Hafez Financial Services

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Month: September 2021

Ascending Triangle Points Ethereum Toward Powerful Potential Climax

The cryptocurrency market is trending bearish on the short-term, keeping Bitcoin and Ethereum prices at bay after an enormous Q1 2021 rally. But there is no telling if the bull market is officially over, or if a bounce could materialize into a larger recovery. An ascending triangle pattern and long-term trend line […]

Traders identify $41K as Bitcoin’s key support to hold for the short-term

While the long-term sentiment remains bullish, traders warn that BTC must hold the $41,000 support to avoid a sweep of the $38,000 level. Bitcoin faced another day of bearish pressure on Sept. 29 as the impact of China’s crypto crackdown and uncertainty about the regulatory landscape in the United States […]

Tehran Stock Exchange CEO resigns following discovery of Bitcoin miners in basement

Iranian authorities have conducted many raids on crypto miners in abandoned factories, homes, and small businesses — nothing quite as high profile as the country’s largest stock exchange. Ali Sahraee, the chief executive officer of the Tehran Stock Exchange since 2018, has reportedly resigned after the discovery of cryptocurrency mining […]

Former Bitcoin lead predicts demise of BTC network

Bitcoin prices could reach $6 million per coin in 40 years’ time, but the whales may eventually pull the plug. A former lead developer for the Bitcoin network has postulated a possible future for the world’s most popular cryptocurrency, which includes an epic price prediction. Software developer Gavin Andresen published a recent […]

Every Ethereum NFT can now be on Solana with Wormhole’s new ETH-SOL bridge

The NFT frenzy caught on last year and is only getting bigger. And now, porting NFTs to the Solana blockchain just got easier. Bi-directional blockchain bridge Wormhole has launched a non-fungible token (NFT) bridge between the Ethereum and Solana blockchains, CryptoSlate learned in a release over the weekend. The move helps provide a bi-directional highway for […]

DeFi protocol run by ex-Coinbase dev just did $3.6 billion in daily trading volume

Decentralized derivatives exchange dYdX has witnessed a strong surge in trading volume recently and celebrated surpassing Coinbase for the first time. dYdX (DYDX), a decentralized derivatives exchange that runs on Ethereum (ETH), has surpassed Coinbase’s volume for the first time, executing over $3.6 billion in trades in a 24-hour period. The […]

DeFi Tokens PERP, DYDX Lead Crypto Market Higher, Bitcoin Nears $44K

Supposedly censorship-resistant decentralized finance (DeFi) rails see increased activity in the wake of China’s crypto crackdown. Native tokens of leading decentralized trading platforms are surging as the biggest centralized exchanges Binance and Huobi cut back on China to comply with local regulations. Messari data shows PERP token has gained 55% in […]