Crypto news

The recent work stoppage by the United Auto Workers (UAW) union impacted the company’s ability to meet its financial targets. On Thursday, October 26, Ford Motor Co (NYSE: F) reported its Q3 2023 earnings while missing Wall Street expectations. The company has been restructuring its operations and regrouping after the conclusion of nearly six weeks of US labor strike that cost the company a staggering $1.3 billion. Ford in Q3 2023 In the third quarter, Ford reported a shift to net income,...

While the prospect of a Bitcoin ETF is undoubtedly exciting, it is essential to acknowledge the potential challenges and roadblocks that may surface. The crypto community is abuzz with anticipation as the US Securities and Exchange Commission (SEC) considers multiple filings for spot Bitcoin (BTC) Exchange Traded Funds (ETFs). SEC Chair Gary Gensler recently revealed that the regulatory body has between eight to ten such filings on its plate for consideration. Bitcoin’s Rally and Market...

Bitcoin cash price started a downside correction from the $270 zone against the US Dollar. The price is now trading above the $240 zone and the 55 simple moving average (4 hours). There is a key contracting triangle forming with support at $242 on the 4-hour chart of the BCH/USD pair (data feed from Coinbase). The pair could continue to move down if it breaks the $242 and $240 support levels. Bitcoin cash price is declining from the $270 zone against the US...

TL;DR BitPay partners with Banxa, expanding global payment methods for purchasing digital assets. Users can utilize regional banking options, including iDEAL in the Netherlands and SEPA in Europe. Ripple (XRP) and Shiba Inu (SHIB) see significant price surges recently. The cryptocurrency payment application – BitPay – announced on X (Twitter) that it had joined forces with the settlement provider Banxa. The initiative enables BitPay clients across the globe to purchase...

FTX founder Sam Bankman-Fried testified for the first time during his own fraud trial on Thursday, in what expert onlookers are calling a “hail mary” to rescue himself from conviction. The examination pertained to scandalous private Signal messages he’d shared with his former colleagues, and whether or not he was ever authorized to delete such messages. Skimming the Terms of Service As reported by CNN, Bankman-Fried argued that using heavily encrypted messaging apps like...

TL;DR Ripple’s CTO posts a frog image on Twitter, sparking interest among Pepe Coin enthusiasts. PEPE sees a significant surge, likely influenced by a recent token burn of $6 million worth of assets. Broader bullish crypto trends, highlighted by Bitcoin’s rise, might also contribute to PEPE’s growth. Ripple’s Chief Technology Officer – David Schwartz – posted a somewhat mysterious picture on X (Twitter) that caused PEPE bulls to chip in. The reason behind their activity is...

Prices for FTX Group claims have seen a notable uptick following revelations that the bankrupt crypto exchange is considering proposals from three potential buyers for its inactive exchange. FTX claims’ valuations now range between 50 and 53 cents on the dollar, an increase from last week’s low-to-mid 40 cents range. Cherokee Acquisition Reports Rise in FTX Claim Values Cherokee Acquisition, a firm specializing in brokering bankruptcy claims, has recently reported a surge in...

Sygnum, the world’s first digital asset bank, today announces an innovative new private debt asset token with Float, a Stockholm-based Capital-as-a-Service company. Fasanara Capital, one of Europe’s largest credit funds in fintech, is acting as senior lender. The Float Token is a private debt asset token launched by Float in partnership with Sygnum Bank on the Polygon blockchain. Exclusively available to Sygnum clients, it provides a unique opportunity to invest into a private debt portfolio...

Meta Platforms Inc.’s ambitious pursuit of the metaverse concept, championed by CEO Mark Zuckerberg, continues to come at a staggering financial cost. In its recently released third-quarter earnings report, Meta disclosed that its Reality Labs division, responsible for developing metaverse-related technologies, recorded an operating loss of a colossal $3.7 billion. The revelation underscores the steep financial toll of Meta’s foray into virtual reality (VR) and augmented...

TL;DR Uphold offers 20,000 XRP giveaway for eligible US trades of at least $20; initial reward was 10,000 XRP. The incentive follows Uphold’s partnership with Ripple to improve cross-border payments. XRP trades at around $0.56, close to its recent peak of $0.58. Doubling the Reward The US-based cryptocurrency exchange – Uphold – disclosed on X (Twitter) that one of its users will get the unique chance to win 20,000 XRP tokens (equaling over $11,000 at current rates). Those...