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An industry organization controlled by the Chinese government has updated a list of topics users of video-sharing apps should avoid. Crypto-related content is now among the entries along with traditional taboos in China like mocking its leadership, provoking sectarianism, and showing sex. Clips on Crypto Trading, Mining Banned in China The China
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Bitcoin has been trending to the downside in the past weeks as investors grew more nervous about the macro-economic outlook. As of press time, BTC trades at $49,072 with a 2% profit in the past day. Related Reading | Kraken CEO Says Bitcoin Below $40k Is A Buying Opportunity BTC trends to
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On Friday, Joseph Delong, former chief technology officer of decentralized exchange, or DEX, SushiSwap, published a brief reflection of experiences during his tenure.Delong unilaterally resigned two days prior, citing internal structural chaos among developers behind the popular DEX. In explaining his decision, Delong outlined failures to scale operations, lack of
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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
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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
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Exchange-traded fund (ETF) issuer Direxion has withdrawn its application to the U.S. Securities and Exchange Commission (SEC) to list a short bitcoin futures fund.On Tuesday, Direxion requested the SEC to withdraw the ETF application it made on Oct. 26.SEC staff had asked for the filing be withdrawn on the day
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Direxion isn’t the only issuer hoping to put a creative spin on bitcoin futures ETFs. Tuesday, Valkyrie investments filed to offer an ever-so-slightly leveraged bitcoin futures ETF. It was one of two firms to launch the first bitcoin futures ETF products last week. Source
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Hedge fund manager Michael Burry, famed for forecasting the 2008 financial crisis, has confirmed that he has not been shorting cryptocurrencies, including bitcoin, despite speculations that he may have. His confirmation came after he recently asked how to short crypto. Michael Burry Says He Is Not Shorting Cryptocurrencies Famous investor and founder
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Hedge fund manager Michael Burry, famed for forecasting the 2008 financial crisis, thinks the dogecoin rival shiba inu token (SHIB) is “pointless,” criticizing its supply. The cryptocurrency skyrocketed 230% over the past week. Michael Burry Shares His View on Shiba Inu Token Famous investor and founder of private investment firm Scion Asset
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“Every healthy financial market needs a way for participants to take both sides of the market, and NFTs are no exception,” said Rachel Lin, CEO and co-founder of SynFutures. “By providing a way for users to take long or short positions in NFTs, we’re enabling more robust trading strategies that
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