With Google parent Alphabet (GOOGL) poised to complete its 20-for-1 stock split after the market close on Friday, the recent splits by Amazon.com (AMZN) and Shopify (SHOP) may give investors reason fo...
Tag: Due
Bitcoin: Decoding if another black swan event is due
The global crypto market capitalization on 11 July stood at $914.71 billion with a decline of 3.6% over the last day. On the other hand, the total crypto market volume was $55.15 billion with a 2.25% ...
Argentina: stablecoin swaps rise due to peso’s collapse
Citizens in Argentina appear to be relying on stablecoins in anticipation of the collapse of the national fiat currency Argentine peso. The main cause of this event is political-economic uncertainty t...
Recent Crypto Market Decline Happens Mainly Due to Macro Factors
The crypto industry has lost two-thirds of its market capitalization in eight months. Coinbase Institute Chief Economist, Cesare Fracassi, has opined that the recent crypto market decline is due to ma...
Crypto Trading Volumes In India Sink Due To Heavy Taxation, What’s Ahead?
Cryptocurrency trading is taking another pattern and shape in India due to the implementation of taxation laws. As a result, the traders are experiencing a different turn in their transactions lately ...
Nexo begins due diligence to acquire 100% of struggling rival Vauld
Centralized lending and borrowing platform Nexo has signed an “indicative term sheet” for the potential acquisition of Vauld. An indicative term sheet is a non-binding agreement establishing business ...
Indian Crypto Exchanges See Volumes Plummeting 80% Since July 1 Due to New Tax Rules
Effective July 1, the Indian government has started levying a 1% tax at the source (TDS) for trading cryptocurrencies. Just in the last five days, volumes at three major cryptocurrencies – ZebPay, Waz...
Circle CEO Refutes Rumor of USDC Collapse Due to Exposure to Troubled Firms
Circle – the company behind the second-largest stablecoin by market cap, USDC – reiterated its positive financial position amid a rumor calling the company on the brink of collapse. As the reports wen...
More Than 80% Ethereum Stakers in Loss Due to Recent Price Fall
42 seconds ago | 2 mins read Altcoin News Only 17% of Ethereum investors are making money. ETH is now trading at $1056, a distance of 79% from its all-time high price. A figure from Will Sheehan, the ...
Tesla deliveries fall due to China Covid shutdowns and supply shortages
Parts shortages and pandemic-related production shutdowns at Tesla’s plant in Shanghai caused a big drop in the electric car maker’s latest global vehicle deliveries, according to figures released on ...
Genesis Suffers Nine Figure Loss Due To Its Connection With Three Arrow Capital: Report
The cryptocurrency market operator and financing company Genesis Trading is hit by serious liabilities in the “hundreds of millions.” The damages at Genesis are “only several hundred million dollars,”...
FTX Passed on Deal to Purchase Celsius Due to Deficient Balance Sheet: Report
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OpenSea Mails Customers, Warns Of Possible Phishing Emails Due To Data Leak
OpenSea, a leading NFT marketplace, has advised its users to exercise caution and avoid falling for phishing scams. The head of security said that an employee of a third-party vendor abused their acce...
Marathon’s Crypto Mining Capacity Crippled Due to a Massive Storm
Marathon Digital Holdings – one of the leading cryptocurrency mining companies – said that 75% of its operations are currently without power because of a devastating storm that passed recently through...
Bitcoin is Still Due for a “Final Washout” says Fundstrat Analyst
Mark Newton – technical strategist at the investment insights firm Fundstrat – is not convinced that Bitcoin has reached its bottom. He claims there is a significant chance of a “final washout” style ...
Crypto Miners Face Margin Calls, Defaults as Debt Comes Due in Bear Market
Don’t miss CoinDesk’s Consensus 2022, the must-attend crypto & blockchain festival experience of the year in Austin, TX this June 9-12. Margin calls are coming for cryptocurrency miner...
Huobi Crypto Expected To Cut Down 30% Of Its Staff Due To Drop In Revenue
Most crypto product and service companies have seen huge revenue drop with the recent trend of events. In addition, the persisting bear market has dealt a devastating blow to several operational activ...
Three Arrows could be liquidated due to the crypto market’s bearish streak
One of the crypto investment funds, Three Arrows, fell into liquidation after being affected by the downward trend experienced by decentralized trading. According to the CNBC news agency, the crypto f...
Huobi Global Plans to Layoff 30% of its Personnel Due to Multiple Factors
4 hours ago | 2 mins read Exchange News Huobi had to remove its Chinese customers by the end of December last year. Huobi has secured additional licenses in New Zealand and the United Arab Emirates. H...
U.S. Auto Sales Forecast Gets Another Haircut, Mostly Due To Low Supplies
Forecasters trim expectations for improvement in U.S. auto sales this year. Low inventory is mostly … [+] to blame. Portland Press Herald via Getty Images Cox Automotive cut its 2022 U.S. auto s...
Tesla Deliveries Due After Shanghai Production Woes; Tesla Stock Hits Resistance
Tesla (TSLA) is likely to announce global production and delivery data for the second quarter later this week, after the Covid lockdowns and restrictions significantly reduced Shanghai plant productio...
China EV Sales: Tesla Rival BYD Breaks Out After Huge Win Streak; Nio, Li Auto, Xpeng Due
China EV sales for June and the second quarter are due, after Nio (NIO), Xpeng (XPEV) and Li Auto (LI) signaled a Covid recovery but Wall Street says — not so fast. X BYDDF stock broke out afresh Mond...
Three Indicators Suggest Bitcoin Might Be Due for Relief Rally Next: Details
Lead cryptocurrency Bitcoin (BTC) is down about 70% from its record-breaking high of $69,000 in November. Following the recent market collapse, Bitcoin dropped to a low of $17,592 on June 18 before pa...
Is SHIB due for a bull run now that 400 trillion tokens are burnt?
On 23 April, the Shiba Inu Ecosystem launched a burning portal, one wherein it began burning SHIB tokens. According to a blog post published by the developers of the Shiba Inu project, the aim behind ...
Bitcoin carbon footprint reduced significantly due to crypto bear market
All manner of green bitcoin mining projects are being initiated in a bid to reduce the number one cryptocurrency’s energy consumption. However, the current crypto bear market also appears to be helpin...
Harmony’s $100M Hack Was Due to a Compromised Multi-Sig Scheme, Says Analyst – Bitcoin News
On June 23, 2022, the Harmony development team announced that $100 million was siphoned from the Horizon bridge, and the organization explained it was working with national authorities and forensic sp...
Coinbase Downgraded by Moody’s Due To ‘Substantially Weaker Revenue’
America’s largest crypto exchange Coinbase came under pressure as credit ratings agency Moody’s downgraded the company’s Corporate Family Rating (CFR) to Ba3 from Ba2 and its guaranteed senior u...
Moody’s downgrades Coinbase due to bear market: Warns it may not be the last
Moody’s said further downgrades could follow if Coinbase doesn’t diversify from its current revenue model or it’s unable to turn a profit even in a prolonged bear market. Credit ratings agency Moody’s...
Crypto Exchange CoinFLEX Freezes Withdrawals Due to Counterparty ‘Uncertainty’
Another cryptocurrency platform has frozen user withdrawals in response to the bear market. Crypto derivatives exchange CoinFLEX today announced that it is discontinuing account withdrawals on its pla...
Cryptocurrency Exchange Uphold Leaves Venezuela Due to US Sanctions – Emerging Markets Bitcoin News
Uphold, a New York-based cryptocurrency exchange, has announced it is closing its operations in Venezuelan markets. The company, which has already had problems with users in the country in the past — ...
Crypto Exchange Uphold Cuts Off Venezuela Due to ‘Complexity’ of US Sanctions
U.S. sanctions have forced cryptocurrency exchange Uphold to shut off Venezuela—officially this time. In an update to its website’s help center, the U.K.-based exchange noted that it was shutting down...