Balita sa Industriya ng Crypto at Market Trends

Altcoin Season On Horizon: How Bitcoin and Ethereum Are Poised to Perform

Crypto Banters Jonathan Fiorenza, a cryptocurrency analyst, recently shared his thoughts on the current state of Bitcoin and the cryptocurrency market. According to Fiorenza, Bitcoin is holding strong despite the chaos in the market.　　He pointed out that Bitcoin is currently trading at $28,000, which is 5% higher than its lows during the recent Jesse Powell speech. He also noted that Bitcoin has formed a strong support level between $26,000 to $27,000, which he sees as a good buying opportunity.　　However, Fiorenza has also warned that if Bitcoin starts closing below $27,800 within one-hour candles, there could be a possibility of further downside. He highlighted that there is a trend line on the one-hour chart, and if Bitcoin starts closing below it, there is a chance that it could come down to the $26,000 – $27,000 block.　　Altcoin Distribution Expected Soon　　Fiorenza then discussed the dominance of Bitcoin in the market and how it affects other cryptocurrencies. He asserted that the dominance of the king coin is currently at 48%, which he sees as a rejection area for the dominance to feed money back into altcoins. He explained that whenever Bitcoin hits the 49% mark, it has always resulted in a few weeks of

2023-03-26Ethereum

US contemplates expanding emergency lending facility for banks: Report

United States authorities are reportedly deliberating on extending an emergency credit line for banks, “in ways” which may provide First Republic Bank with a time buffer to address its balance sheet concerns, according to people with knowledge of the situation.　　In a March 26 Bloomberg report citing unnamed sources, it was reported that U.S. officials have not decided on what support, “if any,” they can provide to First Republic, however an “expansion of the Federal Reserves offering” is one of the options being considered.　　First Republic was reportedly deemed “stable enough to operate” by regulators without the need for “immediate intervention,” while the bank and its advisers attempt to “shore up its balance sheet.”　　The sources noted that while the Feds liquidity offerings would be reportedly expanded in accordance with banking law, which stipulates that it must be “broadly based” and not aimed at benefiting a specific bank, they also warned that the alteration could be “made in a way” that ensures First Republic Bank benefits.　　It was reported that despite First Republic facing structural challenges with its balance sheet, “the banks deposits are stabilizing” and is not at risk of experiencing “the kind of sudden, severe run” that led regulators to close down

2023-03-26Industriya

Accepting Payment in Bitcoins — How to Accept Them and the Pros of It

Kabuhayan　　Pagtanggap ng Pagbabayad sa Bitcoins — Paano Tanggapin ang mga Ito at ang Mga Kalamangan Nito　　13 minuto ang nakalipas　　Balita ng Ethereum ng Bitcoin　　As bitcoins rise in popularity, companies have been considering the idea of including bitcoins as a valid payment option. While cryptocurrencies like Bitcoin are known for being volatile in nature, they can be a fairly safe option for payment if handled correctly. The features that make accepting Bitcoins as payments lucrative for companies include:　　Engagement with the competitive edge of the business world　　Opportunity to open up to more customers worldwide　　Lower payment processing fees　　What are the benefits and problems of Bitcoin payments？　　There are plenty of benefits that would drive a company or individual to accept bitcoin payments with open arms. One of the biggest benefits is the reduced payment processing fee. While other payment modes, especially using credit cards, incur a processing fee of 3-4%, payments using Bitcoins charge none. This may not seem like a big deal, but it is a huge benefit for merchants and companies.　　While credit card companies mostly favor customers, Bitcoin is a decentralized platform. So once the payment is made, there is no question of disputes. They also present a good opportunity for companies that

2023-03-26Industriya

Cleveland-Cliffs (CLF stock) - Was Raising the Base Price astute?

Kabuhayan　　Cleveland-Cliffs (CLF stock) – Matalino ba ang Pagtaas ng Base Presyo？　　11 minuto ang nakalipas　　Balita ng Ethereum ng Bitcoin　　Cleveland-Cliffs recently raised the base price for their steel product, causing a sharp drop in the stock price.　　They are the biggest automotive steel supplier in North America.　　Cleveland-Cliffs, the largest steel supplier to the automotive industry in North America, recently increased steel prices, causing shares to decline. On March 13, 2023, the company announced that they are increasing current spot market base prices for all of the carbon hot and cold rolled, along with coated steel products, by a minimum of $100 per net ton. The current price is $1,200 per net ton. This caused a considerable drop in share prices.　　Cleveland-Cliffs (CLF stock) – The Number Game　　When writing, CLF stock was trading at $17.43 with a drop of 1.25%; previous close and open were at $17.65 and $17.20, respectively. In comparison, the fifty-two-week range dropped by 47.29%. It has a market cap of $8.973 billion, with a volume of 9.70 million shares and the average volume of 10.56 million. The price target was $22.11 with an upside of 26.8%.　　Source: CLF; MarketBeat　　Analyst trading for hold is 2.46, and the short interest is healthy, with 6.61%

2023-03-26Industriya

S&P Warns of Default Wave Ahead for Latin America as Rates Rise

Kabuhayan　　S&P Warns of Default Wave Ahead for Latin America as Rates Rise　　3 minuto ang nakalipas　　Balita ng Ethereum ng Bitcoin　　(Bloomberg) — Rapidly rising borrowing costs pose more of a threat to companies in Latin America than anywhere else in emerging markets, raising concern that defaults in the region are about to rise, according to S&P Global Ratings.　　Karamihan Basahin mula sa Bloomberg　　Credit conditions are tightening more quickly now in Latin America than they were at the height of the 2008 financial crisis, analysts led by Gregoire Rycx wrote in a report. That is expected to put companies under pressure through the end of next year.　　“Latin American countries are enduring the most severe tightening of financial conditions seen in recent history,” the analysts wrote.　　Defaults may pick up quickly in Brazil as companies there rely on floating-rate debt, which becomes more expensive to service as interest rates rise. Policy makers have raised the key Selic rate by 11.75 percentage points in the last two years. As a result, the average interest rate businesses are paying rose to 7.9% last year from 6.9% in 2021, and its already weighing on earnings and credit metrics, S&P said.　　While there are only “faint signs” of stress in the

2023-03-26Industriya

THORChain Price Down 12%; Will RUNE Price See a Rebound?

Kabuhayan　　Presyo ng THORChain Bumaba ng 12%; Makakakita ba ng Rebound ang RUNE Price？　　12 minuto ang nakalipas　　Balita ng Ethereum ng Bitcoin　　THORChain price is down by 30% (approx.) from the react peak at $1.1973 and does not show any meaningful recovery despite huge positivity in a global cryptocurrency market.　　RUNE price is trading below the 50- and 200-day EMAs in a downtrend and the bears seem to be dominating on the higher levels. RUNE crypto price tried to bounce back by taking support near its 52-week low, but prices seem to be lacking momentum in the supply zone.　　RUNE price trading at $1.377 with an intraday decline of -0.36% and 24-hour volume to market cap ratio is $0.0789. The pair of RUNE/BTC is trading at $0.0000501 with an intraday decline of -0.40% showing the same direction in both the pairs.　　In mid-January, RUNE price managed to climb above the 50-day EMA and turned the short term trend in the upward direction. Later, prices started rising upward by forming higher-high swings and breaking out of the Pre-FTX collapse level. However, the rally halted at $1.973 and the bulls failed to give follow up momentum.　　Will THORChain Price See a Rebound？　　RUNE/USDT daily chart by TradingView　　THORChain price consolidated for

2023-03-26Industriya

Germany Shows Long-Lost Qualities In 2-0 Win Over Peru

Kabuhayan　　Germany Shows Long-Lost Qualities In 2-0 Win Over Peru　　4 minuto ang nakalipas　　Balita ng Ethereum ng Bitcoin　　Niclas Füllkrug celebrates one of his two goals for Germany against Peru. (Photo by Harry　　Mga Larawan ng DeFodi sa pamamagitan ng Getty Images　　It might have been just a friendly against Peru, but Germany won a game thanks to two goals scored by a proper no.9 without conceding. Both those things have been a rarity since Germany won the 2014 FIFA World Cup.　　Sure, there have been spells in which Germany has been good since winning the World Cup. The 2017 FIFA Confederations Cup comes to mind or Euro 2016, where Germany reached the semifinal and played with a proper no.9 in the form of Mario Gomez.　　But a performance like the one against Peru on Saturday has become a rarity, even against smaller nations. One just has to think back to the recent debacle at the 2022 World Cup last November, where Germany‘s 2-1 defeat to Japan would ultimately pave the way to a group stage exit—the second time in a row at the world’s biggest stage.　　Hence the 2-0 win over Peru, thanks to two goals by Niclas Füllkrug (12‘ and 33’), will be seen as a

2023-03-26Industriya

How Bitcoin Can Emerge Victorious Amidst Global Banking Crisis

Bitcoin　　How Bitcoin Can Emerge Victorious Amidst Global Banking Crisis　　34 segundo ang nakalipas　　Balita ng Ethereum ng Bitcoin　　As the world grapples with a banking crisis on the brink of chaos, the Federal Reserve (Fed) has taken drastic measures to pump liquidity into the market. The initiative has led to an unexpected response from the crypto market, particularly Bitcoin. 　　Amidst rising interest rates and a string of bank bailouts, the Feds balancing act between tightening and loosening monetary policy has left many investors questioning the safety of their assets.　　The Banking Crisis Goes Global　　In the United States, multiple banks, including Silvergate, Silicon Valley Bank, Signature Bank, and First Republic Bank, have come under tremendous stress, requiring government or private market intervention. But the crisis has not been limited to the US.　　European banks such as Credit Suisse and Deutsche Bank also struggle to stay afloat.　　Silvergate, Silicon Valley Bank, Signature Bank, First Republic Bank, Credit Suisse, Deutsche Bank, and Bitcoin. Source: TradingView　　Governments and central banks worldwide have stepped in to mitigate the crisis to provide liquidity.　　The Federal Reserve, the FDIC, and other organizations have thrown “monetary bazookas” at the beleaguered banks in the US. The move has seen the Feds balance sheet swell by $400 billion

2023-03-26Bitcoin

DeFi Protocol Euler Finance Hacker Returns Massive 51,000 ETH

Ethereum　　DeFi Protocol Euler Finance Hacker Returns Massive 51,000 ETH　　3 minuto ang nakalipas　　Balita ng Ethereum ng Bitcoin　　9 segundo ang nakalipas | 2 mins basahin　　Euler had offered a $1 million reward for the restoration of the stolen money.　　Earlier, on March 18, the hacker apparently returned $5.4 million in Ether.　　The bulk of the funds stolen from the decentralized finance (DeFi) platform Euler Finance in March 2023 seems to have been returned to the platform. Even if part of the funds are still with the exploiter, the Euler hacker reportedly surrendered as much as 51,000 ETH on Saturday.　　On or around March 13, 2023, an exploiter made off with the funds, most of which were held in stETH. Distributions were $135.8 million in stETH, $33.8 million in USDC stablecoin, and $8.7 million in DAI.　　According to reports, it was the greatest DeFi space exploit of 2023. While the news in the crypto industry has been relatively good with a Bitcoin price surge, the global financial sector has been having a terrible time due to the bank crisis.　　Negotiation Worked　　Earlier, on March 18, however, there was a shocking change of events when the hacker apparently returned almost $5.4 million in Ether to Euler Finance‘s deployer address. There were

2023-03-26Ethereum

ETH May Continue to Weaken Against BTC in the Coming Days

Bitcoin Ethereum　　ETH May Continue to Weaken Against BTC in the Coming Days　　47 segundo ang nakalipas　　Balita ng Ethereum ng Bitcoin　　KALEO tweeted an update to his multi-threaded analysis on ETH/BTC today.　　The trader believes that ETH/BTC will continue to drop in the coming days.　　At press time, the price of both BTC and ETH printed 24-hour losses.　　The popular crypto trader KALEO (@CryptoKaleo) tweeted yesterday that ETH/BTC “still looks terrible”. The tweet builds on to a long thread that was first created back on December 22 of last year, wherein KALEO has been consistently posting updates on the trading pair ever since.　　A number of members in the crypto community believe that Ethereum (ETH), the leading altcoin in terms of market cap, will eventually overtake Bitcoin (BTC) in terms of market cap. However, KALEOs ongoing analysis of ETH/BTC may force this belief to subside, albeit temporarily.　　According to the trader, ETH will weaken against BTC in the coming days. KALEOs latest tiririt concluded with the words “send it lower,” which suggests that KALEO currently has a bearish stance on ETH/BTC.　　At press time, the price of both BTC and ETH dropped over the last 24 hours according to CoinMarketCap. Currently, BTC‘s price is trading at $27,540.32 after dropping

2023-03-25Ethereum

...

530532

...

1000