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Fawad Razaqzada, an analyst at City Index and Forex.com, said the key considerations for short-term stock traders after Tuesday’s modest pullback: But is this a similar scenario, or is it different this time around, especially with the US presidential election just three weeks away? ”Razaqzada said the stock market has rebounded markedly in recent weeks, with the expected rise in U.S. inflation indicators, rising bond yields, geopolitical tensions, recession fears and a slowing Chinese economy. It claimed to be shaking off developments that should have caused a sell-off. Instead, the S&P 500 continues to hit new all-time highs. The Nasdaq…

Litecoin (LTC) price rose 6.70% today, recovering the $70 level for the first time in almost two months. This notable increase comes after investment firm Canary Capital revealed that it is moving forward with the introduction of a Litecoin exchange-traded fund (ETF) with the SEC. With the ETF filing acting as a catalyst, this on-chain analysis highlights how Litecoin’s price could experience a significant rally. If Litecoin’s price continues to rise, investor interest could increase. This could also allow long-term holders to reap profits after months of volatility. Litecoin rises due to ETF speculation Litecoin’s 6.70% price increase today positions…

Cover image (via www.freepik.com) Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. Financial and market information provided on U.Today is for informational purposes only. U.Today is not responsible for any financial losses incurred while trading cryptocurrencies. Please contact a financial professional and conduct your own research before making any investment decisions. Although we believe all content is accurate as of the date of publication, certain offers mentioned may not be currently available. Asset management company Canary Capital announced on Tuesday that it has filed for S-1 registration with the U.S.…

Despite recent whale activity and increased interest in DeFi, altcoins such as Ethereum, Uniswap, and Aave have suffered price declines. But analysts expect the market could recover as the whales continue to accumulate. Crypto whales have increased their positions in several decentralized finance (DeFi) tokens, including Ethereum (ETH) and Uniswap (UNI). A series of large transactions observed over the weekend reflect large accumulations by unidentified whale wallets. According to on-chain analytics firm Lookonchain, this surge confirms the growing interest in DeFi assets. Whales scoop up Ethereum, Uniswap and other cryptocurrencies According to Lookonchain data, an anonymous whale withdrew 299,133 UNI…

The cryptocurrency industry has emerged as a major player in the 2024 US election cycle. What Happened: Recent reports from CNBC and Politico show that crypto-related political action committees (PACs) and donors have been mobilizing both Republicans and Democrats, with a particular focus on key congressional races. He reportedly donated large sums of money to candidates. The Trump 47 Committee, a pro-Donald Trump PAC, has raised about $7.5 million in cryptocurrency donations since early June, CNBC reported Wednesday. These contributions include popular cryptocurrencies such as Bitcoin BTC/USD, Ethereum ETH/USD, XRP XRP/USD, and stablecoins such as USDC USDC/USD. Donations have come…

SAN DIEGO, Calif., Oct. 16, 2024 (Globe Newswire) — HUMBL, Inc. (OTC: HMBL) has been named by the U.S. Patent and Trademark Office (USPTO) as a “Currency Transfer System and Method Using Blockchain.” The patent was officially issued by the USPTO on October 15, 2024. As more traditional assets and currencies are tokenized on blockchain, potential industry applications of this patent include digital wallets, digital asset exchanges, traditional stock exchanges, and traditional banks. , financial services and brokerage firms, and global money transfer and payment providers. , exchange agents, foreign exchange, credit card services, government services, etc. The patent abstract…

MiCA is expected to become a global benchmark, encouraging other jurisdictions to align their regulatory frameworks for cross-border compatibility. The European Union’s Cryptoassets Market Regulation (MiCA) is poised to play a key role in the global regulation of stablecoins. According to Binance, this comprehensive framework establishes clear rules for stablecoin issuance, reserve management, and redemption, strengthening market stability and consumer protection. MiCA’s approach will also serve as a global benchmark, helping other jurisdictions coordinate their regulatory efforts to achieve cross-border compatibility. While MiCA is expected to bring more certainty to the cryptocurrency industry, its strict implementation may pose challenges for…

Cryptocurrency prices today, October 16th: Wednesday’s broad market movements triggered a lot of speculation around the world. Bitcoin (BTC) price has breached the $67,000 level over the past day, but the top altcoins have mainly been volatile. Additionally, Litecoin (LTC) and Chiliz (CHZ) prices rose between 4% and 7%, emerging as the top gainers on the day. At the same time, the global cryptocurrency market capitalization increased by 1.16% to $2.32 trillion. Furthermore, the market cap from yesterday jumped 15% to $107.3 billion. We will introduce a simple report on the top-class virtual currencies by market capitalization and their price…

Italy is preparing to raise capital gains tax on Bitcoin and other cryptocurrencies to 42%, Deputy Finance Minister Maurizio Leo revealed the news at a press conference on October 16th.Leo explained that as cryptocurrencies, particularly Bitcoin, grow in popularity, he expects the government to increase the withholding tax rate from the current 26% to 42%.According to a translation of his statement:“As this phenomenon (Bitcoin) becomes more widespread, withholding tax is expected to rise from 26% to 42%.”This proposed tax hike could make Italy one of the countries with the highest taxes on cryptocurrencies in the world.Meanwhile, the new tax plan…

BitMEX co-founder Arthur Hayes predicted on Wednesday that Bitcoin (BTC) will soar amid escalating geopolitical conflicts, inflation and increased government spending.In a blog post, Hayes argued that the US government’s fiscal response to the Middle East conflict will encourage more money printing and fuel the next bull run in Bitcoin prices.”We know that war causes inflation. We understand that the U.S. government has to borrow money to sell bombs to Israel,” Hayes wrote. “We know that the Fed and the U.S. commercial banking system will buy off this debt by printing money and expanding their balance sheets. So as the…