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The wild session comes at a time when BTC and ETH prices have been surging amid Wall Street's burgeoning interest in crypto. Both cryptos surpassed round-number milestones they haven't seen recently. BTC topped $36,000 and then $37,000 for the first time since May 2022 – and almost reached $38,000 –
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Large-scale pump and dump from whales caused the OX token price to plummet by 50% momentarily before rising back again. On Monday, Oct. 2, Open Exchange Token (OX) suddenly went down by 50%, from 0.013 to 0.0092, in a matter of minutes. However, the token regained its 50% value within just
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“One of the greatest challenges when tokenizing RWAs is interfacing between TradFi and blockchain infrastructure. Backed solves this by leveraging Chainlink’s decentralized price feeds.” Backed’s tokenized real-world assets can now be accessed on BNB Chain, Arbitrum, Fantom, Avalanche, Gnosis, Polygon, and Ethereum, with more to come. Original Source
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Hedging activity of market makers, who are always on the opposite of investors' trade, seems to have kept prices rangebound off late. Source
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Glassnode, a prominent analytics firm, has recently shared its insights on Twitter regarding the price dynamics of bitcoin, the leading cryptocurrency by market cap. According to Glassnode analysis, bitcoin has displayed exceptional stability over the past
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Regulators in the United States have a fresh target on their radar: Binance. The Commodity Futures Trading Commission (CFTC) has sued the world’s biggest crypto exchange by trading volume for regulatory violations. Accusations range from insider trading to concealing office locations around the world to evade authorities’ oversight. Binance denies the
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On March 28, Canadian investment firm Galaxy Digital, operated by blockchain personality Mike Novogratz, disclosed that it had achieved a preliminary pre-tax income of $150 million from Jan. 1, 2023, to March 24, 2023. The results followed a $1 billion net loss in 2022, which was largely attributed to a $659
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Recently, the crypto market has gotten into a tight tunnel as prices keep decreasing. Most crypto assets are moving to the south
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Bitcoin (BTC) saw major volatility after the Nov. 8 Wall Street open as turmoil over crypto exchange FTX punished markets further.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBinance hints at plan to buy FTXData from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting $19,244 on Bitstamp, marking the pair’s lowest levels in two
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This means that these gains and losses would directly hit these companies’ earnings. The other choice would be to have companies record the swings in the value of their crypto holdings in “other comprehensive income,” which wouldn’t impact earnings. Source
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