Markets

The crypto mining sector is falling apart, and miners are being hit from all angles at the time of writing. Crypto Mining Is Beginning to Crash and Burn To be fair, the prices of many mainstream digital assets – such as bitcoin, the world’s number one digital currency by market cap – have remained relatively still over the past few weeks. While things are nowhere near as solid as they were a year ago, volatility has remained relatively low in the autumn and winter months compared to where...

The TON Foundation’s rescue fund will help projects experience liquidity problems amid the recent collapse of the crypto exchange FTX.The TON Blockchain platform, initially developed by social media giant Telegram, is now on a new journey in the crypto space. On Wednesday, November 30, the stewards of the TON network announced a new rescue fund with an initial commitment o $126 million.The TON network said that the fund will help projects experience liquidity problems amid the recent collapse...

Tesla CEO Elon Musk was one of those who shared his sentiments on the likelihood of a recession next year.The shares of American multinational electric car manufacturer Tesla Inc (NASDAQ: TSLA) are seeing marginal growth in the Pre-Market today after the stock recorded a bumper session on Wednesday. Investors went on a buying spree pushing the share price to $194.70 atop a 7.67% growth on Wednesday as Federal Reserve (Fed) Chairman, Jerome Powell hinted at the Brookings Institute that the...

Volta recently closed under 50 cents for the first time as a public company due to a cash crunch and the possibility of stock delisting.EV charging startup Volta (NYSE: VLTA) saw its shares close below 50 cents for the first time since its public listing last year. This recent relative stock underperformance could be attributable to several factors affecting the electric car charging company. They include a cash crunch as well as the possibility of a stock delisting.Volta stock briefly...

The Huobi Advisory Board will evaluate all Poloniex projects on a monthly basis beginning today.Cryptocurrency exchanges Huobi and Poloniex have finally announced an official partnership after denying media rumors. According to the official announcement, the two exchanges have entered into a ‘strategic partnership’ geared towards multiple cooperation. At the top list of priorities for the strategic partnership between the two companies is developing a more robust entity to compete with other...

EOS price is facing resistance near the $1.0 zone against the US Dollar. The price is now trading above $0.92 and the 55 simple moving average (4-hours). There was a break above a connecting bearish trend line with resistance near $0.930 the 4-hours chart of the EOS/USD pair (data feed from Coinbase). The pair could rise further if it clears the $0.99 and $1.00 resistance levels. EOS price is struggling below $1.00 against the US Dollar, similar to bitcoin. The price might attempt to rise...

Litecoin started a strong increase above $65 against the US Dollar. LTC price is now trading above $65 and the 55 simple moving average (4-hours). There is a major bullish trend line forming with support near $68.50 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase). The pair remains supported for more gains above the $85 resistance zone. Litecoin price is rising steadily above $70 against the US Dollar, similar to bitcoin. LTC price could continue to move up if it remains...

[PRESS RELEASE – Please Read Disclaimer] ‘Delio Staking’ – secure place to grow passive income Delio introduces staking service for five crypto assets Providing one of the lowest fees in the crypto market and an annual reward rate of up to 16.17% Staking for more than 60 digital assets to be launched soon, reaching Korea’s largest staking service. On November 24th, South Korea’s leading crypto bank Delio (CEO James Jung) announced a staking service launch for five digital...

According to the most recent data, GMX earned more daily revenue than Uniswap, becoming the market leader for the first time ever. Delphi Digital reported that the platform raked in $1.15 million in trading fees, while that of Uniswap stood at $1.06 million. Moreover, GMX is now the fifth-largest decentralized application on Token Terminal’s dashboard, trailing behind already established players such as Ethereum, OpenSea, dYdX, and PancakeSwap. Formerly known as Gambit...

Kraken is the latest cryptocurrency exchange that’s been forced to downsize in the face of macroeconomic headwinds and a devastating crypto bear market.  According to an announcement from the firm on Wednesday, leadership has been forced to slash 30% of its workforce, amounting to 1100 workers.  The reduction in size takes Kraken’s headcount back to where it was 12 months ago. The firm said it was forced to grow fast over the past few years to keep up with client demand. ...