Markets

SpaceX has become one of the most valuable companies in the United States, dominating the market for commercial space launch services, primarily due to the success of its Falcon rockets.  Elon Musk‘s aerospace company SpaceX is in discussions to sell insider shares via a new tender, potentially valuing the privately held firm at around $175 billion, as reported by Bloomberg on Thursday, citing people familiar with the matter. According to the report, the company plans to sell approximately...

According to the U.S. Attorney’s Office for the Eastern District of New York, Anatoly Legkodymov, the co-founder of Bitzlato, a Hong Kong-registered virtual currency exchange, has entered a guilty plea for money laundering charges. Initially arrested in Florida, Legkodymov’s case was transferred to New York. Bitzlato Founder Pleads Guilty In a press release dated December 6, 2023, the U.S. Department of Justice (DoJ) disclosed that Legkodymov is responsible for “transporting...

In a bid to attract more institutional investors to the upcoming platform, One Trading plans to provide free trading on all cryptocurrency pairs listed on the exchange.  Cryptocurrency exchange One Trading, formerly known as Bitpanda Pro, has announced plans to introduce its new trading venture that aims to offer users swift digital asset trading experience in the coming weeks. Scheduled to debut at an undisclosed date in the next few weeks, the company said its F.A.S.T platform will...

The crypto community is buzzing with excitement as Bitcoin continues to soar to new heights. Its rally is injecting life and capital into the entire market, prompting investors to find the best ways to diversify their holdings. In this rollercoaster ride, let’s take a look at BTC’s recent rally, witness the double-digit gains of $SHIB and $PEPE, and also follow the journey of Galaxy Fox’s presale heading to $500K. BTC Rally Invigorates the Market On December 6, the OG of...

After a consolidation period near the $1,500 mark, Ethereum buyers returned to the market, successfully reclaiming the $2K resistance region. However, following a notable surge, ETH has encountered a crucial price range, and it’s currently struggling to overcome it. Technical Analysis By GreatestTrader Over the past two months, Ethereum has enjoyed a positive trend, consistently moving upward. Accordingly, the increased buying pressure facilitated the surge above the...

At present, the training and operation of AI models is restricted to large tech companies. Crypto has the potential to help create multi-sided, global, permissionless markets where anyone can contribute data and be compensated for it. Venture capital firm Andreessen Horowitz (a16z) has released its “big ideas” for 2024, with its crypto arm composing a list of trends to look forward to in crypto in 2024. The list contains trends that the firm’s crypto partners are looking forward to across...

On Dec. 5, Coinbase unveiled changes to its Web3 wallet to make the product more user-friendly and streamlined. One of the biggest updates was the introduction of the ability to send funds using a text message on popular social media messaging platforms such as WhatsApp and Telegram. In a company blog post, the firm said that users can now instantly send money to friends and family worldwide for free directly within messaging and social media apps by sharing a link from...

TL;DR Massive ETH Whale Movement: A dormant ETH whale moved $90 million worth of ETH to Kraken, signaling potential selling pressure on the market. Market Impact: The transfer could affect ETH’s market by at least 2%, with implications for Kraken’s trading depth and broader market dynamics. Crypto Market Trends: The event aligns with increased whale activity and a bullish trend in altcoins, indicating a possible shift in market behavior. Massive Crypto Whale Wakes Up,...

Bitcoin (BTC) has climbed back to $44,000 for the first time in 19 months – nearly three years since first reaching that value in February 2021. That doesn’t mean the asset is stagnant, however: on-chain analysis finds that much has changed about the nature of the crypto market, painting a much more bullish outlook this time around. Bitcoin at $44k: Then VS Now According to leading Glassnode analyst James Check, $44,000 marked the “absolute zenith of on-chain mania” back in...

Mortgage rates are expected to continue their downward trend in December. The US mortgage market is witnessing a resurgence in refinance demand, marked by a substantial 14% increase in applications. According to a CNBC report, this surge is attributed to a recent drop in mortgage rates, bringing them down to their lowest point since August. After a robust 8% rise in October, US mortgage rates are again approaching the 7% mark. This decline is proving to be a catalyst for the refinance...