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JPMorgan Expects Crypto Market to Face Weeks of Deleveraging – Warns Bitcoin Price Could Drop to $13K
11.11.2022
Global investment bank JPMorgan has warned of the crypto market facing weeks of deleveraging stemming from the crisis at Sam Bankman-Fried’s crypto exchange FTX.com and trading platform Alameda Research. The firm’s analysts also predicted that the price of bitcoin could fall...
Bitcoin Price Prediction – BTC Crashes Below $16,500, Can US Inflation Data Push it to $10,000
10.11.2022
Under the $19,350 resistance level, Bitcoin price prediction remains bearish; however, $15,850 is acting as a major support and may underpin BTC. After the release of October's CPI figures, Bitcoin experienced a sudden 10% jump. The unexpectedly low CPI reading sent the price of risky assets like...
Binance Shares Hot and Cold Wallet Crypto Addresses and Details About the SAFU Fund
10.11.2022
After disclosing the trading platform Binance would share proof-of-reserves, the exchange published a blog post called “Our Commitment To Transparency.” The Binance blog post shares addresses tied to the world’s largest exchange and it notes that as of Thursday, Binance holds...
Bitcoin, Ethereum Technical Analysis: BTC, ETH Extend Declines Following FTX Saga, Markets Now Look Towards US Inflation Report
10.11.2022
Cryptocurrencies continued to crash on Thursday, as market sentiment surrounding the FTX saga remained on the minds of traders. Bitcoin fell below $16,000 late on Wednesday, with prices remaining close to two-year lows today. Ethereum slipped below $1,100, with attention now focused...
TRX Momentarily Surges 4,000% on FTX After Justin Sun Emerges as Latest 'Would Be' FTX Savior
10.11.2022
Justin Sun offered a “way forward” for embattled exchange FTX earlier
Bitcoin Price Prediction – BTC Falls Through $18,000, Here’s Where It’s Headed Next
9.11.2022
During the European session, the cryptocurrency market continued to underperform, with the global crypto market cap down 10% from yesterday and DeFi coins down more than 11%.
Similarly, Bitcoin has dropped more than 10% and is now trading at $16,300. At $18,170, it broke a triple bottom...
Meta Announces Layoffs Affecting 13% of Workforce; More Than 11,000 Employees to Be Fired Amidst ‘Cultural Shift’
9.11.2022
Meta, the social network company, has announced that it will cut 11,000 jobs, letting go of 13% of the employees in its workforce amidst a “cultural shift” in the company. Mark Zuckerberg, CEO of the company, explained this decision was made due to a need to become more “capital...
Facebook's Mark Zuckerberg Firing 11,000 After Company Spends $15bn On Metaverse
9.11.2022
Rumors have swirled this week, and now it’s confirmed: Meta, the owner of Facebook, WhatsApp, Instagram and Oculus VR, is sacking 13 percent of its workforce, a total of around 11,000 employees out of work. This comes in the wake of the company having spent an extraordinary $15 billion on...
Meta joins big tech layoffs, lets go of 11,000 employees
9.11.2022
The Facebook parent company announced it will let go of approx. 13% of its current workforce in the first mass layoff in the company’s history
Meta Slashes Over 11,000 Jobs, 13% of its Workforce
9.11.2022
The job cuts were across its Family of Apps and Reality Labs segments
The US Government Holds Over 214,000 Bitcoin, Fed’s Stash Equates to More Than 1% of BTC’s Supply
8.11.2022
United States law enforcement officials announced on Monday that the U.S. Department of Justice (DOJ) seized “approximately 50,676.17” bitcoin from a Silk Road thief. The latest seizure adds to the cache of bitcoins the U.S. government holds today as three forfeitures during the last...
Bitcoin Price Prediction as BTC Rebounds Above $20,000, Binance Buying FTX
8.11.2022
Bitcoin price prediction was bearish; however, it has shifted to bullish above the double bottom level of $19,230. Binance, a cryptocurrency exchange, has signed a non-binding letter of intent (LOI) to buy the FTX exchange. Binance CEO Changpeng Zhao said this would assist in relieving pressure...
Bitcoin, Ethereum Technical Analysis: BTC, ETH Hit 2-Week Lows, Ahead of US Midterms
8.11.2022
Bitcoin fell below $20,000 on Tuesday, as markets prepared for the U.S. midterm elections. Cryptocurrencies were swept by a red wave today, as some Democratic investors expect that American voters will also be favoring such a wave in the political arena. Ethereum also moved lower, dropping below...
US Announces ‘Historic $3.36 Billion Cryptocurrency Seizure’ as Silk Road Bitcoin Thief Pleads Guilty
8.11.2022
The man who stole over 50,000 bitcoins from the Silk Road marketplace has pleaded guilty. According to the U.S. Department of Justice, “the seizure was then the largest cryptocurrency seizure” in the history of the DOJ and “remains the department’s second-largest...
Activision CEO Bobby Kotick Donates $50,000 To Republican Who Protested 2020 Election
8.11.2022
While it’s normal for prominent business people to donate to both sides of the political aisle, so that whoever wins an election they can call in some favours, as the Republican Party lurches further to the right some of the candidates being supported are deserving of a bit more scrutiny than...
Billionaire Tim Draper: Bitcoin to $250,000 by Mid-2023
7.11.2022
The American venture capitalist and billionaire Tim Draper is sticking to his earlier $250,000 price prediction for bitcoin (BTC), although he now believes the price will be hit six months later than before.
Speaking at the Web Summit 2022 event in Lisbon, Portugal last week, Draper said...
Bitcoin Price Prediction as BTC Shoots Past $21,000, 20% Rally Incoming?
6.11.2022
Bitcoin hasn't changed much during the European session and continues to consolidate near $21,190. Despite a light weekend, the Bitcoin price prediction remains bullish above the $21,000 level.
Fidelity Investments, a financial services firm, has officially launched its new cryptocurrency trading...
SEC Charges 4 People in $295M Global Crypto Ponzi Scheme That Duped Over 100,000 Investors
6.11.2022
The U.S. Securities and Exchange Commission (SEC) has charged four people for their roles in a global cryptocurrency Ponzi scheme that duped more than 100,000 investors worldwide. The scheme raised more than $295 million in bitcoin. SEC Says ‘Trade Coin Club’ Is a Crypto Ponzi Scheme...
Nigerian Currency Redesign Controversy: Naira Slips by Almost 20%, Experts See Exchange Rate Reaching 1,000:1 USD Before Year End
5.11.2022
The Nigerian currency appeared to accelerate its decline versus the U.S. dollar after it slipped to a new low of 900 naira for every dollar. The currency has continued to depreciate even after the Economic and Financial Crimes Commission’s raid on suspected illegal foreign exchange dealers....
Report: Over 30,000 Nigerians to Learn About Blockchain From Government Agency
5.11.2022
Nigeria’s National Information Technology Development Agency recently said it has launched a blockchain training program and over 30,000 people are set to participate. The objective of the training course is to make the participants “early solution providers in the fourth industrial...