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  • Major validator calls for ‘completely new chain’ to replace Terra News - 50 minutes ago
    The operator of a major validator node on Terra is displeased with how events unfolded leading to the cessation of the chain, and hopes a whole new blockchain will be created to replace it. As the dust settles from the Terra ecosystem crash, and the community decides what the next steps should be, the CEO of a validator runner in South Korea thinks the old Terra chain should be shut down permanently.Jiyun Kim, CEO of blockchain solutions company DSRV, wrote an opinion post on his own behalf, detailing how the Terra team tip-toed around the idea of halting block production while LUNA prices crashed and its Terra USD (UST) stablecoin was depegged. He now urges validators in the Terra ecosystem to reject a hard fork in favor of a brand new community-driven blockchain.DSRV runs a validator node on Terra with 9.36% of the on-chain voting power. DSRV has suffered as…
  • Utility tokens vs. equity tokens: Key differences explained News - 2 hours ago
    With both types of tokens forming the bulk of crypto-asset purchases, both utility and equity tokens serve different purposes. Read here! Utility tokens vs. equity tokensInvestors familiar with the concept of equity investing will find equity tokens to be an extension of the same thought process as initial public offerings while those with a riskier appetite can venture into plonking their capital on the utility tokens in which they believe.One glaring difference between utility and equity tokens is the fact that the former is not regulated as they provide access to a service rather than a specific investment in an asset or company as do equity tokens. However, for those asking the question of whether utility tokens can be traded, the answer is that they are similar to equity tokens in this aspect and are available for trading on various exchanges. To answer whether utility tokens are good investments though, any money…
  • How the Metaverse could impact the lives of kids News - 11 hours ago
    The effects of social media on the mental health of kids and teens have been bad enough — will the Metaverse be a safe place for them? How to protect kids and teens in the MetaverseProtecting young individuals is a shared responsibility. Therefore, parents must closely monitor their children’s activities in the Metaverse.As with anything else, the Metaverse has its advantages and disadvantages. As a parent, being aware of these risks and taking measures to protect your children from them is paramount. To start with, closely monitor your child’s online activity. Restrict their access to potentially harmful content and keep a close watch on what they see and do in the Metaverse.You should also set clear rules and guidelines for using the Metaverse and reinforce these rules so your kids are more likely to follow them. This helps create a safer environment for all users, especially children.In addition, provide your…
  • Australian Dollar Under Pressure on China Activity Data Miss. Where to for AUD/USD?
    DailyFX - Market News - 1 hour ago
    The Australian Dollar could be vulnerable after China’s industrial production and retail sales data disappointed. Will AUD/USD continue lower?
  • The Federal Reserve Bank: A Forex Trader’s Guide
    DailyFX - Market News - 3 hours ago
    Learn about the US central bank, its key mandates, and how to trade Fed interest rate decisions.
  • How to Short Sell a Stock When Trading Falling Markets
    DailyFX - Market News - 4 hours ago
    Short selling is a great way to trade on a falling market. Learn how to short stocks
  • More on the Shanghai reopening plans
    Forexlive RSS Breaking News Feed - 43 minutes ago
    Earlier post here with some of the proposals (from May 21) China coronavirus – Shanghai official says many restrictions to remainReuters have a bit of a summary up, highlights: Shanghai aims to reopen broadly and allow normal life to resume from June 1, a city official said on Monday. Deputy Mayor Zong Ming, speaking at a daily online news conference. declaring that 15 of its 16 districts had eliminated cases outside quarantine areas declared the city’s epidemic under control goal until May 21 would be to prevent a rebound in infections, meaning many curbs will remain in place city plans to gradually increase domestic flights and rail services from Monday will begin reopening supermarkets, convenience stores and pharmacies
  • ForexLive Asia FX news wrap: China April economic data collapses
    Forexlive RSS Breaking News Feed - 58 minutes ago
    Yen crosses having a negative day with USD/JPY dropping sharply back under 129.00 AUD/USD still dripping lower China coronavirus – Shanghai official says many restrictions to remain China data April Retail sales & Industrial production both plunge Weekend – Beijing extended guidance to work from home in four districts Oil has given up its earlier price gain AUD/USD gives back a few points (PBOC left the MLF rate unchanged) PBOC injects 100bn yuan via a 1-year MLF, unchanged rate of 2.85% PBOC sets USD/ CNY reference rate for today at 6.7871 (vs. estimate at 6.7852) Weekend – Goldman Sachs cut their US economic growth forecasts Japan data – April PPI +1.2% m/m (expected +0.8%) & +10% y/y (expected +9.4%) Weekend: The IMF lifted the yuan’s weighting in its Special Drawing Rights currency basket South Korean fin min to meet with the head of the Bank of Korea re FX &…
  • Yen crosses having a negative day with USD/JPY dropping sharply back under 129.00
    Forexlive RSS Breaking News Feed - 1 hour ago
    Flows are back into USD and yen. Yen especailly. USD/JPY has dropped sharply, Other currencies have lost ground against the dollar to varying extnets, taking yen crosses even more sharply down. AUD/JPY for example:
  • Ripple (XRP) Price Picks Up As SEC Legal Showdown Drags On
    NewsBTC - 11 hours ago
    Ripple (XRP) rallied to $0.439217 Friday from $0.377384 on Thursday in the face of an ongoing Securities and Exchange Commission lawsuit following the comments of William Hinman, former SEC Corporate Finance director. Suggested Reading | Crypto Analyst Predicts 1 Altcoin Will Fall Down Hard – Is It Cardano? Ether are not securities, Hinman said. ( William Hinman: Ether Not a Security A judge has granted the request of SEC to file a reply concerning the case against Ripple Lab. The case was ignited by the speech of Hinman, stating that Ethereum is not a security. Emails recovered as evidence strengthened claims that Hinman had some conflict of interest connected to those comments. In 2018, Hinman’s speech included this statement: “Based on my understanding of the present state of ether, the Ethereum network and its decentralized structure, current offers and sales of Ether are not securities transactions.” Hinman’s speech stated that Ethereum…
  • Crypto Analyst Predicts 1 Altcoin Will Fall Down Hard – Is It Cardano?
    NewsBTC - 13 hours ago
    Pseudonymous crypto trader and analyst Capo tweets that Cardano (ADA) is bound to go on a massive downward trend. This popular crypto trader with over 307,500 followers on Twitter predicted a massive plunge before the coin finishes its five-waved downward trajectory following the Elliott Wave Theory. The Elliott Wave Theory pertains to a technical analysis that can predict price action by looking into mind psychology or crowd behavior that can be seen in waves. Based on the theory, the crypto asset would always go through a predictive five-wave cycle before it makes that pivot or reversal. Suggested Reading | NFT Prices Take A Beating After Crypto Market Chaos    Before the coin completes its five-wave downward course, Capo anticipates a catastrophic crash (Coingape). Capo Predictions On ADA, BTC, Terra, STEPN According to Capo, ADA is on its way to completing the fourth wave which means it’s ready for that final…
  • Polkadot Displayed Bearish Engulfing Candlestick; Suggests Further Downtrend
    NewsBTC - 1 day ago
    Polkadot has been on a sharp decline over the last week as the broader market extended losses at press time. Bitcoin nosedived to $28,000 and presented a loss of 7% over the last 24 hours. All major altcoins have followed the same path registering losses on the daily chart. Polkadot was trading in a descending trendline, although, DOT tried to recover on charts. The recovery can be stalled if buyers don’t return to the market. The price of the altcoin was trading close to its immediate support of $8.04. DOT was last seen trading around this price last in July 2021. In the last four months, Polkadot displayed rangebound rallies. The price of DOT was sandwiched between $24 and $16 over the last 17 weeks. Although Polkadot staged a revival, it is too early to conclude if the coin will continue to move northbound. Polkadot Price Analysis: One Day Chart…
  • Veteran Investor Bill Miller Remains Bullish on Bitcoin — Confirms He Has a Lot of BTC
    Bitcoin News - 1 hour ago
    Famed value investor and fund manager Bill Miller says he has “a lot” of bitcoin and has not sold any despite the recent crypto sell-off. He insisted that investors should put some of their liquid net worth in the cryptocurrency. Bill Miller Shares His Bitcoin Outlook Famed value investor Bill Miller is still bullish about […]
  • Goldman Sachs’ Blankfein Advises Companies and Consumers to Prepare for US Recession — Says It’s a ‘Very, Very High Risk’
    Bitcoin News - 3 hours ago
    Goldman Sachs Senior Chairman and former CEO Lloyd Blankfein has warned that companies and consumers should prepare for a recession in the U.S. He stressed that it’s a “very, very, high risk.” Goldman’s Blankfein Warns About a Recession Lloyd Blankfein, a former Goldman Sachs CEO who is now the firm’s senior chairman, warned about an […]
  • Tron DAO Reserve Acquires Millions in TRX, Bitcoin, and Tether to Safeguard USDD
    Bitcoin News - 5 hours ago
    Seven days ago, News reported on the Tron DAO Reserve purchasing $38 million in tron to safeguard the network’s stablecoin USDD. Since then and since the terrausd (UST) de-pegging event, the Tron DAO Reserve has continued to purchase large quantities of digital assets to bolster the project’s reserves. In addition to the tron purchases, […]
  • GBP/USD Weekly Forecast: Ends Week Above 1.22, Eying UK Data
    Forex Crunch - 7 hours ago
    GBP/USD pair printed fourth consecutive weekly red candle. The pair ended the week with a rebound above 1.2200.  With a decision on Northern Ireland Protocol expected this week, the pair may see more downside. As the London session ended on Friday, the price pulled back and surged over 1.2200, which improved the weekly forecast of … Continued The post GBP/USD Weekly Forecast: Ends Week Above 1.22, Eying UK Data appeared first on Forex Crunch.
  • Gold Weekly Forecast: Firm Dollar Pushing Gold Below $1,800
    Forex Crunch - 1 day ago
    The gold price finished in the red for the fourth straight week. Since factors supporting the dollar remain unchanged, gold will likely remain in the red. Technically, gold is poised to break $1,800. The weekly gold forecast remains bearish as the Fed’s aggressive rate hikes and risk aversion strongly weigh on the gold price. After … Continued The post Gold Weekly Forecast: Firm Dollar Pushing Gold Below $1,800 appeared first on Forex Crunch.
  • GBP/USD Price Fails to Hold 1.22 Despite Mixed US Data
    Forex Crunch - 2 days ago
    The GBP/USD pair could extend its sell-off if it makes a new lower low. The price action could develop a major Falling Wedge pattern. Breaking above the downtrend line may signal that the downside movement has ended. The GBP/USD price moves sideways in the short term. The price developed a minor triangle pattern. It was … Continued The post GBP/USD Price Fails to Hold 1.22 Despite Mixed US Data appeared first on Forex Crunch.