Grayscale filed its opening briefing on October 12 in the lawsuit it brought against the Securities and Exchange Commission. According to Grayscale, the SEC has been treating spot Bitcoin ETFs with "special harshness." The Grayscale Bitcoin Trust is … [Continue reading]
GBP/JPY rallies to 163.00 amid rumours of bond-buying extension
The pound shrugs off the previous weakness to bounce up towards 163.00. Rumours about the extension of the BoE's bond-buying are buoying GBP. Downbeat GBP data confirm fears of a recession in the UK. The British pound is showing a strong … [Continue reading]
Bitgreen sweeps Polkadot’s 29th parachain auction ahead of a 14% tumble in DOT price
Polkadot price could quickly validate a 14% falling triangle breakout to $5.30. Bitgreen, a platform linking Web3 and DeFi, wins Polkadot’s 29th parachain auction. The prevailing oversold conditions may invalidate the move to $5.30. Polkadot price’s … [Continue reading]
Ripple Price Prediction: XRP at a critical juncture, could trigger a 10% crash
XRP price is hovering above an inclined trend line serving as a support level. A breakdown of this trend line could result in a 10% sell-off that could extend to $0.360. A daily candlestick close above the $0.538 hurdle will invalidate the bearish … [Continue reading]
EUR/GBP Price Analysis: Slides to 0.8800 inside weekly bullish channel on BOE chatters
EUR/GBP consolidates biggest daily gains in two weeks inside bullish chart formation. Reports that BOE could extend bond-buying triggered GBP’s immediate strength. 200-SMA adds strength to 0.8735 support confluence, oscillators also favor … [Continue reading]
EUR/GBP advances towards 0.8900 as focus shifts to ECB Lagarde’s speech/UK data
EUR/GBP is aiming towards 0.8900 as BOE’s liquidity infusion plan has violated the price stability agenda. The BOE has temporarily paused corporate bonds sale and is purchasing index-linked gilts. On Wednesday, ECB Lagarde’s speech and UK data will … [Continue reading]
Crypto exchange Bittrex fined $24 million by US Treasury for sanctions violations
According to the US Treasury, Bittrex exchange failed to stop sanctioned individuals from the Crimea region of Ukraine, Cuba, Iran, Sudan, and Syria. Bittrex accumulated over 116,421 sanctions violations between March 2014 and December 2017. In … [Continue reading]
BoE accepts 1.363 billion GBP of offers in daily long-dated gilt purchase
The Bank of England (BoE) accepted 1.363 billion sterling of offers in the daily purchase operation of conventional long-dated gilts, Reuters reported on Tuesday. The BoE rejected 47.6 million GBP of offers in the same operation. Market … [Continue reading]
GBP/USD to see a decisive break below the 1.10 level – ING
More turmoil in the UK bond market has seen the Bank of England (BoE) step in with another emergency measure, this time to support battered inflation-linked bonds. However, economists at ING expect the GBP/USD pair to slip under the 1.10 … [Continue reading]
Downside risks for sterling remain high – Commerzbank
The Bank of England (BoE) announced a temporary pause to corporate bond sale operations this week. However, the British pound is set to remain under downside pressure, economists at Commerzbank report. Stress on the gilt market “The stress on the … [Continue reading]