Price was capped inside a massive falling wedge. It broke out onethereum classic blockchain explorer the day of the Coinbase listing, retested the wedge, and now has to reclaim the 200 ema as a next step for better valuations.
For example, on a bitcoin exchange, three coin sellers are asking for BTC/USD 2265.75, BTC/USD 2269.55, and BTC/USD 22bitcoin binance withdrawal fee70.00. A trader who initiates a market order to buy bitcoins will have their order filled at the best ask price of 2265.75. If only five bitcoins are available for the best ask and 10 coins are available for 2269.55, and the trader wants to buy 10 at market price, the trader's order will be filled with 5 coins @ 2265.75 and the remaining 5 @ 2269.55.However, a trader who thinks they can get bitcoins for a better price could set a limit order for, say, 2260.10. If a seller matches their ask price with this order or sets a price below this figure, the order will get filled. All of this is done by the exchange, which takes a percentage of each transaction for their business.
Bengaluru | Mumbai: Andreessen Horowitz is in talks to invest in CoinSwitch Kuber, a cryptocurrency platform for retail traders, people familiar with the matter said. If the deal goes through it will be the first bet by a16z—as the Silicon Valley venture capital firm is popularly known—in an Indian startup, sources told ET.“The deal is likely to be completed soon and could be made official later this month,” one of the people cited above said.The capital infusion from a16z will be part of CoinSwitch Kuber’s new funding round, which will push its valuation to just under $2 billion, the sources said, making it a unicorn—startups with a valuation of $1 billion or more. Singapore-based CoinSwitch’s previous fundraise was in April when it raised $25 million from Tiger Global at a valuation of $500 million. That was the New York-based investment firm’s maiden investment in a crypto platform in India.Crypto Tales by CoinSwitch Kuber, a new series where our host, Jatin Sapru will meet some of the experts, the gurus, the pioneers, of the Indian Cryptocurrency universe. In this episode, Jatin meets Rushindra Sinha, CEO, Global Esports, a techie, a gamer, one of the earliest cryptocurrency investors in the world, a crypto trader, crypto consultant and also a doctor. Download CoinSwitch Kuber now and join 10 million Indians on India's largest crypto-trading platform.A curated weekly summary of forward-focused crypto news that matters. This week, Bitcoin outperforms most large cap altcoins, Coinbase announces a bumper bond sale to raise new funds, and PayPal launches crypto services in the UK.
Performance across the digital asset markets was mixed in the last week, with gainers led by a bullish Bitcoin (BTC). The market’s largest and oldest asset was up ~2% to end the week. Ethereum (ETH) and Cardano (ADA), the second and third largest assets in the crypto markets, fell by ~4% and ~13% respectively.The industry received a strong tailwind after Coinbase, the Nasdaq listed crypto exchange, announced that it will seek to bolster its balance sheet with a US$1.5 billion sale. Coinbase says the raise will be used for general corporate purposes such as investments in product development and the future acquisitions of other companies and technology solutions. Excess demand pushed Coinbase to increase the size of the sale to US2$billion. According to The Economic Times, over $7 billion worth of orders were placed to compete for equal quantities of 7 and 10-year bonds.This money "would have been better spent on getting customers to reduce their energy consumption", he added.
If an energy firm collapses, customers are automatically switched to a tariff provided by the new supplier. This is a tariff agreed with the regulator Ofgem, but it may well be more expensive than the deal they had with the former company which went bust.What is the energy price cap?The energy cap is the maximum price suppliers in England, Wales and Scotland can charge customers on a standard - or default - tariffOfgem sets the cap level for summer and winter based on the underlying costs to supply energy
Energy bills are already due to rise by an average of £139 a year in October, but the price cap restricts further price hikes over winterThe current price cap is £1,138 a year for standard tariffs, but will rise to £1,277 in October
Presentational grey lineThe cost of the wholesale price surge is partly being covered by a 12% rise in the energy price cap next month - the maximum price suppliers are allowed to charge customers on a standard tariff.The energy price cap was introduced in January 2019 and is reviewed twice a year.It applies only to standard variable or default tariffs. These types of tariff are typically the most expensive plan that a supplier offers.
When fixed energy deals expire, as they generally do after one or two years, customers are likely to be put on these tariffs.So far, four energy firms have gone to the wall, including People's Energy and Utility Point, and four more are expected to follow in the coming days.Industry sources fear there may be as few as 10 energy suppliers left by the end of the year, down from 70 in January.Opposition politicians have expressed concern, with Labour's shadow economic secretary to the Treasury, Pat McFadden, describing the problems as a crisis that "should have been foreseen".
Liberal Democrat leader Ed Davey, a former energy secretary, has said it is proof that the UK government's energy policy has been "lamentable".And speaking on BBC Two's Newsnight programme on Monday, the former Brexit Secretary, David Davis, warned there was a risk of a "cost of living crisis" for new Tory voters such as "the plumber, the bricklayer, the lorry driver".
He said his advice to Chancellor Rishi Sunak would be: "You think hard about the ordinary family's take-home pay and what they have to buy with it, because that will be a dictator of how people feel going in to the new year."Stacey Stothard followed all the advice. Aware that energy prices were rising, she shopped around to find a decent fixed deal for her gas and electricity.
She saved £300 - or so she thought.Her new energy supplier went bust and now she will be switched automatically to another one, and she is facing much higher bills, potentially amounting to hundreds of pounds more a year."It is just like watching the meter go up and up," she says. "I did the right thing - not going for the cheapest deal, but choosing a company with a decent customer service record."Asian stocks were mixed on Tuesday as concerns persisted over Chinese property group Evergrande and its impact on the global markets.Japan's Nikkei 225 index closed 2.2% lower, but Hong Kong's Hang Seng index regained earlier losses to end up 0.5%.There are concerns that Evergrande - a major Chinese property developer - is struggling to meet interest payments on more than $300bn of debts.
Regulators have warned it could affect the country's financial system.Investors fear that this could hit big banks exposed to Evergrande and companies like it, causing contagion in global markets.
The jitters among the markets also come as the global economy is still recovering from the impact of the coronavirus.On Monday, the Dow Jones index in the US ended 1.8% lower. That followed similar falls in Europe, with Germany's Dax index losing 2.3%, and the Cac 40 in France down 1.7%.
Major stock exchanges in mainland China were closed on Monday and Tuesday for the annual mid-Autumn festival.Despite the recent falls, Japan's Nikkei is up by almost 30% compared to a year ago.
"The fear of an Evergrande bankruptcy appears to be leading to concern about China's very own Lehman [Brothers] moment, and a big overspill across the region," said Michael Hewson of CMC Markets.Investors are also nervous that the US Federal Reserve, which meets on Tuesday and Wednesday, will confirm plans to cut back support for the US economy this year.Global stocks have rallied as economies reopen and central banks have provided trillions of dollars in support to boost growth.But there are concerns of a decline if support is taken away at a time when the Delta variant of coronavirus continues to drag on recovery.
Strategists at Morgan Stanley said they expected a 10% correction in America's S&P 500 index as the Fed starts to unwind its support.They added that signs of a stalling recovery could deepen that slide to 20%.
However, other analysts played down fears of a rout, noting that September is typically a bad months for stocks."Overall, September continues to live up to its bad reputation as historically the weakest month of the year. But that doesn't mean it can't rebound," said JJ Kinahan, chief market strategist at TD Ameritrade.
And Lindsey Bell of Ally Invest said any pullback may be short-lived."Much of investing is about sorting through what's signal and what's noise," she said. "While there is concern about the Evergrande situation infecting global markets, for the long-term investor, this situation may just be noise."
Douyin, China’s version of TikTok, will limit use of the platform for children to 40 minutes a day.The rules will apply to users under 14, who have been authenticated using their real names, and who will be able to access it between 06:00 and 22:00.Parent company Bytedance announced the app’s Youth Mode in a blog post, saying it is the first short-video company in the industry to have these limits.It comes as China cracks down on teenagers' use of technology.
According to Douyin's user agreement there is no minimum age on the platform, but under 18s must obtain the consent of a legal guardian. On sister app TikTok the minimum age is 13.New educational content - including science experiments, museum exhibitions and historical explainers - has been launched by Douyin as part of Youth Mode.
Analysis - Kerry Allen, BBC China media analystThese regulations on China's version of TikTok have been a long time coming.
For the last three years, official media has been warning that the growing amount of time young Chinese people are spending on the internet is having an impact on their physical and mental health.Data from social media agency We Are Social suggests that Chinese people frequently spend more than five hours a day online, two hours of which is on social media.