Crypto news

The fact that Adidas was bold enough to cut its ties with Ye is considered a positive deterrent and a strong message, particularly to superstars who exhibit racist tendencies.German multinational clothing, shoes, and accessories brand Adidas AG (ETR: ADS) has ended its corporate partnership with Ye, also known as Kanye West, over the rapper’s anti-semitic rhetoric. The cutting of ties has been devastating for Ye as Forbes noted that the deal halt has cost him his billionaire status.“Adidas...

An internal document has shown that the number of active users on Twitter is continuously reducing and could affect revenue.According to information obtained by Reuters, Twitter (NYSE: TWTR) is in a bit of a bind as it is struggling to retain its most active users. The number of most active users, or “heavy tweeters” is declining, a major challenge for the social media platform.Reuters says internal Twitter research shows that heavy tweeters post more than 90% of all tweets even though they...

Microsoft provided weak guidance on its next fiscal quarter primarily due to its lagging cloud business Azure.Shares of Microsoft (NASDAQ: MSFT) declined 7% in Tuesday’s extended trading after the company projected weak quarterly guidance. On its latest earnings call, the tech giant reported that its fiscal first quarter had cloud revenue coming in lower than expected. However, Microsoft beat analysts’ expectations on the top and bottom lines.For instance, the tech giant reported a revenue...

The new NFT custody platform from Seba Bank is designed to let users securely store their NFTs without having to deal with managing their own private keys.Seba Bank has launched its first NFT service, an institutional-grade, certified, and independently audited hot and cold storage custody product for blue-chip NFTs.The new service will now enable the Swiss bank’s retail and institutional clients to store tokens of Ethereum-based NFT collections including Bored Apes and CryptoPunks in the...

A phishing scammer who goes by the name – Monkey Drainer – has reportedly stolen 700 ETH worth over $1 million, as per on-chain sleuth ‘ZachXBT.’ The two largest victims – 0x02a and 0x626 – collectively lost $370k after signing transactions on malicious phishing sites operated by the perpetrator. One of the victims, 0x02a, reportedly lost 1 Bored Ape Yacht Club (BAYC) collection, 1 CloneX, 36,000 USDC, and 12 other non-fungible tokens (NFT) totaling around $150,000. The other...

Elon Musk has also made a bold prediction that the global recession will continue until near 2024 Bitcoin halving.Bitcoin has been in a bearish mode for some time with Peter Brandt, founder and CEO of proprietary trading firm Factor LLC predicting that the asset could trade between $17,000 and $23,000 till next year and a half before staging a bull run into new all-time highs. The current bear market has been linked to interest rate hikes to address the rising inflation, and it is unknown...

Alphabet’s ad revenue from YouTube tanks by 2% against market expectations. The GOOGL stock price has slipped once again under $100 this year.During the aftermarket trading session on Tuesday, October 24, shares of Alphabet (NASDAQ: GOOGL) dropped nearly 7% on weaker-than-expected Q3 2022 earnings.Alphabet and Its Performance in Q3 2022The company’s revenue growth slowed to 6% from 41% a year ago as the company sees a major dip in online ad spending. This also turns out to be the weakest...

Solana price started a decent increase from the $26.80 support against the US Dollar. The price is now trading above $29.50 and the 55 simple moving average (4-hours). There was a break above a major bearish trend line with resistance near $29.50 on the 4-hours chart of the SOL/USD pair (data feed from Coinbase). The pair must clear $32.00 and $32.50 to continue higher in the near term. Solana price is trading above $30 against the US Dollar, similar to bitcoin. SOL...

Bitcoin price started a fresh increase above the $20,000 zone against the US Dollar. The price is now trading above $19,500 and the 55 simple moving average (4-hours). There was a break above a key bearish trend line with resistance near $19,200 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase). The pair could continue to rise if there is a clear move above $20,400 level. Bitcoin price is rising above $20,000 against the US Dollar. BTC might gain bullish...

Hashed CEO and an early backer of the ill-fated LUNC token, Kim Seo-joon, failed to appear before a South Korean congressional inquiry into the crash. He cited “mental conditions” as the reason for his absence from South Korea’s National Assembly’s Political Affairs Committee, which he supposedly developed since the spectacular $40 billion wipeout in May 2022. Kim Seo-joon No-Show at Hearing According to a recent report, the exec revealed to have been “under extreme stress”...