XAU/USD consolidates near $1,990 amid improved risk appetite

Finanças  XAU/USD consolidates near $1,990 amid improved risk appetite  Notícias do Bitcoin Ethereum  Gold price gained support as cooling US data signals the Fed to conclude its policy tightening.  US Dollar faces pressure after the subdued Nonfarm Payrolls data released on Friday.  Improved risk appetite could limit the advance of the precious metal demand.  Gold price hovers around $1,990 per troy ounce during the Asian session on Monday, struggling to continue the winning streak. However, the bullion prices improved on expectations that the US Federal Reserve (Fed) may conclude its monetary policy tightening after the subdued employment data from the United States (US).  However, Gold prices could experience downward pressure amidst a heightened risk appetite as investors may cast out the precious metal in favor of more risk-driven assets, driven by the belief that the US Fed may not attempt an interest rate hike in the upcoming December meeting.  US Dollar Index (DXY) took a notable plunge of more than 1.0% on Friday, influenced by lackluster US Treasury yields following disappointing US labor data. As of now, the 10-year US bond yield is at 4.58%, providing a degree of relief for the prices of the yellow metal.  US Bureau of Labor Statistics unveiled the Non-Farm Payrolls (NFP) data for

2023-11-06indústria

Ripple CLO aponta para restrições de aplicação da SEC

Ripple‘s Chief Legal Officer, Stuart Alderoty, recently drew attention to a significant ruling by the United States Court of Appeals for the Second Circuit that restrains the SEC’s authority to pursue disgorgement. This ruling has sparked conversations within legal circles, especially against Ripple‘s ongoing litigation. The decision mandates that the SEC demonstrate actual financial harm to investors before seeking disgorgement, resonating with the Supreme Court’s stance in Liu v. SEC.  Moreover, the debate intensifies as industry experts weigh in. Australian lawyer Bill Morgan questions the evidence of financial harm to institutional investors in XRP, humorously pointing to the high-speed transactions enabled by Ripple‘s technology as a deterrent to potential loss. Steven Nerayoff, a former Ethereum adviser, shifts the focus onto the SEC’s conduct, proposing that the agency‘s actions could potentially inflict financial damage, thus spotlighting the debate on officials’ qualified immunity.  Additionally, Morgan and Nerayoff delve into the SEC‘s motives, scrutinizing the agency’s invitation to companies for open dialogue. They suggest that such invitations could be misleading if the SECs ultimate goal were litigation rather than assistance. This notion, if supported by evidence, could have significant implications for how regulatory intentions are perceived and challenged in court.  Hence, the discussion extends to the

2023-11-05indústria

Elon Musk diz que nunca criará um token criptográfico

The world of cryptocurrency often hangs on every word of Elon Musk, the visionary CEO of Tesla and head honcho of X.  In an industry where a single tweet can upheave market stability, Musk has made a declarative statement that firmly sets apart his empire from the burgeoning industry of digital currencies: Musks enterprises will not venture into creating a crypto token, period.  Musks Crypto Conundrum: A Firm Stance  His announcement comes as a definitive stance amidst a whirlpool of rumors and speculation. Recently, a tweet from a user under the handle DogeDesigner, associated with the Dogecoin project, suggested that Musks new venture into artificial intelligence with xAI could somehow intertwine with the crypto entity known as Xai Corp (XAI).  This speculation caused a surge in the value of the XAI token, a reaction emblematic of the market‘s responsiveness to anything remotely related to Musk’s enterprises.  However, Musks recent comments have not been the first brush with crypto controversy. Back in August, a similar incident occurred.  The tech titan had to extinguish the fires of misinformation regarding X‘s involvement with a hypothetical ’X coin. His blunt dismissal left no room for doubt, yet the embers of speculation continued to glow, awaiting his final word.  With the intensity

2023-11-05indústria

Coinbases Dogecoin Sweepstakes: Unexpected Legal Battle

Notícias do Bitcoin Ethereum  A promotion gone awry: Coinbases Dogecoin sweepstakes leads to a Supreme Court showdown.  Participants allege that the crypto exchanges fine print misled them, overshadowing a free entry option.  The case becomes a pivotal moment for legal interpretations of arbitration clauses in the digital age.  Coinbases Dogecoin sweepstakes, intended to drive platform engagement, now faces legal challenges that have escalated to the U.S. Supreme Court, setting a precedent for consumer rights and corporate transparency.  Court Denies Coinbase Arbitration Move  The promotional enthusiasm surrounding Coinbase‘s Dogecoin giveaway has turned into a legal skirmish, with a federal judge rejecting the company’s push for arbitration. The plaintiff, David Suski, leads the charge against the exchange, alleging deceptive practices to boost Dogecoin trading, culminating in a class action that has garnered the attention of the highest court in the United States.  Legal Spotlight on Coinbases Promotional Practices  The lawsuit accuses Coinbase of purposefully downplaying a no-purchase-necessary entry option for its $1.2 million Dogecoin sweepstakes, pointing to this as a tactic to enhance trading volume and, consequently, the companys profits. This legal contest focuses on the fine line between marketing strategies and the obligation towards transparent communication with consumers.  Supreme Court to Review Coinbases Arbitration Clauses  In a notable development, the U.S.

2023-11-05indústria

Discover How Block Surpassed Expectations With Bitcoin Revenue

Notícias do Bitcoin Ethereum  After Block reported better-than-expected third-quarter earnings, the company saw its stock price rise over 20% to more than $52 after market close.  The strong performance was largely attributed to a 37.5% annual growth in Bitcoin revenue through Blocks main product, Cash App.  Excluding Bitcoin revenue, Cash App revenue increased 26% annually to $1.16 billion. The companys other payment platform, Square, reported revenue of $1.98 billion, marking an 8% annual increase.  The fintech company led by former Twitter CEO Jack Dorsey, Block, has released its 3rd-quarter reports: The companys Bitcoin revenues are on the rise!  Block Releases 3rd Quarter Reports  Block, formerly known as Square, announced its 3rd-quarter earnings, which surpassed expectations and caused its stock price to increase by over 20% to more than $52 after the markets close.  The company reported a net revenue of $5.62 billion, indicating a 24% increase compared to the same period last year. Additionally, the adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization) was reported as $477 million, marking a 32% increase compared to the same period last year.  The strong performance was largely attributed to a 37.5% annual growth in Bitcoin revenue through Block‘s main product, Cash App. This boosted Block’s revenue to $2.42 billion in

2023-11-05indústria

Internet Computer ganhou 29.82% no mês passado e deve atingir US$ 4.35 em 09 de novembro de 2023

Internet Computer subiu 3.02% hoje em relação ao dólar americano  O Internet Computer está sendo negociado atualmente 8.33% abaixo de nossa previsão em 09 de novembro de 2023  Internet Computer ganhou 29.82% no último mês e caiu -28.02% desde 1 ano atrásPreço do computador de Internet$ 3.98Internet Previsão de computador$ 4.35SentimentoÍndice de medo e ganânciaPrincipais níveis de suporte$ 3.85, $ 3.75, $ 3.67Principais níveis de resistência$ 4.03, $ 4.10, $ 4.20  Espera-se que o preço do ICP suba 9.45% nos próximos 5 dias, de acordo com nossa previsão de preços de computadores na Internet  O preço do computador na Internet hoje está sendo negociado a $ 3.98, depois de ganhar 3.02% nas últimas 24 horas. A moeda superou o mercado de criptomoedas, pois o valor total do mercado de criptomoedas aumentou 1.93% no mesmo período. O ICP teve um bom desempenho contra o BTC hoje e registrou um ganho de 1.92% contra a maior criptomoeda do mundo.  De acordo com nossa previsão de preço do Internet Computer, espera-se que o ICP atinja um preço de US$ 4.35 até 09 de novembro de 2023. Isso representaria um aumento de preço de 9.45% para o ICP nos próximos 5 dias.  Gráfico de previsão de preços ICP  Comprar/Vender Computador na

2023-11-05indústria

Drama de troca FTX: Argumentos finais no julgamento de Bankman-Fried

In the courtroom drama surrounding the downfall of the once-mighty FTX cryptocurrency exchange, the trial of Sam Bankman-Fried has entered its final chapter. The prosecution and defense presented closing arguments that couldnt have been more contrasting.  As reported by crypto journalist Laura Shin, assistant U.S. Attorney Nicholas Rooe, leading the prosecution, used evidence, timelines, and the defendants own words to portray Sam Bankman-Fried as a liar who stole from customers while maintaining a facade of innocence. Rooe argued that Bankman-Fried knew he was doing something wrong, stressing deception, lies, and greed as central themes.  He called attention to Bankman-Fried‘s contradictory statements, pointing out his confident public assurances about FTX’s health despite his awareness of the exchange‘s dire financial situation. He alleged that Bankman-Fried’s actions betrayed his knowledge of wrongdoing.  Rooe stated, “He told a story and he lied to you. This was a pyramid of deceit built by the defendant on a foundation of lies and false promises, all to get money, and eventually it collapsed, leaving countless victims in its wake.”  In contrast, Bankman-Fried‘s defense, led by Mark Cohen, sought to discredit the government’s portrayal of the defendant as a villain. Cohen argued that the government unfairly painted his client as a criminal

2023-11-05indústria

Yuga Labs e Magic Eden colaboram para lançar o Marketplace

Pontos chave:  Yuga Labs and Magic Eden collaborate to envision a fair and rewarding web3 for content creators.  Yuga Labs, a well-known player in the web3 industry and the home of Bored Ape Yacht Club (BAYC), Otherside, CryptoPunks, Meebits, Twelvefold, and 10KTF, has announced a strategic partnership with Magic Eden, a leading cross-chain NFT platform.   Yuga Labs and Magic Eden Collaborate to Create a Fairer Web3 for Creators  Yuga Labs and Magic Eden collaborate to launch the new Magic Eden Ethereum marketplace by the end of the year, which will give priority to ensuring that creators receive their rightful royalties, a significant achievement in the NFT space.  Yuga Labs and Magic Eden collaborate to envision a fair and rewarding Web3 for content creators. By leveraging the Ethereum blockchain, they emphasize the importance of ownership and ensuring that creators are fairly compensated for their original works. Both Yuga Labs and Magic Eden are committed to upholding creator royalties, which sets them apart from marketplaces that overlook the interests of creative entrepreneurs. Yuga Labs will exclusively partner with marketplaces that adhere to these principles for new collections, ensuring that creators are treated fairly.  970×90.gif (970×90)  Yuga Labs and Magic Eden CEOs Pledge Support for Creators in New Ethereum

2023-11-05indústria

Grande gestor de ativos faz comparação lisonjeira do Bitcoin

Bitcoin is a store of value currency and inflation hedge likable to “exponential gold,” wrote Jurrien Timmer, Head of Global Macro at Fidelity, in a post to X on Wednesday.  The analyst argued that both Bitcoin and gold boast distinct but attractive risk/reward ratios right now and that both may be players on the “same team” regarding their investment theses.  Gold Versus Bitcoin: A Historic Look  As delineado by Timmer, Bitcoin began is rallying again this year in line with “the pattern of previous boom and bust cycles.”  The asset reclaimed $35,000 per BTC on Wednesday, with market participants excited over a potential spot Bitcoin ETF approval within the next two months. Its also arguably rallied as a “flight to quality” for savers as the market loses faith in long-dated treasuries, pumping its price alongside that of gold.  “Historically, during structural regimes in which inflation runs hot, real rates are negative, and/or money supply growth is excessive, gold tends to shine and gain market share relative to GDP,” explained Timmer.  Investors have frequently compared Bitcoin to gold for its strong monetary properties, including its reliable scarcity compared to fiat currency. Some, like Michael Saylor, consider Bitcoin an even better alternative for its digital benefits and the

2023-11-05indústria

Mercado de trabalho perto de um grande alerta de recessão

One of the best near-term recession indicators is the job market. The release of October‘s jobs report showed unemployment rose to 3.9%. Small increases in the unemployment rate have historically been sufficient to trigger a recession. This is called the Sahm Rule. Now, it’s not calling for a recession yet, but it may be getting close if the unemployment rate does not improve from here.  Why It Has Worked Historically  The Sahm Rule is designed to rapidly determine if the U.S. economy is in recession, in part, so that policymakers can respond. Its designed by economist Claudia Sahm.  Using jobs data is helpful because it‘s released weeks ahead of most other economic metrics. This approach has merit because unemployment has a big impact on economic growth. Broadly two thirds of the economy is consumer spending, so when jobs are cut, it’s a fair bet that consumer spending falls, and hence economic activity typically weakens too because consumer spending is its largest component.  Constructing The Metric  The metric examines the current 3-month average of the unemployment rate compared to the low unemployment rate of the previous 12-months. The 12-month low of unemployment is currently 3.4% as occurred twice in January and April of 2023. Then the

2023-11-05indústria
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