Education News

  • Spheroid Universe Coin to be Listed on MEXC Exchange
    by ForexLive on June 5, 2023 at 10:01 am

    Spheroid Universe, a futuristic Metaverse that augments the real world in every part of the Earth, is announcing that their token, SPH, will officially be listed on MEXC today, on June 5th. Founded in 2018, MEXC (also known as MEXC Global) is a rapidly-growing cryptocurrency exchange with more than 6 million users in over 200 countries, including the USA, UAE, Canada and Australia. MEXC is regularly featured as one the top exchanges globally for trading volume. The exchange offers one of the widest ranges of cryptocurrencies with over 1,500+ coins listed on the platform. It brings a wealth of experience listing top-performing tokens, with a reach that only a handful of exchanges in Crypto have, helping Spheroid Universe go global. The move follows the company’s recent launch of ChatGPT-powered artificial intelligence (AI) Avatars that will inhabit the world around us via augmented reality (AR). This ground-breaking development will deliver breakthrough opportunities across numerous business platforms - from e-commerce and retail to advertising, sales, general customer, and consumer interactions and more. Commenting on the announcement, Andrey Almiashev, CEO, of Spheroid Universe said: “Launching our token on MEXC will place SPH firmly on its trajectory towards growth as well as will bring the bandwidth that aligns with our aspirations for Spheroid Universe - putting Spheroid Universe as a leader in the metaverse projects, and the entire Extended and Augmented Reality industry.” Spheroid Universe aims to be the battle-tested AR/XR platform across the entire landscape of web3, XR/VR and metaverse industries, ultimately helping to define the internet experience of the future. Brands and organizations that are looking to create an immersive digital experience will make Spheroid Universe the place where they can truly demonstrate innovative experiences. About Spheroid Spheroid Universe (, an Extended Reality Metaverse company. It’s a platform for developing Extended Reality projects. The technological basis of the platform is the Spheroid XR Cloud and the Spheroid Script programming language designed for AR/XR creation. SPH is the native token of the Spheroid ecosystem that fuels the activities of the platform. It can be exchanged for Spaces (virtual lands of the Spheroid Universe), used for advertising in AR/XR, placing content, and for various platform services. Among the products powered by SPH there is Spheroid Earth – an open global project for creating Earth 3D Digital Twin. For further details, please visit Spheroid Universe's Official website or follow them on Twitter and Instagram. This article was written by ForexLive at

  • FBS Broker Supports iFX Expo Asia 2023, Contributing to the Global Business Connection
    by ForexLive on June 5, 2023 at 9:08 am

    FBS, a renowned international brokerage company, is proud to announce its sponsorship for the upcoming iFX Expo Asia 2023, scheduled for June 20-22 in Bangkok, Thailand. As part of its engagement in the major B2B event, the global fintech organization, FBS, aims to contribute to the success of the Expo and benefit the advancement of Asia’s financial sector. During iFX Expo Asia 2023, FBS will provide an opportunity to connect with its representatives and share information on the comprehensive range of products and fintech solutions the company has developed over its 14 years in business. As a Silver Sponsor of the event, the CFD trading broker will have its own exhibition booth, which will serve as a hub for insightful expert discussions and one-on-one consultations. "While FBS operates globally and serves clients from more than 150 geographies, we are excited to be part of the iFX Expo Asia, held this year in Thailand, and demonstrate our many-year expertise in the field," said Ksenia Molodkina, Strategic Marketing Director at FBS. "This event represents a significant platform for us to engage with industry leaders, foster partnerships, and contribute to the growth and development of the Asian financial sector." iFX Expo is recognized as the world's first and largest business-to-business financial exhibition, bringing together online trading, financial services, and fintech professionals from Europe, Asia, and the Middle East. With over a decade of success, this networking event has become a key meeting place for industry leaders, offering unparalleled opportunities to network with C-level executives from prominent international companies. FBS will welcome visitors to its booth #3 at iFX Expo Asia 2023, held at the Centara Grand & Bangkok Convention Centre at CentralWorld from June 20 to 22. About FBS FBS is a licensed worldwide broker with over 14 years of experience and more than 75 international awards. FBS is steadily developing as one of the market’s most trusted brokers, with its traders numbering more than 27,000,000 and its partners exceeding 500,000 throughout the globe. Its annual trading volume is over $8.9 trillion. This article was written by ForexLive at

  • Pink Moon Studios Reveals 'KMON: World of Kogaea' Pioneering a New Era in Web3 Gaming
    by ForexLive on June 5, 2023 at 8:29 am

    Pink Moon Studios, a leading innovator in the Web3 gaming industry, is thrilled to announce the launch of their latest sensation, "KMON: World of Kogaea." This immersive 3D open-world game, available initially to Kryptomon NFT holders, underscores Pink Moon Studios' expertise in crafting groundbreaking NFT metaverse games, harnessing the power of state-of-the-art Web3 gaming technologies. Unveiling Pink Moon Shards: Ultra-Exclusive NFT Rewards for "KMON: World of Kogaea" Players Pink Moon Studios has orchestrated a series of immersive campaign activities to celebrate the game's launch. Foremost among these is the introduction of the "Pink Moon Shards," unique tokens crafted using ERC-1125 blockchain technology that will be only available by completing the quests players will be given in World of Kogaea during the Early-Community Preview events. Exclusive to the game's Early-Community Preview launch events, these shards will serve as tradable NFTs, bringing unprecedented rewards to the players. The Pink Moon Shards present a unique opportunity for players to later interact during the game’s official release with the “KMON Forge,” Pink Moon's pioneering on-chain crafting system. This system allows players to craft limited-edition NFTs that can't be found elsewhere in the game, offering holding players significant advantages throughout the KMON Game Saga. Following the game's official release, the shards will be airdropped into the players’ wallets based on their performance and event participation. Brian Bento, the Chief Product Officer at Pink Moon Studios, shares his enthusiasm: "The launch of our initial community tech preview for 'KMON: World of Kogaea' is a monumental event we've eagerly awaited. It’s an invitation to our players to be the first to experience this new massive world we've brought to life. The unveiling of the exclusive Pink Moon Shards is equally exciting. These unique tokens represent a pioneering approach to in-game rewards, enhancing our players' experience while enriching our gaming ecosystem. I'm ecstatic about what we're bringing to the world of Web3 gaming, and I can't wait to see our players dive into the captivating world of Kogaea to see what we have in store for them in the future.” In addition to the exclusive shards, Pink Moon Studios will launch a vibrant community campaign spanning various social media platforms, in which participants will get an opportunity to win free Kryptomon NFTs for completing a few simple steps, providing a compelling incentive for players to engage in the celebration of the game's official release. More information about the campaign can be found on the official website of KMON World of Kogaea. Meet the Creators: Exclusive Live Streaming Event To commemorate this exciting release, Pink Moon Studios will host an exclusive live-streaming event where the community can meet the team behind "KMON: World of Kogaea" ( The creators will step into the world they've designed, exploring and experiencing it alongside community members while providing insights about the game's creation and its unique Web3 gaming mechanics. This exclusive streaming event, which will feature Pink Moon Studios' CEO Umberto Canessa Cerchi and other leadership members, will take place during the launch week. Revolutionizing the Gaming Industry with KMON Games Since its inception, Pink Moon Studios has been at the forefront of innovation in the gaming landscape with its KMON Game Saga, all powered by the transformative potential of blockchain technology. This dynamic gaming universe allows players to breed, train, and battle with their NFT Kryptomon, forging unique digital companions. The long-awaited "KMON: World of Kogaea" is a ground-breaking Web3 blockchain-enabled game that plunges players into an extraordinary 3D open-world metaverse experience, seamlessly integrating with the other two KMON games “Genesis”, its 2D casual training and battling game, and “Pink Moon”, the company’s AR treasure-hunt game. "World of Kogaea" offers players a multifaceted interaction with their Kryptomon NFTs across multiple platforms, propelling the gaming experience to unprecedented levels. The "KMON: World of Kogaea" launch is a testament to Pink Moon Studios' robust capabilities and achievements in the Web3 gaming industry. As the world of blockchain technology continues to evolve, the gaming experiences offered by innovators like Pink Moon Studios promise to ascend to even more impressive heights. Umberto Canessa Cerchi, the CEO of Pink Moon Studios, expressed his excitement about the launch: "The unveiling of "KMON: World of Kogaea" marks a significant milestone for Pink Moon Studios and the Web3 gaming industry. This revolutionary game underscores our commitment to leveraging the power of blockchain technology and our groundbreaking Web3 gaming technologies to redefine the gaming landscape." Riding the Wave of Remarkable Success Pink Moon Studios has already demonstrated significant success, amassing a noteworthy $11.4 million in two funding rounds and fostering a dedicated community of almost 450,000 members across various social platforms. This achievement reflects the company's commitment to creating immersive gaming experiences and has drawn the attention of industry-leading partners, including Binance NFT, NFT, and others. Already during its first seven months of existence, Pink Moon Studios has generated over $18M in Kryptomon NFT transaction volumes alone, demonstrating its ability to fascinate the gaming community. Beyond funding and partnerships, Pink Moon Studios' relentless pursuit of innovation has led to the development of path-breaking technologies. These include the unique "Diamond Contract" and the on-chain "NFT Forging System," allowing players to engage with their Kryptomon innovatively, fostering a unique digital bond. Additionally, introducing its crypto and non-crypto user-friendly “Trainer Hub” and "KMarket" NFT marketplace has revolutionized how players buy and sell blockchain-based assets, providing seamless transactions without prior crypto knowledge or a crypto wallet. The Dawn of a New Era in Gaming The debut of "KMON: World of Kogaea" marks the beginning of an exciting new chapter in gaming, promising even more thrilling, immersive, and engaging experiences. As Pink Moon Studios continues to redefine the gaming industry with its unique blend of cutting-edge technology and inventive gameplay, it's well-positioned to become a trendsetter in the rapidly evolving world of digital entertainment. "KMON: World of Kogaea" is just the beginning, and the gaming community eagerly awaits the new waves of innovation that Pink Moon Studios is set to bring in the years to come. The future is certainly promising for Pink Moon Studios as they continue their journey, redefining the gaming landscape and delivering unparalleled experiences to players around the globe. About Pink Moon Studios Pink Moon Studios, initially known as Kryptomon, is a cutting-edge technology company established in 2021, specializing in pioneering Web3 gaming solutions. Composed of a vibrant team of experienced developers and entrepreneurs, they harness the power of blockchain technology, non-fungible tokens (NFTs), and augmented reality (AR) to reshape the gaming industry. Offering a suite of innovative services including the Diamond Contract, NFT Forging, Phygital NFTs, and the AR NFT Hunt, Pink Moon Studio aims to create immersive, engaging, and innovative gaming experiences that transcend traditional gaming boundaries. In addition to gaming innovation, Pink Moon Studio is deeply committed to social responsibility and environmental sustainability, indicating their dedication to driving positive change in the world. Their vision is not only to revolutionize gaming but also to foster a more responsible and sustainable future for the industry. This article was written by ForexLive at

  • DPAT Raises Private Funding To Enhance Web3.0 Ecosystem
    by ForexLive on June 5, 2023 at 8:01 am

    DPAT, the first Web3 crowdsourcing platform designed to connect investors with real estate and infrastructure opportunities in major African cities, has announced the launch of its highly anticipated updated roadmap and revamped website. Positioning itself as a bridge to new emerging economies, the Ethereum-backed Web3 investment platform is set to attract investors, crypto advocates, and entrepreneurs alike by offering a say in what gets built, by whom and for who in markets where they believe success is only lacking the right type of funding. The road map for the Direct Property Africa Token (DPAT) project demonstrates its scope and endurance. Initially, focusing on 15 cities in 12 countries to establish systems, processes, and legal precedent. The project team will reinvest the funds received to support the ongoing development of custom solutions such as a seamless marketplace checkout and simple developer onboarding processes. Project Lead for DPAT, Mustafa A said: “The feedback from our community matters to us, and we have taken that into account. We continue to build applications with the end user in mind and revamping our website and processes to provide an enhanced user experience is a sign of things to come.” Beyond the new website built to make it easier to navigate and access project information, the marketplace will help developers smoothly list their projects and engage with their community by offering rewards and equity-based NFTs to swiftly raise capital at prices that are competitive with banks and other traditional lenders. To further show its support to the African real estate industry, DPAT will work closely with agents and developers in project cities to increase knowledge, simplicity and security through implementation and integration of Web3 technology to digitise and update current business models. The project is currently in its presale phase and shortly after completion in August, Direct Property Africa will roll out the NFT crowdsourcing marketplace and increase its core team. DPAT will initially launch on Uniswap and list on tier 1 centralized exchanges a few weeks later. With an ambitious road map, DPAT is on track to disrupt how developers finance projects and the community access African assets. All while showcasing a different side and image of the continent. About Direct Property Africa Token (DPAT) Direct Property Africa ( is a Web3 real estate and infrastructure ecosystem including a crowdsourcing marketplace for local developers to raise funding for projects in major African cities like Cape Town, Lagos and Accra with fractional ownership using asset-backed equity NFTs. DPAT is the utility token of the Direct Property Africa ecosystem offering rewards and privileges to holders. This article was written by ForexLive at

  • Green Real Estate Project Qlindo Debuts on MEXC
    by ForexLive on June 1, 2023 at 7:58 am

    In a defining moment for green real estate investment accessibility, Qlindo, the innovative project making waves in sustainable investing, announces its listing on the MEXC Exchange on May 31, 2023. Prior to this exciting development, Qlindo carved a niche of reliability and impact in the green real estate and energy sector. From successfully completing an audit by CERTIK, one of the most respected auditing firms in the crypto industry, to forging a strong alliance with TechWoodHomes, Qlindo has consistently demonstrated commitment to its mission. As a result, the first green real estate projects have been funded, bolstering Qlindo’s impact in the market. Moreover, despite the prevailing bear market conditions, Qlindo has maintained an impressive uptrend, appreciating by over 100% over the past year. This remarkable performance is attributed to early investors' steadfast faith in Qlindo’s long-term vision. The listing on MEXC will broaden Qlindo's reach, enabling a wider audience to engage with the project and fostering potential growth and interest. In the spirit of celebration, MEXC Exchange will be hosting a grand Kickstarter Token Raffle. The event features an astounding prize pool of 10,000 USDT and 890,000 QLINDO tokens to be won. Users can participate in the raffle and stand a chance to win rewards. Users can find more details and join, by visiting the MEXC Kickstarter platform. Michael Marczell, COO of Qlindo, expressed his enthusiasm about the development: "We are very pleased that the listing on MEXC makes it even easier to invest in QLINDO and, therefore, green real estate and green energy. QLINDO stands for accessible impact investing, and we are just getting started. Many thanks to MEXC." But the exciting news doesn't end there. Qlindo is planning to announce another utility for its token in the upcoming weeks, adding even more value for its holders. While details remain under wraps, the update is set to further Qlindo's mission of making real estate investments more accessible for retail investors. Users can be part of Qlindo's groundbreaking moment by exploring the opportunities with QLINDO token. Embrace the future of green real estate and green energy investing, contributing to environmental sustainability and potential financial growth. To participate, users can create an account on the MEXC Exchange, where trading will begin on May 31, 2023. About Qlindo Qlindo ( is a project focused on bridging the gap between Blockchain Technology, and Green Real Estate and Renewable Energy Investment Opportunities. Through the QLINDO token, users are now able to invest in a diversified portfolio of green projects, led by an industry-leading expert team. The technology also allows investors to participate with their preferred amount, skipping the traditional interference of a middleman. Qlindo also collaborates with well-reputed and hand-picked real estate organizations such as TechWoodHomes to allow access to up-to-the-minute niche investments. This article was written by ForexLive at

  • High-security stock: CrowdStrike shares
    by ForexLive on May 30, 2023 at 4:01 pm

    No doubt you know how a secure password looks like – capital and lowercase letters, numbers and special characters. If you’ve been unaware of this rule, then share your email and current password in comments below – we will help you to think of a stronger password. Disclaimer: of course, this is a joke and please, please, please do not leave a comment with your personal info. But cybersecurity is a conspicuous topic nowadays, and cybersecurity companies are on horseback. One of them is CrowdStrike Holdings, which has already experienced a 40% growth since the beginning of the year. And many analysts believe that this growth is far from over – let’s explore the reasons behind their optimistic outlook. CrowdStrike is a relatively young company that was founded in 2011 and became public in 2019. The chart below shows what happened after that – more than 120% percent growth in just three and a half years. However, at present, the company's numbers are far from their all-time highs. Okay, historical data is important, but we should look closer at the current situation. The following chart compares CrowdStrike's stocks with the S&P 500 index in 2023, indicating outstanding results for CRWD this year. Among other things, it’s important to remember that a variety of events might influence markets as well as indices or stocks. It means you should forecast what happens next using special trading tools. One of them is the economic calendar, helping track all the major economic events. The secret of CrowdStrike’s success lies in its exclusive focus on cloud-based technologies. While some can see a limit for growth, this strategy actually enables cost-effectiveness and facilitates a subscription-based model for CrowdStrike services. Consequently, it’s easier to scale the business and engage new customers. If you are reading this text sitting at home or in a cafe (instead of the office), you are among the individuals contributing to CrowdStrike's additional profit. The higher the number of remote workers, the higher the number of new clients for cybersecurity companies there are. And this trend extends beyond just remote work. So there is definitely room for continued growth. Also, CrowdStrike widely leverages trending stuff such as AI and machine learning – it adds the points to the company in the eyes of investors. So, we have a fast-growing industry and one of the leaders in this industry. Can you name a more iconic duo? However, it's important to acknowledge that no company is without its drawbacks. For CrowdStrike, one such concern is the deceleration of growth in total revenues. The company's quarter-to-quarter performance might be a factor that discourages some investors. Despite this, CrowdStrike has a tempting consensus forecast, projecting a 16% increase in the next 12 months. Moreover, most analysts rate the company as a “‘Strong buy”. The abovementioned factors may speak in favor of buying the company’s stock, but it's essential to remember that market conditions can change daily. Therefore, conducting thorough research is crucial before making any trading decisions. This article was written by ForexLive at

  • Vertex Labs Acquires Digimental Studio For $12 Million
    by ForexLive on May 30, 2023 at 9:37 am

    Vertex Labs (, the brain behind the Caduceus metaverse protocol, Vertex Network and 3D metaverse platform, LightCycle, has acquired London-based digital art studio, Digimental Studio (Digimental), the driving force behind blue-chip 3D NFT fashion brand, HAPE for US$12 million. The acquisition completes offering as the world’s leading provider of Web3 and AI infrastructure and marks a pivotal milestone for the global metaverse industry. Through its acquisition of Digimental, will introduce a staking programme for its HAPE community members. Building on HAPE’s collaborations with Italian fashion giant, Diesel and iconic global lifestyle brand, Jagermeister, HAPE will continue to form new partnerships with fashion, lifestyle and luxury players, providing them with unprecedented access and infrastructure support within the Web3 space. The shared vision is for HAPE to become the go-to destination within the fashionverse and a home for its community members, through its integration into’s 3D metaverse platform, LightCycle. Digimental will lead on the creation and development of LightCycle. Founded in 2011, Digimental Studio launched its prolific brainchild, HAPE, in 2021; with a current trading volume $US200 million, HAPE boasts the largest NFT community in the world with over 420,000 members on Discord and a global, cross-platform community of over 1 million members. HAPE rapidly achieved cult status and an insatiable collector-based following for its iconic digital art, rooted in cultural cues from street fashion, tech and music. Its release of 8,192 minted HAPES (unique Ethereum-based NFTs), broke NFT-release records when it drew in 450,000+ global community members to its HAPE Discord channel, with resale purchases exceeding US$20,000 per HAPE on OpenSea. S olidifying its foothold within the fashionverse, HAPE went on to partner with Italian fashion giant, Diesel, earlier this year to launch a co-created, limited edition NFT collection, offering exclusive physical and digital rewards; the collaboration forms part of HAPE’s wider commitment to innovate together with brands, bridging the gap between Web2 and Web3. The merge builds on’s strategic partnership with HAPE, formed to supercharge HAPE’s ecosystem by providing a vital infrastructure layer for Web3 projects and through the integration of tokenomics.’s metaverse, Web3 and AI infrastructure is powered by decentralised edge rendering and offers an unparalleled solution. Its Caduceus metaverse protocol is modular and easy to adopt, with up to 100,000 fast transactions per second, extremely low gas costs and compatibility with EVM. This means developers can use its decentralised real-time edge rendering and AI computing for migration, immersion and streaming. The merge also saw the successful integration of $CMP token into HAPE’s native ecosystem, enabling holders to purchase on-chain digital clothing within the HAPE marketplace, using CMP, to create a seamless metaverse experience. Ander Tsui, Founder & CEO of said: “Web3 is nothing without content. We have developed the world’s first blockchain dedicated to metaverse development and now, by adding Digimental to our stable – together we can truly push the boundaries of the digital world, providing the infrastructure for the future of fashion and entertainment. HAPE’s community is paramount in our growth strategy and we’re excited that, through tokenisation and our soon-to-launch staking programme, HAPE and CMP token holders will reap the rewards.”Matt Sypien, Founder, Digimental Studio added: “Joining forces with Vertex Labs opens up an exciting new chapter for Digimental Studio. As we enter the Hape 2.0 era, our collaboration will push the frontiers of the digital world. Cultivating a loyal and engaged community has always been at the heart of HAPE’s success. With Vertex Labs’ support, we will take this to the next level and offer our community unparalleled access and experiences in Web3. We are excited to forge new partnerships with bands leading the zeitgeist in fashion, music and culture and we are committed to continuing to innovate together.” About Vertex Labs Vertex Labs is a Metaverse, Web3 and AI infrastructure provider, powered by decentralised, real-time edge rendering engine. Its cutting-edge technology includes: A metaverse graph consensus mechanism enabling large-scale parallel processing that outmatches traditional Layer 1 protocols; a real-time edge rendering engine with flexible distributed real-time rendering technology delivering improved efficiency and lower costs for all users; interactive metaverse technology with extensive device and devkit support, enabling seamless creation and experience of immersive 3D models and environments. About Digimental Studio Founded and Directed by Matt Sypien, Digimental Studio offers design-led Web3 services and has numerous industry awards. As the first NFT collection by Digimental Studio, Hape launched in January 2022 to tremendous success, crashing OpenSea twice due to high demand. It continues to lead innovation in the Web3 space, operating at the intersection of fashion, lifestyle and culture. Matt Sypien Bio: Digimental (Matt Sypien) is the Director of Digimental Studio and Founder of Hape. Hailing from Krakow, Poland and now London-based, Digi evolved his passion for all things creative from a hobby into a career. His creativity spans a variety of media and techniques such as digital imaging, print and packaging, film and television production. His diverse client list includes Chelsea FC, Nike, Christies, Four Seasons, Google, Audi, Skrillex, The Economist, among many others. Digi's distinctive artworks have earned him numerous industry awards and global recognition. This article was written by ForexLive at

  • AAAFx: Offering a Seamless Experience from Onboarding to Investing and Fund Withdrawal
    by ForexLive on May 30, 2023 at 6:06 am

    The widely known and trusted Forex and CFD broker, AAAFx, offers an unparalleled assortment of reliable and secure deposit and withdrawal options at a 0% service fee to accommodate its clients’ diverse payment method preferences. With 15 years of service on its shoulders and a client base extending to over 176 countries, the broker has displayed a serious commitment to providing optimal trading and investing opportunities to everyone, living and breathing through its values of excellence, integrity, transparency and honesty. Rich choice of deposit and withdrawal options True to its vision to improve accessibility to financial services and products, AAAFx provides access to a variety of deposit and withdrawal options, enabling clients to select the payment method they deem most reliable, convenient and secure. Irrespective of their location, clients can find a suitable deposit and withdrawal method that caters to their needs. The available options are: ● Bank cards: One of the fastest and most convenient account funding methods available that involves making direct debit and credit card payments from Visa and Mastercard. ● Bank wire transfers: An ideal choice for traders who avoid third-party payments or have no credit card. Clients can choose from various payment options, including Eurobank, Swissquote and FNB (for global clients). ● E-wallets: The broker accepts payments through some of the most popular e-wallets, including FairPay, VirtualPay, Skrill and Neteller. ● Cryptocurrency: A fast means of executing deposits and withdrawals. The cryptocurrency funding options available include Ethereum, Bitcoin and USDT. ● Other methods: The company offers a selection of region-specific deposit and withdrawal methods to suit its global clientele, such as UnionPay (for Chinese residents), Giropay (for German clients), EPS (Austrian), as well as alternative payment methods, such as help2pay, PayRetailers and others. Thanks to the 0% service fee applied to deposits and withdrawals, clients can transfer capital to and from their trading accounts at no additional cost. This way, the broker enables traders to exert greater control over their trading funds while reducing the risk of loss. To help traders capitalise on market opportunities the moment they arise, all deposits and withdrawals are processed nearly instantaneously. Utilising a series of strict rules and financial best practices to provide its clients with the security and transparency they need to prosper, the broker maintains clients’ deposits in segregated accounts with Tier-1 banks in Europe, keeping them entirely separate from its operational funds. Licensed and registered by leading regulatory bodies worldwide, including the Hellenic Capital Market Commission (HCMC) in Europe and the Financial Sector Conduct Authority (FSCA) in South Africa, the company protects its clients’ assets in accordance with their respective regulatory requirements. With the rigour of AAAFx’s security precautions, traders and investors have the freedom to select whichever payment option they see fit, retrieve their funds at any point through their preferred withdrawal method, and concentrate on what matters most to them - pursuing their trading and investment goals - without concern regarding their funds’ safety. Smooth registration process Registering a forex trading account with the broker is simple and straightforward and requires a deposit of as little as $100 using the customer’s desired deposit method. Upon signing up, new clients have to go through a basic “know your customer” process, which involves the submission of two documents, including a valid official identification and a proof of residence. These documents can be uploaded directly through the website, thus eliminating the complexity of cumbersome traditional verification processes, allowing traders to start trading immediately. Personalising the trading experience An appealing choice for novice and seasoned traders alike, AAAFx opens the door to its top-tier trading services to traders from all walks of the world and caters the trading experience to the individual trader not only through the broker’s array of account funding options but also through its user-friendly trading platforms and top-notch customer support, available in many languages, at any time the market is open. The brokerage facilitates trading over 500+ trading instruments, including forex, Stock CFDs, Cryptocurrency CFDs, Commodities, and Indices. Plus, to global traders it offers four major account types to apply their chosen deposit method, covering ECN, ECN Plus, ECN Zero and Islamic account options. It is only through its commitment to its values and unmatched offerings, extending to its payment methods and beyond, that AAAFx has managed to secure accolades that other brokers are only planning on getting their hands on, including the Best FX Service Provider at the Forex Expo Dubai in 2022, the Most Transparent Broker at the UF AWARDS 2022, and the Best CFD Broker - MEA at the UF AWARDS MEA 2023. This article was written by ForexLive at

  • Bitcoin and Ethereum have further correction potential
    by FxPro FXPro on May 25, 2023 at 8:50 am

    Market picture The cryptocurrency market cap has fallen 1.6% over the past 24 hours to $1.10 trillion, back to the levels from which the market rebounded almost two weeks ago. At the same time, bitcoin is down 2%, Ethereum is down 2.2%, and the top altcoins are losing between 0.5% (Solana) and 3% (Cardano). Polygon (+0.8% in 24 hours) and Tron (+10% in 7 days) beat the headwinds. The price of Bitcoin dipped below $26K at the start of trading on Thursday, a level it has been consistently above since March 17th. Bitcoin enjoyed a strong rally in March and April amid fears over the safety of funds held by regional US banks. As this issue has faded from the headlines, cryptocurrencies have reversed into a correction. On the technical analysis front, the $25K level is seen as a critical stop on the way down, with little support found on the journey to that level. Ethereum has rolled back to the lower end of the last two months' range at $1777. A further move lower opens the door to $1700. News background The popular ChatGPT predicted that Bitcoin's 2024 halving would be the catalyst for a "massive bull run", explaining that the value of the limited resource is increasing with unchanged or rising demand. The International Organisation of Securities Commissions (IOSCO) said that cryptocurrencies should be treated similarly to stocks and bonds because of their similarities. Reuters reports that cryptocurrency exchange Binance failed to keep separate corporate and customer balance sheets in 2020 and 2021, violating US financial regulations. Binance has denied the information. Elon Musk urged people "don't bet too much" on Dogecoin and not put all their money into the asset, yet he still said that DOGE is his favourite coin. This article was written by FxPro’s Senior Market Analyst Alex Kuptsikevich. This article was written by FxPro FXPro at

  • Bulls Staring at 2023 to Uplift the Yellow Metal
    by ForexLive on May 25, 2023 at 8:46 am

    Analysis by Fxview, a leading Forex and CFD brokerage part of Finvasia Group. Licensed by CySEC, the FSC and the FSCA, Fxview offers exposure to Forex and more than 200 CFDs on stock shares, indices, commodities and cryptocurrencies across its MT4, MT5 and ActTrader platforms. For more information about Fxview and its extensive offering, visit the website. In this analysis, Fxview market analysts take a closer look at the behaviour of gold over the last two decades, highlighting its safe haven and hedge characteristics. At the turn of the 21st century, gold embarked on a lustrous journey, from trading at a low of $277.10 in 2002, to touching a high of $2075 in 2020, amounting to nearly 11% compound annual growth rate and about 650% return in over 20 years, the latest analysis by Fxview reveals. The decade of 2002-12 saw the metal turn brighter by nearly six times, while the 10-year US treasury yield fell from 5.4% in 2002 to 1.3% by 2012. The average annual US CPI rose from 1.6% in 2002 to 3.9% in 2008, which to some extent supported the demand for the yellow metal, considered to be an inflation hedge. Following the 2008 financial crisis, the global GDP shrank about 5% from 2008 to 2009, which boosted the safe haven appeal of gold. Central bankers worldwide slashed lending rates with the US Fed bringing the overall rate down to 0-0.25% by December 2008. Altogether, the high-priced metal gained nearly 75% from 2008 to 2012. By 2013, with the announcement of a likely Fed tapering, treasury yields surged while the non-yielding metal began to slump and plunged nearly 40% between 2013 to 2015. Making a U-turn amid rising geopolitical tussles and an unprecedented global pandemic, bullion’s safe haven attraction started gaining momentum. It peaked at an all-time high of $2075.14 in March 2020, followed by a gradual recovery across economies and surplus money ensuing from pandemic-related stimulus packages. These corroborating factors caused the exuberance associated with the precious metal to subside and equities represented by the S&P 500 to rise by nearly 26%, while keeping the yield on the 10-year US treasury low, between 0.9%-1.5%. Next, bullion scored its second best at $2070.42 (March 2022) as a fallout of the Russia-Ukraine war. Investments in gold remained on a back seat in 2022, mainly due to the hawkish monetary policy observed by Central Bankers worldwide to combat inflation. The Federal Reserve embarked on its fastest ever rate hike cycle, increasing the overall rate by 450 bps in less than a year, rendering the non-yielding metal relatively unattractive. Although the level of inflation peaked by Q3 2022, several other economic parameters remained sticky, especially a tight labour market, warranting the need to continue monetary tightening. Stringent lockdowns in China, the largest gold consumer, further limited the metal’s upside in 2022. The way forward An impending recession and a rate hike pause are likely the key catalysts to drive the yellow metal’s growth going ahead this year. On the demand front, jewelry fabrication and industrial consumption is likely to take a hit. This shall be offset by demand for investment and reserve holding by central banks owing to the metal’s safe haven appeal. The World Gold Council’s estimate indicated a substantial jump in central banks’ gold demand in 2022 to hedge against any forthcoming financial crisis, while also signals an attempt towards dedollarisation by the economies, making the case stronger for gold as a safe-haven asset. (Source: World Gold Council) Macroeconomic and geopolitical tailwinds A deteriorating economic situation in the recent days has been highlighted by several factors including the following: ● Failure of several US financial institutions including the SVB, Silvergate Capital, Signature Bank and First Republic, in addition to the discount buyout of the ailing Credit Suisse ● Huge layoffs by mainly the tech firms. US unemployment rate rising to 3.6% in the latest estimate for Feb 2023 ● Rising cost of financing exacerbating upsurge in sovereign debt levels ● The limited effectiveness of monetary contraction in targeting supply-side inflation Deglobalisation Low inflation levels, which central banks are trying to target, were largely an attribute of a globalised world, as low-priced goods were produced by outsourcing to other economies. With a sense of deglobalisation plaguing the world’s nations, especially since supply chain performance reaching pre-pandemic levels by mere monetary contraction seems far-fetched, according to the Fxview analysis. With the risk of geopolitical tensions likely to persist, the outlook for gold is strengthened further as not just an investment alternative but a store of value. The war in the Eastern Europe being far from reaching an end, the intriguing bonhomie between Russia and China and the widening tensions between the West and China are some of the highlights of the current global paradigm. Technical outlook The precious metal recently moved higher past the $2000 psychological level but failed to close above the same. In the near term, it is likely to retest the zone, attempting to breach its all-time high of $2075/oz, which also corresponds with the 0.5 Fibonacci extension level. Gold is further poised to clinch a target of $2180, which is a key resistance level corresponding to the 0.618 Fibonacci level followed by a subsequent target of $2200 to be attained by H2 2023. Level of $2200 stands to be crucial, as it also falls in line with the historical growth rate of 11%. Furthermore, a surge to $2500 by H1 2024 seems plausible, although caution must be observed nearing $2337 (0.786 Fibonacci level). Caution must also be observed as the downside risk remains considerable due to strong fundamental factors in the short run, which can pull the metal down to its immediate support at $1930, followed by support level at $1834/oz, as shown below. Some of the macroeconomic headwinds include the continuation of a contractionary monetary policy by the Fed, recovery in financial markets and an easing of geopolitical tensions. The Federal Reserve has recently announced the creation of a Bank Term Funding Program to provide relief to eligible depository institutions struggling with liquidity in the near term, which led to temporarily allaying the concerns of a financial crisis. In this context, the outlook on gold is positive, as investor interest in the shiny metal seems to be improving in the longer term, bolstered by the current economic climate worldwide. This article was written by ForexLive at

  • Mastering the Art of Safe and Sustainable Trading: Key Strategies for Traders
    by ForexLive on May 24, 2023 at 9:55 am

    Education and awareness are paramount to success in finance and trading. Regardless of their experience level, every trader can benefit from mastering the art of safe and sustainable trading. In this article, we will delve into key strategies and practices that traders can adopt to navigate the dynamic and sometimes unpredictable landscape of financial markets. Building a Strong Foundation Education plays a crucial part in their development as successful traders. This includes equipping retail traders with the knowledge, abilities, and resources they need to successfully navigate the complex world of financial markets. Education for retail traders cannot be understated and underscores the value of being familiar with risk management, technical analysis, and market fundamentals. It also provides helpful advice on how traders can improve their knowledge by attending respected courses, seminars, and mentorship programs. Understanding Market Fundamentals For retail traders, an understanding of market fundamentals is essential since it gives information about the underlying causes of price changes. Trading professionals may predict market swings and make wise selections by having a thorough understanding of economic data, geopolitical events, and fiscal policies. Traders can obtain an advantage in forecasting market movements and tactically placing themselves by keeping up with international news, economic reports, and central bank statements. Technical Analysis Technical analysis is yet another essential part of education for retail traders. Traders can locate probable entry and exit points in the market by examining price patterns, chart formations, and different technical indicators. Understanding market sentiment, spotting trends, and spotting patterns that could portend future price moves are all made easier with the help of technical analysis. With a firm understanding of technical analysis, traders may create profitable trading plans and make choices based on past price behavior. Risk Management For retail traders to protect their capital and reduce potential losses, risk management education is essential. For long-term performance, risk management strategies are essential. These include stop-loss orders, correct position sizing, and portfolio diversification. To safeguard themselves against market volatility and unforeseen events, traders must comprehend the concept of risk-reward ratios and use suitable risk management techniques. Knowledge Enhancement through Reputable Sources, Courses, and Mentorship Programs The wealth of resources available to merchants allows them to expand their expertise. Reputable sources, including scholarly journals, financial news sites, and trustworthy online platforms, provide a variety of data and market insights. Participating in specialist training courses and retail trading-specific training programs can offer thorough education and useful skills. Mentorship programs also provide invaluable advice and practical insights from seasoned traders, enabling beginners to learn from experienced experts. Embracing a Long-Term Mindset It is essential for traders to have a long-term attitude that puts emphasis on patience, consistency, and reasoned decision-making in the fast-paced world of trading. The advantages of adopting a long-term strategy over pursuing short-term gains cannot be understated. This encourages traders to keep their eyes on the broad picture and avoid being seduced by get-rich-quick schemes while highlighting the advantages of patience, consistency, and avoiding impulsive judgments. Support a Long-Term Trading Approach: Trading is a Marathon, not a Sprint Supporting a long-term strategy requires understanding that trade sustainability is a long-term process. Trading tactics should be improved, plans should be developed, and methods should be constantly used instead of just concentrating on short-term profits. Traders can avoid the problems of hasty decision-making and improve their chances of reaching consistent success by aligning their attitude with long-term goals. Patience is a Virtue It enables traders to watch for high-probability setups and prevents them from being influenced by transient market changes. Having patience helps traders evaluate the market impartially, spot real opportunities, and place transactions with assurance. The risk of unneeded losses can be decreased by traders practicing patience and resisting the impulse to make impulsive trades based on feelings or short-term market noise. Consistency is a Characteristic of Successful Traders Trading professionals build discipline and reduce the influence of emotional decision-making by sticking to a clearly defined trading plan and adopting a consistent strategy. Keeping a constant risk-reward ratio, position sizing, and trade execution strategy are all examples of consistency. Trading can be made more reliable and objective by cultivating consistent habits and routines, which will produce better long-term trading results. Avoid Impulsive Decisions Trading success might be harmed by impulsive decisions. Fear of missing out (FOMO) or the attraction of rapid gains can impair judgment and cause illogical behavior. Traders must be aware of the value of emotional restraint and refrain from acting rashly in response to fleeting market conditions or outside forces. Trading professionals can avoid irrational impulses and make decisions that are consistent with their long-term objectives by adhering to their trading plan and performing extensive analysis. Keeping an Eye on the Bigger Picture Having a long-term perspective helps traders avoid getting distracted by short-term swings and keep an eye on the big picture. Instead of focusing on immediate riches through get-rich-quick schemes, traders should place more emphasis on having a strong knowledge base, improving their skills, and progressively increasing their trading capital. Trading professionals may negotiate market turbulence and grasp genuine opportunities that are consistent with their overall trading strategy by keeping their eyes on long-term goals and adopting a patient and consistent approach. Psychological and Emotional Well-being Trading encompasses psychological and emotional factors that have a big impact on decision-making and overall success. It is not just about numbers and charts and it’s important to touch on the psychological aspects of trading and provides techniques for productive emotion management. Trading highlights the value of upholding discipline, engaging in mindfulness, and establishing reasonable expectations. Additionally, it emphasizes how crucial it is to keep a good work-life balance and prevent burnout in order to promote psychological wellbeing throughout the trading journey. Taking Care of the Psychological Aspects of Trading Trading requires negotiating the intricate interplay between emotions and judgment. Successful traders understand and deal with psychological issues including greed, overconfidence, and fear. Emotions have the potential to impair judgment, cause impulsive behavior, and obstruct rational thought. Traders can create successful ways to manage their emotions by recognizing and comprehending the impact they have on trading. Strategies for Emotion Management Emotion management requires discipline. Regardless of market changes or emotional urges, traders should follow their trading plans, risk management procedures, and established regulations. Discipline prevents impulsive behavior and makes sure that trading decisions are based on rational analysis rather than gut feelings. Another useful tactic is to practice mindfulness. Being mindful entails participating fully in the trading process and objectively evaluating thoughts and feelings. Traders who practice mindfulness are better able to step back from their immediate emotional responses, achieve mental clarity, and make defensible decisions based on a bigger picture. For trading to be emotionally healthy, it is essential to set reasonable expectations. Unrealistic goals, like expecting excessive profits quickly, can cause disappointment, resentment, and mental pain. Traders should embrace the long-term nature of trading, set realistic goals, and be aware of the hazards involved. In order to properly manage emotions and preserve psychological equilibrium during the trading journey, realistic expectations are helpful. Maintaining a Healthy Work-Life Balance is Important For psychological well-being in trading, maintaining a healthy work-life balance is essential. Activities other than trading, like as spending time with family and friends, pursuing hobbies, and exercising, aid in lowering stress and maintaining a balanced perspective. It offers a chance to unwind, refuel, and get a new perspective, which ultimately strengthens emotional fortitude and judgment. Burnout prevention is equally important. Trading can be mentally and emotionally taxing. Traders need to be aware of the symptoms of burnout, which include weariness, a lack of enthusiasm, and poor performance. Burnout can be avoided, and long-term psychological wellbeing can be promoted by implementing self-care routines, taking frequent breaks, and seeking help from a community of traders or mentors. Conclusion Safe and sustainable trading is a journey that requires continuous learning, discipline, and self-awareness. By focusing on education, risk management, a long-term mindset, and psychological well-being, traders can enhance their chances of success in the dynamic world of financial markets. As the trading landscape evolves, it's essential to remain committed to personal growth and adapt strategies aligning with one's financial goals. This article was written by ForexLive at

  • Is Rivian ready for a comeback? Stock forecast for the next 12 months
    by ForexLive on May 24, 2023 at 8:25 am

    Rivian is a hyped electric car stock that has been in endless fall since its IPO. But the company’s new financial report pushed analysts to consider that the worst might be behind Rivian. Let’s try to examine if this is the moment when we can invest in stock on the lows and reach success. Rivian is a California-based company that produces futuristic electric vehicles – just imagine you are watching a movie released in 2000, about 2033. The firm went public in 2021, and its stock sharply rose right after the IPO. But then, a series of unfortunate events took place. We could say that times are tough for all markets at the moment. But comparing Rivian shares with the S&P 500 index is better. We clearly see – this is a problem with Rivian and not just general patterns. Also, you should remember that there are many factors influencing Rivian as well as other assets. In order to forecast future market movements, you can use the economic calendar. It will show you all the most significant economic events. Rivian’s earnings report for Q1 2023 gave rise to positive investor sentiment. In general, the company results are still far from a fairy tail, but several key indicators turned out to be better than expected. That’s why the stock hiked about 10%, although, after that, they adjusted to lower than pre-report levels. Firstly, the electric vehicles manufacturer showed better loss per share (yep, loss, not earnings) – it’s $1.25 against an estimated $1.59. Moreover, Rivian’s Q1 revenue simultaneously beat expectations ($661 mln against $652.1 mln) and increased by almost $100 mln compared to Q1 2022. Secondly, Rivian’s results turned out to be better than participants like Lucid, Fisler, and Nicola. Therefore Rivian might now rank higher in the eyes of investors. Thirdly – and it’s a big one – the company has not changed its plans to have manufactured 50,000 EVs by the end of 2023. This means that Rivian is going to produce more than double the vehicles in comparison with 2022. Among the other pluses, we can underline the continuing partnership with Amazon (AMZN stock) and cutting costs through the layoff of 900 employees (the last one is positive for the balance but also demonstrates that the company is still far from its peak performance). The other fact we should pay attention to is their bet on expensive models of electric vehicles. On the one hand, it may generate more profit, but on the other hand, customers can make a choice in favor of other manufacturers. The consensus forecast proves that most analysts believe in Rivian stock. It says that the shares have a “Buy” rating and might rise by 77% in the next 12 months. It might look like an offer you can’t refuse, but you need to remember that the stock has probably had the same prospects during many stages of its downfall. That’s why you should do your own thorough analysis before trading in any market. This article was written by ForexLive at

  • Innovative Financial Trading in Africa with JustMarkets
    by ForexLive on May 24, 2023 at 8:11 am

    An innovative force in the global trading scene for over a decade, JustMarkets has earned its reputation as a reliable and creative broker firm. Its customer-centric approach has garnered the attention of industry insiders and financial leaders, especially during the Finance Magnates Africa Summit (FMAS) 2023. Holding the honor of the Best Broker in Africa award and the FSCA license, JustMarkets has positioned itself as a transparent and rapidly expanding trading platform. A robust foundation of trust and transparency has helped JustMarkets to create a dedicated client base and a sterling reputation. Their strong presence at FMAS 2023 underscores the firm's commitment to providing an exceptional trading experience for investors worldwide. Discover how JustMarkets is becoming the preferred platform for African traders and beyond through its commitment to excellence and customer satisfaction. Strengthening Presence in Africa JustMarkets has made it a priority to increase its footprint in the African market. Their dedication to offering straightforward and user-friendly trading services to the burgeoning African market is a reflection of their global commitment to traders and investors. A significant step in this growth journey was securing the FSCA (Financial Sector Conduct Authority) license. This pivotal achievement not only underscores JustMarkets' commitment to honesty and faith but also reflects its commitment to maintaining the highest regulatory standards. This license stands as an important landmark for JustMarkets, highlighting its promise to operate in a safe and well-regulated environment. With a focus on providing exemplary trading services in Africa, JustMarkets aligns with its core mission to build a clear and convenient trading environment, enabling every client to realize their full investment potential. Best Broker in Africa: Recognized and Licensed by FSCA JustMarkets has earned recognition for its dedication to service excellence and customer satisfaction, as evidenced by its Best Broker in Africa award at the Ultimate Best Brokers & B2B Fintech Awards 2023. This recognition follows their previous accolade as the Best Broker in Asia in 2022, confirming the firm's consistent top-notch service delivery. Moreover, the FSCA license affirms JustMarkets' commitment to ensuring a secure trading environment and regulatory compliance. This recognition strengthens JustMarkets' promise to provide the best trading experience with a strong focus on regulatory standards and customer trust. As JustMarkets enlarges its presence in Africa, the award and FSCA license bear witness to the firm's unwavering dedication to providing superior trading services. One App, Multiple Markets: JustMarkets Trading App JustMarkets presents the JustMarkets Trading platform, an advanced trading application designed to deliver a smooth and convenient trading experience. With over 250 trading instruments, users can access all key markets through a single, easy-to-use app. Among the key features of the JustMarkets Trading platform are: ● Minimum spreads and zero hidden costs; ● Instant order execution; ● Swift fund deposit and withdrawal; ● Demo trading option for practice; ● Daily market analysis; ● 24/7 multilingual customer support; ● Different accounts to suit various trading styles. The JustMarkets Trading app is a manifestation of the firm's dedication to providing an accessible and user-friendly trading environment for clients globally. Shaping the Future of Global Trading With more than a decade of successful global trading experience, JustMarkets has continually shown its commitment to innovation, transparency, and client satisfaction. Its expansion in the African market, FSCA licensing, and award-winning recognition as the Best Broker in Africa all suggest a promising future for JustMarkets and its clients. This article was written by ForexLive at

  • Crypto Hits the Ceiling
    by FxPro FXPro on May 24, 2023 at 8:09 am

    Market picture The crypto market lost 1.8% over the past 24 hours to $1.120 trillion, returning to Monday's levels. The growth momentum of the previous day was not supported by the new portion of bad news about the debt ceiling, which launched a pull from risky assets. Over the past 24 hours, Bitcoin has lost 2.2%, Ethereum 2%, and the top altcoins have lost between 1% (XRP) and 5.8% (Litecoin). Bitcoin is trading near $26650 on Wednesday morning, near the lower end of its trading range since May 13. The upper boundary of this corridor, 27300, remains a significant upside hurdle. A simple scenario codenamed "what doesn't go up, goes down" could soon be coming to fruition in Bitcoin. Also on the bears’ side is that the former cryptocurrency is under the 50-day moving average, settling there long enough after the failure, and now former support works as resistance. BTC volatility has fallen to a five-month low. Last week, the narrow range of BTC quotations coincided with a meagre volume of transferred on-chain value. Most of the coins are "napping" in anticipation of higher prices. News background Since 13 April, following the activation of the Shapella hardfork on the Ethereum network, the volume of ETH in stacks has increased by 4.4 million coins. In total, 22.5 million ETH, or approximately 18% of the total supply, have been staked on the blockchain. Strike, a Lightning Network-based payment application operator, announced the integration of the Tether (USDT) into its platform. Bloomberg reports that the Hong Kong Securities and Futures Commission (SFC) will officially allow retail investors to trade cryptos from June 2023. According to The Block, the share of trading volume on decentralised exchanges (DEX) has reached a record high, surpassing 22% for the first time amid the popularity of meme cryptocurrencies. Users are not waiting for them to be listed on centralised exchanges (CEXs) but are switching to DEXs to buy meme tokens. Government authorities could use the courts to demand access to funds in Ledger wallets connected to Recover's private key recovery service, the hardware cryptocurrency wallet maker confirmed but called such a scenario unlikely. This article was written by FxPro’s Senior Market Analyst Alex Kuptsikevich. This article was written by FxPro FXPro at

  • Crypto attracts buyer interest, but reversal needs proof
    by FxPro FXPro on May 23, 2023 at 10:31 am

    Market picture Crypto market capitalisation rose 1.4% over the last 24 hours to $1.138 trillion. After quiet trading on Monday, most gains came on Tuesday morning. The timing of the move is due to news on the US debt ceiling, where there is no deal yet, but Biden notes progress in negotiations. Ether is up 2.3% at $1856, with the top altcoins gaining between 0.3% (Solana) and 3% (Polygon). Bitcoin is up 1.6% over the past day to $27.3K and earlier today climbed close to $27.5K, the upper end of the range since the 15th. Despite the positive momentum, the daily timeframes remain bearish, with Bitcoin trading below $27.5K. According to CoinShares, investments in cryptocurrency funds fell for the fifth consecutive week to $32 million last week, with bitcoin investments down $33 million and Ethereum investments down $1 million. Investment in funds that allow shorts on Bitcoin fell by $1.3 million. According to Santiment, the number of BTC and ETH on exchanges has fallen to its lowest level in several years, which is seen as a sign of an attitude towards long-term holding. News background Mott Capital Management founder Michael Kramer warned that Bitcoin could fall to $20K. According to him, BTC is a leading indicator for all risky assets, so its decline would be negative for the stock market. Anthony Scaramucci, founder of hedge fund SkyBridge Capital, believes that the actual value of Bitcoin should now be $40K. According to him, we are now witnessing a global proliferation of BTCs, similar to what happened in the late 1990s with the rise of the internet. Cryptocurrency platform Bakkt is considering expanding its business in Europe in light of the Crypto Asset Market Regulation Act (MiCA) passed in April. Bakkt currently only offers services in the US. US lawmakers have drafted a bipartisan bill prohibiting the Fed from issuing the digital dollar (CBDC). Lawmakers cited Americans' right to financial privacy. This article was written by FxPro’s Senior Market Analyst Alex Kuptsikevich. This article was written by FxPro FXPro at

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