Meta joined Alphabet and Microsoft in releasing disappointing quarterly financials, following the company’s Q2 earnings call. In a week of a disappointment for mega-cap stocks, the trio has all missed revenue and earnings expectations, with Meta seeing its first quarterly sales decline ever recorded. Economic Slowdown Due to the current global economic slowdown, markets had …
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On Thursday, Foundry Digital LLC, the mining company and subsidiary of Digital Currency Group (DCG), announced the launch of Foundry Logistics in order to advance standards in the cryptocurrency mining industry. The newly launched arm of the company plans to “bridge the gap between hardware manufacturers and buyers by providing an all-in-one solution for mining …
press release PRESS RELEASE. Sango, the Central African Republic’s crypto-initiative, has set off a wave of excitement in the crypto space, fuelling curiosity and anticipation. Supported by a comprehensive Legal Framework, Sango will enable the creation of both the digital and physical infrastructure that would aid its development. SANGO will be partially backed by Bitcoin, …
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Harmony lost $100 million in Ether due to the bridge exploit one month ago. However, the Harmony to reimburse 4.97 billion drives a backlash. The Harmony developers have begun considering compensating the community for its financial losses. Therefore, the Harmony blockchain network’s creators have proposed issuing up to 4.97 billion of its native token ONE. …
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The Ethereum Classic price prediction is seen breaking above the $0.40 resistance level as the coin touches the all-time high. Ethereum Classic Prediction Statistics Data: Ethereum Classic price now – $39.8 Ethereum Classic market cap – $5.2 billion Ethereum Classic circulating supply – 136.0 million Ethereum Classic total supply – 210.7 million Ethereum Classic Coinmarketcap …
Seasoned trader Tone Vays is bearish on Bitcoin’s (BTC) near future, saying the Bitcoin chart looks “terrible” in the short term. In a new video from Tuesday, the analyst noted BTC “got rejected” by the 200-week moving average last week. BTC was trading at around $21,000 at the time of Vays’ video, the trader noting …
Chipotle is launching a new game that gives players the chance to win free Bitcoin (BTC), Ethereum (ETH), Avalanche (AVAX), Solana (SOL) or Dogecoin (DOGE). The fast food giant says the interactive game called “Buy The Dip” will give away more than $200,000 in crypto assets along with promo codes for 1-cent guacamole and queso …
A popular crypto analyst says he will buy the altcoins Polygon (MATIC), Cosmos (ATOM), Avalanche (AVAX), Concordium (CCD) and SKALE (SKL) as he anticipates a relief rally for the market. Michaël van de Poppe tells his 619,400 Twitter followers he is stocking up on altcoins that could give him 20 to 60X returns on investment. …
KuCoin CEO Johnny Lyu says that the digital asset exchange is launching a new fund to address fear, uncertainty, and doubt (FUD) along with misinformation in the crypto space. Earlier this month, Lyu had to address claims that KuCoin is facing financial troubles due to its exposure to embattled crypto projects. The executive denied the allegations …
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Three United States senators have written to Fidelity Investments CEO Abigail Johnson demanding an explanation for the financial services company’s decision to include Bitcoin-exposed funds in its 401(k) retirement plans. “This decision is immensely troubling,” they wrote. Democrats Dick Durbin, Elizabeth Warren and Tina Smith sent their letter Tuesday. The letter, which is around a …
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Ether’s (ETH) 53% rally between July 13 and 18 gave bulls an edge in July’s $1.26 billion monthly options expiry. The move happened as Ethereum developers set a tentative date for the “Merge,” a transition out of the burdensome proof-of-work (PoW) mining mechanism. Ether USD price index, 12-hour chart. Source: TradingView According to some analysts, …
Senator Sherrod Brown, chair of the Senate Banking Committee, has penned letters to the CEOs of Google’s parent company Alphabet and Apple calling for the tech firms to provide information on the ways they prevent certain apps from promoting crypto scams. According to the letters published on Thursday, Brown asked Apple CEO Tim Cook and …
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The proliferation of cryptocurrencies around the world has been driven by different use-cases, with key differences becoming apparent between developed and emerging market environments. Lou Yu, who heads up KuCoin Labs, tackled the subject after a keynote address during the second day of Blockchain Economy Istanbul in Turkey. In an exclusive interview with Cointelegraph, Yu …
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The second-largest digital asset by market cap, ETH spikes 14% amid optimization in the crypto market. Most of the bullish trend is driven by the cryptocurrency market’s showing signs of resilience, such as when Bitcoin (BTC), the most popular cryptocurrency, stayed above the critical $22,000 support level for a short time. Despite the recent increase …
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Summary: A digital wallet belonging to Axie Infinity CEO allegedly moved $3 million worth of AXS to Binance before the announcement of the $600 million exploit on the Ronin Bridge. Crypto Youtuber, Asobs, was the first to spot the significant AXS transaction from the wallet. Sky Mavis’ spokesperson has explained that the AXS was moved …
