Author: MNK News
In brief GalaxyOne is set to compete with the likes of Coinbase and Robinhood. The platform offers “premium” yield for accredited investors. Galaxy has historically catered to financial institutions. Galaxy Digital, a crypto-focused financial services firm for institutions, unveiled a platform for individual investors on Monday, putting it in direct competition with platforms like Kraken and Robinhood that offer both cryptocurrency and equities trading.The service, called GalaxyOne, has a dedicated mobile app, the company said in a press release, while highlighting features that it thinks could chip away at an industry dominated by a handful of firms in the U.S.,…
In brief GalaxyOne is set to compete with the likes of Coinbase and Robinhood. The platform offers “premium” yield for accredited investors. Galaxy has historically catered to financial institutions. Galaxy Digital, a crypto-focused financial services firm for institutions, unveiled a platform for individual investors on Monday, putting it in direct competition with platforms like Kraken and Robinhood that offer both cryptocurrency and equities trading.The service, called GalaxyOne, has a dedicated mobile app, the company said in a press release, while highlighting features that it thinks could chip away at an industry dominated by a handful of firms in the U.S.,…
Ethereum price started a steady increase above $4,500. ETH is now consolidating and might aim for more gains if it clears the $4,620 resistance. Ethereum remained stable above $4,450 and started a recovery wave. The price is trading above $4,500 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line forming with support at $4,490 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move up if it settles above $4,550 and $4,620. Ethereum Price Gains Over 5% Ethereum price remained supported above the $4,320 level and started a fresh increase,…
Bitcoin price started a strong increase and traded above $124,000. BTC is now consolidating gains and might aim for a fresh rally in the short term. Bitcoin started a major increase above the $123,500 zone. The price is trading above $122,000 and the 100 hourly Simple moving average. There is a short-term bullish trend line forming with support at $123,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might continue to move up if it clears the $124,500 zone. Bitcoin Price Starts Fresh Rally Bitcoin price managed to stay above the $120,000 zone and…
LOMBOK: Newly crowned world champion Marc Marquez and polesitter Marco Bezzecchi crashed out at high speed after colliding in the opening lap as Spanish rookie Fermin Aldeguer won a chaotic Indonesia MotoGP on Sunday. Spanish great Marquez “suffered an injury to his right collarbone” and will fly to Madrid for medical tests, his Ducati team tweeted, with fears he may have a fracture. Ducati-Gresini rider Aldeguer pulled away and cruised to a maiden victory after Bezzecchi ran into the back of Marquez, sending both flying off their bikes. Aldeguer finished more than six seconds ahead of KTM’s Pedro Acosta in…
XRP has defended support at $2.90 and made several attempts to push above $3.10 over the past week. Although XRP bulls have managed to hold above $3, the cryptocurrency hasn’t really followed rallies witnessed by Bitcoin and Ethereum in the past 24 hours. Nonethless, XRP’s price action in the past few days has caused its price chart to print a new technical setup that has previously marked the beginning of significant rallies, and history might repeat itself again. Related Reading Bullish XRP Technical Signal Reappears Technical analysis of XRP’s 3-day candlestick chart shows that the cryptocurrency is currently repeating a…
Brenda Smith didn’t know what a cryptocurrency ATM was before she was directed to deposit more than $12,000 cash into two of the machines last year as part of an elaborate cyber scam.The 76-year-old Calgary retiree suffered a stroke a few months before that, which she says was affecting her cognitively. “They’re so convincing, and unfortunately I was vulnerable,” Smith said.”He did walk me through what to do, and so of course, I just deposited the money and never really gave it a second thought.”Crypto ATMs might look a lot like a traditional banking machine, but instead of dispensing cash from…
Dogecoin has shown signs of renewed momentum after reclaiming ground above $0.26 in the past 24 hours, but it hasn’t made a clean breakout yet. Nonetheless, crypto analysts are bullish on the meme coin, and a few of them have highlighted important support, resistance, and breakout levels. As it stands, Dogecoin path to $0.3 still holds merit, and its reaction here will determine how its price action plays out. Analysts Map Out Bullish Setups And Near-Term Targets The $0.30 level, in particular, stands out as the next critical threshold for Dogecoin: both as a psychological and technical marker that could…
Bitcoin pushed to a fresh all-time high on Sunday, trading above $125,000 in Asian hours as markets extended gains into October. According to reports, the token rose about 2.7% to roughly $125,245 on the day, topping its prior August peak near $124,480. Related Reading Institutional Flows And Political Signals Based on reports, a large wave of demand through US-listed spot Bitcoin ETFs has been a key fuel for the move, with weekly net inflows into those funds reported at around $3.24 billion. Investors and traders also pointed to a weaker US dollar and broader equity strength as helping push prices…
A Kremlin-backed cryptocurrency operation appears to have succeeded in circumventing US sanctions, moving at least $6bn since August when some of its entities were blacklisted — highlighting the limits of western efforts to curb Russia’s financial flows.More than 80 per cent of A7A5, a stablecoin at the heart of Russia’s growing cross-border payments empire, was swiftly destroyed and recreated to be cleared of links to a crypto exchange that had been just sanctioned by Washington, according to a Financial Times analysis.A7A5 is part of A7, a growing cross-border payments system built as an alternative to the US-led financial system, from…