The Synthetic protocol, represented by its native token $SNX, has experienced a notable decline of 41% over the past month. However, there's a glimmer of optimism as the price of $SNX saw a modest 2% increase today.
The cryptocurrency $ONDO has experienced a 2.5% decline in its price today, adding to a downward trend that has seen a 10% decrease over the past 30 days.
The post TokenFi Sets Sights on 10 Million Turkish Viewers with Prime Time TV Ad Campaign appeared first on Coinpedia Fintech News TokenFi is launching an advertisement aimed at 10 million Turkish viewers by using the country’s most-watched TV channels. With television a main source for news and entertainment in Turkey, Tokenfi’s ad is slated to catch eyes during prime time hours. Starting on May 1st, 2024 for seven days straight, the ad will run from 8 p.m. to 11 p.m., when families are most likely to be tuning in. The ad will appear on Turkey’s top channels such as Kanal D, ATV, Show TV, Star TV, NOW (once called Fox), and TV8. This schedule promises visibility as families gather to watch their favorite prime-time shows. The ad is geared towards younger viewers, investors and entrepreneurs and will be shown during popular TV shows like “Tas Kagit Makas,” “Kurulus Osman,” and “Survivor,” among others. This move ensures the ad will be seen by plenty of people, with a plan to show it 2 to 3 times a day during these hot slots. The expansive coverage across top Turkish channels—accessing more than 10 million viewers—is set to spark widespread recognition for the brand. About TokenFi TokenFi is an innovative platform for crypto and asset tokenization, enabling users to launch or tokenize assets effortlessly. TokenFi is committed to revolutionizing the trillion-dollar tokenization industry by offering a user-friendly interface that requires no coding expertise. Website: https://tokenfi.com Twitter: https://twitter.com/tokenfi
The post How to Assess Market Sentiment Before Buying Cryptocurrency appeared first on Coinpedia Fintech News Introduction The cryptocurrency market, known for its rapid growth and equally swift downturns, operates on a level of volatility unseen in traditional financial markets. This volatility isn’t just a matter of market mechanics but is deeply intertwined with the sentiments and perceptions of its participants. Understanding market sentiment—essentially the psychology of the market’s participants at any given time—can be a powerful tool in an investor’s arsenal. Sentiment can precede market movements, providing clues to future price directions based on the collective mood. This guide delves into effectively assessing market sentiment before buying cryptocurrency, using tools, indicators, and platforms, including insights from Oriole Insights Price Prediction Platform, to make informed investment decisions. Understanding Market Sentiment Definition and Importance The market sentiment reflects investors’ aggregate feelings and attitudes towards the cryptocurrency market or specific assets within it. It’s an intangible yet potent force that can drive prices up during a bull market or send them plummeting in a bear phase. In cryptocurrency, where news can spread rapidly, and emotions run high, sentiment can shift swiftly and dramatically, often outpacing changes in market fundamentals. Recognizing these shifts is crucial for anticipating market movements, making sentiment analysis a critical skill for traders and investors. Indicators of Market Sentiment Sentiment in the cryptocurrency market can be measured using several key indicators: The Fear and Greed Index: This composite index measures different aspects of market sentiment, ranging from volatility and volume to social media activity and trends. A high score indicates greed or a potential overbought market, while a low score signals fear, possibly pointing to an oversold market. Social Media Trends: The volume and sentiment of cryptocurrency discussions on platforms like Twitter or Reddit can provide real-time insights into the market mood. Tools that analyze the sentiment of these discussions can be particularly telling. News Headlines: The tone and sentiment of news articles and headlines can influence market sentiment. Positive news can lead to bullish sentiment, while negative news can create fear and uncertainty. Analytical Tools and Resources Sentiment Analysis Tools Various platforms and software tools offer sentiment analysis tailored explicitly for the cryptocurrency market. These tools aggregate data from multiple sources, including social media, news sites, and trading volumes, to provide a sentiment score or outlook. For example, tools like LunarCrush and The TIE analyze social media data to gauge the community’s sentiment towards different cryptocurrencies. Utilizing Financial News and Reports Financial news outlets and cryptocurrency news websites are a staple for sentiment analysis. Staying updated with the latest developments, regulatory changes, and technological advancements in cryptocurrency can offer valuable insights into potential market sentiment shifts. When interpreted correctly, analyst reports and industry news can provide an edge in understanding the broader market sentiment. This approach demonstrates how to expand on specific sections, providing more depth and detail while incorporating relevant keywords and concepts. To continue developing the article, apply similar principles to the remaining sections, focusing on providing valuable, actionable information that aligns with the outlined structure. Remember to maintain a natural flow, use headings effectively, and integrate keywords organically to enhance readability and SEO. Social Media and Community Forums The Role of Social Media Social media platforms wield significant influence over cryptocurrency market sentiment. Influencers with large followings on platforms such as Twitter can sway the market’s direction with a single post. A positive tweet about a cryptocurrency can attract an influx of buyers, driving up the price, while a negative comment can cause fear, leading to sell-offs. Monitoring trends and sentiment shifts on social media is essential for understanding the market’s real-time mood. Engaging with Community Forums Community forums like Reddit, Twitter, and Discord are crucial for gauging the collective sentiment of the cryptocurrency community. These platforms host vibrant discussions where enthusiasts, traders, and investors share insights, predictions, and news. Engaging with these communities offers a deeper understanding of the market’s sentiment beyond what traditional analysis might reveal. Technical Indicators and Trends Technical Analysis for Sentiment Assessment Technical indicators such as moving averages and the Relative Strength Index (RSI) serve as proxies for market sentiment. For instance, a moving average crossover can signal a shift in market mood, while an overbought or oversold RSI reading may indicate prevailing greed or fear in the market. Combining these indicators with sentiment analysis provides a more nuanced view of potential market movements. Identifying Market Trends Understanding market trends, both short-term and long-term, is vital for sentiment analysis. Trends can offer insights into the market’s direction and sentiment, helping traders identify bullish or bearish phases. Recognizing these trends allows traders to align their strategies with the market’s overall mood, enhancing their decision-making process. The Psychology of Market Sentiment Fear and Greed in Cryptocurrency Markets The cryptocurrency market is highly susceptible to emotional reactions, with fear and greed often driving significant price movements. Fear can lead to rapid sell-offs, while greed can fuel unsustainable price rallies. Recognizing these emotional drivers is crucial for understanding market sentiment and making informed decisions. Overcoming Emotional Bias Traders must overcome their own emotional biases to succeed in the cryptocurrency market. Developing and adhering to a trading plan can help mitigate emotional reactions to market movements. Objective sentiment indicators can also provide a clearer market picture, aiding in more rational decision-making. Practical Tips for Assessing Market Sentiment Developing a Routine for Market Analysis Creating a structured routine for market analysis can help traders consistently assess sentiment. This routine could involve checking sentiment indicators, monitoring social media trends, and reviewing technical analysis daily. A disciplined approach ensures traders remain in tune with the market’s mood, enabling better-informed trading decisions. Balancing Sentiment with Other Analysis Techniques While sentiment analysis is a powerful tool, it should not be the sole basis for trading decisions. Integrating fundamental and technical analysis into a comprehensive investment strategy offers a more balanced perspective. This holistic approach enables traders to make more informed decisions, considering market sentiment and underlying fundamentals. Conclusion Assessing market sentiment is a critical aspect of successful cryptocurrency trading. By understanding the influence of social media, engaging with community forums, utilizing technical indicators, and recognizing the psychological drivers of market movements, traders can gain valuable insights into market sentiment. Developing a routine for comprehensive market analysis and balancing sentiment with other analytical techniques are essential practices. As the cryptocurrency market evolves, continuous learning and adaptation to new information remain critical to effectively assessing sentiment and making informed investment decisions. Remember, the goal is not just to react to the market’s mood but to anticipate it, staying one step ahead for more strategic trading and investment choices.
The post Rainbet and Crypto Casinos: Leaders of the Pack appeared first on Coinpedia Fintech News The rapid development of technology in the past decade has changed the face of many industries, with digital economies being the most impacted. If a currency is the most important part of traditional economies, then the development and growth of cryptocurrencies are the most fundamental change to our increasingly digitized world. This can be seen in the founding of online casinos and sports betting rooms, which have grown exponentially in the last 20 years. This development has not necessarily been always smooth. There are many overlaps between new ideas of digital economies and old-world financial infrastructure. Recently, we’ve seen the next leap in the evolution of the betting world from the site Rainbet.com. Dubbed a “crypto casino”, Rainbet is a gambling and betting website that offers a wide traditional variety of casino games and sports betting options but stays up to date on cutting-edge developments in cryptocurrency security, privacy, and other advances in the field. The Advantages of Using Crypto What do these “crypto casinos” offer that is an advantage over other websites that require more traditional monetary options? There are many advantages to using cryptocurrency when betting, both for the website and players. First and foremost, it is less expensive for online casinos. Without having to focus on paying fees and manpower to navigate a business that is in constant contact with many financial systems and regulations, these casinos are saving tons of money. This also extends to the players because they don’t have to spend their money elsewhere. These sites can offer deposit deals for cryptocurrency users, reward programs, and higher rewards. Rainbet.com offers 3 different deposit deals for potential players, which is a direct result of having lower expenses thanks to their emphasis on cryptocurrency. Security is another major factor. Rainbet uses blockchain technology, the cutting edge of cryptocurrency security and efficiency. This kind of technology allows for a transparent record of all bets and is the absolute cutting edge of secure digital financial transactions. By encouraging and protecting cryptocurrency transactions, Rainbet can offer their players faster deposits, quicker withdrawals, and more secure bets. As blockchain technology improves even more, gaming websites like Rainbet can start to develop “smart contracts”, verifiable, secure, and fully automated contracts for an even more streamlined gambling or betting experience. The Best of the Past and the Future Gambling, for many people, is about the “experience”. The initial challenge during the online betting boom in the past 20 years has been how to recreate the excitement and experience of a casino from the player’s computer or phone. By taking the best games that casinos can offer and combining them with the efficiency and democracy of digital currency, crypto casinos like Rainbet are now the leaders in the field of online gambling and sports betting. And you can bet that they will have their ear on the ground to find the newest technology to make the experience the best in the industry.
The DOJ said Tornado Cash was a money transmitting business, among other details.
Republic First Bank's 32 branches across the United States will reportedly reopen under Fulton Bank starting next week.
Standard Chartered Bank will be expanding and enhancing its suite of payments solutions with a focus on facilitating faster, and more cost effective businesses to business (B2B) transactions as it has now joined Visa B2B Connect, a multilateral payment network that enables faster and frictionless account-to-account cross-border payments for its corporate clients. Built upon Visa’s extensive global network, Visa B2B Connect offers multilateral connectivity to all network members through a single connection with transparent timeframes and costs, offering predictability and cost effectiveness. These capabilities help meet the needs of corporates of all sizes that are actively looking at ways to achieve quicker, more secure, and more efficient cross-border payments. The Bank will also act as one of Visa’s settlement partners within the network. In this capacity, it will facilitate payment flows, including settlement accounts, funds movement and FX capabilities for Visa. Philip Panaino, global head of cash at Standard Chartered Philip Panaino, global head of cash at Standard Chartered, said: “We are delighted to build on our existing partnership with Visa to deliver this innovative and future-ready cross border payment network offering to our clients. We will join as a participant bank and as Visa’s new settlement partner for a set of currencies.” Launch and roadmap Standard Chartered will provide Visa with the ability to extend additional settlement currencies and locations to its participant banks. Furthermore, the API solution offered by Standard Chartered supports the network design to allow network participants to benefit from the transparency of their payment status at any point in time. It does so by facilitating seamless payment and auto reconciliation. Standard Chartered is currently the settlement bank for Visa B2B Connect in the United Arab Emirates and is also a new settlement bank for Singapore, with additional plans underway to include the United States. The strength of the Bank’s FX liquidity capabilities and market presence also allows payments initiated in Singapore Dollars (SGD) and United Arab Emirates Dirham (AED) or other settlement currencies to be delivered to up to 100 currencies, further enhancing Visa’s network and client experience. The service will initially be available for Standard Chartered Singapore clients, although more entities will be added to the network in the months ahead. Through application programming interface (API) connectivity between Standard Chartered and the Visa B2B Connect network, transactions will be routed directly to Visa for further processing, removing multiple intermediaries and the associated costs and delays. Supporting corporates on their payments journeys Ben Ellis, senior vice president, global head of Visa B2B Connect at Visa Pananio added: “In today’s increasingly interconnected world, both corporates and payment networks are constantly looking for solutions and partners that can help them simplify cross border transactions and improve operational efficiencies, without compromising on security. Our engagement in the Visa B2B Connect network – both as a participant and as a settlement bank – is yet another way we are delivering value add to the broader ecosystem as we support corporates on their payments journey.” “Visa is committed to modernising cross-border payments around the world and the collaboration with Standard Chartered will extend our network even further,” said Ben Ellis, senior vice president, global head of Visa B2B Connect at Visa. “We are excited to be partnering with Standard Chartered to simplify and speed up transactions for their clients, cutting out middlemen and reducing costs for a more efficient and secure way to move money globally.” The post Standard Chartered Takes Next Step in Improving B2B Cross-Border Payments Through Visa B2B Connect appeared first on The Fintech Times.