Instagram, YouTube, TikTok, Twitter target of EU crypto advertising…

There is growing hope that the US central bank will skip a further rate hike but flag a resumption in July, as officials try to bring inflation down while limiting damage to the economy and the troubled banking sector.

1.Making Decisions Based on Other’s Advice

People who trade in the markets do not always make rational financial decisions. Sometimes individuals’ financial decisions were not made based on logical calculations but rather on edge factors such as family, friends, and social media, especially during “bull run” periods.

“The index sends another signal that demand is cooling and that the cumulative tightening is working through the economy, giving room to the Fed to pause in June to assess conditions further,” Saxo Markets strategists said in a note to clients.

The lawsuits against Binance and Coinbase Global have increased fears the crypto market’s ordeal could be prolonged further after the sector was battered by a string of meltdowns including the bankruptcy of FTX, Binance’s biggest competitor, last year.

LONDON, June 6 (Reuters) – The Australian dollar jumped to its highest since mid-May on Tuesday after the Reserve Bank of Australia (RBA) raised interest rates, in a decision that many analysts had said would be a close call between a hike and a pause.

Ethereum is trading down 2.66 per cent at $1,832, while Binance’s BNB cryptocurrency fell to a near three-month low of $278.20 after the price tumbled 9.2 per cent on Monday.

June 12 (Reuters) – Binance said in a tweet on Monday it would swap 750 million tether-tron token pairs for tether-ether in an attempt to maintain the stablecoin’s liquidity.

The lawsuits have rocked the crypto markets and Bitcoin fell more than five percent on Monday, its worst daily decline since April 19. The world’s biggest cryptocurrency was last at $25,723, near a more than two-month low.  

In a speech on Wednesday, RBA Governor Philip Lowe stepped up a warning of more rate hikes ahead to temper rising price pressures, even as risk of a steep economic downturn heightens with data showing GDP expanded at its weakest pace in 1-1/2 years last quarter.

Licensed firms, however, are subject to more onerous rules in areas including corporate governance, IT and compliance. A slew of crypto firms, including the world’s biggest exchange Binance, have already registered with the AMF.

Societe Generale’s crypto unit, Forge, is licensed as of Tuesday to offer services, including crypto custody, trading and sales, according to the website of France’s AMF market regulator.

The news was first reported by crypto outlet CoinDesk.

The bank said it would also from Thursday hold certain payments to crypto exchanges for 24 hours and soon introduce a monthly A$10,000 ($6,666) transfer limit to crypto exchanges.

The CBA spokesperson declined to say whether those measures would apply to all crypto exchanges or a select few.

At Binance, the lay-offs as reported by the Wall Street Journal are occurring as a string of executives have recently departed the company, Featured Page including Chief Strategy Officer Patrick Hillmann.

Hillmann confirmed on Twitter that he was leaving the exchange, citing personal reasons.

The decision comes weeks after Binance Australia told customers they would lose access to Australian dollar deposits and withdrawals because payments provider Cuscal cut access.

OBV is a great tool for predicting strong trends.

When the OBV aligns with the price of Bitcoin for a strong bull or bear movement, then it is best to trade the direction of that trend. This strategy is called smart money divergence and it is where the price of Bitcoin and ethereum are both behaving similarly but at some point, one fails to respect support or resistance lines.

You can also overlay a Bitcoin Chart and that of Ethereum for another OBV strategy.

You will need a reliable platform that provides access to important indicators and also a trading interface that is tuned to meet trader requirements.

TrailingCrypto is one such platform and the beauty is that you can switch from one exchange to another within its platform. It also uses measures such as API keys to connect to the different crypto exchanges, and two-factor authentication as security measures.

As far as the assets are concerned, you can trade Bitcoin pairs and other cryptocurrency pairs, so you have good variety. It also offers the flexibility of selecting different types of order types.