Crypto news

Bird’s second-quarter earnings in 2023 showed a 19% year-over-year reduction in average rides per vehicle daily. Shared micromobility company Bird is downsizing again. The details were contained in an email sent to the entire company by interim CEO Michael Washinushi. “Regrettably, today we need to reduce our headcount in order to achieve our broader goals and to ensure that the entire organization can sustain itself and continue its mission,” admitted he. Bird’s interim CEO noted that the...

Hayes based his bullish prediction on several key factors. He pointed to the potential economic downturn and financial crisis, which could lead to near-zero interest rates, creating favorable conditions for Bitcoin’s growth. Cryptocurrency expert and former Bitmex CEO Arthur Hayes has expressed strong optimism regarding the future of Bitcoin. During an interview on Tom Bilyeu’s YouTube channel, he suggested that Bitcoin’s value could skyrocket to between $750,000 and $1 million by 2026....

Doosan Robotics had an impressive IPO with shares jumping more than 100%, making it South Korea’s biggest trading debut so far this year. Shares in South Korean collaborative robot (cobot) Doosan Robotics jumped significantly from their initial public offering (IPO) price upon their trading debut on Thursday. Doosan Robotics shares began trading at 59,100 won, an increase of more than 127% from the initial IPO price of 26,000 won. At its highest point, Doosan shares climbed to 67,000 won...

The launch of the VC fund in Hong Kong highlights the country’s rising role as a crypto haven. CMCC Global, a crypto-focused venture capital (VC) company, has successfully raised $100 million to offer equity investments to early-stage blockchain startups across Asia with a particular interest in Hong Kong, its home country. In an interview with the South China Morning Post, the company’s co-founder Martin Baumann said the inaugural funding round for the fund, called Titan Fund, concluded...

The TON Foundation has formed a strategic partnership with MEXC, aiming to advance global Web3 accessibility and reduce entry barriers. Decentralized blockchain platform The Open Network (TON), initially designed by Telegram, has recently secured major funding from the crypto exchange MEXC. Venture Capital arm MEXC Ventures has pumped a total of 8 figures into TON, as per the announcement on Wednesday, October 4. As a result of the funding, TON Foundation has entered into a strategic...

Zuger Kantonalbank’s customers can invest in a range of leading cryptocurrencies including Bitcoin, Ethereum, XRP, Polygon and Uniswap: Sygnum’s fiat-digital-asset gateway enables them to conveniently buy and trade cryptocurrencies via Zuger Kantonalbank’s e-banking and mobile banking app. Assets are secured by Sygnum’s multi- custody solution and held off balance sheet, eliminating all counterparty risk towards Sygnum. The 131-year-old financial institution, based in Switzerland’s Crypto...

EOS price started a downside correction from the $0.620 zone against the US Dollar. The price is now trading below $0.600 and the 55 simple moving average (4 hours). There is a key bullish trend line forming with support near $0.572 on the 4-hour chart of the EOS/USD pair (data feed from Coinbase). The pair could continue to move down if it stays below the $0.586 and $0.600 resistance levels. EOS price is declining below $0.600 against the US Dollar, like Bitcoin....

Litecoin is slowly moving higher from the $63.00 support against the US Dollar. LTC price is now trading below $65.50 and the 55 simple moving average (4 hours). There is a key bearish trend line forming with resistance near $65.00 on the 4-hour chart of the LTC/USD pair (data feed from Coinbase). The pair could gain bullish momentum if it clears the $65.00 and $65.50 resistance levels. Litecoin price is recovering from the $63.00 zone against the US Dollar, like...

TL;DR The SHIB Telegram admin account was compromised, leading to a fraudulent BONE token airdrop announcement. Vet Kusama alerted the community about the fake token distribution, urging people not to click on related links. Shiba Inu community members are advised to be cautious, as there are consistent threats from scammers impersonating legitimate projects and figures. Another Warning The Shiba Inu community has to be utterly cautious once again since the SHIB Telegram...

With jury selection finished, FTX co-founder Sam Bankman-Fried’s (SBF)’s trial is officially underway, with prosecutors and defense lawyers delivering their opening statements on Wednesday. During his remarks, SBF’s lawyer Mark Cohen asserted that the former exchange tycoon “didn’t defraud anyone,” instead pointing the finger at Binance CEO Changpeng Zhao (CZ) for causing a “run on the bank at FTX.” SBF Was “Just A Math Nerd” As summarized by Inner City Press on Wednesday,...