain launch and stablecoin plans contrast with criticisms and uncertain future rankings.

Ark Invest increased its positions in Coinbase, Block, Circle, and other crypto-linked stocks as sector valuations dropped during a market pullback. The firm purchased shares in Bullish, Robinhood Markets, and its Ark-21Shares spot bitcoin ETF, raising its overall exposure to crypto-linked equities amidst a broader downturn in the market.

AI trading bots automate 24/7 forex strategies but struggle with volatility, requiring strict testing and risk limits. Experts recommend continuous monitoring, stop-loss orders, and small position sizes. MT4 and MT5 platforms are popular, with VPS infrastructure crucial for low-latency execution. Industry analysis suggests active oversight to mitigate risks.

CME Group suspended trading of various asset classes due to a cooling issue at a data center. This impacted major market indices, currency pairs on EBS, and led to outdated futures prices and quotes for commodities. The outage also affected the EBS foreign exchange platform, causing disruptions for traders.

Arthur Hayes predicts that equity price discovery will move to 24/7 crypto perpetual markets, putting pressure on traditional exchanges as regulations become more crypto-friendly. He believes that perpetual swaps offer advantages over dated futures, with equity perpetuals expected to gain volume on permissionless crypto platforms by the late 2020s.

Analysts predict that XRP, Chainlink, and Cardano could be winners as the Federal Reserve ends quantitative tightening and manufacturing PMI moves above 50, similar to patterns seen in 2019. Dan Gambardello links altcoin bullish phases to these events, with the current cycle ending soon. The three altcoins show potential based on historical data and technical…

Nasdaq’s ISE is requesting the SEC to increase iShares Bitcoin Trust options limits to one million contracts, allowing for larger institutional hedging but potentially more volatility. This proposal would move the trust into a top derivatives tier alongside major companies and indexes, benefiting market makers and structured products. The SEC has not made a decision…

Switzerland will adopt a crypto-asset reporting framework in law from 2025 but delay sharing tax data with other countries until at least 2027. The delay is due to discussions on partner states receiving Swiss crypto account data. The U.S. is considering joining the framework, while some countries remain outside the agreement.

BNB ranks first on LunarCrush AltRank, showing strong social activity despite weak whale demand and discounted prices. VanEck’s proposed BNB ETF and CZ’s support have boosted social chatter, with analysts watching for sustained price recovery. BNB continues to perform well on AltRank, indicating strength in social metrics and price performance relative to Bitcoin.