Tag Archives: News

BTC dominance has been on a steady climb in the last few weeks. Bitcoin (BTC) price has surpassed the $28,000 level, marking an increase of 5.70% over the past 24 hours. Interestingly,  this comes as most other altcoins appear to be trading flat in the same period. For what it’s worth, the surge in price may be directly linked to new reports that Silicon Valley Bank (SVB) will resume operations today. That is after news that the recently-troubled bank has been acquired by North...

As the tech space digests the Alibaba news, attention also shifts to what becomes of Ant Group’s 2020 suspended IPO.  The decision by Alibaba Group (NYSE: BABA) to split its business into 6 places has renewed focus on the suspended Ant Group IPO. At the beginning of the week, Alibaba announced plans to split into 6 independent business groups. According to the Chinese e-commerce giant, this decision is strategic and would allow each business unit to operate unrestrained. Alibaba further...

Despite several headwinds in 2022, Novogratz said that the company continues to lead from a position of strength, remaining open for business for our clients and counterparties. On Tuesday, March 28, Canadian investment firm Galaxy Digital, operated by Wall Street veteran Mike Novogratz, reported a pre-tax profit of $150 million from January 1, 2023, through March 24, 2023. This is a major sign of optimism for the crypto firm which reported $1 billion in net losses for the last year 2022....

The price of bitcoin has experienced a few bumps since the beginning of the year, but it’s still up 40 percent since 2023 first began. At the time of writing, the asset is above $23,000. While this isn’t quite the $25K it hit a few weeks ago, the currency is still maintaining a price in the $20K range. Bitcoin Is Maintaining Its Strength Mike McGlone – a senior macro strategist at Bloomberg Intelligence – wrote the following on social media: Headwinds remain strong....

The Alibaba growth sentiment has spread to the entire Chinese sector with the shares of other competing firms soaring following the news. The shares of Chinese multinational e-commerce and tech giant Alibaba Group Holding Ltd (HKG: 9988) is trading at a very high growth rate today as the company said it is restructuring its business into 6 different independent divisions. Hong Kong-listed shares jumped by 12.23% to HKD94.55. According to the company, the 6 subdivisions will help unleash...

Leading DeFi protocol Lido revealed that its NFT unstaking scheme would come full circle after the Ethereum Shanghai upgrade.  Prominent decentralized finance (DeFi) protocol Lido has announced plans to incorporate non-fungible tokens (NFTs) into its unstaking process. Yesterday, the largest DeFi protocol by total value locked intimated on the plans during its Node Operator Community Call #5. According to Lido, users will receive a transferable NFT that represents their request withdrawal...

It is said that the new CEO is equipped as the “best pilot” to navigate the current business challenges. Investment banking company UBS has named former UBS Group CEO Sergio Ermotti as the new CEO to oversee the Credit Suisse takeover. UBS bought Credit Suisse for $3.2 billion last week as regulators seek to ramp up the global banking system. The Swiss National Bank referred to the acquisition as the solution to secure financial stability and the protection of the nation’s economy....

Generative AI is evolving and the recent linkup between Google Cloud and Replit will further bolster this evolution. Replit, one of the world’s fastest-growing developer platforms has announced it has inked a functional partnership with Google Cloud as both entities look to advance the scaling of Generative AI solutions. According to the announcement shared, Replit developers will gain access to the Google Cloud infrastructure and services through the platform’s Ghostwriter application....

Tron price started a fresh increase from the $0.057 level against the US Dollar. TRX price is now trading above $0.062 and the 55 simple moving average (4-hours). There was a break above a key declining channel with resistance near $0.064 on the 4-hours chart (data feed via Kraken). The pair could continue to move up if it breaks the $0.0685 resistance zone. TRON price started a fresh increase above $0.062 against the US Dollar, similar bitcoin. TRX price could rise...

Bitcoin price started a fresh increase above the $26,000 zone against the US Dollar. The price is now trading below $28,000 and the 55 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $27,800 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase). The pair could continue to rise if there is a clear move above $28,000 level. Bitcoin price is showing positive signs above $27,000 against the US Dollar. BTC might...