Cryptocurrency Analysis and News Portal
Bitcoin (BTC) rebounded to near $50,000 on Dec. 5 as traders continued to take stock of recent events.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewData from Cryptox Markets Pro and TradingView followed a less volatile BTC/USD as it rose to $49,777 on Bitstamp before consolidating.Fresh off a crash to $41,900 early Saturday,
Read More
Cryptocurrency exchange Kraken will support the popular, Ethereum-based memecoin shiba inu (SHIB), which is expected to begin trading Tuesday, the company said in a blog post on its website Monday.The announcement comes less than a month after Kraken failed to fulfill a promise in listing SHIB after its crypto platform
Read More
Trading platform eToro will be limiting crypto assets Cardano (ADA) and TRON (TRX) for U.S. customers starting in December due to “business-related considerations in the evolving regulatory environment,” according to a statement on its website.The statement, published Tuesday, said that users in the U.S. will “no longer be able to
Read More
Hong Kong-based cryptocurrency miner BIT Mining (BTCM) said fourth-quarter revenue will fall 10% to 20%, as its mining pool business, BTC.COM, completely exited the Chinese market.“The company is working on solutions with its existing users in China, such as migrating such users’ mining machines to overseas markets, so that they
Read More
Yesterday, funding rates fell below zero in a market sentiment reset as Bitcoin’s price declined following its new all-time high. Bitcoin Funding Rates Briefly Fell Below Zero Yesterday As per the latest weekly report from Arcane Research, the funding rates have plummeted following a spike around when BTC made a new ATH.
Read More
This year, the Sky Mavis-crafted blockchain game Axie Infinity has seen incredible growth and has recently surpassed $3 billion in all-time sales. However, researchers at Naavik explain in a recent study that Axie Infinity players called ‘scholars’ are seeing daily earnings drop, and many have seen earnings dip below the
Read More
Publicly traded crypto firm Bakkt (NYSE: BKKT) posted a net loss of $28.8 million in Q3, versus a net loss of $18 million year-over-year.Additionally, Bakkt had an operating loss of $29.9 million in the third quarter, compared to a loss of $17.7 million year-over-year. Shares fell about 7% in premarket
Read More
Bitcoin (BTC) remains bullish but has “one more leg down” to complete before a resurgence, one trader argues.In an analysis on Nov. 10, popular Twitter account Crypto Ed said that the pullback from this week’s all-time highs above $68,500 was turning out to be deeper than anticipated.Target $65,000 for Bitcoin“Going a
Read More
As for its outlook, Coinbase said that “while we entered Q3 with softer crypto market conditions, driven by low volatility and declining crypto asset prices, market conditions improved meaningfully later in the quarter which we have continued to see into early Q4.” Original Source
Read More
PayPal’s (PYPL) adjusted earnings per share of $1.11 for the third quarter came in ahead of the analyst consensus estimate of $1.07, according to FactSet. But the company also posted revenue of $6.18 billion in the third quarter, which was short of estimates of $6.23 billion. Source
Read More