Month: April 2023

Meta Q1 2023 Results Sees Company Beat Revenue Estimates in What Zuckerberg Describes as ‘Good Quarter’

Meta’s Q1 2023 performance underscores its commitment to cutting costs and maximizing earnings in its “year of efficiency”. Meta Platforms (META: NASDAQ) recently reported its Q1 2023 earnings, showing an unexpected revenue increase for the first time in four quarters. The tech giant’s shares jumped 12% following the report, which turned out better than expected. For the first quarter of the year, Meta raked in revenue of $28.65 billion versus the $27.65 expected by analysts. The California-based social media company also realized earnings per share (EPS) of $2.20 for the same period…

Hong Kong to Release Crypto Exchange Licensing Guidelines on May

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The Hong Kong Securities Futures Commission (SFC) is expected to be publishing licencing requirements for cryptocurrency exchanges in May. The proposals were revealed on April 27 by Bloomberg, who quoted remarks made on Thursday by Julia Leung, the chief executive of the SFC. According to Bloomberg, Leung claimed that over 150 interested parties responded to the licencing regime’s consultation process. Leung was likely responding to a report from February 20 that highlighted regulatory obligations for Know Your Client (KYC) and Anti-Money Laundering (AML). The upcoming regulations will assist cryptocurrency trading platforms that,…

Bitcoin’s (BTC) ‘Estimated Leverage Ratio’ Hits Lowest Level in 16 Months

CryptoX – Cryptocurrency Analysis and News Portal Bitcoin’s estimated leverage ratio, calculated by dividing the dollar value locked in the active open perpetual futures contracts by the total number of coins held by derivatives exchanges, fell to 0.195 on Wednesday, reaching the lowest since Dec. 20, 2021, per data tracked by analytics firm CryptoQuant. Source The post Bitcoin’s (BTC) ‘Estimated Leverage Ratio’ Hits Lowest Level in 16 Months appeared first on CryptoX. CryptoX Portal

NFT markets are out of balance with sellers dominating: Data

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Recent data has revealed that throughout April, the nonfungible token (NFT) market has consistently seen more sellers than buyers, without a single exception. According to data from the analytics platform NFTGo, there were only 7,907 buyers on April 26, while there were 8,641 attempting to sell their NFTs. Days before, on April 19, the NFT market hit its second lowest point in the past twelve months, with only 5,893 buyers – a slight increase from the lowest recorded date in the past twelve months, which was on June 18, 2022, with…

Binance Reportedly Removes Restrictions on Russian Users – Exchanges Bitcoin News

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The world’s largest crypto exchange, Binance, has lifted certain restrictions on Russian users, local crypto media unveiled. According to multiple reports, Russians can once again use their bank cards to make deposits and the trading platform has canceled a limit on their balances which was introduced in compliance with European sanctions. Russian Cards, Including Visa and Mastercard, Used to Load Binance Accounts Holders of Russian bank cards can now deposit money to Binance, the global leader among cryptocurrency exchanges. According to the Russian news outlet Kod Durova, deposits can be…