Within the forex trading sphere, various strategies add different colors to the landscape. One such strategy is scalping, known for its fast-paced and nimble approach.  It is a unique trading technique that thrives on speed, precision, and high-volume trading. Stipulated on real-time technical analysis, scalping is essentially a rapid-fire trading method that leverages a multitude of small transactions to accrue profits. Unlike conventional trading strategies where positions are maintained over extended periods — ranging from several hours to days or even weeks — scalping aims to seal the ..read more

Bitcoin mining stocks surged in double digits on Wednesday, following a bold promise by United States presidential candidate Donald Trump to strengthen mining operations within the country. On June 12, Trump declared his vision to have “all the remaining Bitcoin to be MADE IN THE USA!!!” and emphasized that this move would help the nation become “ENERGY DOMINANT.” This announcement came shortly after he hosted a meeting with several top industry executives, signaling strong support for the sector if he is elected president in November. Trump’s pledge to back the Bitcoin mining industry resonat ..read more

Former U.S. President Donald Trump expressed strong support for bitcoin mining during a recent meeting with prominent bitcoin miners at Mar-a-Lago, as reported by Bloomberg. Trump, who has recently adopted a pro-crypto stance in anticipation of the upcoming November election, assured participants that he would advocate for bitcoin mining if he returns to the White House. He emphasized that miners contribute significantly to energy grid stability, a crucial aspect in the evolving energy landscape. Trump Meets Bitcoin Mining Leaders at Mar-a-Lago The meeting, held at Trump’s Palm Beach resort, f ..read more

Elon Musk, the billionaire entrepreneur, has issued a stern warning against the use of Apple devices within his companies. This comes in response to Apple’s announcement of integrating OpenAI’s ChatGPT into its operating systems for iPhone, iPad, and Mac. Musk expressed his concerns in a post on June 10, stating, “If Apple integrates OpenAI at the OS level, then Apple devices will be banned at my companies. That is an unacceptable security violation.” He further suggested that visitors to his companies, including Tesla and Space Exploration Technologies Corp, would need to store their Apple de ..read more

The XRP Ledger (XRPL), a decentralized public blockchain that enables the transfer of XRP, fiat currencies, and other digital assets, made significant strides in the first quarter of 2024. Despite a minor price drop, XRP, XRPL’s native token, solidified its place as the sixth-largest cryptocurrency by market capitalization, reaching $34.1 billion (currently $29M). This was accompanied by a 1.3% quarter-over-quarter (QoQ) growth in XRP’s circulating market cap. The XRPL operates on a deflationary mechanism, systematically burning transaction fees, which puts a downward pressure on the total sup ..read more

As we approach the end of May, the Euro has been seen to hover around the $1.08 mark, a noticeable shift from the highs of March. This movement is largely attributed to traders’ assessments of the monetary policy outlook, which is influenced by various factors both within and outside the Eurozone. In the United States, the Federal Open Market Committee (FOMC) has been leaning towards a hawkish stance. The minutes from their last meeting, coupled with comments from several Fed officials, suggest that interest rates will remain elevated for some time. This is primarily due to the lack of strong ..read more

Technical indicators act as navigational compasses for market explorers, unveiling the rhythmic ballet of supply and demand that shapes the worth of financial assets. Rooted in the principles of technical analysis, these indicators draw upon historical price data to predict the future trajectory of a financial instrument. By spotlighting patterns and trends, they provide traders with a clearer understanding of how current prices relate to past movements, paving the way for more informed trading decisions.  In this article, we will discuss the top 5 technical indicators that are crucial fo ..read more

In the world of foreign exchange trading, leverage stands as a magnetic force, drawing in a myriad of traders with its allure of magnifying potential gains. Yet, despite the ubiquity of the term “leverage,” numerous traders stay in the dark about its essence, how it operates, and its pivotal position in income results. Many navigate the tumultuous waters of trading with only a cursory grasp of how this potent force wields its might or its transformative impact on trading outcomes. This piece aims to uncover the nuances of forex leverage, shedding light for newcomers and experts in trading. Wha ..read more

Attacker Generates GALA Tokens Worth $214 Million Gala Games, a pioneering project in the Web3 gaming space, experienced a significant security breach on May 20. An attacker exploited the platform’s smart contract, minting an enormous 5 billion of its native GALA tokens, valued at an estimated $214 million. This event has sent ripples of shock and speculation throughout the community. The Aftermath and Gala Community Reaction Following the smart contract exploitation, the attacker swiftly sold 592 million GALA for 5,952 ETH, equating to roughly $21.8 million. The Gala Games team responded imme ..read more

The Depository Trust and Clearing Corporation (DTCC) has joined forces with Chainlink, a renowned blockchain oracle, and several leading US banking institutions. The objective of this collaboration is to expedite the process of tokenizing funds, a move that has the potential to revolutionize the traditional asset management sector. This partnership has not only opened up new avenues for the integration of blockchain technology into conventional asset management but has also triggered a substantial surge in the price of Chainlink’s native cryptocurrency, LINK. The value of LINK has soared past ..read more