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The price of Stellar (XLM) rebounded 15% versus its arch-rival XRP (XRP) two days after the XLM/XRP pair set a record low of 0.181.Notably, the XLM/XRP pair rose to its intraday high of 0.20 XRP on March 31, a move that coincided with a decoupling between Stellar and XRP in
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Huawei has also stepped into booming China’s EV industry by launching vehicles in partnership with Seres. Chinese technology corporation Huawei posted its biggest annual decline in profit in 2022. The company said it has never experienced such a decline in yearly profit as it did last year. According to Huawei,
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The number of daily transactions on Arbitrum rose to a new record high of 1,312,052 on Wednesday, surpassing the previous peak of 1,103,398 reached on Feb. 21, according to data source Arbiscan. The Ethereum mainnet processed around 1.08 million transactions. Source
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European crypto startups raised a record $5.7 billion in VC funding last year, up from $5 billion in 2021, according to the latest State of European Crypto VC Funding report. The investment cycle followed the global trend of peaking in the second quarter and declining sharply in the first quarter
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Amazon is reducing costs and headcounts, considering the “uncertainty that exists in the near future” and the unstable economy. E-commerce giant Amazon (NASDAQ: AMZN) has announced the additional layoff of 9,000 workers extending its recent record job cuts. The company announced in January that it would dismiss some staff, no less
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Adobe reported revenue of $4.66 billion, up 9 percent YoY, against an estimated $4.62 billion by Wall Street. Adobe Inc (NASDAQ: ADBE), an American multinational computer software company, reported its financial results for the first quarter of fiscal 2023 which ended on March 3. During the first quarter, Adobe reported earnings
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The previous high of $24.3 billion occurred in May 2021, when bitcoin was worth roughly $65,000 and ether $4,400. Source
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“While the outflows are the largest on record, they aren’t when expressed as a percentage of total assets under management, that record was on May 2019,” the report said. A full $52 million of outflows that May represented 1.9% of AUM, according to CoinShares. Source
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Cryptocurrency investment products lost 10% of assets under management last week as institutional investors rushed for the exit during the latest episode of market volatility prompted by the Silvergate and Silicon Valley Bank collapses.Digital asset investment products registered $255 million in outflows for the week ending March 12, marking the
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Compared to the $110 billion recorded in 2021, the Saudi Arabian oil giant’s net income took a significant leap by growing over 46% YoY in 2022. The Saudi Arabian Oil Group, also known as Aramco, announced its largest annual profit in 2022. The state-controlled oil giant posted a record net
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