Although both the symmetric triangle and the pennant are continuation patterns with a good degree of reliability, there are two key differences between the two in terms of formations. Key points to remember A symmetric triangle is a chart pattern characterized by two converging trend lines connecting a series of sequential peaks and troughs. Pennants…
Netspend is a prepaid card company that offers an alternative to debit cards, credit cards, and cash. Customers provide the company with their names and addresses, and the company mails them personalized cards which they activate and load with funds. The cards are operated by Mastercard and Visa. The company also offers prepaid business solutions,…
Three months after being elected into power, the Australian Labor Party (ALP) has finally broken its silence on how it’s planning to approach crypto regulation. Treasurer Jim Chalmers announced a “token mapping” exercise, which was one of the 12 recommendations in a senate inquiry report last year on “Australia as a Technology and Financial Center.”…
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…