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AUDUSD bases near support. Stretching to new highs above swing area at 0.6505 to 0.6513.

AUDUSD bases near support. Stretching to new highs above swing area at 0.6505 to 0.6513.

November 19, 2024 7:56 pm |

The AUDUSD moved lower earlier in the day and that move to the downside tested a swing area between 0.6471 and 0.6479. The low price for the day reached 0.6481 before bouncing back to the upside.

The move to the upside did extend back above a swing area going back to mid July between 0.6505 and 0.65129. That area is now closed support for traders looking for more upside in the AUDUSD.

The price is approaching a swing area between 0.65357 and 0.65537. The falling 100 bar moving average on the 4-hour chart is also moving toward the high of that swing area which would increase that area’s importance on further upside momentum.

This article was written by Greg Michalowski at www.forexlive.com.

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KC Fed Pres. Schmid: Remains to be seen how far interest rates may fall

KC Fed Pres. Schmid: Remains to be seen how far interest rates may fall

November 19, 2024 7:30 pm |

  • Remains to be seen how far interest rates might fall
  • Cuts are an acknowledgment of the Fed’s confidence inflation is on a path to 2% target.
  • Large fiscal deficits will not cause inflation because the Fed will prevent it, though that could mean higher interest rates

This article was written by Greg Michalowski at www.forexlive.com.

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WhiteBIT Exchange Celebrates 6 Years of Innovation and Partnerships in the Crypto Industry

WhiteBIT Exchange Celebrates 6 Years of Innovation and Partnerships in the Crypto Industry

November 19, 2024 6:58 pm |

WhiteBIT crypto exchange is celebrating six years of rapid growth, solidifying its position among the leaders in the European crypto market. From its beginnings as an ambitious startup in 2018, the company has evolved into a key market player with 5.5 million users thanks to innovative solutions, a rapidly expanding ecosystem, a strong focus on security, and continuous enhancements to the user experience.

6 Key Achievements

1. WhiteBIT Surpasses 5.5 million Users, Strengthening Its Leadership in Europe

Ahead of its sixth anniversary, WhiteBIT crypto exchange has reached a milestone of over 5.5 million registered users. In the past year alone, the platform added more than 1.5 million new accounts, doubling its 2022 numbers. The platform’s 24-hour trading volume approaches $11 billion, while futures trading reaches nearly $40 billion as of November 13. Additionally, its B2B services now cater to over 1,000 business clients. These impressive achievements are driven by the continuous enhancement of the user experience and significant investments in security.

2. WhitePool: $1.2 Million in a Single Day

In October 2024, WhitePool, the crypto exchange’s dedicated mining pool, set a new record. On October 8, it successfully mined 6 blocks, generating over $1.2 million in one day. With a hashrate surpassing 7 EH/s, this milestone highlights strong user engagement and support. Since its launch, WhitePool participants have collectively mined over 320 blocks, showcasing the platform’s efficiency and the computing power of its users. Despite being launched only in August, WhitePool has secured a spot in the top 15 global mining pool rankings.

3. WhiteBIT Coin (WBT) Has Nearly Doubled in Value Since the Beginning of October

WhiteBIT’s native coin has demonstrated its growth, with its rate nearly doubling to $22.42 as of November 13. This surge was propelled by the token’s ongoing integration into the platform’s ecosystem and additional rewards for users actively engaging on the exchange.

4. Strategic Partnerships on Local and Global Levels

WhiteBIT and FC Barcelona have launched an innovative educational program on blockchain technology and cryptocurrency titled “Game-Changing Tech: Mastering Blockchain” through the Barça Innovation Hub platform. The exchange also signed a memorandum of cooperation with the global Visa payment system to integrate crypto assets into fintech products.

5. PCI DSS Certification and Hacken Award for High Level of Security

This year, WhiteBIT received the highest level of Payment Card Industry Data Security Standard (PCI DSS) certification for payment data security and a prestigious award from Hacken for achievements in cybersecurity. The crypto exchange is constantly improving its security systems, guaranteeing high standards of security of users’ data and assets. In addition, according to the audit of the certification platform CER.live, WhiteBIT is among the five most secure crypto exchanges.

6. Since the beginning of the full-scale invasion, the company has donated over $11 million to support the Ukrainian army and civilians.

Thanks to Whitepay’s solution, major charitable organizations can now receive cryptocurrency donations. This enables transparent transactions and attracts international donors who prefer crypto transfers. To date, over 100 million USDT in crypto donations have been collected through Whitepay’s crypto-processing solution.

Celebrating Six Years

To celebrate its sixth anniversary, WhiteBIT has launched the new Bull Run Telegram app, where users can compete throughout November for a prize pool of up to ~30,000 USDT in various cryptocurrencies. Participants can test their intuition by predicting market movements and challenging other players in real-time. The game has already attracted over 640,000 users actively vying for the top prizes, with 15,400 USDT already awarded in various assets.

The founder and CEO of WhiteBIT, Volodymyr Nosov, shared: “Six years ago, we embarked on our journey with a clear goal — to make cryptocurrency accessible to everyone. Since then, we’ve continuously invested in innovation, expanded partnerships with leading brands, and implemented cutting-edge solutions to integrate cryptocurrency into the daily lives of millions. But despite our achievements, we are far from done. Looking ahead, our focus is on further developing the WhiteBIT ecosystem, expanding our product offerings, and creating even more opportunities for our users.”

About WhiteBit

WhiteBIT (https://whitebit.com) is one of the largest European centralized crypto exchanges founded in 2018. The exchange offers 600+ trading pairs, 300+ digital assets, and 9 state currencies. The company is an official partner of the Ukrainian national football team, FC Barcelona, FC Trabzonspor, FACEIT. The goal of WhiteBIT is the mass implementation of blockchain technology worldwide.

This article was written by FM Contributors at www.financemagnates.com.

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Gemini Launches in France After VASP Registration, Expands Crypto Services

Gemini Launches in France After VASP Registration, Expands Crypto Services

November 19, 2024 6:56 pm |

Gemini, a platform for crypto and Web3 services, has
officially launched in France after registering as a Virtual Asset Service
Provider (VASP) earlier this year. According to the firm, this move aligns with
the its strategy to expand its presence in Europe, capitalizing on France’s
growing crypto and Web3 market.

French users can now access Gemini’s platform to
deposit, trade, and store over 70 digital assets through both web and mobile
applications. Payment options include local methods like EUR and GBP, with
support for debit cards, bank transfers, and Apple Pay.

Gemini Targets French Market

Advanced traders can use Gemini’s ActiveTrader to access
over 80 trading pairs, while institutional clients can take advantage of
Gemini’s OTC desk and eOTC trading system, designed to facilitate large
transactions with deep liquidity.

Gemini’s expansion into France is seen as a key step in its
growth strategy. According to the firm, the country’s positive stance toward crypto and its
supportive regulatory environment have made it an attractive market for crypto
firms.

Gemini’s market research indicates that France has a growing interest in
digital assets, supported by a strong regulatory framework that offers
opportunities for platform growth.

France Leads Crypto Growth

France
has experienced significant growth in crypto adoption, with a 2
percentage-point increase in the number of crypto owners since 2022, making it
one of the highest growth countries in the post-crypto winter period.

“We
believe in empowering individuals through crypto, and our expansion into France
marks a significant milestone in our mission to make crypto accessible to
everyone,” said Gillian Lynch, Gemini’s CEO of UK & Europe.

“Gemini’s
research into the French market shows its growing interest in digital assets,
and a robust regulatory framework presents a unique opportunity to introduce
our platform to the trading community and extend our presence in the European
market over the coming months.”

Crypto Trust Surges Globally

Gemini’s 2024 Global State of Crypto report highlights that
France has a favorable attitude toward digital assets, with respondents showing
higher trust in crypto compared to those in the US and UK.

This trust is likely supported by the VASP regime introduced
in France and the European Union’s passing of the Markets in Crypto Assets
regulation (MiCA) in 2023, which provides clearer guidelines for digital
asset businesses operating within the EU. The report also notes that consumers
in France are less concerned about regulatory challenges than they were two
years ago.

This article was written by Tareq Sikder at www.financemagnates.com.

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Wall Street Gets New Window Into Options Market with BMLL’s Latest Move

Wall Street Gets New Window Into Options Market with BMLL’s Latest Move

November 19, 2024 6:42 pm |

BMLL
Technologies, a provider of historical market data and analytics, announced
today (Tuesday) the integration of comprehensive US equity options data into
its platform, expanding its market intelligence offerings.

BMLL Expands Market Data
Suite with US Options Coverage

The company
is now providing six years of historical Options Price Reporting Authority
(OPRA) data at nanosecond precision, available through its cloud-based
services. This addition follows BMLL’s recent expansion of equities coverage to
98% of the MSCI All-Country World Index.

OPRA is a
securities information processor that consolidates and disseminates real-time
trading and quotation information for all US exchange-listed options contracts.
It collects and distributes complete trading data from all 16 US options
exchanges, including last sale prices, quotations, and trading volume, making
it the authoritative source for options market data in the United States

“Adding
OPRA options data is another significant milestone in our data coverage
expansion strategy,” said Paul Humphrey, Chief Executive Officer of BMLL. “Including
OPRA options in our data and analytics capabilities is a natural evolution for
BMLL, driven by customer demand for a best-in-class product.”

The timing
of this launch is particularly relevant as market participants grapple with
increasing data costs and OPRA’s planned expansion of data dissemination from
48 to 96 lines in February 2024. The new offering aims to address these
challenges by providing cloud-based access to approximately 4 terabytes of
daily options market data.

“Spiralling
data costs and OPRA’s expansion have placed a significant burden on market
participants, both in terms of managing market data budgets and the necessary
data infrastructure,” said David Robinson, Chief Technology Officer at BMLL.
“As a result, firms are looking for cloud-based OPRA data services that are
easy to access, within their existing workflows.”

The move will
help democratize market data access and provide institutional investors
with tools previously available only to the largest market participants.

BMLL Raises $21 Million as
Optiver Takes Stake

The
dataset, accessible through BMLL Data Lab and BMLL Data Feed via AWS S3,
consolidates information from all major US options exchanges, including BOX,
Cboe exchanges, Miami International Securities Exchange, and various Nasdaq
venues. Market participants can access the data at multiple levels of
conflation to suit their specific requirements.

This
expansion comes on the heels of BMLL’s recent $21 million strategic investment
led by
Optiver in October 2024. This latest financing follows BMLL’s $26 million
Series B round almost two years ago.

“We have an
incredibly diverse team of supporting investors, with deep-seated global market
and technology expertise, and we are poised to scale the business further as we
build out and scale our data feed business and futures coverage and wider
product offering globally,” added Humphrey.

Optiver
plans to incorporate BMLL’s historical Level 1, 2, and 3 data into its trading
operations to improve algorithm development, execution analysis, and market
surveillance.

BMLL’s Recent Partnerships

Throughout
the year, BMLL has also expanded its partnerships and data offerings to enhance
data accessibility and integration for financial market participants.

In June,
BMLL partnered with INQDATA, a cloud-based data solutions provider, to enable
financial market participants to access BMLL’s extensive historical market data
within their kdb+ environment. This collaboration allows users, including data
scientists and application developers, to efficiently access and explore
granular historical market data and analytics derived from Level 3 data.

Earlier in
the year, BMLL joined forces with CCData, an FCA-authorized benchmark
administrator specializing in digital asset data solutions and settlement
indices. By combining CCData’s digital asset data solutions with BMLL’s order
book data and pre- and post-trade analytics for ETFs and futures on digital
assets, market participants can access accurate crypto and FX data solutions.

In January,
BMLL completed the first phase of its program to improve customer access to
datasets by making three datasets available via the Snowflake Marketplace.

This article was written by Damian Chmiel at www.financemagnates.com.

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IAEA says Iran has agreed to stop producing near bomb-grade uranium

IAEA says Iran has agreed to stop producing near bomb-grade uranium

November 19, 2024 6:21 pm |

The IAEA is saying that Iran agreed to stop producing near bomb-grade uranium. The news that sent oil prices down from six $9.61 to a new session low at $68.46. However the price has since rebounded to near mid range and $69.23. That is up about seven cents on the day.

This article was written by Greg Michalowski at www.forexlive.com.

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