Markets

Aside from a brief pump and dump of around $500 yesterday, bitcoin has remained relatively stagnant at just under $27,000. Although generally more volatile by nature, the altcoins have also failed to produce any significant moves in the past day. Injective is among the few exceptions. Bitcoin Stalls Below $27K After the enhanced volatility at the end of last week, which resulted in BTC dumping to a two-month low of under $26,000, the cryptocurrency has been trading with a lot...

As Hong Kong takes center stage in the regional crypto business, local firms are trying to expand their customer base. One such firm, HashKey Group, is reportedly raising up to $200 million in funding to tap new opportunities. HashKey Eyes $200 Million in Funding Targeting a more significant share of the Asian crypto market, Hong Kong-based crypto financial service provider HashKey Group plans to expand its operations. The crypto investment fund is reportedly in early-stage...

Sportswear and footwear retail company Foot Locker took a beating in its Q1 2023 report after sustaining an 11% drawdown in revenue.  Foot Locker Retail Inc (NYSE: FL) plunged 25% following a big earnings miss in the Q1 2023 outing. For the first quarter of 2023, the sportswear and footwear retailer reported revenue of $1.93 billion versus the $1.99 billion analysts expected. In addition, the company realized earnings per share of 70 cents adjusted versus 81 cents expected. Following...

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up The picture above is a return test chart of a quantitative strategy. Before the back test week is 2021 to 2023, 25 months, the rate of return is as high as 7869%, which is equivalent to an annualized rate of return of 3779%, which is the annualized rate of return. The rate is close to 40 times. It’s time to...

Well, the past week had some exciting developments to offer, at least in certain segments of the market. The broader capitalization barely increased by around $5 billion, currently standing shy of $1.2 trillion. This came on the back of a relatively flat performance of major cryptocurrencies, but some altcoins managed to surprise. Let’s dive in. It’s been a back-and-forth with Bitcoin this week. The cryptocurrency was trading at around $26,500 this time last week and managed...

A topic as old as time, if time was a few years old – will Ethereum flip Bitcoin in terms of total market cap? Will ETH overtake BTC? This has been the “to be or not to be” in the cryptocurrency industry, and it pins communities against each other like no other. It’s true that BTC has been the predominant market leader ever since it has been created, but a few years ago, who would have thought that another cryptocurrency would have a market cap worth over 40% of Bitcoin’s?...

[PRESS RELEASE – Please Read Disclaimer] Finblox, a leading crypto superapp backed and supported by behemoths like Dragonfly and Sequoia, is delighted to announce the remarkable success of its recent token launch, defying current market conditions and generating a trading volume exceeding 2 million USD in the first 12 trading hours. Preparation for the ICO Leading up to the listing, Finblox witnessed impressive participation from the crypto community across various partner...

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up The price of bitcoin rose to $30,000 in mid-April for the first time since June of last year. The asset is now up roughly $14,000 from where it was at the end of 2022, which was arguably the worst year on record for the world’s number one digital asset by market cap. Bitcoin Just Keeps Shooting Up Of course,...

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up Bitcoin cash price started a fresh decline below the $120 zone against the US Dollar. The price is now trading below the $118 zone and the 55 simple moving average (4 hours). There was a break below a key bullish trend line with support at $116.00 on the 4-hour chart of the BCH/USD pair (data feed from...

Ripple announced the acquisition of Swiss-based crypto custody provider Metaco, marking the blockchain firm’s expansion across the growing institutional crypto custody market. The deal, worth $250 million, surfaces as Ripple continues to defend against the long-drawn lawsuit from the US Securities and Exchange Commission. Ripple Acquires Metaco Ripple is expected to ramp up its enterprise offerings providing customers the technology to custody, issue, and settle any type of...