Crypto news

Sportswear and footwear retail company Foot Locker took a beating in its Q1 2023 report after sustaining an 11% drawdown in revenue.  Foot Locker Retail Inc (NYSE: FL) plunged 25% following a big earnings miss in the Q1 2023 outing. For the first quarter of 2023, the sportswear and footwear retailer reported revenue of $1.93 billion versus the $1.99 billion analysts expected. In addition, the company realized earnings per share of 70 cents adjusted versus 81 cents expected. Following...

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up The picture above is a return test chart of a quantitative strategy. Before the back test week is 2021 to 2023, 25 months, the rate of return is as high as 7869%, which is equivalent to an annualized rate of return of 3779%, which is the annualized rate of return. The rate is close to 40 times. It’s time to...

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up A new report has emerged talking about what it was that really led to the destruction and collapse of the FTX digital currency exchange. Why Did FTX Really Fall? Everyone would like to think it was heavy corruption or something similar, but per the words of the report, it was merely “hubris and greed.” Hubris...

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up We are here with exciting news! Working on the blockchain, Xrp Classic is nearing the end of their blockchain, which they call Classic Chain. Classic Chain is configured using the powerful and reliable Proof of Authority protocol. Xrp Classic is proud to share the results of closed beta tests and in this...

Well, the past week had some exciting developments to offer, at least in certain segments of the market. The broader capitalization barely increased by around $5 billion, currently standing shy of $1.2 trillion. This came on the back of a relatively flat performance of major cryptocurrencies, but some altcoins managed to surprise. Let’s dive in. It’s been a back-and-forth with Bitcoin this week. The cryptocurrency was trading at around $26,500 this time last week and managed...

The British government has undertaken a focused approach in revamping its semiconductor industry and will capitalize on its strengths such as designing and producing non-silicon chips, and intellectual property rights.  On Friday, May 19, Great Britain announced support of £1 billion ($1.2 billion) for its semiconductor industry. With this move, the United Kingdom joins the race with the US and EU to boost its domestic chipmaking capabilities and reduce its dependence on foreign players....

The integration helps Opera users navigate the Web3 industry through MultiversX with the help of EGLD coins. The Opera browser, one of the leading internet browsers with more than 300 million users across its mobile and desktop platforms, has announced a successful integration with MultiversX (EGLD), a metaverse-centric blockchain formerly known as Elrond. Following the integration, Opera users can download the configuration via a dedicated link to enable the access of features like...

A topic as old as time, if time was a few years old – will Ethereum flip Bitcoin in terms of total market cap? Will ETH overtake BTC? This has been the “to be or not to be” in the cryptocurrency industry, and it pins communities against each other like no other. It’s true that BTC has been the predominant market leader ever since it has been created, but a few years ago, who would have thought that another cryptocurrency would have a market cap worth over 40% of Bitcoin’s?...

[PRESS RELEASE – Please Read Disclaimer] Finblox, a leading crypto superapp backed and supported by behemoths like Dragonfly and Sequoia, is delighted to announce the remarkable success of its recent token launch, defying current market conditions and generating a trading volume exceeding 2 million USD in the first 12 trading hours. Preparation for the ICO Leading up to the listing, Finblox witnessed impressive participation from the crypto community across various partner...

Amid financial scrutiny, UK fintech giant Revolut faces rejection for its long-running banking license application.  Revolut is facing a possible rejection of its UK banking license application submitted to the Bank of England (BoE). The British neobank’s long-standing application for a UK banking license appears to be in jeopardy and could cause a big blow to the company’s operational growth plans. Revolut has been campaigning for a license for two years, with high-ranking executives...