Finance

What is a symmetrical triangle A symmetric triangle is a chart pattern characterized by two converging trend lines connecting a series of sequential peaks and troughs. These trend lines should converge at a roughly equal slope. Trendlines that converge at unequal slopes are called rising wedge, falling wedge, ascending triangle, or descending triangle. Key points…

CD duration Last week’s best national rate Best national rate of the week To change 6 months 3.01% APY 3.01% APY No change 1 year 2.70% APY 3.00% APY +0.30 2 years 3.00% APY 3.50% APY +0.50 3 years 3.25% APY 3.55% APY +0.30 5 years 3.64% ABS 3.65% ABS +0.01 For the second time…

The hackers behind the $625 million Ronin bridge attack in March have since transferred most of their funds from Ether (ETH) into Bitcoin (BTC) using renBTC and Bitcoin privacy tools Blender and ChipMixer. The hacker’s activity has been tracked by on-chain investigator ₿liteZero, who works for SlowMist and contributed to the company’s 2022 Mid-Year Blockchain…

Nicolellis range bars were developed in the mid-1990s by Vicente Nicolellis, a Brazilian trader and broker who spent over a decade running a trading desk in Sao Paulo. Local markets at the time were very volatile, and Nicolellis became interested in developing a way to use volatility to his advantage. He believed that price movement…

What is Fragmentation? The term fragmentation refers to a supply chain divided into different parts. In simple terms, companies divide the production process between different suppliers and manufacturers when they fragment. Thus, companies use separate component suppliers and manufacturers to produce their goods and services. These entities are often located in different countries, especially where…

Bitcoin ATM manufacturer General Bytes had its servers compromised via a zero-day attack on Thursday that enabled hackers to make themselves the default administrators and modify settings so that all funds would be transferred to their wallet address. The amount of funds stolen and the number of ATMs compromised have not been disclosed, but the…

Peaks and troughs are patterns that are developed by the price action experienced by all securities. As we know, prices never move in a straight line, whether in an uptrend or a downtrend. The term “zigzag pattern” has been used to describe peaks and troughs, and many charting software will have a “%-zigzag” indicator that…

An industrial bank is a state-chartered financial institution, usually owned by a commercial enterprise, that is not regulated by a federal banking agency. Industrial banks accept deposits from customers and provide loans to consumers and small businesses. Industrial banks are also known as industrial loan companies (ILC). Industrial banks are only licensed by a few…

Bitcoin (BTC) dropped to two-week lows on June 11 as the week’s Wall Street trading ended with bears in control. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView U.S. inflation print proves setback Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it reached $28,528 on Bitstamp, its lowest since May 28. The pair had…