Crypto news

Scaramucci stated that it was more likely that FTX, once valued at $32 billion, would end up selling its software and licensure before opening under a new brand.  Skybridge Capital founder Anthony Scaramucci does not think the defunct crypto exchange FTX can be revived any time soon. The financier and former White House communications director explained that many exchanges were not making much money under current market conditions. “I don’t see how it’s possible to restart FTX. Not a lot...

With Q1 over, the CEO is confident that Philips will deliver on its plan for 2023. Shares of multinational conglomerate corporation Philips (NYSE: PHG) popped 12.72% at the pre-market trading on Monday as the company released its Q1 2023 financial results. The company recorded gains after reporting higher adjusted EBITA and sales during the first quarter. Adjusted EBITA increased by 8.6% to EUR 359 million. Meanwhile, the company saw EUR 243 million, or 6.2% of sales, in Q1 2022. According...

With all the predictions, it appears that Bitcoin may truly be getting ready for a long rally. Flagship cryptocurrency Bitcoin could climb as high as $100,000 by the end of next year, according to Standard Chartered. If that level is reached, it would mark a 270% surge from Monday’s level of just over $27,000 that CoinMarketCap data shows. According to Standard Chartered‘s report, the so-called “crypto winter” is over, and from all indications, Bitcoin is set to go on a gaining...

In this week’s Q1 tech earnings reports, investors look for signs of staying power amid a recession-threatened economy.  Tech earnings will make up a significant portion of corporate Q1 earnings this week, in the second week of quarterly reports. Investors will be paying close attention to Amazon (NASDAQ: AMZN), Microsoft (NASDAQ: MSFT), and Alphabet (NASDAQ: GOOGL) in a packed week. Investors may also take cues from these corporate reports to determine the fiscal landscape as the Fed...

A wallet that participated in Ethereum’s initial coin offering (ICO) in 2016, which remained dormant since then, has finally woken up after seven years and seven months. According to a tweet by on-chain analysis firm Lookonchain, the address transferred one ether (ETH) to a new address about 13 hours ago, marking its first transaction. The crypto community speculates that it is a test transaction. However, the ICO wallet has not made any other transactions since. At the time...

The weekend saw the broader correction within the cryptocurrency market continue, and most projects failed to stage any sort of recovery. Bitcoin’s price is declining toward $27K and, at the time of this writing, is trading slightly above it. The past 24 hours offered no relief to altcoins as well, with most of them continuing their downfall. Let’s dive in. Bitcoin Price Struggling Around $27K The beginning of the new week has done little to help Bitcoin in its attempt to...

KuCoin’s Twitter account was briefly compromised, causing the platform’s users to lose over 22,000 USDT to hackers through fake activity. The crypto exchange was able to recover its account and promised to reimburse affected users. KuCoin revealed that hackers took over its Twitter account for 45 minutes to promote a fake activity on Monday, April 24. While the incident was brief, the company said that it identified 22 transactions in connection with the fraudulent activity,...

Die ETC Group, Anbieter von unter anderem Europa´s größtem Bitcoin-ETP (ETPs sind börsengehandelte Produkte, die die Performance von Kryptowährungen nachbilden) –, wollte es genauer wissen und hat eine ausführliche Analyse mit Musterportfolios über die letzten fünf und zehn Jahre durchgeführt. Die schwelende Bankenkrise hat dem Bitcoin 2023 ein Comeback beschert: Seit Jahresanfang ist der Kurs bereits um mehr als 80 Prozent gestiegen. Und...

Stellar lumen price is showing bearish signs below the $0.100 resistance zone against the US Dollar. XLM price is now trading below $0.100 and the 55 simple moving average (4 hours). There is a key bearish trend line forming with resistance near $0.1020 on the 4-hour chart (data feed via Kraken). The pair could start another decline if it fails to recover above the $0.100 resistance. Stellar lumen price is trading below $0.100 against the US Dollar, similar to Bitcoin....

Ripple price started a fresh decline from the $0.540 zone against the US dollar. The price is now trading below $0.500 and the 55 simple moving average (4 hours). There was a break below a key bullish trend line with support near $0.5100 on the 4-hour chart of the XRP/USD pair (data source from Bittrex). The pair could extend losses if it stays below the $0.500 resistance zone. Ripple price is struggling below $0.500 against the US Dollar, similar to Bitcoin. XRP price...