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The app for managing digital yuan wallets has been updated to include a digital version of a traditional Chinese method for giving money as a gift, which was rendered obsolete by the rise of digital payment systems. In an effort to entice potential new users, the wallet app for China's digital yuan central bank digital currency (CBDC) has included a feature that allows users to send money in an electronic version of the country's traditional "red packets." According to a report published by the South China Morning Post on December 26, the new functionality was made available over the course of the past weekend, approximately one month before the beginning of the Chinese New Year on January 22. As a symbol of good fortune and prosperity, "red packets," which are known as hongbao in China, are customarily given as gifts of money during celebrations such as the Chinese New Year and other occasions. As the use of digital payments continues to grow, popular regio...

The use of censoring MEV relays by cryptocurrency ecosystems and exchanges is one of the most significant factors that undermines the neutrality and credibility of Ethereum. Being in compliance with federal sanctions has a detrimental effect on the global reach of the vast majority of cryptocurrency ecosystems. When it comes to Ethereum, however, investors hold a significant amount of power, which allows them to decide the degree of compliance obeyed by the ecosystem. A little under sixty percent of all Ethereum blocks created after the merge are in compliance with the sanctions imposed by the Office of Foreign Assets Control of the United States (OFAC). Despite the fact that the cryptocurrency community is united in its opposition to this change, many participants are unaware of the role they have played in bringing Ethereum closer to full OFAC compliance. The utilization of censoring Miner extractable value (MEV) relays by cryptocurrency ecosystems and exchanges is one of the most si...

It was reported today that more than 2% of Max Financial Services' equity was transferred in a block deal, which led to a drop of about 3% in the stock price. The total amount of the deal was Rs. 471, 000,000. Max Financial stock dropped from the previous closing of Rs 699.45 on BSE to a new low of Rs 680.15, a loss of 2.75 percent. Value of the company in the market dropped to Rs 23,8632 crore. The share price dropped to Rs 687.50 at the market open. The price of Max Financial shares is currently below their 5, 20, 50, 100, and 200-day moving averages. The stock price of Max Financial has dropped by 28.38 percent in the past 12 months and by 29.31 percent in the year 2022. On January 11, 2022, the share price reached a high of Rs 1081, and on November 23, 2022, it reached a low of Rs 627.80, representing a 52-week range. On the Bombay Stock Exchange (BSE), 12.57 million shares of the company were traded, for a total of Rs 85.89 crore in trading. In the last two trading days, share...

Tuesday morning saw a decline in stock futures as a result of the Bank of Japan's announcement to expand its yield target range. The Dow Jones Industrial Average futures declined 236 points, or 0.72%. Futures for the S&P 500 and Nasdaq 100 decreased by 0.86% and 1.05%, respectively. On Monday, the Dow lost more than 162 points, or around 0.5%, during regular trade. The Nasdaq Composite lost over 1.5%, while the S&P 500 dropped by 0.9%. Investors' hopes for a Santa Claus surge are dwindling quickly as the stock market is expected to end both the month and the year in the red. "Santa has yet to be spotted. The company's creator, Louis Navellier, who also founded Navellier & Associates, advised investors to buckle up. "One would like to believe that all the terrible news is out there. The earliest that the Fed will act again is in February. Although we aren't gapping lower, we are also not making up for last week's losses. Investors were troubled ...

Today's Stock Market News | Share Prices, Sensex, and Nifty LIVE: The bulls make a comeback, ending a two-day losing streak, and both the NSE Nifty and BSE Sensex indices in India close higher. The Sensex goes up by 460 points, the Bank Nifty goes up by 0.45%, and the Nifty ends the day above 18400. M&M is the biggest winner. Even though the markets opened flat, the Nifty rose more than 150 points to close at 18,420, going above 18,400. The Sensex ended the day up 0.76 percent, at 61,806. When the whole market went from red to green during the day, the Nifty Junior or Nifty Next 50 went up by almost 1%. With a gain of 1.59%, Nifty Auto was the industry's biggest winner today. The initial public offering (IPO) for KFin Technologies started today, with prices ranging from Rs. 347 to Rs. 366 per share. Nifty's biggest problem is 18,888 " "Wall Street had an unexpectedly bullish day, with short sellers covering their positions and value buyers buying up stocks. Ex...

Inflation in Argentina is expected to hit 99 percent this month, and economists predict it could hit triple digits shortly, Bloomberg reported as the Argentine national team prepared for Sunday's World Cup final. Inflation averaged 116% in 1986, the year Diego Maradona led the albiceleste to the World Cup triumph. According to polls and data from the central bank, the rate in 1978, when Argentina hosted the event and triumphed, was 176%. Fans saw Lionel Messi, who was born the following year, as the natural successor to Diego Maradona's iconic position, and he will be making his final World Cup appearance in the match against France. The team's miraculous run to the final match, which saw them avoid early elimination and then win five games in a row, was inspired by their talisman, and it has thrilled a country that is now again facing difficult economic times. However, this unchanging aspect of the country's economy does not predict the level of success the country wil...

According to analysts, Malaysia's economy would decline in 2023 as a result of difficult external circumstances and weakening internal demand. According to a report by Maybank Investment Bank Research, Malaysia's full-year growth is expected to reduce to 4% in 2023 from its projected 8% growth in 2022, mainly due to a slowdown in domestic demand, according to Xinhua news agency. In addition to the consequences of high inflation and high interest rates on cost of living and real disposable income, the research house anticipates slower growth in private consumption over the coming year as pent-up spending from the complete economic re-opening evaporates. Along with the decreased budgetary allotment for government running expenses in 2023, it also anticipates moderate growth in public consumption. In addition, it claimed that the prospect of slower global economic expansion leads to a decline in exports and imports of products and services. In the meantime, MIDF Research expects M...

There were three loud explosions in the heart of Kyiv, and the Ukrainian government later claimed they were caused by the destruction of Iranian-made Shahed drones. Ten Shahed drones, according to Mayor Vitali Klitschko, were shot down by Ukraine's air defenses, and rescue workers were sent to the Shevchenkivskyi neighborhood in the city's center. Details will follow, he said on his Telegram channel. Independent confirmation of Klitschko's assertion was not feasible. Ukrainian politician Oleksiy Goncharenko tweeted that he had heard three blasts around 6:30 a.m. local time (04:30 GMT). At 3:55 a.m. local time (5:55 a.m. GMT), the air-raid siren sounded, and everyone were told to stay in bomb shelters until they heard the all-clear. According to Goncharenko, "Ukrainians wake up not from alarm clocks, but from explosions." I appreciate the help from our northern neighbor, Russia. Howdy, y'all! Kyiv Oblast governor Oleksiy Kuleba reported that the region's ai...

Hong Kong is going to do rid of some of the remaining remnants of its Covid-19 regulations, which have been responsible for destroying the city's economy and bringing its reputation as a financial hub into disrepute. As of tomorrow, incoming travelers will no longer be prohibited from visiting restaurants and bars within the first three days of arrival, and residents will no longer be required to scan a tracing app in order to enter eateries, pubs, and other venues. In addition, the ban on visiting restaurants and bars within the first three days of arrival will no longer apply to outgoing travelers. John Lee, the chief executive of Hong Kong, stated that "we have evaluated the data and danger," and one of the considerations that was considered was that the risk brought in by imported cases is actually lower than the risk of infection in the community. "We have reviewed the data and risk," The changes follow Beijing's about-face on its zero-Covid policy earl...

IS THIS THE NEXT BIG BANG? Not quite, but it represents a shift in the regulatory pendulum from years of strengthening bank capital requirements and enforcing consumer safeguards to considering how to make rules function better for Britain after Brexit. First named the "Edinburgh Regulations" after the city where they were formally presented by finance minister Jeremy Hunt, the revisions were initially dubbed a Big Bang 2.0 on the same scale as far-reaching 1980s share trading reforms. The administration has toned down its rhetoric, emphasizing that there would be no "race to the bottom," significant departures from international norms, or elimination of investor protections, but that authorities should help the financial sector's international competitiveness. Hunt said it would be incorrect to refer to the reforms as a "Big Bang" given the need to avoid "unlearning" lessons from the 2008 global financial crisis, and he emphasized regulators...

Finance Minister Ishaq Dar stated on Saturday that Pakistan is on the right track and will not default, despite opposition propaganda. "Pakistan will not default solely due of opposition propaganda" (Pakistan Tehreek-i-Insaf). "The country's orientation is correct, and it is not on the verge of default," Mr Dar asserted during his meeting with business leaders. PTI Chairman Imran Khan and other party leaders have predicted that Pakistan will fail due to the coalition government led by the PML-"bad N's policies." Mr Khan believes that the country's economy can only be stabilized if a stable administration pursues new elections and addresses the crisis. Mr Dar went on to say that the opposition was harming the country's "economic cause." "In addition, the opposition is attempting to deter foreign investment in the country by spreading corruption stories." "The PTI must take a serious stance and refrain from meddling w...

In November, factory-gate prices in China fell annually for a second month but consumer inflation moderated, pointing to weak demand and sluggish activity in an economy that has been constrained by stringent economic controls. Analysts stated that they anticipated the government to maintain low interest rates and implement measures to increase trust. According to data released on Friday by the National Bureau of Statistics (NBS), the producer pricing index (PPI) was down 1.3% from a year earlier, maintaining the annual contraction witnessed in October. It fell at a slower rate than the 1.4% predicted in a Reuters survey. Although it was less than the 2.1% annual increase observed in October, the consumer price index (CPI) for November increased at its slowest rate in eight months, at 1.6% from a year earlier. This result was in line with a Reuters poll. Zhiwei Zhang, chief economist at Pinpoint Asset Management, stated that the figures "indicate the economic momentum (continues) t...

The dollar rose on Thursday as investors assessed the outlook for Fed policy against the possibility that rising interest rates could cause a recession. Next week brings key central bank decisions from the Fed, ECB, and BoE. Traders and investors want to know if inflation has peaked, allowing for lower interest-rate hikes in the coming months. Monthly consumer inflation data also coming next week, one day before the Fed's Dec. 14 policy meeting, and might set longer-term monetary policy expectations. "U.S. CPI is the only data release that seems to matter for dollar movement right now," RBC currency strategist Adam Cole said. Dollar was stable against major currencies. The euro was last unchanged at $1.0507, while the pound fell 0.3% to $1.2171. The yen slipped 0.25 percent to 136.90, giving up part of Wednesday's 0.4% gain. Since hitting a 15-year high in late October, the 10-year Treasury yield has dropped about 1%. It's unwound half of the rise between August...

Oil fell on Wednesday, with Brent crude nearing its lowest level this year, weighed down by concerns about the economy and fading fears that a Western cap on Russian oil prices would drastically reduce supply. Warnings from major US banks about a possible recession next year knocked on the currency. A rising dollar raises the price of oil for holders of foreign currencies and dampens desire for risk assets. By 1020 GMT, Brent crude had fallen $1.05, or 1.3%, to $78.30 per barrel. It had previously reached a low of $77.74, the lowest since January 3. Crude oil in the United States fell $1.24, or 1.7%, to $73.01 a barrel, the lowest since late December. "There's still a lot of uncertainty in the markets today," said Claudio Galimberti, senior vice president at Rystad Energy, adding that oil production in Russia may not fall as much as previously anticipated. Brent fell below $80 for the second time in 2022 on Tuesday, reversing the year's gains that had taken prices clo...

Rising wedge is a bearish chart pattern with two intersecting trend lines. Trend lines converge. First trend line connects recent lower and higher highs; second connects recent lows. The shape is a right triangle. Rising wedges fall. Since the low is higher than the high and the lower trend line is steeper than the upper one, the rising wedge pattern is bearish. The only differences between the falling wedges are the triangle angle and the pattern. The rising wedge (ascending) pattern forecasts declining prices or a breakout to a downtrend, making it bearish. Despite the wedge capturing higher prices, trading volume reductions may imply sellers are consolidating for a bearish breakout. The falling wedge (descending) pattern has a negative slope and predicts a rebound, making it bullish. Rising wedges can be continuation patterns in downtrends or reversal patterns in uptrends. Wedges rise. The rising wedge pattern becomes a pizza slice when two trend lines connect. Rising wedges have gr...

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The rising wedge pattern is defined as. Traders in the cryptocurrency market often look for the rising wedge, a price reversal pattern that is popular and predictable. Potential price movement range and direction can be inferred from the pattern. Easy recognition has made this pattern popular amongst traders. When price action during an upswing remains between two levels of support and resistance, we have a rising wedge pattern. In this pattern, the support line typically has a greater slope than the resistance line. This incline may indicate that faster-forming highs and lowers contributed to the wedge shape. Because of this potential negative interpretation, the rising wedge pattern is frequently referred to as "rising wedge bearish." The formation of a rising wedge could signal a change in trend and the continuation of the bear market. As a reversal pattern, it always continues higher with the overall trend. If it were a sustained pattern, on the other hand, it would keep ...

On a price chart, convergent trend lines provide the impression of a wedge, a particular kind of price pattern. Two trend lines are created to connect the highs and lows of a price series that has been studied over a period of ten to fifty years. Due to the disparity in the speeds at which the highs and lows are increasing or falling, it appears as though a wedge is forming when the lines converge. Due to the structure of the line, wedge-shaped trend lines are excellent indicators of a potential price reversal. Key Idea Wedge patterns are often identified by converging trend lines that span 10 to 50 trading sessions. The patterns can be classified as rising wedges or falling wedges depending on which way they travel. When it comes to predicting price reversals, these patterns have an incredibly high success rate. gaining understanding of the wedge pattern. How to Interpret the Wedge Pattern A wedge pattern might have suggested a price reversal in either direction. In any case, this pat...

On a price chart, converging trend lines provide the impression of a wedge, a type of price pattern. Over a time span of 10 to fifty years, a price series is evaluated, and two trend lines are created to connect the series' highs and lows. As the lines approach a point of convergence, it looks that a wedge is forming due to the disparity between the rates at which the highs and lows are increasing or decreasing. The shape of a wedge-shaped trend line makes it a good indicator of a possible price reversal. Key Point 10 to 50 trading sessions of converging trend lines are often the defining characteristics of wedge patterns. Depending on the direction of their movement, the patterns can be described as either rising or falling wedges. These patterns have an extraordinary success rate in predicting price reversals. Developing an Understanding of the Wedge Pattern. Knowledge of the Wedge Pattern A wedge pattern may have signaled a price reversal in either direction. In any event, this ...