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How Bitfinex Pay Makes Cryptocurrency Trading Smooth and Easy?
Since the birth of Bitcoin and the development of the cryptocurrency market, people have gradually begun to accept cryptocurrency payments due to its fast, direct and secure features. The impact of COVID-19 is also boosting the growth and usage of these cryptocurrency payment platforms.
This article will give you an in-depth understanding of Bitfinex Pay, the development of cross-border digital currency payments in the new era, the advantages of Bitfinex Pay in cross-border payments, and the impact of cryptocurrency payments on cryptocurrency transactions.
https://techcabal.com/2022/08/15/how-bitfinex-pay-is-making-cryptocurrency-transactions-smooth-and-easy/
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Bitfinex Alpha | Has Inflation Peaked, and a Crypto Bull Market Is Coming?
Risk assets rallied again following Friday's better-than-expected July CPI report.
Excluding falling energy costs, the CPI remained near the 40-year high reported in June.
But is this the peak of inflation? Or can we go higher?
In this week's Bitfinex Alpha, we analyze some key components of the CPI, including the housing market, job market, and consumer debt. All three factors have had a significant impact on inflation, and unfortunately all point in one direction - upwards.
We also cover the stock market's reaction to the CPI report and quantify the recent rally in the S&P 500. From a historical perspective, it still has a lot more to go.
One way the U.S. government is trying to calm inflation is through the Reduction of Inflation Act. We took an in-depth look at this wide-ranging new legislation and concluded that it will not solve the immediate inflation problem, but will have a gradual impact on prices.
A bear market is all about builders and, unfortunately, bad news. We got less of the former than the latter this week, including US Treasury sanctions on Tornado Cash; another DeFi hack on Curve Finance (5th largest DeFi project); the Acala Network; and, in this crypto winter, Hotbit announced the suspension of trading and withdrawals.
We also took a look at the wallets of Bitcoin whales and confirmed that while they had a tough time generating profits, back in May, the last 7 days showed some signs of respite, with the spend output margin rising above 1, indicating more More profitable trades than losing trades across the market.
https://blog.bitfinex.com/bitfinex-alpha/bitfinex-alpha-has-inflation-peaked-to-make-way-for-crypto-pump/
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Bitfinex Market Analyst Comments on ETH Options Open Interest Hits New High
“Speculators in the derivatives market appear to be snapping up call options on ethereum’s price rise to last until the merger, but could fall sharply thereafter. Ether’s options open interest has reached $6.6 billion, according to data from Glassnode, Bitcoin’s $4.8 billion is surpassed for the first time. While trying to guess what will actually happen next is of course the preserve of traders, the merger continues to attract a growing audience and coincides with a rally in Bitcoin and traditional stocks.”
https://www.thecoinrepublic.com/2022/08/17/commentary-bitfinex-market-analysts-on-eth-options-open-interests-new-highs/
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Bitfinex Analyst Commentary on the ETH ICO Era and Whales Transferring 145,000 ETH
The researcher and market analyst of the famous cryptocurrency exchange Bitfinex explained wallet transactions in the era of Ethereum ICO. Based on their analysis, they said: “Ethereum whale wallets that have been dormant since the Genesis initial coin offering (ICO) was activated after three years of dormancy. After ETH prices surged to a new three-month high of more than $2,000 Afterwards, the whale transferred 145,000 ETH to multiple wallets, with 5,000 ETH per transaction and approximately 10,000 ETH transactions.”
The origin of this ETH transaction reflects a positive signal for the upcoming ETH merger. As such, the analyst added, "Additionally, we also see this move as showing support for mergers. We look forward to seeing what continues to happen amidst the technological revolution unfolding before our eyes."
https://www.thecoinrepublic.com/2022/08/16/bitfinex-s-analyst-on-eth-ico-era-as-whale-transfers-145000-eth/
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The Crypto Era Marks the Road to Financial Liberation in Latin America
Global inflation continues to rise, especially in Latin America where hyperinflation plagues many countries. Could Bitcoin and the emerging digital token economy be the answer?
Across Latin America, inflation and ineffective central bank policies have become the order of the day.
Latin America relies heavily on foreign currencies to lock in the value of local currencies, especially the U.S. dollar, which has long been the most popular foreign currency. However, there are currency exchange taxes and restrictions on how many dollars people can buy, such as Argentina's restrictive $200 per month. Ultimately, buying dollars offers a very benign solution to hyperinflation.
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