Aurelia Butler

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    in Cryptocurrency

    Bitcoin Price Has One Concern, Reveals Legendary Trader Peter Brandt

    In particular, the trader did not rule out the possibility that Bitcoin could see almost 520% growth in its price against gold in the coming months. However, when further asked what he thought about the fact that the cryptocurrency has already lost its uptrend line against gold futures, Brandt said he does not trust or use trend lines, but he is concerned that BTC remains below its 2021 high in inflation-adjusted terms.”Could it roll over for a complete new reset?” the trader asks, saying he does not rule out such an outcome.According to various estimates, Bitcoin would have to reach around $78,000 to break the November 2021 levels. The “who to blame” here is of course not the cryptocurrency itself, which has seen growth of almost 290% since the beginning of 2023, but the U.S. dollar, in which the price of BTC is often denominated.This article was originally published on U.Today More

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    in Economy

    Factbox-Austrian political parties’ plans for the economy

    Here’s what the main political parties propose on the economic front:FREEDOM PARTY – FPOThe far-right FPO, which narrowly leads opinion polls, wants deregulation and lower taxes, including:- Cutting corporation tax on small businesses from 23% to 10%- Scrapping a tax on carbon emissions introduced in 2022- Price controls during times of severe inflation on food, rent and energy as well as reducing sales tax on essentials- Expanding renewable energy while saying Russian gas will continue to be required- Greater annual pension increases particularly of small and minimum state pensionsAUSTRIAN PEOPLE’S PARTY – OVP Second behind the FPO in polls, the ruling conservatives also want lower taxes and lighter regulation, including:- Progressively cutting employment taxes- Making corporation tax at least 0.5% lower than the average rate among EU member states- Gradually cutting tax take as a percentage of GDP to 40% from 43.1% in 2022, according to OECD data- Putting automatic expiry dates on laws that introduce new regulations so they are only renewed if necessary- Removing two regulations for each new one introduced- Self-sufficient energy supply based on renewables, without mentioning a timeframeSOCIAL DEMOCRATS – SPO Polling around 20% of support, the leftist SPO calls for a shift in the tax burden from income to assets, saying this will allow them to cut taxes for 98% of taxpayers.They propose:- Bringing corporation tax back to 25% from the 23% which the OVP-Greens coalition reduced it to – Special levies on energy companies and banks that have profited from rising energy prices and higher interest rates- Gradually turning state holding company OBAG into the main vehicle for promoting renewable energy and the green transition, including using dividends paid to it by companies like oil and gas firm OMV and A1 Telekom Austria (OTC:TKAGY) to fund it- Quickly reducing dependence on Russian gas- Testing a four-day working week with companies and unionsNEW AUSTRIA – NEOSThe liberal party is polling about 10% and calls for:- Reducing employment taxes so workers take home more pay- Abolishing capital gains tax for long-term stock market investments to boost savers’ returns and domestic investment- Funding more apprenticeships and supporting vocational education to ensure it is seen as the equal of academic qualifications- Moving away from fossil fuels and Russian gas, setting up “one stop shops” to expedite approval of infrastructure needed for the green transition- Raising the retirement age to reflect greater life expectancyTHE GREENSIn coalition with the OVP since 2020 and polling about 8%, the left-wing Greens want a more active industrial policy and greater taxation of wealth instead of income.They propose:- Cutting subsidies for environmentally-damaging businesses to help fund infrastructure for the green transition- Expanding a carbon emission tax introduced in 2022, and the “climate bonus” paid out to Austrians from the proceeds- Abolishing licences for about half the jobs which today require them, such as travel agents, cooks and goldsmiths- Making Austria draw all its power from renewable sources by 2030, with a law mandating a move away from Russian gas- Progressively cutting the work week to 35 hours once skilled worker shortages have been addressed More

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    in Economy

    Mexico’s inflation expected to slow in first half of September: Reuters poll

    The median estimate from 11 analysts forecast the overall consumer price index (CPI) would fall to 4.73%, which would be its fourth consecutive fortnight of decline, though it would still be above the official target of 3%, plus or minus a percentage point.The core inflation index, which excludes products with high volatility to better gauge price trends, is projected to decrease to 3.97%, which would be its lowest level since February 2021.In the first 15 days of September, prices were estimated to have increased by 0.15% compared to the previous two weeks, with core prices up by 0.23%, according to the Reuters poll.The central bank’s board cut its benchmark interest rate by 25 basis points in early August in a divided vote. The board anticipated that the inflationary environment would allow it to discuss greater monetary easing.The Bank of Mexico’s next monetary policy decision will be announced on Thursday, just over a week after the Federal Reserve began a process of easing its monetary policy with an aggressive half-percentage-point rate cut, paving the way for the Mexican central bank to lower interest rates again.The National Statistics Institute, INEGI, will release on Tuesday the consumer price data for the first half of September. More

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    in Cryptocurrency

    LO:TECH Launches New MMaaS Platform for Token Liquidity with Unprecedented Transparency and Control

    New MMaaS platform empowers token projects and protocols with real-time visibility, flexible liquidity management, and enhanced exchange relationships.Digital asset trading firm Low Observable Technology (LO:TECH) announced the launch of an innovative new Market Making Service (MMaaS) platform today. Backed by leading venture capital firm Lightspeed Faction, LO:TECH’s new platform delivers unparalleled transparency, control, and flexibility for token projects, protocols, and crypto foundations in managing their liquidity across global exchanges.Interested parties can learn more about the service, and LO:TECH is now accepting clients for trials and demonstrations.Built on LO:TECH’s institutional-grade, low-latency technology, the market-making service provides a previously unseen level of control for the user. Its comprehensive, streamlined dashboard gives clients real-time insights, allowing for full visibility and control over their liquidity strategies. Token issuers can seamlessly adjust key parameters and generate instant, detailed reports.LO:TECH’s MMaaS platform is designed to meet the needs of a broad range of clients, from token projects and protocols looking to stabilise their markets, exchanges seeking enhanced liquidity for trading pairs, to crypto foundations and projects managing large token reserves.Low Observable Technology (LO:TECH) is a digital asset trading firm based in London, UK, committed to empowering a more equitable financial future by enhancing market efficiency, accessibility, and transparency. Since its founding, LO:TECH has leveraged cutting-edge technology to provide liquidity to global markets and offer clients innovative, transparent trading solutions. Their mission is to make markets better by providing clients with the tools to elevate their trading performance and decision-making capabilities. LO:TECH is driven by a bold vision to become a global leader in market-making and execution services for digital assets, offering a range of services including Market Making, Market Data, Trade Analysis, and Execution Services.To learn more about LO:TECH, users can visit https://lo.tech.ContactMarketing DirectorStephen DuffyLO:[email protected] article was originally published on Chainwire More

  • 75 Shares179 Views

    in Economy

    Better late than never: Italy’s back!

    Save over 65%$99 for your first yearFT newspaper delivered Monday-Saturday, plus FT Digital Edition delivered to your device Monday-Saturday.What’s included Weekday Print EditionFT WeekendFT Digital EditionGlobal news & analysisExpert opinionSpecial featuresExclusive FT analysis More

  • 125 Shares169 Views

    in Cryptocurrency

    Solana-Based $MATRIX Token Goes Live, Powering Decentralized Human-like AI Characters

    The token is now available on CEXs Gate.io and MEXC, and DEX Jupiter.Matrix One, The decentralized protocol accelerating the development of human-like AI characters, is pleased to announce the successful launch of its native token, $MATRIX. The $MATRIX token, which went live on September 17 is now available for trading on leading cryptocurrency exchanges Gate.io, MEXC, and Jupiter, following sold-out Initial DEX Offerings (IDOs) across multiple platforms, including Seedify, ChainGPT, Eesee, SeaPad, and WeWay Launchpad.Token Utility and Ecosystem IntegrationThe $MATRIX token serves as the cornerstone of the Matrix One ecosystem, offering multiple utility functions across various decentralized applications (dApps) built on the protocol. Key utilities of the token include:The total supply of $MATRIX is capped at 10 billion tokens, with 164,525,000 tokens circulating immediately following the TGE. The distribution of the total supply is as follows:As of the token launch, $MATRIX is actively listed on Gate.io, MEXC, and Jupiter. Market capitalization information is available in real-time on Dextools here.Achievements and MilestonesMatrix One is already home to a functional dApp, Avatar.One, which has over 500,000 active users. In addition, more than 100,000 Solana wallets are registered within the ecosystem, reflecting the growing adoption of Matrix One technology.About Matrix OneMatrix One is a decentralized platform dedicated to revolutionizing the interaction between users and AI-driven characters. Through its ecosystem of dApps, including Avatar.One, Matrix One leverages blockchain technology to offer decentralized ownership, monetization opportunities, and community-driven governance of AI-generated characters. With a rapidly growing user base and innovative use cases, Matrix One aims to bridge the gap between AI and blockchain by empowering users to create, engage with, and govern dynamic virtual characters.ContactMark StudholmeMatrix [email protected] article was originally published on Chainwire More

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    in Cryptocurrency

    Pyth Network Launches Oracle Integrity Staking to Incentivize High-Quality Price Feeds

    Oracle (NYSE:ORCL) Integrity Staking enables a more secure DeFi and gives stakers the chance to earn yieldPyth Network (“Pyth”), the public decentralized data infrastructure that empowers the next generation of financial applications, today announced the launch of Oracle Integrity Staking (“OIS”). This is the latest innovation to Pyth Price Feeds which unlocks an entirely new generation of on-chain financial data, where anyone can be rewarded for providing economic protection and data source accountability within the Pyth Protocol.As DeFi expands, the needs of builders and users have continued to evolve. The demand for heightened security and reliability in Web3 capital markets by smart contract developers and market participants has never been greater. Oracle Integrity Staking enhances the accuracy and reliability of Pyth Price Feeds by aligning the incentives of publishers and stakers with Pyth’s security and data quality goals. For developers, Oracle Integrity Staking means greater confidence in the data they rely on, enabling them to build fearlessly without concern over data integrity and security. Oracle Integrity Staking directly rewards data accuracy and performance by ensuring publishers and stakers are incentivized to maintain high data standards.This contribution strengthens the resilience and security of Pyth Price Feeds; in return, PYTH stakers are programmatically rewarded for securing the oracle network and protecting DeFi. In the unlikely event that a publisher provides inaccurate data, both the publisher and any stakers supporting them will have 5% of their stakes slashed as a penalty to ensure all parties are economically aligned with the goal of providing more reliable data.Data Publisher QuotesPyth Network is the public decentralized data infrastructure that empowers the next generation of financial applications. Pyth provides DeFi builders with the supercharged infrastructure they need to create dApps that deliver experiences on the same level as apps. Equipping data providers, typically financial institutions, with a new way to monetize their quote and trade data while playing a key role in the nascent digital asset class. As the underlying market infrastructure, Pyth Network facilitates almost a trillion dollars in total transaction volume across over 70 blockchains and 400 applications that rely on its quote and trade data.To learn more, users can visit: https://www.pyth.network/Media Contact: [email protected] [email protected] article was originally published on Chainwire More

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    in Cryptocurrency

    Peter Schiff: Everybody Missing This Because of Bitcoin

    Schiff contends that investors are blind to the way gold has performed and the important signal it is providing — that monetary policy is too loose and inflation is about to spike higher. However, a large portion of the market is now interested in Bitcoin. The price of the cryptocurrency has been falling within a channel despite attempts to break above significant resistance around $70,000. Despite some positive movement recently, the price of Bitcoin is still stuck in a bearish channel. Without a breakout, the upper resistance holds firm, and Bitcoin may retrace to important levels at or near $60,000 or even $58,000. Gold keeps moving higher in the meantime. The chart displays a consistent upward trend that is backed by copious buying activity. Gold is proving to be a reliable conventional store of value with its new high of over $2,615, especially as worries about inflation increase.Investors continue to disagree on the comparison of Bitcoin and gold. In the current economic climate, gold, which has a long history of serving as an inflation hedge, is sending out clear signals. However, Bitcoin, also known as digital gold, has experienced greater volatility even though it has previously shown promise as an inflation hedge. Peter Schiff quite often reminds everyone in the community that Bitcoin is inferior to gold and should not take so much attention away from it. However, gold is clearly losing to Bitcoin in terms of returns and volatility, which makes it a less risk-on asset and more of a store of value.This article was originally published on U.Today More