Hot Topics

Advertisement

Advertisement

Strong Technical Trading Dominating ETH/USD: Sally Ho's Technical Analysis 17 September 2020 ETH

Ethereum (ETH/USD) traded very technically early in today’s North American session as the pair depreciated to the 376.24 area after trading as high as the 384.97 area during the European session, right around the 38.2% retracement of the appreciating range from 215.16 to 488.95.  The pair again tested the technically significant 384.36 area early in the North American session, and upside momentum emerged right around the 363.40 area during the Asian session.  The buying pressure around this area reinforced the technical significance of the 364.49 and 365.56 levels.   Traders are observing that the pair continues to oscillate around the 50-bar...

Read More

Phemex Adds 7 New Perpetual Contracts to Its Platform

Phemex, one of the fastest growing derivatives exchanges on the cryptocurrency market, just listed 7 new perpetual contracts on its platform.  Released in November 2019, Phemex already reached an average trading volume per day of $574,000,000 and is one of the top 10 Derivatives Exchanges listed on CoinMarketCap. Phemex aims to promote trustworthiness and simple trading in the world of cryptocurrency. The platform offers both spot and contract trading services and is one of the first in the industry to work on a membership model.  Zero Trading Fees and Up To 100x Leverage Through the low-cost membership model of Phemex,...

Read More

Supported by 10667.70 Bids, BTC/USD Eyes 11220.32: Sally Ho's Technical Analysis 17 September 2020 BTC

Bitcoin (BTC/USD) added to its recent ascent early in today’s Asian session as the pair traded as high as the 11099.95 area after continued buying pressure through yesterday’s North American session saw Stops elected above the 10952.92 area.  This level represents the 50% retracement of the recent depreciating range from 12086 to 9819.83.  The next upside retracement levels in this depreciating range include the 11220.32 and 11551.18 areas, and Stops are likely in place above these areas.  Traders also observed some Stops being triggered above the 11026.96 area, representing the 61.8% retracement of the depreciating range from 13868.44 to 6430.00.  Also, the...

Read More

So-called “sand dollar“ to be released as a CBDC in the Bahamas this year

Even though China has been developing its digital currency backed by the state of this past year, the Bahamas looks like they are going to become the first country in the world to actually release one.  They recently announced that it would launch a central-bank digital currency in October this year. Even though China has been developing its digital currency backed by the state of this past year, the Bahamas looks like they are going to become the first country in the world to actually release one. They recently announced that it would launch a central-bank digital currency in October...

Read More

Bitcoin and Cryptocurrency Mining – Facts, Figures, and the Path to Long-Term Sustainability

Bitcoin mining is about 12 years old (2020), and as the activity trudges on in its role of maintaining the cryptocurrency’s network, a lot is changing. Despite the overt sheer dynamism, not much change is happening now in a way that might influence the sustainability of the industry in the long-term. However, this is bound to change. The big debate about the sustainability of the Bitcoin and cryptocurrency mining industry is raging. While a cross-section of industry experts thinks that the time for a complete overhaul is nigh, still, the alternative school of thought holds that the status quo should...

Read More