Tag Archives: News

According to recent reports, the US Court has approved Voyager’s entry into a $1.42 billion agreement with FTX to acquire its virtual assets.Crypto Lender  Voyager Digital filed for chapter 11 bankruptcy on July 4 after halting withdrawals a few days earlier. According to the company, the Three Arrows Capital default caused liquidity issues forcing them to take this decision. FTX US, therefore, submitted a bid to acquire the company in a “highly competitive” auction process pending court...

Philips posted its Q3 2022 report as the company grapples with the fallout from a medical equipment recall.Royal Philips NV reported on Monday, October 24th, its Q3 2022 earnings which surpassed analysts’ forecasts for the period. However, the Dutch multinational conglomerate corporation’s revenue fell short of expectations. During the third quarter, Philips saw earnings per share of 0.25 euros on revenue of 4.30 billion euros. Meanwhile, analysts polled by Investing.com had it at 0.24 euros...

Stock traders and investors look poised for a bountiful week of earnings as they await a major interest rate decision from the Fed. Monday morning signaled some hopeful times ahead for the European stocks market, which opened on a rising note. However, it might be safe to say that the driving force behind the sudden rise in the value of European stocks, is a recent report that claims that the Federal Reserve could throttle down on its pace of interest rate hikes.  This explains why traders...

Since the announcement, the Freeway (FWT) token has sunk to approximately eighty percent.Crypto platform Freeway has recently paused a few operations due to unforeseen instability in the foreign exchange and crypto marketplaces.In a post by the company on October 23rd, the platform revealed its plans to pause purchases and deposits. It also disclosed the company’s plans to cancel plans of buying Supercharger simulations until a new strategy is chalked out for the way forward. The...

Asides from creating its digital currency, JCB has been making forays into the world of blockchain, crypto, and Web3.Ahead of Japan’s issuance of CBDC, Japan Credit Bureau (JCB) has launched its digital currency. JCB is projecting that asking older citizens and young children to use a new payment infrastructure may limit the adoption of CBDCs in the future. As such, the firm is looking to test CBDC acceptance with its existing payment infrastructure vis, contactless payment system, merchants,...

Stellar lumen price started a fresh decline from the $0.1165 resistance zone against the US Dollar. XLM price is now trading below $0.1120 and the 55 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $0.1100 on the 4-hours chart (data feed via Kraken). The pair could continue to move down if it breaks the $0.1080 and $0.1065 support levels. Stellar lumen price is trading below $0.1200 against the US Dollar, similar to...

Ripple price started a fresh decline from the $0.5500 resistance against the US dollar. The price is now trading below $0.500 and near the 55 simple moving average (4-hours). There was a break above a major bearish trend line with resistance near $0.4580 on the 4-hours chart of the XRP/USD pair (data source from Bittrex). The pair could start a steady increase if it clears the $0.4850 and $0.5000 resistance levels. Ripple price is struggling below $0.500 against the US...

It’s happened again, folks. In the age of crypto bankruptcy and companies falling apart amidst the growing bear market, another digital currency firm has entered legal bankruptcy protections as a means of getting creditors and angry customers off its back. This time, the enterprise in question is Compute North, a digital currency mining firm. Compute North Is Having a Hard Time This is the first time that a crypto mining company has entered bankruptcy proceedings, which...

Leticia James – New York’s attorney general – is joining several other states in a class-action lawsuit against cryptocurrency firms Nexo Inc. and Nexo Capital Inc. for allegedly lying to clients about their registration statuses. Leticia James Wants to Get Nexo in Court Should James and the remaining states win the lawsuit, it would require that both Nexo companies forfeit whatever profits they likely made over the past several years. The subject of the lawsuit involves...

Bitcoin, Ethereum, and the crypto space in general have not been doing well for nearly a year. The world’s number one digital currency by market cap has fallen from its November 2021 all-time high of about $68,000 per unit to roughly $19,000 at the time of writing. That’s a loss exceeding 70 percent, and it makes the bearish conditions of 2018 look tame by comparison. The crypto market has also lost more than $2 trillion in valuation. Bitcoin Has Remained Somewhat...