Day: May 22, 2023

Why is Bitcoin price stuck?

boss

Bitcoin (BTC) continues with its sideways BTC price action under $27,000 on May 22 as the bulls and bears find it hard to break the stalemate. Which way Bitcoin?  Notably, BTC price has fluctuated inside a narrowing ascending triangle range since May 11, defined by a horizontal resistance around $27,500 and a rising trendline support currently near $26,890. BTC/USD four-hour price chart. Source: TradingView On May 22, Bitcoin dropped below the support trendline to around $26,550 but recovered quickly afterward to $26,900 — a bullish rejection. Meanwhile, the volumes were…

Ryanair Posts Impressive FY23 Profit as It Capitalized on Its Oil Hedging Positions

The aviation business faces numerous problems and uncertainties, including fuel pricing, regulatory changes, geopolitical events, economic conditions, and competition from other carriers. Ryanair Holdings Plc (NASDAQ: RYAAY) one of the largest and most well-known low-cost carriers in Europe has reported a full-year net profit pegged at 1.43 billion euros ($1.55 billion). This record was boosted by increased traffic and rates, as well as favorable oil hedging positions of which it recorded more than 80% hedged at approximately $64 billion. Notably, fuel hedging allows airlines to secure fuel at predetermined prices,…

Blockchain Gaming Platform STEPN Integrates With Apple Pay, Here´s What We Know

According to an official announcement, the blockchain gaming platform STEPN has become the first app to integrate with Apple Pay. This project was launched in 2018, during the crypto craze driven by the Bitcoin bull run, as one of the first to reward users with a token for undertaking an activity. Apple And STEPN Partnered To Offer Convenience To Crypto Users The project will likely enter a new era of adoption as millions of people can access the platform via Apple Pay. Per the announcement, users can purchase the project’s…

Wise Shares Impacted by Management Shakeups Including Pending Departure of Eight-Year CFO

Wise saw its shares dip Monday after management announced that long-serving CFO Matt Briers would leave the company early next year.  Shares of British fintech firm Wise (LON: WISE) slipped 4% on news of CFO Matt Briers’ resignation next year. The London-based company’s stock slide also comes amid reports of CEO Kristo Kaarman’s paternity leave which begins in September. Wise’s shares are changing hands at 590 GBX after management made the announcements. Briers’ pending departure in 2024 comes after an eight-year tenure with the UK fintech powerhouse. During that period, Wise transformed from a…

Crypto Exchange Hotbit Suspends Operations after Five Years of Service

After five years of service, Hotbit joins Paxful and Bit4You to exit the crypto market. Hotbit, a centralized cryptocurrency exchange (CEX), has suspended its business operations. The company announced the decision on May 22, 2023, citing several factors including the change in crypto market trends, the depegging of stablecoins from their $1 benchmarks, and the deterioration of operating conditions. Hotbit was founded in 2018 and quickly became one of the most popular exchanges in the industry. The firm offers users various options to trade digital assets, including meme tokens such…

First Mover Americas: Bitcoin Price Edges Lower, Tron Rallies

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BlockFi Ordered by U.S. Bankruptcy Court to Withdraw Unapproved Reorganization Plan Shared ‘Prematurely’

CryptoX – Cryptocurrency Analysis and News Portal The creditors and other parties do not support the reorganization plan, the corrective letter said. The Official Committee of Unsecured Creditors “believes that the plan provides releases of litigation claims against, among others, current and former directors and officers of BlockFi that committed significant misconduct that harmed BlockFi and its customers.” Original Source The post BlockFi Ordered by U.S. Bankruptcy Court to Withdraw Unapproved Reorganization Plan Shared ‘Prematurely’ appeared first on CryptoX. CryptoX Portal

BlockFi Ordered by U.S. Bankruptcy Court to Withdraw Unapproved Reorganization Plan Shared ‘Prematurely’

The creditors and other parties do not support the reorganization plan, the corrective letter said. The Official Committee of Unsecured Creditors “believes that the plan provides releases of litigation claims against, among others, current and former directors and officers of BlockFi that committed significant misconduct that harmed BlockFi and its customers.” Source

Blockchain Network EOS’ Participants Should Consider Legal Action Against Major Investor Block.one (B1): EOS Foundation CEO

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