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XAU/USD Breaks Out of Pennant Pattern, Gold Price Predicted to Rise to $2,043

Source Node: https://platodata.network/platowire/xau-usd-breaks-out-of-pennant-pattern-gold-price-predicted-to-rise-to-2043/
Time Stamp: April 5, 2023 2:08 AM - Modified On: April 5, 2023 - Published By:
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Republished By Plato

The XAU/USD, also known as the gold price, has recently broken out of a pennant pattern, which is a bullish signal for the precious metal. This breakout has led many analysts to predict that the gold price will rise to $2,043 in the near future.A pennant pattern is a technical analysis chart pattern that forms when there is a period of consolidation after a strong price movement. The pattern is formed by two converging trendlines that form a triangle shape. The pennant pattern is considered a continuation pattern, which means

Bitcoin Price Drops as Binance Halts Spot Trading on a Temporary Basis

Source Node: https://platodata.network/platowire/bitcoin-price-drops-as-binance-halts-spot-trading-on-a-temporary-basis/
Time Stamp: March 24, 2023 9:02 AM - Modified On: March 24, 2023 - Published By:
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Republished By Plato

On May 19, 2021, the price of Bitcoin dropped significantly as Binance, one of the world's largest cryptocurrency exchanges, announced that it would temporarily halt spot trading due to technical issues. The announcement sent shockwaves through the cryptocurrency market, with many investors and traders scrambling to sell their holdings before the price dropped further.Binance is a popular exchange that allows users to trade a wide range of cryptocurrencies, including Bitcoin, Ethereum, and Binance Coin. The exchange has been at the forefront of the cryptocurrency industry for several years, and its

Hindenburg’s criticism of crypto company causes decline in block shares

Source Node: https://platodata.network/platowire/hindenburgs-criticism-of-crypto-company-causes-decline-in-block-shares/
Time Stamp: March 23, 2023 3:01 PM - Modified On: March 23, 2023 - Published By:
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Republished By Plato

The world of cryptocurrency has been in the spotlight for quite some time now, with many investors flocking to the market to capitalize on its potential for high returns. However, recent events have shown that the industry is not immune to criticism and negative press. One such incident occurred when the famous investor Carl Icahn's firm, Hindenburg Research, published a scathing report on a crypto company, causing a decline in its block shares.The company in question was called Ebang International Holdings, a Chinese-based manufacturer of Bitcoin mining machines. Hindenburg's report

Individuals Increasingly Favor Tesla Stock as Popularity Soars

Source Node: https://zephyrnet.com/tesla-stock-more-popular-than-ever-with-individuals/
Time Stamp: March 21, 2023 2:10 PM - Modified On: March 21, 2023 - Published By:
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Published by Plato

Tesla, the electric car manufacturer, has been making waves in the stock market lately. The company's popularity has soared in recent years, and as a result, individuals are increasingly favoring Tesla stock. In this article, we'll explore why Tesla has become so popular and why investors are flocking to its stock.One of the main reasons for Tesla's popularity is its innovative approach to the automotive industry. The company's electric cars have revolutionized the way we think about transportation, and they have been well-received by consumers. Tesla's commitment to sustainability and

UBS Acquires Credit Suisse for $3.2B Following Offer from Justin Sun

Source Node: https://zephyrnet.com/ubs-completes-credit-suisse-deal-for-3-2b-following-offer-from-justin-sun/
Time Stamp: March 19, 2023 3:28 PM - Modified On: March 19, 2023 - Published By:
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Published by Plato

In a major move, UBS Group AG has acquired Credit Suisse Group AG for $3.2 billion following an offer from Justin Sun, the founder of cryptocurrency platform TRON. The acquisition is the largest of its kind in Switzerland and will create a banking powerhouse in the country. The deal was announced on June 15th, 2020 and is expected to close in the second half of 2021. It will create a banking giant with assets of around $1.3 trillion and more than 60,000 employees. The merger will also create a new

Shiba Inu Price Surges Above $0.00001000 Despite Risk of Decline

Source Node: https://zephyrnet.com/shiba-inu-risks-decline-but-break-over-0-00001000/
Time Stamp: March 18, 2023 4:14 AM - Modified On: March 18, 2023 - Published By:
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Published by Plato

The Shiba Inu (SHIB) cryptocurrency has been making headlines lately, as its price has surged above $0.00001000 despite the risk of a decline. The digital asset, which is based on the popular Dogecoin meme, has seen its value increase by more than 700% since its launch in August 2020. This meteoric rise has made it one of the top performing cryptocurrencies in the market. However, despite its impressive gains, there is still a risk that the SHIB price could decline. This is due to the fact that the asset is

MakerDAO Increases US Treasury Bond Holdings by 150% Over Previous Quarter

Source Node: https://zephyrnet.com/makerdao-increases-us-treasury-bond-holdings-by-150/
Time Stamp: March 17, 2023 11:10 PM - Modified On: March 17, 2023 - Published By:
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Published by Plato

In recent news, MakerDAO, a decentralized finance (DeFi) platform, has announced that it has increased its holdings of US Treasury bonds by 150% over the previous quarter. This significant increase in holdings is a testament to the growing popularity of DeFi and the increasing demand for secure and reliable investments. MakerDAO is a decentralized autonomous organization (DAO) that allows users to create and manage their own digital assets. The platform is powered by the Ethereum blockchain and is designed to provide users with a secure and reliable way to store

Dogecoin Price Drops to Near $0.060 Low

Source Node: https://zephyrnet.com/dogecoin-falls-sharply-and-approaches-0-060-low/
Time Stamp: March 12, 2023 10:10 AM - Modified On: March 12, 2023 - Published By:
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Published by Plato

Dogecoin, the popular cryptocurrency, has seen its price drop to a near $0.060 low. This is a significant drop from its all-time high of $0.082, which it reached in early 2021. The sudden price drop has caused concern among investors and traders alike, as many had expected the price to continue to rise. The cause of the price drop is not yet known, but some speculate that it could be due to a combination of factors. One possible factor is the recent news that Dogecoin’s creator, Jackson Palmer, has left

German Inflation Data Boosts EUR/USD Exchange Rate as US NFP Weighs on USD

Source Node: https://zephyrnet.com/eur-usd-climbs-on-high-inflation-data-in-germany-as-the-usd-sinks-post-us-nfp/
Time Stamp: March 12, 2023 6:13 AM - Modified On: March 12, 2023 - Published By:
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Published by Plato

The EUR/USD exchange rate has been on a roller coaster ride in recent weeks, as the US Non-Farm Payroll (NFP) report weighed on the US dollar and German inflation data boosted the euro. The NFP report, which measures the number of jobs created in the US economy, came in weaker than expected, sending the US dollar lower. Meanwhile, German inflation data showed that consumer prices rose more than expected in April, providing a boost to the euro.The EUR/USD exchange rate is a key indicator of the relative strength of the

Tether Remains the Only Stablecoin Trading Above its Peg as USDC Contagion Affects Top 10 Cryptocurrencies

Source Node: https://zephyrnet.com/nine-out-of-top-10-stablecoins-trading-below-peg-as-usdc-contagion-spreads-tether-sole-survivor/
Time Stamp: March 11, 2023 5:36 PM - Modified On: March 11, 2023 - Published By:
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Published by Plato

In the world of cryptocurrency, one of the most important concepts is that of a stablecoin. Stablecoins are digital assets that are designed to maintain a stable value relative to a specific asset, such as the US dollar. Tether (USDT) is the most popular stablecoin, and it has remained the only stablecoin trading above its peg as USDC contagion affects the top 10 cryptocurrencies. The USDC is a stablecoin that is pegged to the US dollar and is backed by the US dollar reserves held by its issuer, Circle. It

BlockFi Denies Exposure to Silicon Valley Bank, Other Companies Claim Otherwise

Source Node: https://zephyrnet.com/circle-blockfi-may-have-exposure-to-silicon-valley-bank-other-firms-deny-exposure/
Time Stamp: March 10, 2023 11:20 PM - Modified On: March 10, 2023 - Published By:
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Published by Plato

BlockFi, a digital asset management platform, recently denied any exposure to Silicon Valley Bank (SVB). This news came as a surprise to many, as other companies have claimed that BlockFi has been exposed to SVB. BlockFi is a platform that allows users to earn interest on their crypto assets, such as Bitcoin and Ethereum. It also provides users with the ability to borrow money against their crypto holdings. The company has been gaining popularity in recent months, and is now one of the most popular crypto asset management platforms. However,

Agile Growth Corp. Announces Redemption Price for Publicly Traded Securities

Source Node: https://zephyrnet.com/agile-growth-corp-announces-redemption-price-of-its-publicly-business-wire/
Time Stamp: March 9, 2023 9:15 PM - Modified On: March 9, 2023 - Published By:
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Published by Plato

Agile Growth Corp. recently announced the redemption price for its publicly traded securities. The redemption price, which is set at $1.25 per share, is the amount that shareholders will receive when they choose to redeem their shares.The announcement of the redemption price is a significant event for Agile Growth Corp. shareholders. It marks the end of a period of uncertainty for investors, who had been waiting for the company to set a redemption price. The redemption price is also an important indicator of the company's financial health and prospects for