Sovos, the always-on compliance company, announced that it has aligned with the Digital Business Networks Alliance (DBNAlliance) as an early member, marking a significant milestone in the initiative's development.
In order to further increase Swedbank’s ability to combat financial crime, Anti-Financial Crime (AFC) will be integrated into Group Products and Advice (GPA), effective immediately.
Forge, the operator of a marketplace fo trading in private companies, has launched in Europe with the support of Deutsche Börse.
Today, the leading enterprise platform for data automation, Duco appoints Josh Monroe as Chief Revenue Officer.
Overdraft fees are a contentious issue in banking. The Fed Reserve Bank of New York surveyed consumers to see what they know.
The post Bitcoin Funding Rates Goes Negative Just Before Halving – Is a Bear Market Imminent? appeared first on Coinpedia Fintech News Bitcoin’s funding rate, a key metric in the crypto derivatives market, has turned negative for the first time since late 2023, signaling a bearish shift in market sentiment. This unexpected occurrence comes just two days before the anticipated Bitcoin halving event, raising questions about its implications for investors and traders. Bitcoin Funding Rate Turns Negative Renowned market data provider Kaiko has revealed that Bitcoin’s funding rate dipped into negative territory just before the recent halving event on April 20. This marks the first time in 2024 that the funding rate has turned negative, indicating a possible shift in market dynamics. Funding rates for $BTC perps turned negative for the first time since late 2023 in the lead up to the halving. pic.twitter.com/MjiU4C1L5m— Kaiko (@KaikoData) April 24, 2024 The halving, which reduced Bitcoin’s block reward from 6.25 to 3.125 BTC, has already begun to impact the cryptocurrency landscape. Meanwhile, a negative funding rate suggests that short positions are paying long positions, potentially signaling increased bearish sentiment among traders. This trend was observed on April 18 when Bitcoin’s aggregated funding rate across major derivatives markets dropped to -0.0030. The last time Bitcoin’s funding rate entered negative territory was on Oct. 19, 2023, highlighting the significance of this recent development. Resurgence of Bullish Sentiments Despite the brief period of negative funding rates, Bitcoin’s sentiment has seen a resurgence following the halving event. The funding rate has since recovered, and aggregated open interest (OI) has increased from $15.55 billion to $17.18 billion. Additionally, the BTC Long/Short Ratio has risen to 1.46, indicating a shift towards bullish sentiment among market participants. On the other hand, Trader Oasis, an author at CryptoQuant, highlights that the declining funding rate bodes well for BTC. Macroeconomic Factors At Play Analysts attribute the renewed bullish sentiment to broader macroeconomic factors, including global inflationary pressures and geopolitical uncertainties. With its finite supply and perceived role as a hedge against inflation, Bitcoin continues to attract investors seeking refuge from traditional market volatility. Moreover, increasing institutional adoption further validates Bitcoin’s status as a legitimate asset class. Bitcoin’s Price Analysis Despite recent fluctuations, Bitcoin’s price remains at $64,218, reflecting a 3.75% decline for the day. Its market capitalization stands at $1.26 trillion.
The post Top 3 Trending Altcoins for 2024: Chainlink (LINK), Solana (SOL), and Rollblock (RBLK) appeared first on Coinpedia Fintech News With the crypto market having undergone a downtrend in the past seven days, the market is currently green, triggered by a Bitcoin price rally on April 8th, 2024, to trade at $72,000. Additionally, the most anticipated Bitcoin halving is also closing in, meaning investors are currently on the lookout for potential altcoin cryptos that can help rebalance their buy-and-hold portfolios. Their main focus is cheap assets, offering a higher growth potential in 2024. This includes altcoins like Chainlink (LINK), Solana (SOL), and Rollblock (RBLK). These trending altcoins have managed to record impressive price action, with some even hitting new highs with the Bitcoin rally. Rollblock a new altcoin, having secured all necessary legal permissions and licenses for a lawful operation, will offer its investors a chance to enjoy 100x returns on investment—making it one of the best altcoins to invest in. Chainlink (LINK) MVRV Ratio Massively Drops In a volatile crypto world, Chainlink (LINK) seems to have captured the attention of analysts and traders alike with a recent plunge in the Market Value to Realized Value (MVRV) ratio. According to crypto analyst Ali Martinez, the dipping MVRV 30-day ratio for Chainlink coin offers a historic buying opportunity, promising an impressive return of around 50%. According to CoinMarketCap, the price of Chainlink is trading at around the $12.80 mark. Ali Martinez also noted that at the moment, the LINK MVRV 30-day ratio stands at -17.54%, suggesting that this might be the right time to buy into the Chainlink coin dip. For people who are not familiar with the MVRV ratio, it’s a metric that’s used to assess an asset’s market value relative to the crypto’s realized value. If the rations significantly drop, it’s often an indication that the asset is normally undervalued and might present quite an attractive buying chance, as is the case with Chainlink. Solana (SOL) Price on a Recovery Trajectory Designed to facilitate the easy creation of decentralized apps, Solana (SOL) seems to be making huge waves within the altcoin market of 2024. Solana price, having peaked at $185 on April 8th, 2024, witnessed a 10% bounce within the past week. This high momentum soar was attributed to the bullish tailwinds from positive non-farm payroll data. Something that highly boosted the price of Solana and the associated risk assets upwards. Currently trading between $124.89 and $129.10 according to CoinMarketCap, the price of Solana might also undergo a price push with the incoming Bitcoin halving event. Additionally, Solana coin market data highlights that different investors are betting on a further upside. Something that has been backed by market analysts who seem to foresee the price prediction of Solana rising over the $200 mark within the coming weeks. Despite the Solana price having hit the over $200 mark severally in March 2024, the altcoin failed to establish a reliable support level above its milestone territory. Rollblock (RBLK): Emerging as a Top Contender in the Crypto Market Amid all this, a new project seems to be captivating many investors within the altcoin market. This unique and outstanding Rollblock platform is set to be a game changer for the traditional online gaming ecosystem, as it will incorporate both blockchain technology and cryptos. With blockchain technology as its pillar, Rollblock intends to offer its users a rapid transaction system topped with low transaction fees. Additionally, the token holders will have a chance to enjoy a revenue-sharing model, where they will get to enjoy a certain percentage of the casino’s daily revenue. This unique feature and its approach to its token burn mechanism outline its outstanding passive income capability as a platform. Moreover, Rollblock also intends to bridge the gap between the highly valued gaming market which is predicted to have a valuation of around $682 billion by 2030. The platform’s tokenomics model is also designed to foster utility, encouraging player participation while guaranteeing long-term viability. Something that highlights Rollblock’s dedication to creating a reliable ecosystem that provides mutual benefits to all participants. Currently at its stage one presale, where the RBLK token is going for just $0.01, Rollblock seems to be on the right trajectory to becoming the best altcoin of 2024. Analysts have also outlined their price prediction for Rollblock, with many of them foreseeing up to 100x price growth once RBLK is listed among the top crypto exchange platforms in Q3 of 2024. Is the Rollblock Altcoin set to outshine Chainlink and Solana? Chainlink and Solana are well-established altcoins with a stronger hold on the altcoin market. However, despite their resilience, Rollblock coin is also emerging as a strong competitor, which ranks it among the best altcoins in 2024. Discover the Exciting Opportunities of the Rollblock (RBLK) Presale Today! Website: https://presale.rollblock.io/ Socials: https://linktr.ee/rollblockcasino
The post Baby DogeCoin Price Surges 15% With Zero-Fee Strategy appeared first on Coinpedia Fintech News Baby DogeCoin (BABYDOGE), one of the top dog-themed meme coins that thrived from Elon Musk’s tweet, rallied over 15 percent in the past 24 hours despite the general crypto bearish sentiment. With a fully diluted valuation of about $882 million, the small-cap meme coin saw its daily average traded volume triple to around $17 million. What Influenced Baby Doge Coin Spike The sudden spike in Baby DogeCoin was largely influenced by the overwhelming support of the new DAO proposal for 0 percent fees to transfer, buy, and sell on the BNB Chain. Remarkably, the DAO proposal received over 98.89 percent community support. As a result, BABYDOGE can now compete with other top-tier meme coins like Floki (FLOKI) and Solana-based projects in trading volume. Exciting Update! An overwhelming 98.89% of voters have chosen in support of 0% fees, potentially enhancing your interactions with our beloved #BabyDoge making our meme easier to interact with Exciting times ahead for the #BabyDogeArmyVote now below … https://t.co/qZKcvrllOg pic.twitter.com/6adhNuaAAW— Baby Doge (@BabyDogeCoin) April 25, 2024 Over the past years, buying, selling, or transferring BABYDOGE has cost holders up to 10 percent tax, making the meme coin unattractive to small meme coin traders and whale traders. “Lowering fees to 0% may make Baby Doge more accessible to a wider user base. A 0% fee may encourage more frequent usage and transactions. The proposal noted that a 0% fee structure positions Baby Doge as a more attractive option than other memes with higher transaction costs, potentially drawing in new user adoption and use cases,” the proposal noted. The Downside The overwhelming support of the new DAO proposal to lower transaction fees to zero means BABYDOGE will not be conducting its usual monthly burns. Additionally, the team announced that it can now tap on the unlocked tokens, amounting to $100 million worth of BABYDOGE, to increase the number of team members, among other expenses. The $BABYDOGE price has been consolidating in a macro triangular pattern for more than two years. However, the $BABYDOGE price signaled a bullish season ahead after a breakout from a macro-falling logarithmic trend and retested the upper border of the triangle. The meme coin price rebounded in the last two weeks from the recent crypto correction. Furthermore, the weekly Relative Strength Index (RSI) rebounded on the 50 level for the first time.