Bitcoin, and the entire market for that matter, has seen better days as the asset plummeted to multi-year lows of $15,500. The alternative coins suffered just as badly, but some, such as SOL and FTT, ...
Tag: Markets
JPMorgan Team Says Crypto Markets Face ‘Cascade’ of Margin Calls
(Bloomberg) — Crypto markets face weeks of deleveraging in the fallout from the crisis at digital-asset exchange FTX.com, a period of upheaval that could push Bitcoin down to $13,000, according ...
Shiba Inu Flips Solana as Markets Play Bankman-Fried for a Joke
The dog-themed meme cryptocurrency Shiba Inu has flipped Solana — a proof-of-stake blockchain favored by institutional players — as traders balk at protocols associated with Sam Bankman-Fried, FTX’s e...
Nouriel Roubini says markets aren’t close to done falling in this bear market. Brace yourself for another 20% lurch—at least
Dr. Doom himself sat down with Fortune last week, and he said there are two outcomes for the stock market: bad and miserable. The S&P 500—an index of the leading publicly traded companies in the U...
Bitcoin losses continue after Binance quits FTX deal
Crypto markets continued to fall Wednesday, with news that Binance won’t buy FTX, fueling additional declines as U.S. equities markets closed. The day’s losses have been fueled by gr...
Gensler says FTX collapse is ‘part of a pattern’ in crypto markets
Gary Gensler, chairman of the Securities and Exchange Commission, said that Tuesday’s sudden FTX collapse is part of a wider trend in digital assets. “What we’ve seen in the last tw...
Bitmex to proceed with token launch, says no exposure to FTX
Crypto exchange Bitmex, which says it has no FTX or Alameda exposure, plans to launch a native crypto token for traders on Friday, regardless of market volatility amid the collapse of Sam Bankman-Frie...
Beyond Meat (BYND) Q3 2022 earnings
Beyond Meat “Beyond Burger” patties made from plant-based substitutes for meat products sit on a shelf for sale in New York City. Angela Weiss | AFP | Getty Images Beyond Meat on Wednesday...
Bumble, Rivian, Dutch Bros, FICO and more
The display outside the Nasdaq MarketSite is pictured as the dating app operator Bumble Inc. (BMBL) made its debut on the Nasdaq stock exchange during the company’s IPO in New York City, New Yor...
Record revenue, added contract wins
An Electron rocket launches from the company’s New Zealand facility on Nov. 4, 2022. Rocket Lab Rocket Lab delivered quarterly results on Wednesday that boasted record revenue, with the space co...
Coinbase and Kraken Exchanges At Times Unreachable as Markets Swing
Join Our Telegram channel to stay up to date on breaking news coverage Cryptocurrency exchanges are receiving much attention today following the liquidity issues facing the FTX exchange. Market anxiet...
Binance CEO says he didn’t ‘master plan’ FTX’s collapse
One day after news broke that Binance might acquire the non-U.S. assets of FTX amid a liquidity crunch, CEO Changpeng Zhao told staff that the near collapse wasn’t planned and would likely trigg...
Bitcoin drops 10%, Ark Invest dumps Robinhood for Coinbase
Crypto prices continued to sink in the wake of Tuesday’s FTX-driven selloff. That doesn’t seem to have scared off Cathie Wood, however, whose Ark Invest bought more than $21 million worth ...
US launches carbon offset program to help developing countries
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 Egypt’...
The Block: Lack of FTX buyer would leave ‘giant hole’ in crypto markets: Circle CEO
FTX’s collapse was “sort of a shock,” that spoke to the lack of public visibility into the company’s balance sheet, said Circle CEO Jeremy Allaire during a Wednesday appearance on CNBC. Asked wh...
Tropical Storm Nicole: Travel impact in Florida
This GOES-East GoeColor satellite image taken at 2:36 p.m. EST and provided by NOAA shows Tropical Storm Nicole approaching toward the northwestern Bahamas and Florida’s Atlantic coastline on Tu...
Binance’s rescue of FTX shows no crypto company is ‘too big to fail’
Binance CEO Changpeng Zhao speaking at a press conference during Web Summit 2022. Ben Mcshane | Sportsfile | Getty Images Binance’s agreement to salvage rival cryptocurrency exchange FTX from co...
Adidas warns of big earnings hit after ending Ye partnership
Kanye West at an event announcing a partnership with Adidas on June 28, 2016 in Hollywood, California. Getty Images Adidas on Wednesday cut its full-year guidance on the back of the German sportswear ...
Coinbase and Kraken experience limited services amid markets turbulence
Both Coinbase’s and Kraken’s platforms were down or experiencing intermittent latency issues on Nov. 8 amid market turbulence, according to users’ complaints on Twitter. The news followed the day’s ea...
We’re fed up after Disney’s terrible quarter and streaming losses. It’s time for some big changes
Disney (DIS) reported weaker-than-expected fiscal fourth-quarter results after the closing bell Tuesday. We are shocked and stunned by the poor performance, and we’re certainly not alone. The st...
Lionel Messi takes stake in NFT fantasy soccer game Sorare
Soccer star Lionel Messi has joined NFT trading platform Sorare as an investor and brand ambassador. Sorare Soccer star Lionel Messi is joining Sorare, the French nonfungible token trading game, as an...
Prediction Markets Split if Binance Will Pull Out of FTX Deal; Bitcoin Drops 11%
Bitcoin was recently trading at about $18,400, a more than 11% decline over the last 24 hours. The largest cryptocurrency by market capitalization last fell below $19,000 on Oct. 21. Ether was recentl...
Crypto Markets Bleed $130 Billion in 12 Hours
In one of the largest and fastest market crashes of the year, $132 billion has been wiped out of crypto assets. What is more remarkable is that this has happened over the past 12 hours. According to C...
FTX Bankruptcy Rumors Crash Markets- Top 3 Coins to Buy Pronto
Join Our Telegram channel to stay up to date on breaking news coverage Over the past couple of weeks, there have been rumours about FTX facing potential bankruptcy, which was initially slammed by comp...
Abu Dhabi Fintech Startup Raises $20 Million in Series B Funding Round – Emerging Markets Bitcoin News
Abu Dhabi-based fintech, Pyypl, announced on Nov. 7 that it had raised $20 million in Series B funding and this brought the total of funds raised to nearly $40 million. Pyypl has said it plans to use ...
The Block: Bitcoin mining stock report: Tuesday November 8
Most bitcoin mining stocks tracked by The Block declined on Tuesday after news that crypto exchange Binance will acquire FTX rocked the markets. According to data from TradingView, Bitcoin was t...
Analysis of Riot Blockchain’s Q3’22 Earnings
November 8, 2022, 5:06PM EST • 2 min read Quick Take Reported earnings November 7, 2022 and closed at $5.75 per share Mining cost as a percentage of sales doubled increased from 39.0% to 66.5% QoQ Ag...
Coinbase says it has no material exposure to FTX or FTT
Coinbase CEO Brian Armstrong aimed to ease jitters triggered by news that FTX would sell its non-U.S. assets to Binance amid a liquidity crunch by saying the exchange he runs has no material exposure ...
Opinion: Quality and high dividends set these five semiconductor stocks apart from rivals
It’s been a tough year in the stock market, but reserve some empathy for semiconductor investors. The iShares Semiconductor ETF SOXX, +2.20% is down 40.5% this year, compared with 19.6% for the benchm...