No-fee trading has arrived for crypto. Here’s what that may mean for revenue at these companies

No-fee trading has arrived for crypto.  Here’s what that may mean for revenue at these companies

Zero-fee trading has come to the world of bitcoin, raising questions about how fee compression may affect revenues for crypto trading platforms. Last week, the US arm of the crypto exchange Binance, which had some of the lowest trading fees around, dropped fees for spot bitcoin trading. Shares of Coinbase, one of its main competitors … Read more

Quarter-end buying may lift stocks higher before the next market storm

Trader on the floor of the NYSE, June 7, 2022. Source: NYSE The stock market is about to close out its worst first half in decades in the week ahead, setting the stage for a summer of uncertainty and volatility. But in the very near term, strategists see a window of positive momentum for an … Read more

Focus on recession: next week is all about this level for gold price – analysts

(Kitco News) Signs of peak inflation and slower growth are reviving risk-on sentiment in the marketplace. And that comes with hopes that the Federal Reserve might not need to tighten as much as previously thought. But for gold, that has translated into more sideways trading as it nears a key $1,800 an ounce level. Investors … Read more

How The Qualities Of Bitcoin Baffle Nocoiners

This is an editorial opinion by Rowdy Yates, a former Marine and practicing lawyer. What’s It Backed By? One of the most common criticisms from nocoiners remains, “But bitcoin isn’t backed by anything.” This criticism targets bitcoin’s dearth of a quality that I term “correlated-redeemability.” The most common rejoinder to this criticism is, “Your US … Read more

What if the Fed can’t stop inflation? This is when Bitcoin’s bear market could reverse

(Kitco News) Even the Federal Reserve admits it can’t lower food or gas prices just by hiking rates. And if it fails, a reverse rate hike could be not that far off, according to Ledn co-founder and CSO Mauricio Di Bartolomeo, who sees Bitcoin’s bear market reversing if that happens. Inflation is soaring, and the … Read more

Russia’s ruble is at strongest level in 7 years despite sanctions

Russian one ruble coin and Russian flag displayed on a screen are seen in this multiple exposure illustration photo taken in Krakow, Poland on March 8, 2022. Jakub Porzycki | Nurphoto | Getty Images Russia’s ruble hit 52.3 to the dollar on Wednesday, an increase of roughly 1.3% on the previous day and its strongest … Read more

Mark Zuckerberg envisions 1 billion people in the metaverse

Meta Platforms CEO Mark Zuckerberg told CNBC’s Jim Cramer on Wednesday that the metaverse could be a considerable part of the social-network operator’s business in the second half of the decade. “We hope to basically get to around a billion people in the metaverse doing hundreds of dollars of commerce, each buying digital goods, digital … Read more

Why another stablecoin losing its peg is not ‘Terra 2.0’

Cryptocurrencies have been under immense pressure after the collapse of a so-called stablecoin called terraUSD. Umit Turhan Coskun | Nurphoto via Getty Images A controversial stablecoin launched just before the collapse of a similar token called terraUSD is struggling to maintain its peg to the US dollar. USDD, the so-called “algorithmic” stablecoin that’s meant to … Read more

Is Bitcoin A Warning Sign For Global Deleveraging?

The below is a direct excerpt from Marty’s Bent Issue #1228: “Deleveraging bitcoin before the world de-levers.” Sign up for the newsletter here. The bitcoin market is in the process of going through a great deleveraging event. The process started last month when the Luna-Terra ponzi blew up spectacularly and was forced to liquidate approximately … Read more

The crypto pendulum swings back to ‘real economic value’: can Bitcoin price survive a recession?

(Kitco News) After briefly touching $17,000 over the weekend, Bitcoin is back above $20,000. But can the price outlook recover recession calls and inflation continues to dominate market headlines? Stablecorp CEO Alex McDougall weighs in. When looking at price forecasts for the rest of 2022, investors need to separate crypto’s technology angle from the price … Read more