Author: admin

Ever entered a trade wherein you thought that you had prepared for every scenario only to be blindsided by an unforeseen event? If you have, then you, my friend, have been ambushed by the markets! Don’t worry, even the most experienced and seasoned traders occasionally freeze when faced with unforeseen events. In fact, getting “ambushed” by the markets is almost an everyday occurrence. What separates a winner from a loser, though, is how a trader reacts to those unforeseen events. Studying past price action, Japanese candlestick patterns and chart patterns can only go so far in preparing you for surprises. When…

Marathon Digital Holdings (MARA) saw its shares drop by up to 8% in after-hours trading yesterday (Thursday). This decline followed the company’s announcement that its second-quarter revenue fell short of Wall Street expectations.Operational Issues Impact RevenueThe company reported revenue of $145.1 million, missing the FactSet estimate of $157.9 million. Marathon attributed the revenue shortfall to operational issues that affected its bitcoin mining capabilities and the impact of recent halving events on the mining sector.”During the second quarter of 2024, our BTC production was impacted by unexpected equipment failures and transmission line maintenance at the Ellendale site operated by Applied Digital,…

The results of community polling are in, and there will be a new Zcash dev fund in November. But this new model will be radically different from what Zcash has seen before, and it positions Zcash to be more decentralized, more inclusive, and more resilient than ever. In 2020, the Zcash community created its first dev fund with ZIP 1014. It was a big step towards decentralization, as it established a novel mechanism that gave 80 percent of the block reward to miners and carved out a portion to the first-of-its kind Zcash Major Grants (now ZCG) in addition to…

Hong Kong, October 29, 2021 – Bitmain – the world’s leading producer of cryptocurrency mining hardware is organizing the World Digital Mining Summit 2021 (WDMS). This year marks the third year of WMDS hosted by Bitmain and Antminer. As the most dedicated digital currency mining event of the year, Bitmain invites leading enterprises in the global mining space to join the summit. The summit brings together the top mining companies, hosting companies, mining pools, digital currency exchanges, cloud computing platforms, and more. Traditional finance companies and renewable energy providers will also be participating, showing the growing interest from the energy sector in digital…

Adenasoft, a South Korea-based IT/software company, has just announced the launch of ACE, their new SaaS product designed for cryptocurrency exchanges. ACE fully prepares businesses for exchange operations quickly, taking less than a month to get up and running. ACE offers a comprehensive suite of features that enables crypto exchanges to streamline their operations and provide a seamless user experience. From a fully integrated trading platform to customer management tools, wallet services, custody solutions, and more, ACE provides all the essential functionalities required to launch a cryptocurrency exchange. The Adenasoft team focused significant effort on designing a platform that delivers…

Liquidity across crypto exchanges has surged this year, according to the digital asset analytics firm Kaiko. Kaiko notes in a new analysis that an increase in trading volume and improving sentiment drove that jump in liquidity, which has been particularly prevalent for Bitcoin (BTC) markets in the US. “The approval of spot BTC ETFs in the US this year has likely contributed to the increase, as more institutional firms participate in the market. US exchanges now account for over 60% of BTC’s 1% market depth, up from around 45% at the beginning of 2023.” Source: Kaiko Research The analytics firm…

Toilet paper advertising seems to be having a renaissance. The latest addition to the canon is a catchy song from a musical trio of women called the Quilted Queens. Dressed in matching white quilted jackets that read “Keep it quilted,” the queens have one mission behind their spirited performance: to share the gospel of comfortable Quilted Northern toilet paper. “We quilt this city,” they belt out in the aisles of a grocery store. “We quilt this city with a comfy roll.”Both the track and the music video are a riff on American rock band Starship’s 1985 hit song “We Built This City.”But instead…

Definition of Order Book and Position Book The Order Book is a fundamental component in financial trading that lists buy and sell orders for a particular asset. It organizes these orders by price level, showcasing the market’s supply and demand dynamics. In the context of Forex trading, the Order Book comprises pending or limit orders, such as buy stops, buy limits, sell stops, and sell limits, alongside traders’ position stop losses and take profits. This structured overview provides traders with insights into where market participants intend to execute their trades. The Position Book, distinct from the Order Book, records opened…

The Elliot Wave theory has become very popular among Bitcoin analysts, given its effectiveness in helping to estimate where the cryptocurrency’s price is headed next. Using this same theory, pseudonymous crypto analyst XForceGlobal has estimated what could happen next for the Bitcoin price. Elliot Wave Theory Points To A Recovery In the analysis posted on TradingView, XForceGlobal used the 5-wave Elliot Wave theory to predict further upside for the Bitcoin price. The chart maps out the waves and subwaves, all of which carry various implications for the Bitcoin price. Related Reading The crypto analyst points out that the subwaves are…

The market remained cheerful last week. The fear and greed index surpassed the highest point of 2022 and is currently in the green zone. The crypto market cap was firmly above $1.4 trillion for most of the week, and prices for the majority of crypto assets continued to increase.In this digest we present the past 7 days in review, as well as the current state of market and the most recent platform news.For those who have not completed our survey yet, you still have a chance to do so! You can also leave suggestions and tips on how we can…