Author: Vidya Saras

Bitcoin and the U.S. dollar have a long-standing inverse correlation, notably when observing the Dollar Strength Index (DXY). When the dollar weakens, Bitcoin often gains strength, and this dynamic might now be setting the stage for restarting the BTC bull cycle.DXYThe Dollar Strength Index (DXY) measures the value of the U.S. dollar against a basket of other major global currencies. Historically, a declining DXY has often coincided with significant rallies in Bitcoin’s price. Conversely, when the DXY is on the rise, Bitcoin tends to enter a bearish phase. Figure 1: Bitcoin and DXY have historically been inversely correlated. View Live Chart…

The two most popular cryptocurrencies in the world are Bitcoin (BTC) and Ethereum (ETH), and many novice cryptocurrency investors start their crypto journey with these two.Bitcoin Vs Ethereum — Which is Better Investment in 2023People often consider Bitcoin and Ethereum as the Cristiano Ronaldo and Lionel Messi of the Crypto world. However, they are thought to be №1 and №2 in terms of total market cap and public reputation. One may see that these two notions serve quite distinct functions as we go deeper into their specifics.2021 was a fantastic year for cryptocurrency. Most of the largest currencies increased by…

ConsenSys is set to deploy Linea, its ZK-rollup network, to the main Ethereum network. Linea uses zero-knowledge (ZK) cryptography to offer cheaper and faster blockchain transactions; ConsenSys says fee rates, known as gas prices, will be 15 times less on Linea than Ethereum. ConsenSys says it does not currently have plans for a Linea token. ConsenSys, the research and development firm behind the popular Metamask crypto wallet, plans to roll out its layer-2 network, Linea, to the main Ethereum network this week. The so-called rollup network is known as a zkEVM, which means it relies on zero-knowledge (ZK) cryptography –…

PRESS RELEASE – Hexagon’s Safety, Infrastructure & Geospatial division announced that IP Telecom – Infraestruturas de Portugal Group, one of Portugal’s largest fiber optic providers, selected Hexagon solutions for planning, maintaining and optimizing the company’s nationwide fiber network. IP Telecom’s extensive network includes nearly 7,000 km of cables delivering services to customers across the country, including Portugal’s national rail and road infrastructure. The Hexagon digital twin solutions will increase the daily productivity and enable IP Telecom to provide a more resilient communications network that can be expanded effectively and efficiently. Having a real-time digital representation will enable staff to pinpoint…

Kamala Harris could support crypto to a greater extent than Joe Biden but may also pursue investor protections. Democratic U.S. presidential candidate Kamala Harris will support growth of the crypto sector in her policies, Bloomberg reported on Aug. 21. Senior campaign advisor for policy Brian Nelson commented on the matter. During a Bloomberg News roundtable at the Democratic National Convention, he said: “[Harris is] going to support policies that ensure that emerging technologies and that sort of industry can continue to grow.” Harris is still expected to impose broader safeguards on the crypto sector. Nelson stressed the Harris campaign’s…

In 2012, Amazon quietly acquired a robotics startup called Kiva Systems, a move that dramatically improved the efficiency of its ecommerce operations and kickstarted a wider revolution in warehouse automation.Last week, the ecommerce giant announced another deal that could prove similarly profound, agreeing to hire the founders of Covariant, a startup that has been testing ways for AI to automate more of the picking and handling of a wide range of physical objects.Covariant may have found it challenging to commercialize AI-infused industrial robots given the high costs and sharp competition involved; the deal, which will also see Amazon license Covariant’s…

RTFKT, the innovative creator-led company renowned for its next-gen sneakers and metaverse collectibles, has officially unveiled its eagerly awaited collection, Project Animus. This project marks a significant milestone in RTFKT’s journey, introducing a new dimension to their digital universe after a long development period. However, the initial market response has been underwhelming, with the revealed Animi trading at a floor price of 0.05 ETH, significantly lower than the 0.09 ETH floor price of the eggs. The Genesis of Project Animus Initially introduced in October 2022, Project Animus features a unique ecosystem of digital creatures called Animi. These Animi are designed…

Controversial SEC chair Gary Gensler could be nominated Secretary of the U.S. Treasury assuming a Democratic victory. U.S. Securities and Exchange Commission (SEC) chair Gary Gensler could be nominated to the position of Treasury Secretary if Kamala Harris wins the U.S. presidential elections, the Washington Reporter said on Aug. 19. The self-described right-of-center news outlet cited unnamed senior Senate staffers, adding that the rumors support past statements from top Republicans. The Washington Reporter added that Republican Senate staff expect senators in their own party to oppose such a nomination. Democratic representatives are expected to support Gensler’s nomination. The Reporter anticipated…

The long-running legal battle between Ripple and the US Securities and Exchange Commission (SEC) has yet to be concluded despite Judge Analisa Torres’ August 7 ruling, which appeared to have ended the case. This follows a recent development showing that the SEC is still considering appealing the court’s ruling.  Ripple Requests Stay On Monetary Judgement Ripple recently filed a letter requesting a stay on the court’s monetary judgment awarded against the crypto firm in favor of the Commission. In her judgment delivered on August 7, Torres ruled that Ripple should pay the SEC a fine of $125 million for violating…

Trading is no longer a sphere controlled by stock pundits, thanks to technological advancements and better knowledge of the stock market. Today, everyone may trade and make a profit. Intraday trading is a critical component of trading.Intraday Vs Arbitrage Trading in cryptocurrencyWith cryptocurrency’s popularity growing in recent months and years, a new breed of investors, ranging from millennials to baby boomers, is experiencing FOMO and pouring into cryptocurrencies. Traders are looking at new ways to benefit from a sector that does not appear to be slowing down. Among the various methods of trading crypto coins on an exchange is an…