Author: faizimrd

Top Crypto Trader Looks Ahead to June As Bitcoin (BTC) and Ethereum (ETH) Move Sideways

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A widely followed crypto analyst is looking forward to what a new month might mean for the top two crypto assets by market cap. In a new Daily Price Action blog post, crypto trader Justin Bennett says that yesterday’s sell-off in the Bitcoin (BTC) markets might just be due to institutional traders balancing their books. “As large institutions close their books, we often see markets become erratic and indecisive in the final 24-48 hours of the month. So how Bitcoin trades in the first week of June will be telling. But if…

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Historic Signal Suggests Bitcoin (BTC) Could Be About To Go ‘Bonkers’ in Coming Weeks: InvestAnswers – The Daily Hodl

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A popular crypto analyst believes the price action of Bitcoin (BTC) could take off within months if two key indicators cross. In a new update, the anonymous host of InvestAnswers tells his 444,000 YouTube subscribers that when the 50-week moving average retakes the 200-week moving average Bitcoin will likely soar. In technical analysis, this is known as a golden cross, which occurs when a short-term moving average rises above a long-term moving average. A golden cross, which is the opposite of a death cross, indicates the start of a sustained…

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Scientists propose quantum proof-of-work consensus for blockchain

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A team of researchers from universities in Australia and the United States, working in collaboration with quantum technology company BTQ, recently published research proposing a novel proof-of-work (PoW) scheme for blockchain consensus that relies on quantum computing techniques to validate consensus. Our new paper on using NISQ-era quantum sampling problems in proof-of-work blockchain consensus algorithms. In collaboration with @BTQ_Tech.https://t.co/MKAB2czqSk — Peter Rohde (@drpeterrohde) June 1, 2023 Dubbed “Proof-of-work consensus by quantum sampling,” the preprint research paper details a system that the authors claim “provides dramatic speedup and energy savings relative…

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First Digital launches new USD-backed stablecoin

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First Digital’s stablecoin FDUSD will be pegged on the US dollar and regulated in Asia, the Hong Kong-based company said. All reserves will be held in segregated accounts at regulated financial institutions. The FDUSD stablecoin will launch on the BNB Smart Chain. First Digital, a Hong Kong-based qualified custodian and registered trust company, has launched a new stablecoin First Digital USD (FDUSD). The USD-pegged stablecoin will be backed 1:1 with the US dollar reserves and issued by First Digital subsidiary FD121 Limited. The cash or highly liquid reserves will be…

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Bitcoin Trading Strategies: A Beginner’s Guide

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Welcome to the world of Bitcoin, the revolutionary digital currency that has taken the financial industry by storm. Since its inception, Bitcoin has captured the imagination of investors, speculators, and tech enthusiasts alike. Its meteoric rise from obscurity to becoming a global digital currency phenomenon has sparked a revolution.  In this article, we will embark on a journey deep into the heart of Bitcoin trading, uncovering the secrets, strategies, and techniques that can potentially help you ride the digital gold rush. We will explore the dynamics of this fast-paced market,…

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Bitcoin price slips under $27K, but data shows BTC whales counter trading DXY strength

faizimrd

As the summer season arrives, an unexpected heatwave is gripping financial markets This heat is coming in the form of the US Dollar (DXY) which has been on a remarkable uptrend since late April, reaching levels unseen since early March’s banking crisis when the dollar wrecking ball wreaked havoc on asset prices. This surge in the dollar has raised concerns among market participants due to its high inverse relationship with Bitcoin (BTC), a topic many macro and crypto analysts have discussed repeatedly in 2023. The implications of this inverse correlation…

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