By BRUCE KAMICH Oct 18, 2022 | 01:45 PM EDT Stocks quotes in this article: MSFT In past market cycles the announcement of layoffs by a public company has at times marked a price low for the company...
Tag: news
ETH Lower, as USD Gains Following Strong Q3 Earnings – Market Updates Bitcoin News
Ethereum was back below the $1,300 level on Wednesday, as the U.S. dollar rose following better than expected quarterly earnings. So far this earnings season, Netflix, Bank of America, and others have...
Hacker Steals $1m from Multi-Chain Crypto Wallet BitKeep
BitKeep’s token swap service was attacked on Monday by an unknown hacker. The multi-chain crypto wallet was robbed of $1 million in crypto tokens. The users who were robbed had approved their to...
India’s Shardeum Closes $18.2M Seed Funding Round, Valuation at $199M
India-based Shardeum ended its $18.2 million seed funding, raising a valuation of $199 million. According to Sharedeum, co-founded by Indian exchange WazirX’s founder and blockchain architect Om...
Eswatini Central Bank Partners With German Firm to Explore CBDC – Bitcoin News
Eswatini recently became the latest African country to jump on the central bank digital currency (CBDC) bandwagon after its central bank selected Giesecke Devrient, a Germany-based technology firm, as...
Hong Kong to Propose Statutory Licensing Regime for VASPs: CE John Lee
Chief Executive of HKSAR John Lee delivered his first policy address Wednesday, indicating that the administration has proposed a bill to establish a statutory licensing regime for virtual asset servi...
EU to Target Crypto Miners’ Power Usage as Union Relies Less on Russian Energy – Mining Bitcoin News
Authorities in Brussels are taking steps to reduce power consumption, including in cryptocurrency mining, as the EU faces limited energy supplies from Russia, the reliance on which it has been trying ...
Bitcoin’s Volume Dominates Performance More than Volatility, Cumberland Suggests
Even though some analysts have stipulated that Bitcoin’s volatility is a cause for concern, crypto trading firm Cumberland believes volume is what matters the most. Cumberland stipulated that Bitcoin ...
Bitcoin Braces for Deeper Bear Market as Fed Eyeing Another Big Rate Hike
The US Federal Reserve is considering a higher-than-expected interest rate hike next month as inflation persists, according to the New York Times. “Federal Reserve officials have coalesced aroun...
Ethiopia Orders Banks to Reject Requests for Foreign Exchange to Buy ‘Non-Priority Products’ – Africa Bitcoin News
The Ethiopian government has instructed banks to reject requests for foreign currency to buy so-called non-priority products. The Ethiopian Minister of Industry Melaku Alebel Addis has defended the mo...
EU Commissioner Urges US to Create New Crypto Rules — Says ‘We Need to Look at Global Regulation of Crypto’ – Regulation Bitcoin News
The European Commission’s commissioner for financial services has reportedly urged U.S. lawmakers to establish new rules to regulate the crypto industry. “We do need to see other players also legislat...
Chainsafe Raises $18.75m to Advance Adoption & Sustainable Growth in Web 3
Canadian-based Blockchain research and development firm Chainsafe has raised $18.75 million in oversubscribed Series A funding backed by prominent industry venture firms, including a Canadian venture ...
Bank of America and JPMorgan Say US Economy Is Doing Well, Consumers Are in Good Shape Despite Inflation – Economics Bitcoin News
Bank of America CEO Brian Moynihan and JPMorgan & Chase CEO Jamie Dimon both agree that the U.S. economy is doing well and consumers are in good shape. “The consumers basically have more money in ...
$8.4m Exploit Breached from DeFi Lending Protocol Moola Markets
Another exploit hits the crypto industry with roughly $8.4 million stolen from Moola Markets, a non-custodial liquidity and lending protocol built on the mobile-first Celo blockchain. According to Res...
Biden Says US Economy Is ‘Strong as Hell’ — White House Claims the President ‘Has Done the Work’ to Fix Inflation – Economics Bitcoin News
U.S. President Joe Biden has been criticized for stating that the U.S. economy is “strong as hell” as inflation rises to a 40-year high. Meanwhile, the White House claims that Biden understands and “h...
Winners, News And Notes On The Tuesday Night War
WWE NXT and AEW Dynamite go head-to-head in the Tuesday Night War. Credit: Wrestlingheadlines.com WWE NXT and AEW Dynamite went head-to-head on Tuesday for a one-off that will forever be known as the ...
Japanese Firms to Launch New Web3 Game CAPTAIN TSUBASA RIVALS
Japanese game developers Thirdverse Group and BLOCKSMITH&Co. announced Tuesday for their collaboration to release a new Web3 game called “CAPTAIN TSUBASA RIVALS” by the end of this yea...
France’s 3rd Largest Bank Societe Generale’s Subsidiary Obtains Registration as Digital Asset Service Provider – Regulation Bitcoin News
Societe Generale-Forge, a subsidiary of France’s third-largest bank, has obtained registration with the Autorité des marchés financiers (AMF), the French financial markets regulator, as a digital asse...
Bitcoin Added to the Guinness Book of World Records as the ‘First Decentralized Cryptocurrency’ – Bitcoin News
Since 1955 Guinness World Records (GWR) has published a reference book annually that covers world records from extreme natural events to human achievements. This year, Bitcoin has entered the fray as ...
While ETHW Has Lost 35% in 2 Weeks, PoW Network’s Defi TVL Swelled by More Than 1,200% – Defi Bitcoin News
Since the cryptocurrency launched ethereumpow (ETHW) has seen spot market prices decline by close to 12% during the last seven days. Despite the fact that during the last two weeks ETHW has shed 35% i...
Crypto Mining May be Sacrificed as EU Continues to Battle Energy Crisis
The European Commission is preparing the minds of leaders in its member states as they may need to halt cryptocurrency mining on their shores should the strain on the energy industry in the region dem...
Register Here for Our Weekly Technical Analysis Update – Promoted Bitcoin News
After a turbulent summer, the “Crypto Winter” has begun, as volatility in the market remains rife, with prices of tokens fluctuating on a daily basis. Recent moves have seen bitcoin (BTC) move below $...
German Crypto Neobank Nuri to Sets Date to Close its Business
Nuri, a cryptocurrency-focused German Neobank has set December 18 as the date it will stop access to its platform and find ways to liquidate its assets. In an open letter to its workers, key stakehold...
Bankrupt Crypto Hedge Fund Three Arrows Capital Probed by SEC, CFTC for Possible Legal Violations – Bitcoin News
Reports indicate that the bankrupt crypto hedge fund Three Arrows Capital (3AC) is facing more trouble from liquidators and financial authorities from the U.S. Securities and Exchange Commission (SEC)...
UK Launches Global Crypto Law Review as it Considers Legal Reforms
The Ministry of Justice of the British Government has backed a project that will be undertaken by the Law Commission of England and Wales which seeks to understand how legal issues relating to crypto ...
Biggest Movers: MATIC Climbs to 5-Week High, ATOM Extends Recent Gains – Market Updates Bitcoin News
Polygon was one of Tuesday’s notable gainers, as the token rose to its highest point since mid-September. Today’s surge saw prices of the cryptocurrency rise for a third straight session. Cosmos also ...
Bitcoin Traders Patiently Wait for ‘Uptober’ — Historical Prices Show BTC Gained 10 out of 13 Octobers – Markets and Prices Bitcoin News
In recent times bitcoin’s volatility has been the lowest it’s been since 2020 and after last month’s market downturn, crypto enthusiasts expected a reversal in October. In fact, bitcoin has seen gains...
Interpol Team Based in Singapore to Help Countries Combat Crypto Crime – Bitcoin News
A special team established by Interpol in Singapore will assist governments around the world in the fight against crimes involving virtual assets, the international police body announced ahead of its ...
BTC, ETH Move Past Key Resistance Levels on Tuesday – Market Updates Bitcoin News
Bitcoin was trading at its highest level in the past five days on Tuesday, as prices rose past a key resistance point. Ethereum also rallied to a similar milestone earlier in today’s session, as crypt...