Cryptocurrency exchange Coinbase Global Inc. (COIN) will continue to face headwinds as the company is set to report first quarter earnings on Tuesday after the market close. Source
Coinbase Faces Q1 Earnings Challenge as Crypto Markets Weaken
Day: May 9, 2022
Bitcoin sets news 2022 lows as analyst says trip to $24K realized price ‘entirely possible’
Bitcoin (BTC) set a new record low price for 2022 on May 9 as crypto markets continued selling off prior to the Wall Street opening. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC price sinks under $36,700 Data from Cointelegraph Markets Pro and TradingView confirmed the firmly bearish achievement for BTC/USD, which hit $32,637 on Bitstamp. With the latest installment of a string of losses in May, the pair continued to trade under $33,000 at the time of writing, with weekly losses now at 15%. “Bitcoin sweeping the lows here, that’s probably…
Bitcoin’s 50% Dip From ATH Triggers Over $400 Million in Liquidations Across Crypto Market
The leading crypto is down almost 15% in the last 7 days Bitcoin previously experienced relief after the FOMC meeting and turned the markets green A significant retrace below the $36,000 range followed shortly after Other tokens like ETH and LUNA are also experiencing huge dips from all-time highs and recent highs as well The total crypto market cap is down to $1.58 trillion The latest market retrace caused massive liquidations across the market with ETH and BTC traders taking the biggest hits A technical analyst opined that the markets…
Deribit and OKX attract significant traffic from China despite a blanket ban: Report
Data from website traffic metric provider Similarweb shows that Deribit and OKX continue to attract significant traffic sources from China despite a blanket ban on crypto transactions and foreign exchanges last year. China has banned the use of cryptocurrencies more than a dozen times in the last decade. However, the one imposed in September last year was considered the harshest one. Several crypto exchanges including Huobi and Binance had shut doors for the Chinese traders in fear of regulatory action. The strict regulatory reforms ensured that Chinese traders mainly shifted…
Galaxy Digital Records Q1 Loss of $111.7M Amid Fall in Crypto Prices
CryptoX – Cryptocurrency Analysis and News Portal Cryptocurrency-focused financial services firm Galaxy Digital has recorded a net comprehensive loss of $111.7 million for the quarter-ended March 31 2022. Original Source The post Galaxy Digital Records Q1 Loss of $111.7M Amid Fall in Crypto Prices appeared first on CryptoX. CryptoX Portal
DeFi Locked Value Falls to Yearly Low, $27B Lost Over the Weekend
The drop is likely due to falling token prices and risk-off sentiment in the broader market, analysts said. Source
Japanese e-commerce site adopts BTC and XRP payments for used cars
SBI Motor Japan, a subsidiary of SBI Africa Co., Ltd., has announced that its customers can now make payments for used cars using Bitcoin (BTC) and XRP. As per the announcement by SBI on Monday, the development marks the first time XRP cryptocurrency will be deployed on a cross-border e-commerce website in Japan. The BTC and XRP transactions will be settled on the SBI VC Trade Co., Ltd, a cryptocurrency exchange owned by the SBI Group. The platform, according to SBI, will use appropriate security methods in order to prevent money…
2nd Half 2021 Market Outlook: Demystifying Cryptocurrency
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io 2021’s hot topic: Cryptocurrencies. Is it just another manic bubble, or the start of a new monetary revolution? DBS Senior Investment Strategist, Daryl Ho, provides a glimpse into the world of cryptocurrencies. Find out more from our CIO Insights report: ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version
BDSwiss Expands Its Cryptocurrency Offering with 9 New CFDs
In line with its mission to democratise finance for all, leading multi-asset financial services firm BDSwiss has recently announced the expansion of its cryptocurrency offering with nine new CFD crypto pairs. The latest coin listings join BDSwiss’ existing cryptocurrency line-up which includes some of the world’s largest cryptocurrencies by market capitalization, paired against the EUR and the USD. The newly listed coins, come in response to a surge in demand from investors trading cryptocurrency CFDs on the BDSwiss platforms and include some of the most sought-after cryptocurrencies dealing or associated…
Metaverse Project GensoKishi Online Announces a Closed Alpha Ticket (Bronze) Lottery – Press release Bitcoin News
press release PRESS RELEASE. GensoKishi Online -Meta World- is developed under the license of the well-known Japanese 3D MMO title “Elemental Knights Online.” The iconic game has a 14-year history and has accumulated 8 million downloads worldwide. It already has a 3D MMORPG game with active users, with a fully-functioning 3D metaverse that simultaneously connects users worldwide, be it smartphones, PCs, or video game consoles. The game recently announced its collaboration with gaming legend Yoshitaka Amano to design its NFT collection. Since the release of the GensoKishi website and various…