Markets

CoinspeakerBritish Petroleum (BP) Reports 70% Drop in Profit in Q2 2023, Raises Dividends by 10% With falling commodity prices, BP and other oil giants faced significant headwinds taking a major hit on its profits during Q2 2023. British Petroleum (BP) Reports 70% Drop in Profit in Q2 2023, Raises Dividends by 10%

CoinspeakerBinance Unveils Sei as 36th Project on Its Launchpool Simultaneously, Binance has introduced CyberConnect (CYBER) as the 37th project on Binance Launchpool. Binance Unveils Sei as 36th Project on Its Launchpool

CoinspeakerBinance Reenters Japanese Market with 34 Tokens With 34 tokens, Binance will offer more coins than any exchange operating in Japan. Binance Reenters Japanese Market with 34 Tokens

Amid regulatory turmoil elsewhere, Binance’s Dubai affiliate, Binance FZE, managed to score an Operational Minimum Viable Product license from the Virtual Assets Regulatory Authority (VARA). Binance has now become the first crypto trading platform to receive Dubai’s Operational MVP license enabling it to offer services such as exchange and broker-dealer services. The company is permitted to serve only institutional and qualified retail investors for now. Binance’s Dubai...

Tether, the world’s largest stablecoin issuer, released an assurance report on Monday covering its financials as of June 30. The Q2 attestation showed that the issuer now holds over $3.3 billion in excess reserves to back its USDT tokens. Tether’s Massive Surplus As explained by Tether in an accompanying blog post, the issuer’s excess reserves stem from the profits generated by its existing reserves. These profits are not distributed to shareholders and are instead solely...

Robert Kiyosaki, an American businessman and author of the best-selling book Rich Dad, Poor Dad, believes the United States is broke as the country’s debt keeps increasing, countering claims that the world’s largest economy is strong. In a recent tweet, Kiyosaki called the media agency Wall Street Journal (WSJ) “numb nuts” because it failed to decipher whether the stock market was up due to President Joe Biden raising America’s debt ceiling. America is Broke: Kiyosaki...

CRV – the native token of the DeFi exchange Curve Finance – has plunged over 12% following the recent exploit on several stable pools of the project. However, the token’s price took a somewhat interesting trajectory on the leading South Korean cryptocurrency exchanges Bithumb and CoinOne, currently trading at a 510% and a 220% premium, respectively. Separately, Upbit (another major Korean digital asset platform) paused CRV deposits and withdrawals shortly after the latest...

Bitcoin’s price action has been relatively stagnant over the past few days. The market is still hanging around the $30K level, but this consolidation phase will not continue forever. Technical Analysis By: Edris The Daily Chart: On the daily chart, the 50-day moving average is currently holding the price around the $30K level. However, it has failed to push the market back above the $30K mark over the last few days. There is a probability for the price to break to the...

CoinspeakereToro Investors Cash Out $120M in Secondary Share Sale eToro planned to go public in 2022. However, a market downturn in equity and crypto prices forced the company to abandon its IPO plans. eToro Investors Cash Out $120M in Secondary Share Sale

CoinspeakerSoFi Technologies Reports Impressive Q2 2023 Earnings, Surpassing Expectations The company reported record-breaking new member additions, surpassing the 584,000 mark. SoFi Technologies Reports Impressive Q2 2023 Earnings, Surpassing Expectations