David Duong, CFA, Head of Institutional Research, provided a comprehensive analysis of the traditional and crypto markets in his weekly market commentary for the week ending August 4, 2023. According to Duong, the week was eventful for both markets, albeit for different reasons. In traditional finance, the Bank of Japan’s decision to raise the hard cap on its 10-year bond […]

Bitcoin (BTC) price is still stable above $29,000, although it is falling below the 50-day line SMA. Bitcoin price long term forecast: bearish Bulls bought dips when the bitcoin price fell to a low of $28,637 on August 1. The crypto price retested the psychological price level of $30,000 after its recovery. After that, Bitcoin fell significantly above the existing […]

Bitcoin has flashed an important high timeframe buy signal on the Vortex Indicator. Find out why this suggests a storm of buying could be brewing in crypto — and why it could soon suck up everything in its path. Forecasting A Storm in Crypto Like a meteorologist can with some degree of accuracy forecast the weather, a technical analyst can […]

Cryptocurrency-friendly trading neobank Revolut is wrapping up its crypto services in the United States amid the ongoing regulatory uncertainty. Soon after announcing a partial delisting of certain digital assets from its platform, Revolut took a decision to suspend all crypto services for U.S. users, the firm said in a statement to Cointelegraph on Aug. 4. Together with its U.S. banking […]

Google and Accenture, who have a joint business venture, are being accused by the Alphabet Workers Union of being in violation of federal labor laws in the United States, according to a Bloomberg report.  The union claims that Alphabet Inc. acted against a law that prohibits retaliation against employees for organizing, the report says, citin an Aug. 3 complaint from […]

What does this mean for Bitcoin and the broader crypto market? In a surprising move that has sent ripples through the financial world, billionaire hedge fund manager Bill Ackman recently announced that he is shorting 30-year Treasury bills. Ackman predicts that yields could soon skyrocket to 5.5%, a move he is positioning as a hedge against the impact of long-term […]

Alex Gluchowski, the co-founder and CEO of zkSync creator Matter Labs, has denied copy-pasting code from Polygon Zero, after the zero-knowledge scaling firm accused them of copying the code from their system without proper attribution.  On Aug. 3, Polygon Zero published a long blog post saying they believe Matter Labs copied what they described as “performance-critical components” of their zero-knowledge […]

The Bank of Canada (BOC) reported a decline in the ownership of Bitcoin (BTC) and cryptocurrencies in the country last year as neither market conditions nor regulations sided in the favor of Canadian crypto investors, according to a BOC study published last week. The annual Bitcoin Omnibus Survey (BTCOS) conducted by the Canadian central bank showed a relapse from the […]

The United States Securities and Exchange Commission has obtained a temporary asset freeze against Utah-based crypto company Digital Licensing Inc, accusing the firm of perpetrating a $50 million fraudulent crypto scheme. On Aug. 3 the SEC announced it had obtained a temporary asset freeze, restraining order, and other emergency relief against Digital Licensing Inc., which was operating as “DEBT Box.” […]