Markets

In a bid to weather the unprecedented turmoil in the market, Huobi is the latest company to introduce job cuts. The crypto exchange is planning to lay off about 20% of its staff, a move that was confirmed by Tron founder and a member of Huobi’s global advisory board – Justin Sun. In a text message to Reuters, Sun said the “structural adjustment” has not started and is expected to reach a conclusion by the end of the first quarter this year. “Ignore the FUD” The confirmation...

Bitcoin cash is facing barrier near the $105 and $108 resistance levels against the US Dollar. The price is now trading above the $100 zone and the 55 simple moving average (4-hours). There was a break above a major bearish trend line with resistance near $100 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase). The pair must clear $104 and $105 to continue higher in the near term. Bitcoin cash price is climbing above $100 against the US Dollar, similar to...

The blockchain gaming platform Animoca Brands seeks to raise around $1 billion for its latest Web3 and Metaverse investment fund during the year’s first quarter. The initiative comes in spite of the market decline and the FTX crash, which have vaporized much of the interest in cryptocurrencies.  Special Attention on Web3 The Hong Kong-based Animoca Brands seeks to double down on its Web3 endeavors by raising $1 billion to support blockchain and Metaverse startups. Chairman...

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Changpeng Zhao – the man behind famed digital currency exchange Binance – has pledged roughly $2 billion to help save the digital currency arena. Binance Is Looking to Save the Crypto Space The crypto space has been failing as of late. Bitcoin, for example, has lost more than 70 percent of its overall value since it reached its new all-time high of about $68,000 per unit in November of 2021. In general, crypto has lost more than $2.2 trillion in valuation, and many...

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Online gaming is undoubtedly catching speed as more and more people get on board. With multi-million dollar tournaments and millions of people playing various games across the world, it’s no longer a niche field. In fact, some estimations have the global gaming market reaching a value of a whopping $268 billion by 2025. Interestingly enough, online gaming is also commonly touted as one of the best applications for blockchain-based technology. In 2021 and 2022, we saw a...

INTERNET CITY, DUBAI, Jan 4, 2023 – LBank Exchange, a global digital asset trading platform, has listed REGENT COIN (REGENT) on January 4, 2023. For all users of LBank Exchange, the REGENT/USDT trading pair is now officially available for trading. Encompassing the entire crypto universe in one circle, Regent has simplified the whole utility token scenario for all users with its safe transactions, faster processing, all time availability, and worldwide usage. The REGENT...