Crypto Companies Slash Ad Spending By 90% Amid Market Jitters
Numerous crypto companies are slashing their marketing budgets, despite the need to regain customer confidence in the asset class, which has fallen in recent months. After spending millions on multiple ad campaigns and Super Bowl commercials, many businesses are now reducing their advertising dollars because of the continued market instability. This year, prominent digital currency […]
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Jitters in crypto trading relate to a trade event wherein an investor’s buy or sell order gets stuck and moves down in the list, allowing newer trade orders to go through. The CEO of crypto exchange Binance, Changpeng ‘CZ’ Zhao, raised concern for traders after learning about the infamous phenomenon of trade jitters on other crypto exchanges. Jitters in crypto trading relate to a trade event wherein an investor’s buy or sell order gets stuck and moves down in the list, allowing newer trade orders to go through.Just learned a new word, jitters. On 1 particular exchange, sometimes your....
A proposed plan to end sales-tax collection on purchases of virtual currencies in Japan will likely propel the growth of Bitcoin and other digital currencies as alternatives to fiat according to a report by Nikkei. After the news, more exchange traders were reported joining the Bitcoin’s bandwagon. The market research firm, Seed Planning, estimating the Bitcoin's annual trading volume will soar to 2 trln yen this year. This move could slash costs for buyers and will be another incentive that would motivate existing Bitcoin users in the country that has been described as one of the first to....
The money printer is going brrr in the United States. Bitcoin (BTC) may get a boost to finally clear $40,000 at the expense of the U.S. dollar as United States President Joe Biden's new $6 trillion federal spending budget proposal is unveiled.On May 28, the United States president will announce the massive fiscal policy, the largest since the Second World War, to ensure investments in major infrastructure, education and healthcare projects, reported The New York Times on May 27. Biden reportedly wants the federal government to spend $6 trillion in 2022. He also plans to raise the total....
The government of Venezuela is considering a new redenomination of its fiat currency. The proposal that is under study would cut six zeroes from the inflation-affected Bolivar. This would aid companies in processing taxes and provider payments that are absurdly complex with today’s numbers. However, the dollar is the predominant coin in retail payments in Venezuela, according to consulting firms. Venezuela to Redenominate Its Currency The government of Venezuela is studying a mathematical redenomination of its currency, the sovereign bolivar, to simplify payments for big companies.....
In traditional markets, the S&P 500 remained steady throughout the week, finishing on 3,722. In Europe, the STOXX 600 rose marginally, finishing the week on 395. And here in the UK, it was a different story, with ongoing Brexit negotiations and the uncertainty surrounding No Deal sending jitters through the FTSE All Share; it finished […]