The Pfizer vaccine is approved for children 12 to 15 years of age

The Pfizer vaccine is approved for children 12 to 15 years of age

 

According to a report released late Monday, Pfizer is expected to receive approval from the Food and Drug Administration to use the vaccine in children ages 12 to 15. Federal officials told the New York Times that the approval could be made later this week.

The Pfizer vaccine is given in two doses three weeks apart and is approved for use in people 16 years of age and older. In April, Pfizer and Biontec applied to US and European authorities for approval to use the vaccine in people aged 12 to 15.

Shares of Fayez rose 3.1% to close at $ 39.83 on Monday, and Biontech shares in the United States closed 11% higher.

Bitcoin and Ethereum indexes are launched in the S&P DJI index

Bitcoin and Ethereum indexes are launched in the S&P DJI index

The S&P Dow Jones index has launched three new currency indexes. These three indicators are S&P Bitcoin, S&P Ethereum and S&P Crypto Mega Cap Index, which is a combination of Bitcoin and Ethereum .

A move we have been waiting for a long time

People have been waiting for a long time for a traditional financial product that can track the price of cryptocurrencies for a long time. In this regard, S&P announced last year that it intends to release its currency code index in 2021.

New indicators can be used as tracking and positioning tools in traditional financial space. On the other hand, more reliable pricing from a reputable source will protect investors from connecting to cryptocurrency APIs that may not provide the correct pricing data. S&P hopes the move will make it easier for investors to access the cryptocurrency asset class and even reduce some of the risks of a volatile cryptocurrency market.

While there is still no commodity (ETF) product that small investors can buy directly to access the real price of cryptocurrencies, the S&P move is more of a step towards legitimizing and consolidating the cryptocurrency market. The world of stocks and funds can be traded.

How this indicator works

These indicators use data from Lukka, a provider of data related to cryptocurrencies. Lukka's process examines various exchanges based on criteria such as transparency, data integrity, and other factors to determine their participation in the final pricing.

These indices track about 550 digital assets with the best market value index. Luca CEO Robert Materazzi added that working with S&P DJI is an important turning point in linking the cryptocurrency ecosystem to traditional financial services.

These three indicators will be available in the main index catalogs with the SPBTC, SPETH and SPCMC tickers, respectively. The SPCMC, meanwhile, is more interesting than the others because it is rebalanced every three months to change the ratio of the underlying cryptocurrencies (in this case BTC and ETH), given that it weighs in proportion to the market value. This ensures that investors will not be overexposed or underexposed to any of these currencies if there is a serious price move that could dramatically change the ratio of the index basket.

Euro analysis ,May 3

Euro analysis ,May 3

Is the downward correction of the euro temporary?

There are positive signs of a rapid recovery in the global economy. The global economy is compensating for the recession caused by the Corona crisis. This means that demand for the US dollar (safe haven) will decrease and risky assets such as the euro and commodity currencies will strengthen.
Last week, US economic data showed rapid growth of 6.4 percent in the first quarter of 2021. April US data also showed good US economic growth. Eurozone economic indicators are also promising, and German inflation has strengthened. All this news is in favor of the EURUSD currency pair. However, the market may need a break to continue the bullish EURUSD rally. Following the bearish correction, the euro is expected to climb again to the $ 1.22 trend level and the February 25 high around $ 1.2250.
Next week, the market will focus on UK and US economic data. This means that the euro will be more affected by fluctuations in the EURGBP and EURUSD. The Bank of England and US NFP data will be released this week. It is also necessary to pay attention to the final report of the PMI and retail zones of the euro area and the industrial production index.

US Dollar Analysis May 3

US Dollar Analysis May 3

Will raising the rate of return on Treasury bonds support the dollar?

Late last week, we saw an upward return of the US dollar index. Most likely, this upward return was due to the settlement of accounts at the end of the month. This means that sellers have stabilized part of their profits by closing the sale deal, and some economic actors have been forced to buy dollars to settle their accounts. The US dollar index performed poorly in April. However, US economic data have been good, with Treasury yields and inflation expectations rising.

Currently, the growth of Treasury yields does not have a positive effect on the value of the US dollar. The US Federal Reserve set a meeting last week. The dollar did not react seriously to the meeting. In fact, the impact of the US Federal Reserve's interest rate meeting was overshadowed by prices. The Federal Reserve has explicitly stated that as long as the US economy is at risk of coronation, interest rates will remain low and expansionary and monetary protection policies will continue. From the market point of view, the probability of raising interest rates by January 2022 is less than 10%.

The recent rise in US Treasury yields has been largely due to the tone of the US Federal Reserve. The head of the US Federal Reserve previously believed that inflation was temporary, but in a recent speech said that much of the growth was temporary. So far, bond yields have not been supported by the dollar. Meanwhile, prices continue to rise in the commodity market and somehow support market inflation expectations. If inflationary expectations continue to rise and exceed the rate of return on Treasury bonds, the real rate of return on the United States can be seen to decline again. This will not be good news for the dollar.

Important US economic data will be released this week in the Forex economic calendar. The ISM Manufacturing and Services Indicators, the Federal Reserve Speaker's Speech, the Factory Order Index, the ADP Employment Change Index, the US Unemployment Claims Index, the NFP Index, and the Wage Growth Rate will have a strong impact on dollar fluctuations.

Weekly evaluation of Kitco site of gold market ,May 3

Weekly evaluation of Kitco site of gold market ,May 3

Disappointment is back in the global gold ounce market. The XAUUSD price could not cross the $ 1,800 resistance. At the same time, inflationary pressures are intensifying, expansionary monetary policies continue to be strong, and governments are seeking to increase their spending. According to Kitco News, analysts have warned that lower global ounce prices should be prepared for lower prices in such circumstances. However, many analysts believe that the recent price cut is just a pullback to support and will provide a new opportunity to buy.
This week, 15 Wall Street activists took part in a weekly evaluation of the Kitco site. Fifty-three percent predict that the global ounce gold trend will be bullish in next week's trading. Another 47% predict that the market will be trendless or neutral. None of the market professionals expect a downward trend in the short term. Meanwhile, 954 Main Street investors took part in the online survey. 54% are in favor of an uptrend, 26% are in favor of a downtrend and 20% are in favor of a trend-neutral market.
Some analysts believe that gold failed to break $ 1800, but at the same time managed to defend the support of $ 1750. For this reason, market participants see last week's price drop as an opportunity to buy gold at lower prices.

Opinions of traders and investors about ounces of global gold

Ole Hansen is a commodity market strategist at Saxo Bank

"Gold has again disappointed its investors."

Adrian Day, President of Adrian D. Capital Management Company

"The price of an ounce of global gold should pull back to $ 1745. Gold broke the $ 1745 resistance in early April. This resistance prevented further growth of gold prices for two months. It is better that the market responds to this resistance as soon as possible in the form of support. The long-term trend of global gold ounces is bullish. "Inflationary pressures have intensified, and the Federal Reserve does not want to counteract the rise in inflation by raising interest rates or exiting the bond-buying program."

Marc Chandler is the CEO of Bannockburn Global Forex

The professional activist believes that if the market does not defend the support of $ 1750, the price of a global ounce of gold could fall to $ 1724. "Technically, the short-term trend of the global ounce of gold tends to decline. "Gold is approaching the $ 1,752 support area, which includes a 38.2% correction in the April Fibonacci rally." Although the long-term ounce of global gold is bullish for the professional activist, gold has performed poorly compared to copper, the stock market and even bitcoin. "There are strong risk aversions in the parallel gold markets and no one likes to wait for gold to grow in this situation. "Investors have better options to buy."

Phemex Exchange added Ripple and 8 other cryptocurrencies to its list

Phemex Exchange added Ripple and 8 other cryptocurrencies to its list

Phemex, the largest cryptocurrency exchange, has announced that it has added eight new cryptocurrencies to its list of supported currencies. These cryptocurrencies are available in both Spot Market and Derivatives Market. These 8 new currencies are BAT, CHZ, MANA, ENJ, SUSHI, SNX, GRT and MKR.

Following this move, FMEX will support BAT / USDT, CHZ / USDT, MANA / USDT, ENJ / USDT, SUSHI / USDT, SNX / USDT, GRT / USDT and MKR / USDT trading pairs.

The platform implements a rigorous evaluation process for its newly listed currencies. Each entry is examined carefully enough and only currencies are available to the users of this exchange that meet all the set criteria. Meanwhile, users can always provide feedback and suggestions on new features or tokens to the FMEX support team.

Ripple re-entry

Phemex was one of the exchanges that stopped XRP trading and removed this popular cryptocurrency from its list. Since then, the XRP market has returned to normal, and this fact, in turn, has influenced the decision to re-establish spot trades and XRP contracts at the FMX exchange. Users can now access XRP / USDT spot trades as well as XRP / USD linear contracts with up to 20 levers.

Michael van de Pope speaks of three currencies with high growth potential

Michael van de Pope speaks of three currencies with high growth potential

Michaël van de Poppe, a leading digital currency trader and analyst, predicts that Cardano (ADA), Litecoin (LTC) and Ziliqa (ZIL) are ready to begin the next phase of their bull cycle.

In a new video, the popular analyst told his 76,700 followers on his YouTube channel that it was time for Cardano to complete its consolidation phase against Bitcoin (ADA / BTC).

Looking at the long-term chart, the trader added that the ADA / BTC pair is still in its early stages because he believes that the pair has a lot of upside potential.

Regarding the ADA / USD currency pair, he says that the failure of the immediate resistance of this currency pair will push Cardano to the $ 2.40 level.

"I think when we break this red line ($ 1.36), we go past the previous record high, start consolidating, and then move on, because then, with the previous resistance breaking, This level becomes a strong support. Until then, we will just keep moving. "

In addition to Cardano, this strategist also monitors Litecoin. According to him, this currency is also ready to start a 65% move against Bitcoin (LTC / BTC).

Another of Van de Poop's most popular altcoins is the Ziliqa (Chinese blockchain for enterprise solutions). According to him, the ZIL / BTC currency pair is in a strong uptrend and is now ready to grow more than 120% of the current price level at 0.00000363.

An overview of the cryptocurrency market today Saturday, May 1

An overview of the cryptocurrency market today Saturday, May 1

$ 6,000 price increase for Bitcoin in two days

While the Altcoin market has seen a significant price increase recently, Bitcoin seems to have stalled. The market's first cryptocurrency, which had slumped below $ 50,000 in April, failed to rise above $ 55,000.

The bears took advantage of this BTC inability and pulled it down again, raising the price to around $ 52,000 on April 29. Since then, the bitcoin movement has reversed.

As a result of these positive developments, the asset traded at around $ 54,000 before finally starting a significant uptrend. Within hours, the cryptocurrency rose about $ 4,500, reaching its highest level since the April 18 crash.

The value of the Bitcoin market also stabilized above $ 1 trillion on this uptrend. In addition, BTC regained almost 1% of its lost dominance in the market and now stands at 49%.

New record of Ether and Bainance Quinn

Most altcoins have been on the rise recently, but perhaps none have been as significant as Ethereum, the market's second-largest currency. Atrium set several consecutive records last week. In the last 24 hours, ETH reached its latest record of just over $ 2,870 (on Bitstamp). The market's third-largest cryptocurrency, Binance Quinn, also saw a new slump. The BNB was hovering around $ 600 yesterday, but jumped more than $ 40, reaching a new record at around $ 645 (in Binance).

Ripple (4%), Polkadot (1.5%) and Bitcoin Cash (12%) are also among the top 10 green currencies today. Nevertheless, the Dodge Quinn had the most dramatic performance with a 15% increase. As a result of these developments, DOGE is trading at around $ 0.35.

DigiByte (29%), Avalanche (22%), SwissBorg (17%), OKB (17%), Ren (15%), Compound (15%), Ethereum Classic (13%), Bitcoin SV (12%), Phantom (12%) and Reserve Rights (10%) are among the currencies that have grown in double digits today.

Finally, the market capitalization has increased by $ 170 billion in two days and is well above $ 2 trillion.

Todex Exchange transferred 125 million bitcoins to Kraken Exchange before closing

Todex Exchange transferred 125 million bitcoins to Kraken Exchange before closing

Between August 2020 and February 2021, approximately 5,000 bitcoins valued at approximately $ 125 million at the time of the transaction (and more than $ 280 million at today's prices) The Thodex exchange has been transferred to the American exchange in Kraken.

White Stream, which has a contract with the Israeli Ministry of Defense, said it appeared to be a "cash withdrawal operation" by Todex. In other words, Todex may have stolen bitcoins from its customers before sending them money and sent them to Kraken for recovery.

According to Levy, a set of Bitcoin wallet addresses controlled by Todex, through an intermediary wallet set, sent the bitcoins to the destination address. Most of this money has also been transferred to Cracken.

"The bottom line is that Cracken has received a lot of bitcoins from Todex customers," Levy told the Decree news website.

Asked if there was an honest explanation for this, Levy said: "This volume of transaction can only be justified if Todex conducted all of its financial activities through Kraken. "But that is not the case, and it is very strange."

Turkey last week arrested more than 60 people in connection with the Todex exit scam, confiscated the company's computers and froze the company's bank accounts.

On Thursday, six others were jailed on suspicion of involvement in the scam, including family members of Faruk Fatih Ozer, the exchange's managing director, who fled to Albania shortly before the exchange closed. Turkey has reportedly demanded Ozer's arrest. Ozer claims that the exchange's problems are related to a cyber attack, not a scam.

A $ 1 billion investment in cryptography by Andreessen Horowitz is on the way.

A $ 1 billion investment in cryptography by Andreessen Horowitz is on the way.

VC plans to raise a significant amount of money for cryptocurrency investments.

According to an article in the Financial Times or FT, VC company Andreessen Horowitz reports that it is now raising funds for another fund, given its previous involvement in cryptography.

"The new fund is the third that Andrissen has focused on investing in cryptocurrencies," FT wrote on Friday. "Given the knowledge of the four people about the process, his goal is to raise $ 800 million to $ 1 billion from investors."

Venture Capital, or VC, also operates under the name a16z. It is active in cryptography and blockchain and has invested in a number of projects. The program aims to divert the fund's capital to crypto and digital asset projects, the FT reported.

VC was also a heavy investor in Coinbase, which was recently released on April 14. According to the FT, Anderson sold about $ 120 million of his Coinbase stock, although he had about $ 11 billion in assets at the time of listing.

In April 2020, news headlines were published about the $ 450 million follow-up by the foundation for the second special fund. The company eventually secured $ 515 million.

The entire cryptographic space has seen significant capital inflows throughout the year. The valuation of the market ceiling shows the industry's $ 2 trillion in assets, which it achieved in April 2021.