Day: January 11, 2023

BTC Hits Fresh 3-Week High, Ahead of Thursday’s US Inflation Report – Market Updates Bitcoin News

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Bitcoin raced to a fresh multi-week high on Wednesday, as markets turned their attention to tomorrow’s U.S. inflation rate report. Thursday’s report is expected to show that consumer prices have fallen to 6.5%, down from 7.1% the month prior. Ethereum also rose marginally higher in the day. Bitcoin Bitcoin (BTC) rallied above a key resistance level on Wednesday, ahead of tomorrow’s U.S. inflation report. Following a low of $17,226.64 on Tuesday, BTC/USD raced to a peak of $17,493.32 earlier in today’s session. As a result of the move, the world’s…

Euro Bullish Sentiments Abound as Region Appears Set to Hold Off Recession

More observers are growing bullish on the euro this year despite its relative slump against the US dollar in 2022. Currency analysts and experts are turning bullish on the euro as the continent tries to withstand a recession. With 2023 well underway, the markets head into uncertainty amid shifting economic data and fiscal policy. However, currency experts maintain that this trend could spell positive news for the euro.  According to Steve Englander, head of global G-10 FX research at Standard Chartered: “The euro is trading within its late December range, but incoming…

Dutch exchange Bitvavo rejects DCG’s proposal to repay 70% of debt

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Cryptocurrency exchange Bitvavo, a major creditor of the troubled crypto company Digital Currency Group (DCG), has dismissed DCG’s proposal of partial debt repayment. Bitvavo officially announced on Jan. 11 that the firm received a counter proposal from DCG offering to repay about 70% of the outstanding amount in a term acceptable to Bitvavo. The remaining balance amount is still under negotiation with DCG as it is only ready to repay part of the debt within a term acceptable for Bitvavo, the exchange said, adding: “As creditors, we do not find…

Suzuki Motor Unveils Electric SUV Concept eVX

The company displays a range of eco-friendly products, emphasizing its vision of committing to “bring new products, technologies, investments and set up new facilities in India.” Japanese multinational corporation Suzuki Motor Corporation’s Indian Unit has unveiled a concept electric SUV called ‘eVX.” The company announced the new EV at the Auto Expo 2023, which began on Wednesday. The show has returned after three years, and Maruti Suzuki, Suzuki Motor’s Indian arm, is one of the major manufacturers participating in the event.  Suzuki Unveils Concept eVX The Concept eVX is developed…

Gala Games Deletes Tweet Announcing Partnership With Hollywood Star The Rock; Native Token Drops

“We are, as you’re reading this, developing two films with the Rock (aka Dwayne Johnson) and Mark Wahlberg! Two absolutely huge forces in the entertainment industry. You’ve seen their work on screen, but I think their presence might be even more powerful off the screen and we are so happy to get the chance to work with them,” the now-deleted tweet said, according to an image posted on Discord. Source

DCG chief Barry Silbert pens letter to shareholders, community reacts

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The crypto community woke to another drama-filled day after the Digital Currency Group (DCG) chief’s letter to shareholders went wrong. DCG CEO, Barry Silbert, penned a letter to the shareholders on Jan. 10, reflecting on the state of the crypto market and the growing fear, uncertainty and doubt (FUD) around the company. DCG is the parent company of crypto lending firm Genesis Global Capital and Grayscale, the world’s leading crypto asset manager. In the letter, Silbert addressed the growing issues around DCG and its subsidiaries owing to the bear market and…