Markets

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up Bitcoin has been doing quite well as of late. The currency just hit $30K for the first time in about 11 months, and everyone is on pins and needles about where the world’s number one digital currency will do next. The Bitcoin Price Hikes Are Leading to More Hodling The asset is doing so well, in fact, that...

For Q1 2023, Xiaomi sold far fewer smartphones than in the first quarter of last year due to waning demand.  Xiaomi Corporation recently posted its Q1 2023 earnings report, which saw its revenue plunge 18.9% amid a wane in global smartphone demand. On Wednesday, the Chinese consumer electronics designer and manufacturer reported first-quarter sales of 59.5 billion yuan ($8.61 billion). Xiaomi’s Q1 2023 sales figure was roughly in line with the 59.43 billion yuan analysts expected for the...

Crop commodities, including orange juice, are bullish following several underperforming weeks and could hit record highs May-ending.  Orange Juice futures climbed 29% this year and is fully recovering following the volatility that succeeded its record highs. The world benchmark FCOJ (Frozen Concentrated Orange Juice Futures) contract remains firmly rooted among raw materials with double-digit gains for 2023. Amid this development, agriculture-focused financial services provider Rabobank...

WaaS (Wallet as a Service) reportedly employs cutting-edge multi-party computing (MPC) technology to safeguard the private keys of its users. Coinbase has announced that it released and launched a new Web3 wallet solution dubbed “Wallet as a Service” (WaaS) on the Ethereum mainnet. The new service, a version of the crypto firm’s cloud product, went live on May 23 and utilizes a multi-party computation (MPC), according to a Twitter announcement from a software developer at the company. The...

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up Tron price started a fresh increase from the $0.0710 level against the US Dollar. TRX price is now trading above $0.0765 and the 55 simple moving average (4 hours). There is a major bullish trend line forming with support near $0.0742 on the 4-hours chart (data feed via Kraken). The pair could continue to move...

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up Bitcoin price is attempting a fresh increase from the $26,000 zone against the US Dollar. The price is now trading near $27,100 and the 55 simple moving average (4 hours). There was a break above a key bearish trend line with resistance near $27,100 on the 4-hour chart of the BTC/USD pair (data feed from...

A Reuters report on Tuesday suggested that Binance – the world’s largest cryptocurrency exchange – comingled billions of dollars worth of customer assets with its corporate revenue in 2020 and 2021, obscuring the whereabouts of their money.  Binance’s Chief Communications Officer Patrick Hillmann responded by calling the story “weak” and xenophobic but admitted that Binance has had “regulatory shortcomings” in the past. Reuters’ Claims The initial Reuters report cited...

A United States Court has granted a motion to dismiss a lawsuit alleging Binance’s involvement in a pig butchering scam that stole roughly $8 million from its victim. According to a recent filing with the U.S. District Court for the Eastern District of Texas, Judge Amos Mazzant granted Binance’s motion to dismiss the case for lack of personal jurisdiction and the plaintiff’s failure to state a claim. An $8M Pig Butchering Scam A pig butchering scam involves criminals luring...

Alibaba Cloud has emerged as an early IPO candidate and will reportedly pursue a 7% staff layoff amid its ‘streamlined’ restructuring.  The cloud arm of Chinese e-commerce giant Alibaba Group (NASDAQ: BABA) has begun a layoff set to affect 7% of its total workforce. Sources describe the downsizing as part of broader measures to prepare Alibaba’s cloud division for a spinoff. Furthermore, sources add that the new standalone company would ultimately pursue an initial public offering (IPO)....

For the past two weeks, Bitcoin has maintained its range-bound price movement. However, there are several indicators pointing toward an imminent breakout. Technical Analysis By Edris The Daily Chart The price has been consolidating within a narrow range on the daily timeframe for the last 7 days. This consolidation follows the market’s downward rejection at the $30K resistance level and the subsequent breakdown of the 50-day moving average of around $29K. Currently, the...