Month: January 2023

Bitcoin Recovers All Loses since FTX Collapse as Analysts Ponder Future Price Trajectory

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Leading crypto asset Bitcoin has been on the mend since the FTX bankruptcy situation and is now riding a two-month high. Bitcoin (BTC) has recouped all losses incurred since the catastrophic FTX collapse last November. The leading digital currency recently hit a new post-FTX high, holding firm at over $21K for the last two days. This is well above Bitcoin’s November 2nd price of $20,283. Bitcoin’s price jumped more than 22% in the last seven days, about the same decline it suffered between November 7th and November 8th. At the time of…

Goldman Sachs Q4 2022 Report Sees Huge Earnings Miss & Soaring Expenses

New York banking giant Goldman Sachs suffered its worst earnings miss since 2011, with quarterly profit sinking 66% year-over-year.  Goldman Sachs (NYSE: GS) recently posted its fourth quarter result, showing its worst earnings miss in ten years. Revenue realized for the period ended December 31st came in lower than expected, while expenses and loan loss surged conversely. For the fourth quarter of 2022, Goldman reported a revenue haul of $10.59 billion versus the consensus estimate of $10.83 billion. In addition, the banking giant earnings per share of $3.32 compared to the much…

CFTC commissioner calls for global industry standards in crypto regulation

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Caroline Pham, the commissioner of the Commodity Futures Trading Commission (CFTC), has recently called on regulators to provide clearer guidance on crypto assets in 2023.  In an interview with Bloomberg, Pham mentioned that discussions with global players over crypto regulations are currently ongoing. The government official said that there are many foreign discussions currently happening about global industry standards for crypto regulation. According to Pham, she has gone through more than 75 meetings with various parties to discuss various topics concerning crypto regulation. The CFTC commissioner highlighted that there are…

Hedera Soars 23% As HBAR Blooms All-Green On The Charts All Week

Hedera is a strong competitor in the DeFi space as it boasts some of the best metrics in the industry. According to recent analysis, the ecosystem hit 5,500 transactions per second. TPS is used to compare DeFi projects from each other. So far, Hedera beats Ethereum in terms of average transactions per second. The realm of NFTs is also expanding for the Hedera Hashgraph ecosystem. Just last year, the network scored a partnership with LG for their Art Lab, the company’s foray into the metaverse.  With a complete and detailed…

Pierwsze kroki w #Krypto Gielda #Coinbase

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io W tym krótkim wideo chce wam pokazać jak zaczać #inwestowac w kryptowaluty za pomocą giełdy #Coinbase #binance … ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version

Bitcoin Rally Pushes Crypto Mining Stocks Up

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After a year-long winter accompanied by massive losses in the mining sector, the recent Bitcoin recovery is a relief to miners. Moreover, the Bitcoin price rally has rubbed off on crypto mining stocks as they witness the highest performance in the past year. In the 2022 bear market, public crypto miners recorded up to $4 billion in liabilities due to low profitability and stock prices. As a result, many miners who struggled to stay afloat resorted to selling their coin reserves to boost liquidity. Bitfarm And Others Record Year-Long Highs…

Education is key to driving sustainability in blockchain and beyond

The World Economic Forum (WEF) in Davos, Switzerland, brings together global leaders and thinkers across various industries to hone in on global issues each year. As the world of crypto and blockchain continues to push into the mainstream view, it, too, has become a topic of discussion at the legacy event.  Cointelegraph editor-in-chief Kristina Lucrezia Cornèr moderated a panel on Jan. 17, which touched on sustainability efforts in the blockchain industry.  Even though not all panelists come from the same background, they unanimously highlighted education and learning as the key…

XRP Bulls Aim For $1 As Crypto Advances With 12% Weekly Pump

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XRP is currently at $0.3899 which is the result of recent positive external developments. According to CoinGecko, the native token of Ripple moved upwards by 12% in the weekly and the bi-weekly time frame.  Positive news brewed up in the US Securities and Exchanges Commission (SEC) vs. Ripple lawsuit that started back in December 2020. Just last month, Ripple was handed a small win as the SEC was ordered by a judge to hand over the Hinman documents which details the speech of the previous SEC director saying that Ethereum…