Litecoin started a fresh decline from the $65 resistance zone against the US Dollar. LTC price is now trading below $60 and the 55 simple moving average (4-hours). There was a break above a key bearis...
News
Nouriel Roubini calls crypto as “ecosystem that is totally corrupt”
Crypto critic and American-Turkish economist Nouriel Roubini at the Abu Dhabi Finance Week on Wednesday labeled cryptocurrency as an “ecosystem that is totally corrupt”. Nouriel Roubini clears his sta...
U.S. prosecutors recommend 12-month probation for former Bitmex executive
U.S. prosecutors have asked a court to sentence Greg Dwyer, Bitmex’s former head of business development, to 12 months of probation for violating the U.S. Bank Secrecy Act. In addition, p...
Bitcoin Miners Dump 7,700 BTC In One Week
Bitcoin miners are usually some of the longest holders of BTC but that is usually when the bull market is in full swing and they do not have to worry about cash flow. Currently, the cash flow on bitco...
Nvidia, Cisco, Sonos and more
Cisco (CSCO): Shares rose in extended trading after the company reported solid quarterly sales and raised its full-year guidance. Cisco now sees revenue growth of 4.5% to 6.5%, up from its prior forec...
FTX crisis could extend crypto winter to the end of 2023: Report
The FTX crisis has deterred investor confidence and created a liquidity crisis in the crypto market, which could very well extend the crypto winter until the end of 2023, according to a new report. A ...
Yuga Labs’ Acquisition of A Web3 Firm and its Flagship NFT Collection
Yuga Labs welcomes WeNew and its flagship NFT collection 10KTF to the Yugaverse. This mutual collaboration will push the boundaries of where the metaverse meets reality through creative storytelling a...
Blockchain Developer Matter Labs Raises $200M in Series C Funding
Matter Labs, the team behind zkSync, a layer-2 scaling solution built on the Ethereum network, announced Wednesday the close of a $200 million Series C funding round. The firm also stepped up its secu...
Music NFTs and Taxes: A Web3 Taxation Guide
Okay, first things first. The basics. Creating (a.k.a. minting) an NFT is not a taxable event. If you create an NFT (a 1:1 or a 10K-strong collection) and no one buys it or trades it, you will not be ...
Oil Producers Deliver Reality Check At COP27 Climate Summit
US Special Presidential Envoy for Climate John Kerry speaks at the opening of the US Pavilion during … [+] the COP27 climate conference at the Sharm el-Sheikh International Convention Centre, in...
Crypto Exchange BingX Introduces First-Ever Elite Copy Trading Tool
Vladislav Sopov New instrument unlocks amazing opportunities for traders and introduces previously unseen compensation for seasoned traders Contents Elite Copy Traders Program by BingX kicks off All c...
ASX cancels years-long blockchain settlement and clearing system project
The Australian Securities Exchange (ASX) is dropping a long-in-the-making blockchain-powered replacement for its CHESS settlement and clearing system. The announcement caps a process subject to ...
As SBF Disses Regulators, FTX Disowns SBF
Directly after outlandish new comments from FTX founder Sam Bankman-Fried became public, FTX’s new CEO took a moment to distance the company from the exchange’s former leader. In an interview with Vo...
Binance CZ Rocks Abu Dhabi Finance Week!
CZ participated in the Abu Dhabi Finance Week. CZ signed about 8 investment deals in the day. Secures Financial Services Permission from Abu Dhabi’s FSRA. The Abu Dhabi Finance Week has been one of th...
CSCO Stock: Cisco Earnings Top Estimates Amid Restructuring Plan
Cisco Systems (CSCO) on Wednesday reported fiscal first-quarter earnings and revenue that topped consensus estimates. CSCO stock rose as the computer networking giant also announced a restructuring pl...
Coinbase says it has no exposure to Genesis, touts ‘strong capital position’
Due to the chain reaction of events following the FTX collapse, the leading exchange Coinbase felt the need to clarify that it has a ‘strong capital position’ amid market turmoil, and has zero exposur...
The EU Wants To Ban Privacy Coins In The States
For the last two years, the EU government has wanted to launch the Markets in Crypto Assets (MiCA) framework for the crypto industry. This framework will help to combat crypto fundraising schemes in t...
Big 4 Accounting Firm PwC Approved as Joint Provisional FTX Liquidators
The Securities Commission of the Bahamas, where FTX is headquartered, has approved the liquidation of FTX’s assets, according to a press release issued this morning. Last Thursday, the regulator...
A Russian Regiment Reportedly Lost 2,500 Draftees In Just Two Weeks Of Fighting
An abandoned Russian T-72B3 near Svatove. 92nd Mechanized Brigade The Ukrainian army’s 92nd Mechanized Brigade is killing Russian draftees as fast as the Kremlin can shove the unhappy, unfit conscript...
Bybit and Huobi Rush to Publish Proof of Reserves
Bybit and Huobi have joined the ranks of major crypto exchanges that have publicly provided their proof of reserves. The collapse of cryptocurrency exchange FTX and its affiliated companies have trigg...
The Block: Bitcoin mining stock report: Wednesday, November 16
The majority of bitcoin mining stocks tracked by The Block traded down today. Core Scientific and Marathon Digital were the two biggest losers on Wednesday. Both bitcoin miners declined over 12...
CryptoPunks NFTs outnumber Bored Ape
In recent days, CryptoPunks NFTs have surpassed the value of the Bored Ape Yacht Club (BAYC) collection. This is a really big achievement, bringing the floor price of CryptoPunks to 60 ETH, while Bore...
BTC Price Prediction – Is Bitcoin Heading Back to $17k Today
Join Our Telegram channel to stay up to date on breaking news coverage The foremost cryptocurrency, Bitcoin, slipped below the $16,000 threshold following the news of FTX’s crisis. However, the digita...
Revenue beats expectations, bottom line falls short
Graphics chip giant Nvidia (NVDA) announced its Q3 earnings after the closing bell on Wednesday, beating analysts’ expectations on revenue, but falling short on earnings per share. Here’s ...
Shiba Inu To Dominate Major Altcoins Soon! SHIB Price Is Poised To Kick A Massive Explosion
While the crypto market has been severely affected by the recent collapse of famous crypto exchange giant FTX, the SHIB community continues to broader its adoption due to a potential announcement from...
FTX Hacker steals funds; becomes 35th largest crypto whale
Crypto exchange Kraken has identified the hacker. FTX’s remaining assets have been moved to cold storage. News of the hack comes after FTX filed for bankruptcy on November 11th. FTX funds stolen post ...
Elon Musk Expects to Find Someone Else to Run Twitter
The notorious new “Chief Twit,” Elon Musk, may not be so for much longer. After buying Twitter and installing himself as its CEO late last month, the billionaire has revealed plans to leave the manag...
Auto Dealership Group Purchases Landmark Daytona Harley-Davidson Dealership
Daytona Harley-Davidson sells around 1,000 Harleys annually, according to dealership M&A firm DCG … [+] Acquisitions. PHOTO: Jonny Nomad Media The Florida-based Ed Morse Auto Group, a chain ...
Ethereum [ETH]: To avoid being a part of exit liquidity, read this
Ethereum whales begin coin distribution as alt’s price continues to fall. Most ETH holders have held at a loss since the FTX collapse, and investors have since lost conviction of any positive price gr...
Sam Bankman-Fried says ‘f*ck regulators’ in wide-ranging interview with Vox
Former FTX CEO Sam Bankman-Fried made a number of eyebrow-raising statements in a wide-ranging interview conducted over Twitter DMs for more than an hour late Tuesday with Vox reporter Kelsey Piper. &...
Sony’s PlayStation Up Next For NFTs?
If NFT fanatics were asking ‘XBox or PlayStation,’ they might have a reason to be partial after this week. A new patent from Sony’s console gaming division has been generating buzz around potential bl...
REITs Under $10 A Share — 2 That May Be Worth It
The old investing adage holds true for stocks, bonds and real estate, whether it be a bull market or bear market — “Buy low and sell high.” Because of recent weakness in the markets, investors may be ...