Markets

Bitcoin price started a fresh decline from the $25,200 zone against the US Dollar. The price is now trading above $24,000 and the 55 simple moving average (4-hours). There was a break below a key contracting triangle with support near $24,250 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase). The pair could start a fresh increase if it stays above the $23,400 support zone. Bitcoin price is declining below $24,500 against the US Dollar. BTC might eye...

Crypto exchange Coinbase reported net revenue of $605 million in Q4 2022, according to its latest earnings report published after the bell on Tuesday. Since its release, COIN shares briefly jumped 3% to $64 before falling back to $62 in after-hours trading.  Coinbase Survives the Bear The exchange’s latest numbers present a 5% boost compared to the previous quarter’s $576 million figure, and a touch above analysts’ estimates of $588 million.  According to the company’s...

Despite the market turbulence brought about by collapses and scams, Coinshares’ Chief Executive Officer Jean-Marie Mognetti asserted that the group’s “financial health remained solid.” Its earnings did take a severe beating, though. CoinShares released the fourth-quarter report for 2022 in which it recorded £14.5 million in combined revenue, gains, and other income. This was a massive drop of 65% from the fourth quarter of 2021 when the European asset manager fetched a...

Alex Gladstein – CSO of the Human Rights Foundation – thinks bitcoin symbolizes some of the USA’s values based on the Declaration of Independence: free speech, property rights, and open capital markets. He argued that the primary cryptocurrency could thrive in democracies and struggle in totalitarian countries. ‘It’s Financial Privilege’  In a recent episode of Simply Bitcoin, Alex Gladstein presented himself as a keen advocate of the leading digital asset and pointed out its...

Major blockchain infrastructure platform Paxos Trust Company is holding discussions with the US Securities and Exchange Commission (SEC) concerning Binance stablecoin BUSD, according to a report by Reuters. The company earlier received a notice from New York authorities to cease minting BUSD. According to Reuters on Tuesday (Feb. 21, 2022), Charles Cascarilla, CEO of Paxos, sent an email to the firm’s employees on Feb. 18, informing them that the company is holding...

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A new report suggests that bitcoin had its best January since 2013 (ten years). The currency rose by nearly 40 percent and incurred a $7,000 hike to its price. Bitcoin Posts Its Best January Results Since 2013 Bitcoin has its worst year (arguably) in 2022. After hitting a new all-time high of $68,000 per unit in November of 2021, the world’s number one digital asset by market cap began trekking a bearish path that ultimately saw it lose more than 70 percent of its value...

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