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Today, the Indian rupee currency rose in value as the country’s Finance Minister, declared government’s moves to boost the economy. Meantime, Fed Chair Powell said that the US stays in a safe place and the bank will act appropriately in the upcoming meetings.
Huobi was by far the most used exchange for withdrawals from the alleged cryptocurrency Ponzi scheme PlusToken, which has reportedly swindled over $2 billion from participants, according to new research.The post Users of alleged crypto scam PlusToken ‘heavily favored’ Huobi exchange for withdrawals appeared first on The Block.
Binance Coin (BNB) is currently trading at around $27 following an 8% dump earlier in the week. Overall, price has been on a downtrend since July, but BNB has still managed to stay above its 200-day EMA. The price of BNB came crashing down toward the end of June, dropping from around $40 to fall back below its 20-day and 50-day EMAs. Price hit a low of $24 before recovering towards the $28-$30 region. Let's take a look at the chart for BNB. Buyers are clearly supporting the $27 price level, but BNB is struggling to break the level of resistance around its 20-day EMA, with price being rejected from that level three times over the last month. With theThe post Latest Binance Coin price and analysis (BNB to USD) appeared first on Coin Rivet.
Today, long-awaited, crucial event for the future of the American Dollar – Jackson Hole Symposium. Speech from Jerome Powell to be precise. Today is the day, where we should find out the FED’s sentiment towards the USD and their outlook on the monetary policy.
Market attention might stay over Canadian June MoM Retail Sales figures. On the daily chart, ATR depicted 66 pips volatility forecast for the day.
Traki, one of the largest chains of department stores in Venezuela, is now accepting payments in ten cryptocurrencies and tokens, including bitcoin (BTC) and Binance coin (BNB), at its 49 retail stores.The post Venezuelans can now shop with crypto, including BTC and BNB, at retailer Traki’s 49 stores appeared first on The Block.
A scheduled FED Chair Powell speech from the Jackson Hole symposium is the main event of the day. He may feel Trump over his shoulder…
US Weekly Jobless Claim data and Markit PMI data release remain at the center stage for Thursday. On the Canadian side, the June MoM Wholesale Sales data will come out at around 12:30 GMT.
It’s a busy day ahead as the markets react further to the FOMC meeting minutes. Chatter from Jackson Hole may overshadow the stats…
Cable continued to stay consolidated near 1.1264 level on Wednesday. Upbeat July Canadian Consumer Price Index (CPI) remained as the primary driver that lifted the CAD currency.
The major focus for the day would remain over the July Canadian CPI data release and FOMC minutes. Since the start of August, the USD/CAD had hardly made a move below the Ichimoku Clouds until today.
Ripple is putting aside a massive 1 billion XRP tokens for content creators and artists willing to publish through Coil, a platform intended for content monetisation. The Ripple online content strategy is aiming to encourage XRP adoption in and outside the crypto market. Ripple’s grant is worth almost $260 million and comes from the company’s investment subsidiary Xpring. The funding is expected to improve Coil’s performance as the platform creators seek to increase its popularity with content creators. What is the Coil platform? Coil is a micropayments platform for content creators. The concept behind the project is simple: artists, journalists, writers, and other people who create content should be able to monetise their work without intermediaries. The platform aims toThe post How Ripple is funding online content appeared first on Coin Rivet.
On the weekly chart, the USD/CAD pair had recently crossed below a 1-year old slanting support line, signaling reversal trend. Later today, the market would witness the release of the API Weekly Crude Oil Stock Change calculated since August 16.
The RBA looks set to hold on rates near-term. For the day ahead, a lack of stats will leave the markets exposed to any trade war chatter.
Fidelity Charitable, the financial services giant’s charity unit, is now accepting XRP, the world’s third-largest cryptocurrency, for donations. Until now, the unit accepted only four cryptocurrencies - bitcoin (BTC), bitcoin cash (BCH), ether (ETH) and litecoin (LTC), having launched the form of donation back in 2015, according to an announcement shared with The Block late […]The post Fidelity’s charity unit includes XRP to its list of accepted cryptos for donation; hits $100 million-mark appeared first on The Block.
On the weekly chart, the USD/CAD pair was heading upwards, targeting the center line of the Bollinger Bands. Today, traders can take a back seat as the economic calendar lacks significant USD-specific and CAD-specific events.
Spanish banking giant Santander is preparing to launch a new remittance service in Latin America, using Ripple’s xCurrent solution, which does not use XRP cryptocurrency like its xRapid solution.The post Santander bank using Ripple’s xCurrent solution for upcoming remittance service in Latin America appeared first on The Block.
Cryptocurrency exchange Poloniex is today removing 23 trading pairs of cryptocurrencies due to “low volume.” The pairs include litecoin (LTC)/ monero (XMR), DASH/XMR, Zcash (ZEC)/XMR and Civic (CVC)/ ether (ETH), among others, as announced on Twitter on Thursday.The post Poloniex exchange removing 23 crypto trading pairs, citing ‘low volume’ appeared first on The Block.
US July Housing Market data releases would remain as the critical point of interest for traders today. On the daily chart, the Loonie pair was heading to the south side, recalling the Death Cross of mid-July.
Ripple's investment subsidiary Xpring has granted 1 billion XRP to Coil, a micropayments platform for content creators, aiming to drive adoption of the world's third-largest cryptocurrency by market capitalization.The post Ripple grants 1 billion XRP to content platform Coil to boost adoption of the token appeared first on The Block.
Based on the early price action, the direction of the index the rest of the session is likely to be determined by trader reaction to the short-term 50% level at 97.840.
After taking a bounce off from the 2:1 Gann line earlier this month, the USD Index was underway to sustain a strong positive trend. Bulls appeared to stay in the lead on the daily chart.
The economic calendar stays quite light on Wednesday in terms of USD/CAD-impacting economic events. Crude dropped following API Crude data report revealing mounting US Crude Inventories.
A group of XRP investors has filed an amended complaint against Ripple, arguing that the company’s tokens are unregistered securities under Securities and Exchange Commission (SEC)’s guidance. The post XRP investors file new complaint against Ripple for issuing unregistered security under SEC guidance appeared first on The Block.