Markets

Crypto exchange giant Binance has moved at least nine figures worth of its Bitcoin to a new blockchain address, the company announced on Monday.  The move has not affected the safety of user funds, which remain locked away with Binance in cold storage.  Massive Move From Binance’s Wallet According to data from Blockchain.com, Binance’s new cold storage wallet (as referenced by Binance) received 15,000 BTC at 05:47 am on Monday, worth $399 million.  The transaction included a...

Ray Wang, Constellation Research Principal Analyst, believes that due to market changes FAANG should be replaced with MATANA in stock ranking. In the ever-evolving tech world, the dominance of FAANG – Facebook Inc, now Meta Platforms Inc (NASDAQ: META), Apple Inc (NASDAQ: AAPL), Amazon.com Inc (NASDAQ: AMZN), Netflix Inc (NASDAQ: NFLX), and Google alongside its parent company Alphabet Inc (NASDAQ: GOOGL) – has been unquestionable. However, as the sector evolves, some experts suggest that...

Analysts at American multinational financial services giant JPMorgan said in a report that the Hinman documents released last week in the Securities and Exchange Commission’s legal tussle with the blockchain payments firm Ripple would likely trigger more decentralization in the crypto realm. The research report, seen by CoinDesk, further noted that the documents provide a significant advantage for ether (ETH), the second largest crypto asset by market cap. A Boost for Ether...

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up Mathieu Michel – the digital minister of Belgium – is confident that what the European Union (EU) has in store for bitcoin, crypto, and blockchain will be huge not just for the continent, but for the world. Mathieu Michel Discusses the Prospects of the EU’s Crypto Regulation Not long ago, the region of Europe...

According to reports, problems began at Wyre when it set withdrawal limits for user accounts, claiming the community’s best interests. Wyre, a prominent payments firm in the crypto industry, has recently planned toward the closure of its business as it plans to cease operations by the end of next month. As highlighted in a tweet, the company attributed this move to protecting the best interests of its key stakeholders and customers, citing market conditions as the primary motivator....

The meme coin space is constantly evolving – and 4-CHAN (4CHAN) is the latest token to experience significant price growth. 4CHAN has soared by 306% in the past four days, with many investors speculating that it could be the next meme coin to go viral, following in the footsteps of Pepe and Wojak. Investors are also paying attention to the new Wall Street Memes (WSM) token, which has now raised an incredible $8.4 million during its presale phase. 4-CHAN Token Receives a New...

Binance has been considering expanding its business to the UK and other regions due to the crackdown on crypto exchanges in the US.  Following its lawsuit with the United States Securities and Exchange Commission (SEC), the global leading digital asset service provider Binance has withdrawn its registration of Binance Markets Limited (BML) with the Financial Conduct Authority (FCA). Markedly, BML is the United Kingdom subsidiary of the global crypto exchange. With these latest...

The traditional firm could dominate the US digital asset space for a long time to come. Asset management firm Fidelity Investments is reportedly planning a major move that can potentially shake the cores of the crypto markets. According to WhaleChart, the firm has two major moves lined up and would be hoping to achieve one or both of them soon. The Monday morning announcement reads: “Fidelity Investments is preparing to apply for a Bitcoin ETF and submit an offer to acquire Grayscale.”...

Several Wall Street Banks, including Goldman Sachs, have cut their outlook on growth in China as the economy struggles. Leading global investment banking and management firm Goldman Sachs has joined several Wall Street banks to reduce its growth outlook for China. This downgrade comes as the East Asian powerhouse is experiencing a dwindling economy as it battles the effects of the coronavirus pandemic. Goldman Sachs reduced the growth outlook for China’s full-year 2023 GDP (gross...

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up Stellar lumen price is struggling below the $0.0850 resistance zone against the US Dollar. XLM price is now trading below $0.0820 and the 55 simple moving average (4 hours). There is a crucial bearish trend line forming with resistance near $0.0812 on the 4-hour chart (data feed via Kraken). The pair could...