Markets

Binance US – the American subsidiary of the world’s largest crypto exchange – appointed the former FBI agent BJ Kang as its first Head of Investigations.  In this role, he will aim to ensure maximum customer protection by “partnering closely” with regulators and law enforcement agents.  ‘The Most Feared Man on Wall Street’ Joins Binance US According to a recent announcement, BJ Kang will use his rich experience to identify illicit criminal activities related to...

The cryptocurrency market went through little volatility over the past seven days and is currently found almost where it was this time last week. The sentiment remains overly fearful as global inflation woes and economic unrest settle in. Starting with Bitcoin, it lost roughly 1.8% in the past seven days, going through almost no volatility whatsoever. The cryptocurrency attempted a break above the critical level of $20,000 but to no avail. It was quickly rejected by the...

Snap blames its underperforming Q3 2022 financial report to rising inflation and the war in Ukraine. The report tanked other stocks.Snap (NYSE: SNAP), the first major social media company to release its Q3 2022 earnings, posted disappointing figures. For the period that ended September 30th, the prominent camera and social media company saw its shares plummet 25%. Furthermore, the California-based company warned that it would see no revenue growth in the typically busy holiday quarter. In a...

This week, we take a closer look at Ethereum, Ripple, Cardano, Binance Coin, and Solana. Ethereum (ETH) Ethereum’s price has remained largely flat with little volatility. For this reason, it is almost identical to seven days ago. Momentum and volume continue to move sideways with no perceivable trend at this time. The key support remains at $1,250, and the resistance at $1,400. The price is stuck in a channel, and it can comfortably move sideways until the end of the month...

The revenue miss did not impress investors as the company’s shares fell by 6.65% on Thursday to close at $207.28.The stock price of American multinational electric vehicle maker Tesla Inc (NASDAQ: TSLA) is on a downtrend as the company’s revenue for the third quarter missed estimates. Per the results published, Tesla’s Earnings Per Share (EPS) came in at $1.05, a figure better than the 99 cents that were projected by analysts.The company missed its revenue estimates as it reported $21.45...

Edge Capital has very little information about its products but markets itself as an alternative investment manager specializing in digital assets and DeFi protocols.According to SEC filings, Edge Capital Management LLC, Florida-based decentralized finance (DeFi) focused hedge fund, has raised a total of $66.8 million in two separate fundings. Reportedly, the firm raised one offshore fund in the Cayman Islands from eight investors for a total of $38.6 million. On the other hand, the company...

Coinbase Verified Users Approach the 100M Mark Coinbase, eine der ganz grossen Bitcoin-Börsen der Welt, hat heute die Einführung des provisionsfreien Handels mit USDC, einem an den US-Dollar gekoppelten Stablecoin, bekannt gegeben. Mit diesem Schritt will das Unternehmen die weltweite Akzeptanz von Kryptowährungen beschleunigen und seine Mission, die wirtschaftliche Freiheit zu erhöhen, weiter vorantreiben. Diese Maßnahme ermöglicht es mehr Nutzern...

Bitcoin cash price started a fresh decline from the $112 zone against the US Dollar. The price is now trading below the $112 zone and the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $108 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase). The pair could start a recovery wave if there is a clear move above the $110 and $112 levels. Bitcoin cash price is declining from the $112 zone against the US...

The Berlin-based neobank – N26 – established a cryptocurrency service that will enable customers to buy and sell 100 cryptocurrencies. The largest fintech bank in Latin America – Nubank – also hopped on the bandwagon, launching its own cryptocurrency in Brazil. Interestingly, Berkshire Hathaway – the conglomerate holding company spearheaded by the famed investor and crypto critic Warren Buffett – is among the financial backers of the banking institution. Even though the...

DappRadar – a Dapp discovery and analysis platform – has released a report covering the current state of the Metaverse, its use, and levels of adoption. While metaverse-related trade has slowed massively this year, other metrics continued interest in the space.  Is the Metaverse Still Active? The “metaverse,” according to DappRadar, has two meanings. One refers to the “classical metaverse” that relies on Web 2 technologies, which fuse current gaming and social experiences...