Crypto News: Dealing with a heavy sell off, the global digital asset market registered a broad recovery on Saturday morning. Bitcoin, Ethereum price jumped by 3% and 5%, respectively. However, the top...
Tag: Deepens
Dogecoin, Shiba Inu Drop Over 10% As Crypto Market Crash Deepens
The meme cryptos are seeing a decline of a massive 10.79% in the last 24 hours, taking the market cap down to 15.16 billion USD. The trading volume has jumped by 39.86%, indicating that the investors ...
GBTC discount narrows during SEC hearing, yield curve inversion deepens; 60% probability for 50bps hike
Quick Take Result of Powell Speaking The US 10-year minus 02 years has reached -100 bps inversion. The forward growth outlook is a full percentage point lower than the expected policy rate. Levels of ...
Altria deepens push into vape biz with two deals
Altria Group Inc. said Monday it would buy e-vapor company NJOY Holdings Inc. for $2.75 billion in cash, its second deal in recent days in the smokeless-tobacco space. Altria MO, +0.59% said the trans...
Bitcoin Flat as Crypto Winter Deepens
Crypto exchange Bybit on Saturday announced it is suspending U.S. dollar (USD) deposits. “We have temporarily suspended USD deposits via Wire Transfer (including SWIFT) due to service outages fr...
APT Price Rises 5% To $13 As Aptos Deepens Its Partnerships
Join Our Telegram channel to stay up to date on breaking news coverage Aptos (APT) was trading at $13.71 after rising 5.13% over the last 24 hours. This follows a series of collaborations by the Aptos...
Vietnam Property Debt Crisis Deepens as Major Developer Delays Bond Payment
(Bloomberg) — Vietnam’s property debt crisis is intensifying as the country’s second-largest developer joined the ranks of peers seeking debt extensions after failing to repay a bond on time. Mo...
Samsung, Hynix Pain Deepens as Price Collapse Echoes 2008 Crisis
(Bloomberg) — The memory chip industry is going through a historic decline in demand, with two of the worst quarterly drops on record at the end of last year. Most Read from Bloomberg The averag...
Adani Stock Wipeout Deepens to $104 Billion After Flagship Firm Pulls Share Sale
(Bloomberg) — The stock rout in Gautam Adani’s beleaguered empire intensified to more than $100 billion, as the fallout from a short-seller’s fraud allegations leads the Indian billionaire to pu...
Vital Proteins Deepens Its Sustainability Mission With B Corp Certification
Vital Proteins is entering its next chapter, aiming to more comprehensive advance sustainability … [+] initiatives beyond its core focus on health and wellbeing. Vital Proteins In under a decade...
BREAKING NEWS: Crypto Lender Genesis Files For Chapter 11 Bankruptcy As Crisis Deepens
Genesis Global Holdco, the parent company of embattled cryptocurrency lender Genesis Global Capital, has filed for Chapter 11 bankruptcy protection, becoming the latest firm to cave in to pressure in ...
Crypto.com Lays Off More Of It’s Workforce As Crypto Winter Deepens
(AP Photo/Mark J. Terrill) Copyright 2022 The Associated Press. All rights reserved. Key takeaways Digital assets exchange Crypto.com has laid off 20% of its global workforce. The announcement is the ...
Voyager Acquisition Approved as Binance Bleeding Deepens
A U.S. bankruptcy court has approved Voyager Digital’s proposed $1 billion sale of its assets to Binance.US., as the exchange undergoes significant withdrawals. In addition to approving the deal, U.S....
Equity Selloff Deepens as Recession Fears Grow: Markets Wrap
(Bloomberg) — U.S. equity-index futures dropped with European stocks amid concern the resolve of central banks to continue their fight against inflation will tip the economy into a recession. Mo...
GBTC’s Discount Deepens to Near 50% – Trustnodes
One bitcoin at Grayscale’s Bitcoin Trust (GBTC) is worth 50% less than one bitcoin on global exchanges. That’s a further increase in the discount over last month, with bitcoin’s price stuck at $9,000 ...
France requests emergency cut in electricity exports to UK as nuclear crisis deepens
The Drax coal-fired power stations – Simon Dawson/Bloomberg France’s electricity network operator requested emergency help from Britain as the cold snap caused demand to surge across Europ...
Bybit to Cut 30% of Workforce as Crypto Bear Market Deepens
Centralized crypto exchange Bybit has become the latest to axe staff as crypto winter deepens. The move adds to layoffs by the company earlier this year in June. Singapore-headquartered Bybit has anno...
Bybit reducing workforce as bear market deepens
Crypto exchange Bybit is reducing its workforce as a direct result of “the deepening bear market.” The Singapore-based crypto exchange’s CEO and co-founder, Ben Zhou, made the ...
Bitcoin Capitulation Deepens As aSOPR Metric Plunges To Dec 2018 Lows
On-chain data shows the Bitcoin aSOPR metric has dropped to lows not seen since December 2018, suggesting that holder capitulation is deepening. Bitcoin aSOPR Plummets To Lows Not Observed Since Almos...
Yield Curve Inversion Deepens, Increasing Likelihood Of 2023 Recession
The yield curve is now deeply inverted, a historically reliable recession signal (Photo by Bryan R. … [+] Smith / AFP) (Photo by BRYAN R. SMITH/AFP via Getty Images) AFP via Getty Images The yie...
FTX Crisis Deepens As Beleaguered Exchange Faces Potential Hack
The FTX crisis is showing no signs of abating, with the exchange now facing the spectre of a potential hack. Officials at FTX appeared to confirm the hack on Telegram and urged users to delete all ap...
French Automaker Renault and Google Deepens Partnership Ties
A major highlight of the announcement is the creation of a Digital Twin of the Software Defined Vehicle which will be resident on Google Cloud. French automaker Renault SA (EPA: RNO) is deepening its...
China’s Financial Footprint Deepens In Latin America
In the last two weeks, Mexico accounted for nearly half of all of China’s Belt and Road Initiative … [+] investments. China is making deeper inroads into Latin America via corporate brands...
Bear Market Deepens As Fed Official Warns Rate Hikes Will Trigger ‘Failures’ Around Global Economy
Topline The Federal Reserve’s interest rate hikes further tanked the housing and stock markets this week, but signs that the job market may not be cooling quickly enough could mean the economy h...
Terra Luna Crypto Crisis Deepens As Police Makes First Arrest
Terra Luna Crypto Crisis Deepens As Police Makes First ArrestSouth Korea Makes First Arrests In Terra LUNA ProbeOctober 6, 2022After months of investigation South Korean police have identified the fir...
Mastercard deepens crypto push with tool for preventing fraud
Mastercard credit cards Roberto Machado Noa/ LightRocket via Getty Images Mastercard will on Tuesday debut a new piece of software that helps banks identify and cut off transactions from fraud-prone c...
Credit Suisse Market Turmoil Deepens After CEO Memo Backfires
(Bloomberg) — Credit Suisse Group AG was plunged into fresh market turmoil after Chief Executive Officer Ulrich Koerner’s attempts to reassure employees and investors backfired, adding to uncertainty ...
India Freezes More Crypto Including Bitcoin and Tether as Investigation Involving Binance and Wazirx Deepens – Regulation Bitcoin News
India’s Directorate of Enforcement (ED) says it has frozen more cryptocurrencies, including bitcoin, tether, and the Wazirx token. The action is part of its investigation of the mobile gaming app E-nu...
Do Kwon Linked 3,313 Bitcoin To Be Seized? S. Korea Deepens Probe
Trouble for Do Kwon, Terra co-founder seems to be increasing after Interpol issued Red Notice against him. In the latest hit, South Korean authorities have moved on to deepen their probe against the a...
Everything-Selloff on Wall Street Deepens on 98% Recession Odds
(Bloomberg) — Monday brought a stark warning for Wall Street daredevils: Stocks are still in free fall and bearish sentiment is far from getting exhausted — especially with hawkish central...