Crypto exchange Coinbase saw a huge fall in its transaction revenues in the third quarter after activity fell amid a broader market downturn, but managed to cut its losses in half compared to the prior quarter. In its shareholder letter released Nov. 3, the company shared that transaction reven had fallen from $655.2 million in …
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A local report from South Korea claims that the country’s prosecutors have obtained evidence to suggest Terraform Labs co-founder Do Kwon had onceordered an employee to manipulate the price of Terra Luna Classic (LUNC). A report by Korean Broadcasting System (KBS) on Nov. 3 quotes an official from the South Korean Prosecutors Office, who said …
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There appear to be some intriguing coins in the global cryptocurrency market, as seen by Arweave jumping off the bears’ board by more than 60% […] Go to Source
The Canadian federal government is set to launch a consultation on cryptocurrencies, stablecoins, and Central Bank Digital Currencies (CBDCs) as revealed in its new mini-budget. The government’s “2022 Fall Economic Statement” released on Nov. 3 by Deputy Prime Minister Chrystia Freeland works as a fiscal update in conjunction with its main yearly budget. The statement …
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Analytics software company Microstrategy says its Bitcoin (BTC) impairment charge in Q3 of 2022 only amounts to $700,000, far less than the $65 million charged during the same period last year. At the firm’s latest earnings call, Microstrategy senior executive vice president and chief financial officer Andrew Kang says the company incurred nominal impairment charges …
The largest crypto exchange platform by volume in the world is reportedly looking into the benefits of acquiring banks. According to a new report by Bloomberg, Binance is weighing the pros and cons of purchasing banking institutions as traditional finance becomes increasingly interconnected with the digital assets industry. Binance CEO Changpeng Zhao says that the …
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Digital asset platform Bakkt has entered into an agreement to acquire Apex Crypto, LLC from Apex Fintech Solutions, Inc. According to the agreement, Bakkt is expected to acquire Apex Crypto for the price tag of $200 million, making its first payment of $55 million at the closing of the deal. The transaction will likely be completed by the …
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Third-party data breaches have exploded. The problem? Companies, including cryptocurrency exchanges, don’t know how to protect against them. When exchanges sign new vendors, most just innately expect that their vendors employ the same level of scrutiny as they do. Others don’t consider it at all. In today’s age, it isn’t just a good practice to …
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Hydro-Québec, the firm managing electricity across the Canadian province of Quebec, plans to reallocate energy supplied to crypto mining firms. According to a Nov. 3 tweet from Canadian lawmaker Pierre Fitzgibbon, the government will request a decree from the energy board to release the company from its obligation to power crypto miners in the province. …
Swiss investment bank UBS AG introduced its hybrid digital bond on Nov. 3, claiming to be the world’s first publicly traded bond that’s settled on both blockchain-based and traditional exchanges. According to the bank, the digital bond has the same instrument structure, legal status and rating as a traditional UBS AG senior unsecured note. In …
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The Bitcoin price prediction shows that BTC slumps below the resistance level of $20,390 as further downside momentum appears to be imminent. Bitcoin Prediction Statistics […] Go to Source
FTX token price prediction remains bearish as FTT could not break its previous session’s losing streak. FTT drew some additional offers around the $24 mark due […] Go to Source
Despite the bearish crypto market, the TON price forecast remains bullish as TON has been performing very well, with the coin increasing by more than […] Go to Source
Coinbase has posted a net revenue of $576 million for Q3, missing estimates by 9%. Increasing interest in foreign exchanges and declining trading volume have led to a decrease in revenue. Retail participation has dropped by 56% YoY, while the percentage of Bitcoin holdings has decreased by 11% QoQ. The exchange has inked strategic partnerships …
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Multinational investment bank Standard Chartered announced a financial commitment to JP Morgan-backed blockchain protocol, Partior. With the investment, Partior will gain support from the financial institution to enhance its international outreach. This development will allow Partior to broaden its currency offerings beyond the first slate of eight global currencies – USD, SGD, GBP, EUR, AUD, …
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