Apart from halting withdrawals, Hodlnaut has also informed Singapore’s Monetary Authority (MAS) about withdrawing its license application that received in-principle approval from the central bank back...
Tag: Due
Bitcoin Rising Due To External Push Amid Downtrend In Active Wallets?
The Bitcoin (BTC) price on Monday rose sharply despite a downtrend in the number of active addresses. At one point, the cryptocurrency touched the $24,200 level. It appears that it is not much because...
Crypto lending platform Hodlnaut suspends services due to liquidity crisis
Blaming market conditions and lack of liquidity, Singapore-based crypto lending platform Hodlnaut has become the latest firm to suspend withdrawals and deposits. The crypto lending firm made an offici...
MakerDAO Risk Market Decline Due To Ethereum’s Merge
StarkNet is a permission-less decentralized ZK network E1P-155 is not sufficient protection for it since it only functions on the PoW chain The maker stated it was deploying the chain to both the L1 a...
Might MakerDAO risk market decline due to Ethereum’s Merge
MakerDAO [MKR] has claimed that the much-anticipated Ethereum [ETH] Merge could do more harm than good to its network. Maker, the builder of the stablecoin – DAI – explained the implications of the M...
SHIB, XRP, ADA Take Hit Due to Blockbuster Jobs Report
Alex Dovbnya Good news for U.S. economy is bad news for speculative assets since Federal Reserve will press on with aggressive rate hikes Contents It’s a boom, not a recession Expect more rate h...
Block Q2 Bitcoin Revenue Down 6% YOY Due to BTC Slump Block Inc.’s Q2 Revenue is down 6% YOY to $4.40 Billion over BTC Slump
American digital payments company Block Inc.’s second-quarter (Q2) revenue dropped by 6% year-over-year (YOY) to $4.4 billion. Although the numbers still topped Wall Street’s expectations of $4.35 bil...
Coinbase stock pops after BlackRock announcement, temporarily halts due to volatility
Coinbase shares briefly hurtled past $100 on Thursday morning following an announcement that the firm will partner with BlackRock to offer institutional clients access to crypto. Shares in the compan...
Riot Blockchain Mined 28% Less Bitcoin in July Due to Massive Heat Waves
One of the leading bitcoin mining companies – Riot Blockchain – mined 318 BTC in July – a 28% production decrease compared to June’s figures. The main reason for the crippled productivity was last mon...
CoinShares posts £8.2M Q2 loss due to one-off impairment hit from Terra
London-based digital asset management firm Coinshares reported a loss before tax of £8.2 million for the second quarter, versus a profit before tax of £28.6 million a year ago, on the back of a one-of...
Crypto Exchange ZB.com Loses $3.6M Due to Recent Hack
3 hours ago | 2 mins read Exchange News It is claimed that 2224 ETH were lost as a consequence of the breach. The breakdown of key applications was blamed for the suspension of services. The crypto se...
CoinShares Announces a Loss of Over $21 Million Due to Terra Collapse
Coinshares – the largest digital asset investment group in Europe – has published its quarterly financial report. In it, the company laid out its performance during the past 3 months and its anticipat...
Japan’s central bank shelves plans for CBDC due to a lack of public interest
Despite testing the technical feasibility of the issuance of a central bank digital currency (CBDC) since 2021, and starting the second phase of the experimentation in April, Japan’s central bank has ...
Royal Caribbean to offer $900 million in convertible bonds due 2025
Royal Caribbean Group RCL, -8.93% said Monday it has commenced a private offering of $900 million of senior convertible bonds that mature in 2025. The company said it would grant the initial purchaser...
Japan’s central bank scraps CBDC plans due to lack of interest from public
The Bank of Japan (BoJ) has concluded that it is not technically feasible for the government to release a central bank digital currency (CBDC) at the moment. Cash rules everything around Japan Like ma...
Central Bank of Uruguay Summons to Binance Due to Its Savings Focused Cryptocurrency Products – Regulation Bitcoin News
The Central Bank of Uruguay has issued a summon to Binance, one of the biggest exchanges in the world, due to the series of crypto-based savings products they are offering in the country. These saving...
Bitcoin miner capitulation due to end amid 1st difficulty increase since June
Bitcoin (BTC) miners have been capitulating for almost two months, but an end to the squeeze could already be here. That was the conclusion from Blockchain infrastructure and cryptocurrency mining fir...
Bitcoin due ‘one of greatest bull markets’ as July gains circle 20%
Bitcoin (BTC) spoofed a breakout to fresh six-week highs into July 31 as a showdown for both the weekly and monthly close drew near. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView “...
CoinFLEX Makes “Significant” Staff Cuts Due to Recovery Costs
Key Takeaways CoinFLEX says that it will layoff a portion of its workforce due to the costs of distributing its composite asset. By next week, the company expects to have data on how much of the CoinF...
Roku drops by 25% in after-hours trading due to Q2 earnings miss
Roku (NASDAQ: ROKU) sunk by 25% in after-hours trading on July 28, following a miss on their Q2 earnings report. A slowdown in TV advertising spending due to various macro headwinds spooked investors ...
Cathie Wood’s ARK Invest sells $75M worth of Coinbase shares due to poor performance
AArk Invest’s trading data for July 25 shows that it sold over 1.41 million Coinbase Global Inc shares due to poor stock performance amid the bear market and an ongoing investigation by the SEC. Coinb...
Coinbase Shareholders Could Be At High Risk Due To Dilutions
After the recent revelations on Insider trading by Coinbase’s former Product Manager, another major bad news hit coinbase shareholders. Recently, Coinbase resorted to employee layoffs amid the market ...
Top Crypto Analyst Warns Markets Due for Minor Pullback, Dives Deeper Into Bitcoin and Ethereum
A widely followed analyst says that the crypto market is set to see a minor pullback following a rally last week. The pseudonymous crypto strategist Rekt Capital tells his 324,200 Twitter followers th...
JP Morgan Says Coinbase Shareholders Could Lose Out Due To Big Move
After the recent reveal of cryptocurrency insider trading tipping scheme, another bad news could hit Coinbase shareholders. Ever since the top exchange announced employee layoffs, Coinbase has been in...
GOOGL Stock: Google Earnings Due As TikTok Slows YouTube Sales Growth
When Google parent Alphabet (GOOGL) reports June-quarter earnings, investors likely will be braced for a slowdown in digital advertising. But they may not be prepared for TikTok’s expected impac...
Walmart Shares Plunge Nearly 10% After Company Warns Of Profit Slowdown Due To Inflation
Topline Shares of Walmart fell nearly 10% in after-hours trading on Monday after the company slashed its profit outlook for the second quarter and rest of the year, warning that high inflation is havi...