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Pound Sterling Price News and Forecast: GBP/USD posts modest gains around 1.2770
GBP/USD Price Analysis: Holds below 1.2800, bearish bias remains intact The GBP/USD pair trades with mild losses near 1.2770 during the Asian trading hours on Tuesday. The modest recovery of the US Dollar (USD) helps limit the pair’s losses after retracing to 1.2710 in the previous session. According to the 4-hour chart, the major pair keeps the bearish vibe unchanged, with the price holding below the key 100-period Exponential Moving Average (EMA). The downward momentum is also supported by the Relative Strength Index (RSI) which stands below the 50-midline near 44.0, supporting the sellers for the time being. Read more......
Top Microsoft Engineer Predicts Blockchain Vertical Upscale: Which Industries Might Lead the Charge?
Experience the new economy with TONX ID at The Open Summit – Unlock Rewards from Over Thirty TON Projects Both Online and Offline. Taipei, Taiwan —The Open Summit, the largest TON summit this summer, is set to be a landmark event for the global TON community. Powered by TONX and supported by the global TON community, the summit will take place from August 6-8, 2024, at the Taipei Nangang Exhibition Center TaiNEX2, as a part of ABS2024 . As the pioneering partner of TON, TONX is the cornerstone enabling builders to scale applications for the future with Telegram and TON....
BitGo’s New WBTC Custody Plan Draws Scrutiny Over Justin Sun’s Role
BitGo, a leading crypto custodial platform, will shift its Wrapped Bitcoin (WBTC) to a new multi-jurisdictional and multi-institutional custody model. This decision has raised concerns in the crypto community, particularly because of the involvement of Justin Sun, founder of the TRON blockchain. On August 9, BitGo revealed a 60-day transition period. The company plans to expand its custodial locations to include Hong Kong and Singapore. Sun’s Role in WBTC Custody Sparks Concerns In response to this development, prominent DeFi platform MakerDAO has begun assessing the potential risks associated with BitGo’s new WBTC custody strategy. The MakerDAO community is considering a...
