Recent gains are unlikely to presage a sustained advance, the report said. Source
Bernstein: The Bounce in Cryptocurrencies Is a ‘Mean Reversion’ Rally
Month: January 2023
Bitcoin 2023 rally gathers steam as cryptocurrency tops $23,000
Bitcoin had a tough 2022. Now investors are looking toward 2023 with caution when it comes to cryptocurrencies. Thomas Trutschel | Photothek | Getty Images Bitcoin rose further over the weekend, as traders took news of another crypto bankruptcy in their stride and placed bets on a Federal Reserve “pivot” to cutting interest rates. The price of the No. 1 token briefly topped $23,000 for the first time since Aug. 19, 2022, according to data from CoinGecko. It has since ebbed slightly to $22,859.20. The jump brings bitcoin up almost…
Ark dumps 500K GBTC shares, adds Coinbase stock as Bitcoin recovers 40%
Cathie Wood’s Ark Invest offloaded a chunk of its Grayscale Bitcoin Trust (GBTC) shares since November’s Bitcoin (BTC) price lows, the latest data shows. Cathie Wood’s Ark short-term cautious on GBTC Ark Invest added 450,272 GBTC shares worth $4.5 million to its ARK Next Generation Internet ETF (ARKW) in November 2022. At the time, GBTC was trading in the $7.46-$9.48 range versus $12.25 in January 2023. GBTC price, of course, recovered alongside Bitcoin, rising roughly 40% from its November lows. The recovery in January also helped reduce the GBTC “discount” from nearly…
Microsoft CEO Satya Nadella Praises Metaverse ‘Sense of Presence,’ Calls It ‘Game-Changing’ – News Bitcoin News
Satya Nadella, CEO of Microsoft, has given his opinion about the metaverse and the impact that the tech might have in the future. In a conversation with Klaus Schwab, chairman of the World Economic Forum (WEF), Nadella stated that the sense of presence achieved while interacting using metaverse tech is “game-changing.” Microsoft’s Satya Nadella Talks Metaverse Benefits Satya Nadella, CEO of tech giant Microsoft, has declared his support for the metaverse, citing its potential to bring people together compared to other less interactive technologies. In a conversation with Klaus Shwab,…
Uniswap Poll Shows 80% Support Decentralized Crypto Exchange’s Move to BNB Chain
CryptoX – Cryptocurrency Analysis and News Portal Uniswap, like other decentralized exchanges (DEXs), relies on smart contracts to match trades and supply liquidity between traders. It locks up over $3.4 billion worth of various tokens across five blockchains, with V3, the latest iteration, commanding $2.6 billion of that figure, according to DeFiLlama. Source The post Uniswap Poll Shows 80% Support Decentralized Crypto Exchange’s Move to BNB Chain appeared first on CryptoX. CryptoX Portal
Coinbase: il modo più sicuro e affidabile per investire in criptovalute
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Negli ultimi anni, Bitcoin è diventato sempre più popolare come metodo di pagamento digitale. Bitcoin è una criptovaluta … ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version
Uniswap Poll Shows 80% Support Decentralized Crypto Exchange’s Move to BNB Chain
Uniswap, like other decentralized exchanges (DEXs), relies on smart contracts to match trades and supply liquidity between traders. It locks up over $3.4 billion worth of various tokens across five blockchains, with V3, the latest iteration, commanding $2.6 billion of that figure, according to DeFiLlama. Source
Big Eyes Coin Hits $16.5 Million in Presale as It Looks to Compete with NFT Platforms Like The Sandbox and BNB
Place/Date: – January 23rd, 2023 at 12:07 pm UTC · 4 min read Source: Big Eyes Coin Photo: Big Eyes Coin Big Eyes Coin (BIG) has introduced itself to the crypto market in spectacular fashion. The platform has laid out its goals and ambitions for when it launches, with a roadmap to document the milestones it plans to achieve. We can see from its whitepaper that Big Eyes Coin wants to become the next mammoth meme token, overtaking canine-themed meme coins like Shiba Inu (SHIB) and Dogecoin (DOGE). One of…
Spotify Resorts to Fresh Layoff Scheme amid Tech Downturn
Following its October headcount reduction, Swedish streaming giant Spotify looks to another layoff round to remain profitable. According to reports, music streaming giant Spotify (NYSE: SPOT) is planning a staff layoff this week. The latest Spotify layoff comes amid the sustained economic slowdown and follows last October’s headcount reduction. At a 2022 investors’ presentation, Spotify chief financial officer Paul Vogel admitted that times are hard. According to him: the Stockholm-based company is “clearly aware of the increasing uncertainty regarding the global economy.” Although the company cut 38 employees in October 2022, it…
Coinbase Exec Accuses Binance Of Crypto Price Manipulation
The world’s largest cryptocurrency exchange Binance was in the crossfire of critics for a long time after the FTX collapse. In particular, there was harsh criticism because of an opaque proof of reserves issued by the auditing firm Mazars, which paused the cooperation with the exchange shortly thereafter. Over the turn of the year, however, the criticism has become quieter and Binance has disappeared from the spotlight as DCG and Genesis became the crypto industry’s biggest headache. But Conor Grogan, Head of Product Business Operations at Coinbase, presented new serious…