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Bitcoin price pause. Why the recent trend suggests there will be a big spike on Friday.
Text size Bitcoin climbed to its highest level since last summer in a rally that spanned early 2023. Time to dream bitcoin and other cryptocurrencies were largely suspended on Friday, holding on to levels reached after the recent rally. The recent trend in the crypto options market suggests that there could be a spike in […] More
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Former Central Banker: Cryptocurrency Brings Inherent Governance Problems
Like many in the financial world, Carolyn Wilkins, a former deputy governor of the Bank of Canada, was dismayed by the mismanagement that led to the collapse of the FTX cryptocurrency trading platform. However, while much can be said about the specific missteps of those associated with the company, she said the incident reflects broader […] More
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in BlockchainOneSpan buys Australian blockchain technology provider ProvenDB
OneSpan Inc. (NASDAQ: OSPN), a digital agreement security firm, today announced it has agreed to acquire ProvenDB, an Australian startup that provides blockchain-based secure storage and document storage to provide industry-leading trust. model for contracts and documents with a high degree of certainty. ProvenDB will extend OneSpan’s cloud-based transaction platform to both public and private […] More
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FTX’s lenders include Goldman Sachs, The New York Times, and Netflix.
New York CNN — Recently disclosed bankruptcy filings have revealed thousands of creditors owed money by FTX following the collapse of the once-mighty crypto exchange in November. Wall Street heavyweights including Goldman Sachs and JPMorgan were included in a list of lenders that includes businesses, charities, individuals and others in a 116-page document filed late […] More
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Tesla continues to lose money on its bitcoin holdings
Text size Tesla CEO Elon Musk has been a strong supporter of cryptocurrencies. Frederick J. Brown/AFP via Getty Images Tesla continued to hold on to its digital assets in the midst of a brutal bear market, with the electric vehicle maker recording write-offs of its bitcoin holdings after a turbulent fourth quarter. Elon Musk’s company […] More
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Tesla (TSLA) Earnings for Q4 2022
Tesla founder Elon Musk at Offshore Northern Seas 2022 in Stavanger, Norway on August 29, 2022. Karina Johansen | NTB | via Reuters Electric vehicle maker Tesla reported earnings after the call, surpassing both earnings and revenue. Shares rose more than 5% after CEO Elon Musk said the company could produce 2 million vehicles this […] More
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The Bitcoin rally is based on low trading volume. This increases the risks.
Text size Bitcoin trading volume in January is about 31% lower than in the same period last year. Time to dream bitcoin soared by 37% since the beginning of the year, fully offsetting its losses after the closure of the FTX cryptocurrency trading platform. But there are good reasons why investors shouldn’t chase a rally. […] More
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in BlockchainAngelo Babb explains how the financial world is innovating with blockchain
There is no doubt that blockchain is a new reality that promises to revolutionize the governance of the financial and digital worlds in the foreseeable future. Thanks to complex coding and encryption, this technology allows you to transfer data and capital in a completely secure way. Angelo Babb, cryptography expert, explains how blockchain […] More
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in NFTLeague Of Legends company blackmailed with hacked source code
Image: riot game Tuesday, riot game announced that the source code for both League of Legends and Team battle tactics was stolen and that he would not pay the ransom demanded by the hackers to return it. This is the latest data breach at major gaming companies and means both games could become increasingly vulnerable […] More
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“Bitcoin has started a new bull market.” The next key price level to keep an eye on.
Text size Bitcoin has gained over 30% in weeks amid a broader rally in risk assets. Time to dream bitcoin and other cryptocurrencies were suspended on Monday after digital assets soared to their highest levels since August over the weekend. When cryptocurrency prices returned to pre-FTX catastrophic levels, some traders are calling it a new […] More
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Former Genesis executives raised money for crypto hedge fund ahead of bankruptcy
Just weeks before crypto lender Genesis filed for bankruptcy, three former employees of the company received millions of dollars for a new cryptocurrency hedge fund, according to correspondence viewed by CNBC. Matt Ballenweig, who left Genesis in September after more than five years with the firm, emailed a potential investor in mid-December regarding a fund […] More
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Bitcoin falls after a big rally. It can get ugly.
Text size Bitcoin prices look vulnerable to losses after the momentum from the recent rally faltered. Time to dream bitcoin and other cryptocurrencies fell on Thursday, falling along with the stock market as investors worry about the prospect of a recession. The big digital asset rally last week, which had little fundamental support, will now […] More
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