Markets

The team overseeing the bankruptcy process has put forward a new plan to distribute the remaining assets to affected creditors. The proposal aims to give creditors back up to 90% of their holdings at the time of FTX’s collapse. Cryptocurrency exchange FTX has introduced an amended proposal to return a substantial portion of funds to creditors impacted by the company’s bankruptcy last November. The Troubled FTX Exchange FTX, once one of the largest crypto exchanges, filed for bankruptcy...

Bank of America, once expected to be a major beneficiary of rising interest rates, has faced unexpected challenges in 2023. In a recent earnings report, Bank of America Corp (NYSE: BAC) showcased its resilience and financial strength, surpassing analysts’ expectations for the third quarter of the year (Q3 2023). Exceeding Earnings Expectations The North Carolina-based banking giant reported robust earnings per share and impressive revenue figures, further cementing its reputation as one of...

A new report notes that AI has brought trillions in good fortune to tech giants in the United States, like Microsoft, Apple, and Amazon. The ongoing AI explosion has benefited several tech companies in the US, adding trillions to their market capitalizations in a year. According to a venture capital firm Accel report, AI has helped US tech giants increase their valuations by $2.4 trillion. Tech Giants Enjoy AI Boom Accel published its annual Euroscape Report, noting the benefits tech...

Coinbase noted that the recent action is part of its efforts to enhance overall market health and consolidate liquidity. One of the world’s largest crypto exchanges Coinbase Global Inc (NASDAQ: COIN) has been taking measures in order to boost liquidity on the platform. As a result of this, Coinbase has suspended a total of 80 non-USD trading pairs. This includes cryptocurrencies like Bitcoin, stablecoins, and fiat currencies like Euro. Coinbase recently announced the removal of several...

The US stock futures were slightly down early this morning as the third-quarter earnings season gained momentum. According to reports, futures tied to the Dow Jones Industrial Average (INDEXDJX: .DJI) lost 46 points, or 0.13%, S&P 500 Index (INDEXSP: .INX) fell 0.13%, and Nasdaq 100 futures were also down 0.12%. US Stock Futures: Monday’s Optimistic Performance During Monday’s primary trading session, the major stock averages managed to close in the green, defying expectations as...

ADA price is attempting a fresh increase above the $0.250 zone against the US Dollar. The price is now trading above $0.250 and the 55 simple moving average (4 hours). There is a key rising channel forming with support near $0.2485 on the 4-hour chart (data feed via Coinbase). The price could gain bullish momentum if it clears the $0.2550 and $0.2580 levels. Cardano price is holding the $0.250 support against the US Dollar, like Bitcoin. ADA price could gain...

Ethereum price is eyeing an upside break above the $1,640 resistance against the US Dollar. ETH price is now trading above $1,575 and the 55 simple moving average (4 hours). There was a break above a major bearish trend line with resistance near $1,560 on the 4-hour chart (data feed from Coinbase). The pair could climb further if it stays above the $1,560 support zone. Ethereum price is consolidating above the $1,560 level against the US Dollar. ETH/USD could rise...

The cryptocurrency sector is no stranger to turbulence, but specific tokens are consistently in the spotlight amidst the chaos. BNB (BNB) and Shiba Inu (SHIB) are tokens that continue to captivate the crypto community with their unique propositions. This article will explore the price outlook for BNB and SHIB amid the ongoing market fluctuations and also delve into the potential role of Tradecurve Markets (TCRV) in leading the next bull market. >>Visit The Tradecurve...

Binance burned about 2.13 million BNB coins during the last three months thus bringing the total coins removed from circulation to about 50.2 million units. Binance, a leading blockchain ecosystem with the largest centralized cryptocurrency exchange by Bitcoin’s daily traded volume and globally registered users, has announced the completion of the 25th quarterly auto-burn of its native coin BNB. According to the announcement, about 2,139,182 BNB, worth over $453 million, has been removed...

Since November 2021, the cryptocurrency market has been experiencing a decline – the crypto winter. Although the declines have eased, many analysts have forecasted an extension of the winter. In this extension, how will two top projects, Dogecoin and BNB perform? Meanwhile, Everlodge continues to defy the bearish trend, rallying to $0.020. Visit the Everlodge presale and win a luxury holiday to the Maldives Dogecoin Team Issues Warning To Community Members The official...