Trade

Time for Intervention

Published

6 years ago

August 31, 2018

eToro

Those of you who have been following markets closely these last few weeks have noticed that in addition to me travelling around a lot, a few of the emerging markets have been experiencing turbulence.

The US economy has been performing phantasmagorically, which in turn is causing the Federal Reserve to tighten the screws on the economy, which in turn, despite Donald Trump's best wishes, is causing the Dollar to surge, especially against it's much weaker counterparts.

The Turkish Lira has been a main focus for many. Erdogan is doing his best to sweet talk the currency upwards this morning and has seen some mild success but the Lira is still on track to see its worst monthly performance in 17 years.

What really shocked global onlookers today was the announcement from Argentina's central bank...

The Peso has dropped more than 100% against the US Dollar since the beginning of the year, prompting the Central Bank of Argentina to introduce what is currently the highest interest rate in the world.... by far.

It is in these countries where economic stability is lowest that cryptocurrencies could help most. Argentina, in particular, has turned to bitcoin several times in the last few years during times of economic distress and it seems that with the current curency depreciation, they have every incentive to do so again.

Please note: All data, figures & graphs are valid as of August 31st. All trading carries risk. Only risk capital you can afford to lose.

Traditional Markets

As far as it seems, we may see a new trade deal for North America today, or sometime this weekend. This ramps up pressure on China as Trump's consideration of new tariffs on $200 Billion worth of trade looms.

Asian and European stocks have been running red for the better part of the week and the United States joined them yesterday. Sill, even with yesterday's down-tick Wall Street is still sitting pretty for the month.

Markets Consolidating

With the Dollar at a decision point, we're seeing many markets in a period of consolidation. This shouldn't be confused with relaxation though.

The VIX volatility index has spiked during yesterday's session indicating that volatility is prevalent at this time.

Crypto As Well

The crypto markets also seem to be in consolidation mode. The two main outliers are EOS and IOTA, which are both up about 5% over the last 24 hours.

As in the traditional markets at this time, just because the price is experiencing little movement, don't be fooled. There's a lot going on under the surface. For example, check out Bitcoin's transaction rate creeping up over the course of this week.

And, as we highlighted yesterday, the hashrate is starting to pick up.

Related Topics:Bitcoin Activity Picking up Further Consolidation Pressure on Asia

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XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange

Published

3 years ago

January 25, 2021

chainwire

Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //

Xeno Holdings Limited (xno.live ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.

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XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata

Published

3 years ago

December 24, 2020

chainwire

Hong Kong, Hong Kong, 24th December, 2020, // ChainWire //

The XENO NFT Hub (https://xno.live) will provide a crypto-powered digital items and collectables trading platform allowing users to create, buy, and sell NFTs. Additionally it will support auction based listings, governance and voting mechanisms, trade history tracking, user rating and other advanced features.

As a first step towards its fully comprehensive service, XENO NFT Hub launched a recent VIP service to select users and early adopters in December 2020 with plans for a full Public Beta to open in June 2021.

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chainwire

Tokyo, Japan, 24th November, 2020, // ChainWire //

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The MCH coin will be used as a voting right as part of the ecosystem’s governance, with 1 coin being 1 vote. It will also be used for in-game utilities and payments. Additional information can be found here:

https://medium.com/mycryptoheroes/new-ecosystem-with-mchcoin-en-a6a82494894f

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