Author: msmark

Let’s be real, trading is already a wild mind game. There’s a whole rollercoaster of emotions involved – the thrill of a winning streak, the gut-punch of a big loss, and an unhealthy obsession with squiggly lines on a screen and economic news & data. But if that isn’t enough, traders have another choice that can seriously mess with their heads: prop firm or risking your own precious cash? Let’s take a quick look a both to see the potential psychological factors you may want to consider. Trading With the Backing of a Prop Firm Prop firms: the sugar daddies…

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Classic Minerals Limited, an Australian gold exploration company, and AuResources AG, a Swiss fintech startup, have begun a $60 million funding initiative to leverage blockchain technology to boost the gold mining and fintech sectors. The collaboration is designed to accelerate the development of Classic’s gold projects, particularly the Kat Gap Project in Western Australia and the Forrestania Gold Project, by avoiding traditional commodity trade funding. Blockchain-Backed Capital In a move that bypasses traditional banking channels, AuResources, backed by digital and tokenization-focused bank Black Manta Capital, will provide the initial $10 million in funding.  This capital injection is intended to support…

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Cardano is yet to venture into the $0.8 price level this year, despite most cryptocurrencies breaking past old price levels. Although the blockchain has seen some exciting developments, the price action has been a little bit behind when compared to its peers. However, Cardano continues to give investors a glimmer of hope, as activity keeps soaring to new highs.  On-chain data shows that the active addresses on the Cardano network are spiking, with the monthly active count reaching its highest in the past year. Monthly Cardano Active Addresses Hit One-Year High Cardano’s active address count just hit a one-year high,…

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Bitcoin dailyBitcoin hit a fresh record at $73,803 earlier today but the enthusiasm has given way to selling as markets broadly sour. Bitcoin is down 3% on the day to $70,900 as broader markets fret about the Fed decision next week. The US dollar is substantially stronger across the board since a round of US economic data today showed rising producer prices and still-low initial jobless claims. Retail sales were weaker than anticipated but the market isn’t overly concerned about consumers.I would take the drop in bitcoin as a warning sign for the broader risk trade. The Nasdaq is only…

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In a landmark ruling, a judge at London’s High Court declared that Craig Wright, the Australian ‘computer scientist’ who has long claimed to be the elusive creator of Bitcoin, is not Satoshi Nakamoto. This decision came following a legal confrontation with the Crypto Open Patent Alliance (COPA), seeking to prevent Wright from suing bitcoin developers and requesting a ruling affirming that he is not Satoshi.Judge: I will prepare a fairly long judgementI have reached the conclusions the evidence is overwhelmingCSW is not the author of the whitepaperCSW is not satsohiCSW is not the creator of BitcoinCSW did not author the…

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BitMEX co-founder Arthur Hayes thinks the Bitcoin (BTC) and crypto bull markets are just beginning. In a new interview on Empire, Hayes says that people will allocate funds to the newly approved spot Bitcoin exchange-traded funds (ETFs) via retirement accounts. The crypto veteran says the retirement account money represents “sticky flows” that will be more resistant to price drops. “The sales force is just starting around the world, [saying] ‘Hey, put your assets here, we’ll protect you against inflation.’ Obviously, I have my issues with that, but that’s the narrative, it’s working. It’s the best-selling product ever for these ETF…

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Share: Gold price falls sharply on hot US PPI data for February. The US Retail Sales grew by 0.6%, failing to meet expectations. Higher US bond yields weigh on the Gold price. Gold price (XAU/USD) drops sharply in Thursday’s early New York session as the United States Bureau of Labor Statistics (BLS) has reported a hotter-than-anticipated Producer Price Index (PPI) for February. The precious metal has come under pressure as fears of inflation remaining persistent have deepened.  The US February inflation data released on Tuesday came in hotter-than-expected. Now, a similar trend from the PPI data has escalated uncertainty over Federal Reserve (Fed) rate cut expectations for the June policy meeting. This…

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With previous price achievements, Solana (SOL) has become one of the biggest cryptocurrencies in the market, garnering the attention of investors and traders as its price continues to rise, hitting a new yearly high of $172. Solana (SOL) Breaks Through All Critical Levels Solana has effectively reached a new 25-month high, reflecting a strong positive interest from crypto investors within the sector. Due to this, several market experts are predicting that the crypto asset reaching a new all-time high is on the horizon. Crypto Jelle, a cryptocurrency trader and analyst has shared his insights on Solana’s latest rally on X…

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The United Kingdom Treasury has released a consultation paper detailing proposed changes to money laundering regulations, with significant implications for the regulation of crypto assets.  These amendments are motivated by the outcomes of a comprehensive review of the Money Laundering, Terrorist Financing, and Transfer of Funds (Information on the Payer) Regulations 2017 (MLRs) conducted in 2022. The initiative targets the implementation of “smarter regulation,” aiming to lessen regulatory burdens, ensure the longevity of regulations, and promote a regulatory environment where accountability and responsiveness are paramount. Central to these proposed changes is the refinement of the supervisory and registration framework for…

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American business intelligence and software development company, MicroStrategy has unveiled new plans to acquire an additional Bitcoin, further bolstering its already substantial BTC holdings. MicroStrategy Mega Bitcoin Purchase In The Works In a recent press release published on MicroStrategy’s official website, the software development company announced plans to raise $500 million in convertible debt offerings to purchase more Bitcoin. Just a few days ago the company had sold approximately $800 million in convertible debt offerings, using the proceeds of the sale to acquire about 12,000 BTC valued at about $821.7 million at the time.  Quite frankly, MicroStrategy seems to be…

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