Cryptocurrency Analysis and News Portal
Pascal Gauthier, CEO and chair of hardware crypto wallet manufacturer Ledger, has announced the firm will be reducing its staff by 12%.In an Oct. 5 blog post, Gauthier said the staff cuts had been made “for the longevity of the business,” citing the 2022 bear market and the collapse of
Read More
Ether (ETH), the second largest crypto in market value, followed a similar path to BTC, dipping around the time of the BitGo announcement via Twitter but then regaining ground to recently change hands near the $1,900 threshold it reached on Wednesday for the first time since the beginning of June.
Read More
Crypto venture capital investments were on the rise for the second month in a row in May despite the generally declining economic backdrop. Funding amounts surged 34% from April, and the number of individual deals jumped 62%, according to data from Cryptox Research’s Venture Capital Database.Though inflation in the United
Read More
Bitcoin (BTC) traders saw continued downward pressure after the 5.5% decline in BTC price on March 7. Increased odds of further interest rate increases by the Federal Reserve and regulatory pressure in cryptocurrencies explain some of the movement.Financial markets showed signs of stress as the inverted bond curve reached its
Read More
EV makers Lucid, Nikola, and Lordstown saw their stock decline mostly owing to disappointing failures regarding their production figures. Three electric vehicle (EV) startups that went public via special purpose acquisition companies (SPAC) recently fell short of their projected 2022 goals. According to reports, EV companies Lucid Group Inc (NASDAQ:
Read More
German banking powerhouse Deutsche Bank sustained a Q4 2022 slide in shares even though it took higher profit. Deutsche Bank recently saw its shares slide despite its 10th consecutive quarterly profit achievement. The German multinational investment bank and financial services platform reported a $1.8 billion euro ($1.98 billion) net profit in Q4 2022 attributable
Read More
Undoubtedly, 2022 was one of the worst years for Bitcoin (BTC) buyers, primarily because the asset’s price dropped by 65%. While there were some explicit reasons for the drop, such as the LUNA-UST crash in May and the FTX implosion in November, the most important reason was the U.S. Federal
Read More
2022 was a tough year for crypto assets, and as the world welcomes 2023, the macroeconomic backdrop remains uncertain. Macroeconomic events will continue to shape the crypto economy and the economy as a whole. This editorial takes a look at the top three macroeconomic events to keep an eye on
Read More
The European stocks have experienced more headwinds in the past few months after the Kremlin imposed an indefinite oil cut-off to Eurozone countries.European stocks are set to close 2022 on a bearish sentiment as global markets prepare to close trading later today. Fueled by the ongoing Russia-Ukraine war, record high
Read More
“Crypto is now on that list of thoughtful, innovative, disruptive technologies and it's viewed as sort of high risk by the average retail trader,” Jablonski said. “So what happens is they get this bad news, they sort of take it in, and lo and behold, the price of Bitcoin falls.” Source
Read More