Cryptocurrency Analysis and News Portal
Despite Bitcoin (BTC) returning to pre-FTX collapse price levels, the contagion still affects the industry, forcing Coinbase cryptocurrency exchange to close operations in Japan.Coinbase officially announced on Jan. 18 that the firm will be terminating operations in Japan and conduct a complete review of its business in the country due
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The news of the mission’s failure did not augur well with the firm’s investors as reflected in its stock performance.Small satellites launcher Virgin Orbit Holdings Inc (NASDAQ: VORB) has recorded a massive slump in its share price following its failed space mission from the United Kingdom. As reported by CNBC,
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“While the challenging backdrop for the crypto settlement business was a factor in the worse than expected results being released, we also believe that concerns voiced by short-sellers (on Twitter) likely also contributed to Silvergate’s customers withdrawing deposits from the platform at a greater than anticipated level,” analysts led by
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Samsung has had a relatively tough year, one that has seeped into its stock performance.South Korean multinational tech giant Samsung Electronics Co Ltd (KRX: 005930) is set to report a significant slump in its fourth quarter (Q4) operating profit amid a broader plunge in the global economy. According to a
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“Crypto traders remain skeptical about holding their cryptos on exchanges,” said Edward Moya, senior market analyst at foreign exchange Oanda. “Coinbase has an uphill battle as many traders fixate over moving their cryptos to cold storage, as surging yields keep pressure on this space, and over an uncertain regulatory path,”
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The Bitcoin price has currently stabilized strongly around the $17,000 mark. However, the price could face further headwinds in the coming days, as the VIX exposes. The VIX is a real-time volatility index from the Chicago Board Options Exchange (CBOE). It was created to quantify market expectations of volatility. In doing so,
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This month, gold has outperformed bitcoin after crypto markets shuddered from the recent FTX collapse, and the precious yellow metal climbed 6.12% since the first of November. The U.S. housing market has shown weaknesses and October’s U.S. inflation rate was lower than expected. Analysts believe these economic trends contributed to
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Block, whose chairman and co-founder is Jack Dorsey, recorded an impairment charge of $2 million on its bitcoin investment during the third quarter. As of Sept. 30, the fair value of Block's bitcoin investment was $156 million based on “observable market prices,” which was $45 million greater than the carrying
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While the stocks have a bearish sentiment at this time, the projection for the future has been keeping many investors optimistic about the Chinese markets.The current Chinese political makeup has stirred a massive slump in the stocks of the top tech companies in the country. After Monday’s trading session, the
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Trivedi does offer some hope for dollar bears (and bitcoin bulls), suggesting it's possible the European economy strengthens from here, new leadership at the Bank of Japan (BOJ) could be more hawkish, and China may back off its zero-Covid policies – all of which might tend to put pressure on
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