Due to fears of inflation and rising interest rates, Ethereum (ETH) traded with risky assets in the final session of the first half of the year. Some analysts predict greater declines in the third quarter. ETH’s price sank 6% to R17K on Thursday after four days of losses. ETH/USD has broken below its rising trendline[…]
Ethereum’s 39% price drop, follows large whales’ purchases
In the midst of a major price drop, Ethereum whales add 1.1 % of the total ETH supply to their bags.According to Santiment statistics, significant Ethereum positions have been actively amassing additional tokens over the last three weeks. Despite the mounting capitulation in the cryptocurrency market, during which ETH dropped about 40% of its value,[…]
Richest Bitcoin Whale Accumulates R1.6 billion in a Month
As the crypto market continues to fall, the richest non-exchange Bitcoin wallet is on a BTC shopping binge. The wallet, which ranks third in Bitcoin holdings behind two crypto exchange wallets, purchased 4,816 BTC in the last month, spending more than R1.6 billion. The Bitcoin wallet in question held 127,873 BTC at the beginning of[…]
Ether (ETH) falls even more as exchange inflows increase
Following a good rebound last week, Ethereum (ETH) is currently trading 9% down at R16.9K. The cryptocurrency’s market cap is approximately R2 billion at the time of writing. The economy of the world’s second-largest crypto is showing indications of weakness. If it is unable to sustain its R16.4K level, it may fall as low as[…]
The June Bitcoin price close barely beats the 2017 high, as Coinbase premium turns positive
The worst month and quarter for Bitcoin since 2011 come as Michael J. Burry cautions that US markets are only halfway down.Bitcoin (BTC) ended June 2022 slightly under $20,000 as a last-minute pump saved bulls from a 40% monthly loss. One analyst says Bitcoin could remain “boring” for months, BTC/USD spiked further towards the monthly[…]
Bitcoin endured its worst quarter in 11 years, due to market instability
During the second quarter, Bitcoin had its greatest drop in 11 years due to the crypto market collapse. Following the turmoil of May and June, the 56 % dip was its’s largest quarterly loss since the third quarter of 2011. According to CoinGecko data, bitcoin was trading hands at R319K at the time of writing.[…]
Ethereum might fall under R9.8k, as the crypto bear continues
As crypto’s turbulent June comes to a close, Ethereum appears to be on the verge of a sharp correction. Market participants are flocking to exchanges to liquidate their holdings, while Ethereum has little to no support. Ethereum is facing lower lows As selling pressure intensifies, Ethereum is poised for a major price change. Over the[…]
SEC being ‘objectively unreasonable’ by denying spot Bitcoin ETFs
Grayscale Investments CEO Michael Sonnenshein said that US regulators were “discriminating” against his cryptocurrency investing firm by continuing to deny licensing for exchange-traded funds based on Bitcoin’s current price (BTC-USD). Grayscale had filed a lawsuit against the US Securities and Exchange Commission after the regulatory body declined the firm’s registration for a Bitcoin ETF. Sonnenshein[…]
Standard Bank boosts employees’ efforts to uplift communities – Press Release
Johannesburg – Standard Bank is partnering with its employees in realising the bank’s vision of supporting local communities through its Rand4Rand initiative. The bank is matching every rand that employees donate to local charities that help communities in need, strengthening the cohesion within the leading financial services organisation. Kirston Greenop, Head: Regulatory Advocacy, Stakeholder Engagement[…]
Coronation preservation fund review 2022
The Coronation Preservation Fund enables those who want to preserve the value of a retirement fund with a platform to grow their money further. The Coronation Preservation Fund can provide more value for clients, and clients can grow their money instead of having it saved. Inflation will be something that an investor will not worry[…]
