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Tesla CEO Elon Musk was one of those who shared his sentiments on the likelihood of a recession next year.The shares of American multinational electric car manufacturer Tesla Inc (NASDAQ: TSLA) are seeing marginal growth in the Pre-Market today after the stock recorded a bumper session on Wednesday. Investors went on
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The enterprise blockchain space, which doesn’t seem to experience the same bullish and bearish market cycles as public crypto, is now feeling a change in the broader economic climate, particularly in areas like shipping; this is one of the reasons TradeLens is closing shop, according to Lars Jensen, CEO of
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Bitcoin (BTC) firms’ shares are a major “buy” for asset manager ARK Invest in the midst of the FTX meltdown.The latest data confirms that ARK continues to up its holdings of both exchange Coinbase (COIN) and the Grayscale Bitcoin Trust (GBTC).Cathie Wood buys the dipWith FTX contagion still rippling through
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The largest Bitcoin (BTC) institutional investment vehicle is coming under suspicion as it trades at a record discount.The Grayscale Bitcoin Trust (GBTC) is the latest Bitcoin industry entity to feel the heat from the debacle over defunct exchange FTX.FTX woes see Coinbase pledge trust in GBTC ownerWith contagion and fears
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The long-anticipated plans by the Australian Securities Exchange (ASX) to use blockchain to bring its clearing and settlements system into the 21st century have just been canceled.In a Nov. 17 statement, ASX announced it had paused all current activities of its “CHESS replacement project” following an independent review from technology
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The collapse of cryptocurrency exchange FTX has put industry peers under the microscope with calls for transparent accounts of token holdings and assets under management.Major cryptocurrency exchanges like Binance, Huobi, OKX and Crypto.com have made efforts to share details of their assets and portfolios to assuage the wider space. This
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Data shows while Bitcoin has been correlated with the US stock market for some time now, the two haven’t moved in tandem recently. Bitcoin Correlation With US Stocks May Be Weakening As BTC Has Been Moving Differently As pointed out by an analyst in a CryptoQuant post, BTC has gone down in
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Stocks of Nasdaq-listed Riot fell 4.87% in pre-market trading on Tuesday, after U.S. Bitcoin miner Riot Blockchain on Monday reported weaker revenues in the third quarter of this year as other major miners struggle with liquidity issues.See related article: World’s largest Bitcoin miner Core Scientific’s stock tumbles amid liquidity crisisFast
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Though the crypto winter seems to be over, its impact on Bitcoin and the crypto market still lingers. Several crypto-related firms have
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The crypto winter that began in early 2022 has resulted in several financial issues, including Bitcoin mining firms. Many crypto firms have
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