Coinbase Hires Former Shopify Executive; COIN Stock Rose Above 2% 

Coinbase hired Lucas Matheson as country director in Canada.  COIN Stock Soared over 9% in monthly trading sessions.  Coinbase, one of the largest cryptocurrency exchanges, recruited former-Shopify executive Lucas Matheson as country director in Canada with the aim of expanding Coinbase usage in Canada.  On March 30 2023, Nana Murugesan, Vice President International and Business Development at Coinbase announced the recruitment of Lucas Matheson as a major part of expansion plan in Canada also termed the country as “key international market.”  Coinbase has signed an enhanced Pre-Registration Undertaking (PRU) with concerned security authorities and regulators in Canada. The signing of Pre-Registration Undertaking is a major part of the expansion plan.  Nana Murugesan appreciated the efforts of Canadian Financial Regulators on bringing clarity to the crypto industry and also thanked them for continuing their collaborations with Coinbase to protect consumers while embracing innovation.  According to the reports Coinbase established a tech hub in Canada with the help of 200 engineers to serve its extensive product line and maintain reliability in the crypto sector. It is important to note that Coinbases global leadership team will visit Canada on a regular basis to communicate with authorities, collaborators and local citizens of Canada in order to understand trends and requirements

2023-04-01Industriya

‘Congress must raise the bank deposit insurance limit to $10 million’

Earlier this month, as Silicon Valley Bank and Signature Bank failed in rapid succession, federal regulators took the extraordinary measure of waiving the Federal Deposit Insurance Corporation (FDIC) deposit insurance limit of $250,000 for those two institutions. Citing a “systemic risk exception,” the move protected uninsured depositors–but only at these two banks. Absent a more permanent policy change, many depositors fear that their money won‘t be guaranteed unless it’s in a large, “systemically important” bank.  In order to restore confidence in the banking system and stem the dangerous outflow from regional and community banks, Congress must act now to raise the FDIC insurance limit to $10 million. This threshold would provide meaningful protection to small and medium-sized businesses and ensure a solid base of deposits that arent susceptible to bank runs.  Two of the primary policy goals of FDIC insurance are to provide confidence and stability in the banking system. Exception-based coverage undermines these objectives. It signals to depositors that they get some extra protection at a systemically important bank. As a result, larger depositors are moving their balances out of regional and community banks and into the biggest national banks, further consolidating our financial system into the hands of a few

2023-04-01Industriya

ETH Price Prediction: Ethereum Shapella Upgrade Confirms a Rally?

Traders place bets on ETH, as the Shapella upgrade approaches.  Presyo ng ETH forms a bullish wedge pattern, hints at a breakout.  Price currently forms a short consolidation channel.  Ethereum Network conducting the final tests of its major upgrade – Shanghai-Capella, O Pag-upgrade ng Shapella. The Shapella upgrade is set to bring in various features to the Ethereum network. This upgrade will reduce gas fess while significantly improving the networks scalability. In addition, the upgrade will enhance the speed of the Ethereum network.  As per the Ethereum Foundation blog, the team amicably set a date for the upgrade to launch – April 12. The announcement followed a smooth transition and successful testing on the Goerli test network. It mentioned that the Shapella upgrade will follow the famous Merge upgrade. It will allow validators to withdraw their stake from the beacon chain and return it to the execution layer.  The Chart Story for ETH Price  Source: ETH/USDT by TradingView  Presyo ng ETH forms a wedge pattern and approaches the upper trend line. The price just formed a short consolidation channel which could soon lead to an upsurge. The volume shows a highly volatile market, reflecting excitement ahead of the Shapella upgrade. The projected rally can target for $2400,

2023-04-01Ethereum

Lollapalooza Chicago Tickets On Sale, Includes Prestige-Level Concert Access And Amenities

Kabuhayan  Lollapalooza Chicago Tickets On Sale, Includes Prestige-Level Concert Access And Amenities  12 minuto ang nakalipas  Balita ng Ethereum ng Bitcoin  CHICAGO, ILLINOIS – JULY 30: General atmosphere at Lollapalooza in Grant Park on July 30, 2021 in  WireImage  Anyone who has been to Lollapalooza knows that at some point it will rain or the temperature will hit 100 degrees with no wind in sight. And at that point if you are caught in the middle of Grant Park, Chicago, on a dusty baseball field in a rainstorm, you already know you‘ll be walking in light-brown mud practically up to your armpits. Meanwhile, if it doesn’t rain, then pre-heatstroke and dizziness tends to find those who party in a sweltering 100 degree, 95% humidity day under clear skies.  To that end, the VIP ticket and other premium experience selections that guarantee shaded cabanas, air conditioned hideaways and grab-and-go drinks, might well be the best – and most expensive – tickets around, given the usual expected weather. Those tickets are currently on sale on Lollapaloozas website, though it is unclear how many sets of each type of tickets are available.  Heres the breakdown if you are a Lolla high roller:  Four-day general admission tickets start at $375 for a package.

2023-04-01Industriya

SPDR S&P 500 (SPY) Stock: Breakout Leveraging Tech Stocks Rally?

Teknolohiya  SPDR S&P 500 (SPY) Stock: Breakout Leveraging Tech Stocks Rally?  6 minuto ang nakalipas  Balita ng Ethereum ng Bitcoin  SPDR S&P 500 may witness a surge as tech and semiconductor stocks witness expansion.  SPY stock has gained 6.20% since the beginning of 2023.  Several sectors are in the list of gainers this year.  SPDR S&P 500 ETF Trust witnessed a positive comeback in 2023, as major investments fuel an uptrend. The market in 2022 was a Tilt-A-Whirl rather than a Merry-Go-Round for equity investors, as many months went flat without any signs of gain. SPDR S&P 500 ETF Trust has invested in several sectors, with info-tech making up for one-fourth of the portfolio.  SPDR S&P 500 ETF Trust allocates its funds into common stocks, listed under the S&P 500 index. Its current top holdings comprise of Apple (AAPL)- 6.62%, Microsoft (MSFT)- 5.59%, Amazon (AMZN)- 2.51%, NVIDIA (NVDA)- 1.74%, and several shares including Alphabet, Berkshire Hathway, Tesla and Meta Platforms. The portfolio saw some changes after tech giants announced mass lay-offs. Most of the ETFs holdings are positive and are listed among the biggest gainers.  Tech Stocks In SPDR S&P 500 ETF Trust to Decline?  Several blue chip companies laid off employees in huge numbers last year and this year.

2023-04-01Industriya

Pagsusuri ng presyo 3/31: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, SOL, DOT, LTC

Signs of easing inflation could push Bitcoin and select altcoins above their respective overhead resistance levels in the short-term.  Data from the Personal Consumption Expenditures (PCE) index showed an uptick of 0.3% in February, which lower than the 0.5% increase seen in January. Economists had projected a rise of 0.4% and the PCE data suggests that inflation is gradually showing a decreasing trend.  Risky assets rallied in response to the data and some analysts expect the Federal Reserve to start cutting rates by the end of the year, The FedWatch Tool shows a 33% probability of a 50 basis point cut by December 2023.  The cryptocurrency space is trying to come out of a long bear phase. This has improved sentiment and analysts are focusing on the long-term prospects of cryptocurrencies and blockchain technology.  Citi said in its “Money, Tokens and Games” March report that the blockchain-based tokenization of real-world assets could soar to between $4 to $5 trillion by 2030. Although the lack of legal and regulatory framework, and the skepticism of industry players may pose a challenge in the short term, the investment bank believes they will be overcome eventually.  Could Bitcoin (BTC) and select altcoins extend their up-move or is it time

2023-04-01Ethereum

Here Are 3 Scenarios for Cardano, As ADA Reaches Pivotal Price Levels

Teknolohiya  Narito ang 3 Sitwasyon para sa Cardano, Habang Naabot ng ADA ang Mga Pangunahing Antas ng Presyo  11 minuto ang nakalipas  Balita ng Ethereum ng Bitcoin  Arman Shirinyan  Cardano reaches critical threshold that will determine its movement in foreseeable future, while Arbitrum and Shiba Inu await new developments  Nilalaman  Shiba Inu forms triangle  Arbitrum whales are turning the tide  Cardano (ADA) has experienced a notable price increase since March 19, pushing the cryptocurrency toward several pivotal price thresholds. In this article, we will discuss three key levels ADA needs to reach and sustain, which could signal a more substantial bullish trend in the near future.  Firstly, ADAs reversal from the 200-day moving average is a crucial milestone to watch. The 200-day moving average serves as a long-term trend indicator, and a successful reversal from this level would signal a positive shift in momentum.  Pinagmulan: TradingView  Second, a breakout above the 200-day exponential moving average (EMA) is another significant price level to observe. Currently, the 200-day EMA is hovering around the $0.41 mark, which also acts as a critical resistance level for ADA. If the cryptocurrency can successfully break through this barrier, it may pave the way for further upside movement.  Lastly, the third pivotal price threshold for ADA involves a successful breakout

2023-04-01Industriya

XRP Rival Narrows Gap in Price Action as Stellar (XLM) up 20% in 5 Days

Teknolohiya  Pinaliit ng XRP Rival ang Gap sa Price Action habang ang Stellar (XLM) ay tumaas ng 20% sa loob ng 5 Araw  9 minuto ang nakalipas  Balita ng Ethereum ng Bitcoin  Stellar (XLM) soars 20% following its rival, XRPs, price action  XRPs price action in recent days has significantly improved the wellbeing of not only its holders, but also that of its main competitor in the form of XLM. Since Monday, for example, the Stellar token has risen by 20%, breaking all key resistance levels in its path and reaching multi-month highs. XLM now trades at $0.11 per token, where it was last quoted back in November 2022 before the FTX crash.  Amusingly, the performance of the XLM price is accompanied by the same phenomena as XRP. In particular, it concerns abnormal volumes on South Korean exchanges. For example, on the largest of them, Upbit, XLM turnover has tripled in the last two weeks.  From XRP to XLM  The logic behind XLMs price action following XRP is quite simple and obvious. Conceived by Ripple co-founder Jed McCaleb as a decentralized counterpart to his original creation, the Stellar ecosystem and its XLM token are in the context of the crypto market what Shiba Inu (SHIB) is to Dogecoin

2023-04-01Industriya

US Govt Sells 9,800 BTC, Aims to Offload 41,500 More

Bitcoin  Nagbebenta ang US Govt ng 9,800 BTC, Nilalayon na Mag-offload ng 41,500 Higit Pa  5 minuto ang nakalipas  Balita ng Ethereum ng Bitcoin  Alex Dovbnya  The US Government has sold 9,800 BTC, amounting to $215.7 million, from the historic seizure connected to the Silk Road dark web case, according to a recent court filing  In a recent court filing, the US Government revealed it sold 9,800 BTC on March 14 for a total of $215,738,154.98, with net proceeds amounting to $216 million.  This is part of the Bitcoin sum seized in November 2021 from James Zhong, who pled guilty to unlawfully obtaining over 50,000 Bitcoin from the Silk Road dark web in 2012.  The government aims to offload approximately 41,500 more BTC connected to the case.  The court filing outlined that the remaining Bitcoin is expected to be liquidated in four more batches throughout this calendar year.  The original seizure of approximately 50,676 Bitcoin from Zhongs residence was valued at over $3.36 billion at the time, making it the largest cryptocurrency seizure in the history of the US Department of Justice.  Silk Road was an infamous online marketplace on the dark web, operating from 2011 until 2013. It facilitated the sale and purchase of illegal drugs, weapons, and other illicit

2023-04-01Industriya

Pagsusuri ng Presyo ng Litecoin (LTC) para sa Marso 31

Teknolohiya  Pagsusuri ng Presyo ng Litecoin (LTC) para sa Marso 31  3 minuto ang nakalipas  Balita ng Ethereum ng Bitcoin  Pagwawaksi: Ang opinyon na ipinahayag dito ay hindi payo sa pamumuhunan - ibinibigay ito para sa mga layuning pang-impormasyon lamang. Hindi nito kinakailangang sumasalamin sa opinyon ng U. Ngayon. Ang bawat pamumuhunan at lahat ng pakikipagkalakalan ay nagsasangkot ng peligro, kaya dapat mong palaging magsagawa ng iyong sariling pananaliksik bago gumawa ng mga desisyon. Hindi namin inirerekumenda ang pamumuhunan ng pera na hindi mo kayang mawala.  Buyers are not going to give up, according to the CoinMarketCap ranking.  LTC / USD  The rate of Litecoin (LTC) has increased by 0.60%.  On the local chart, the price is about to break the resistance at $90.15. If that happens, the accumulated strength might be enough for a move to test the $92 zone.  On the daily time frame, the rate of Litecoin (LTC) has not decided yet which way to move as the price is trading in the middle of the channel, between the support at $85.58 and the resistance at $94.54.  In this regard, ongoing consolidation in the area of $85-$95 is the more likely scenario for the next few days.  A better situation can be seen on the weekly chart, as

2023-04-01Industriya
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