Author: faizimrd

First Digital launches new USD-backed stablecoin

faizimrd

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…

Read More

Bitcoin Trading Strategies: A Beginner’s Guide

faizimrd

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,…

Read More

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…

Read More

SYS Labs announces mainnet launch for EVM-L2 platform Rollux

faizimrd

SYS Labs has scheduled the Rollux mainnet launch date as June 28, 2023. Rollux is an EVM-compatible Layer-2 scaling platform. The mainnet launch is expected after a successful testnet and positive feedback from the community. SYS Labs has announced the mainnet release of its EVM-L2 scaling platform Rollux will be on June 28, 2023. Rollux is an Optimistic rollup fork and will deliver the key features the blockchain ecosystem needs to achieve mass adoption – speed, security, affordability, and scalability. Rollux testnet successful According to the SYS Labs team, the…

Read More

Crypto Exchange Bybit Leaves Canadian Market Weeks Following Same Move by Binance

faizimrd

Crypto exchange Bybit announced that it will cease offering its products and services in Canada just weeks after industry giant Binance decided to leave the country. In a new statement, Bybit says it will stop serving the Canadian market citing challenges in complying with new regulatory measures. “It has always been Bybit’s primary objective to operate our business in compliance with all relevant rules and regulations in Canada. In light of recent regulatory development, Bybit has made the difficult but necessary decision to pause the availability of our products and…

Read More

Billionaire Mike Novogratz Says One Massive Catalyst Will Send Crypto Off to the Races – The Daily Hodl

faizimrd

Galaxy Digital CEO and founder Mike Novogratz believes that one catalyst could send digital assets soaring within months. In a new interview with CNBC, the billionaire predicts that the Federal Reserve will start cutting interest rates in October, after having raised them since last March to lower inflation. Novogratz says the Fed’s rate-cutting will likely send Bitcoin (BTC), Ethereum (ETH) and other cryptocurrencies soaring. Rate cuts inject liquidity into the financial markets and a surge in market cash flow has historically fueled crypto rallies. “If what I think is going…

Read More