Day: June 2, 2023

Elon Musk Confirms Twitter Rebranding to X Super App for Microblogging and Financial Services |

Morphing from Twitter into X, the new super app will offer users multiple services and will effectively be the WeChat of the West. Twitter CEO Elon Musk has confirmed that the microblogging website will rebrand to X sometime in the near future. Elon Musk responded with “True” to a tweet announcing the forthcoming rebranding. According to the tweet, the new X platform will do much more than allow users to send short tweets. Users will be able to enjoy long text, messaging, video, and varying financial services. Twitter Inc Is Now…

Hong Kong Stock Market Takes Lead in Asia-Pacific Market Rally

The Asia-Pacific markets displayed a positive trend, with gains observed in South Korea, Japan, mainland China, and Australia. The Hong Kong stock market featuring indices like the Hang Seng Index (INDEXHANGSENG: HSI) experienced a notable bullish surge in its recent trading session, as investors eagerly await the US May jobs report. The Hang Seng Index finished 4.02% higher at 18,949.94, creating significant market excitement and investor optimism. According to reports, the consumer and real estate sectors drove the index’s gains, with significant performances from businesses such as Longfor Group Holdings…

Coinbase Derivatives Exchange to Roll Out Bitcoin and Ethereum Futures Trading on June 5

Coinbase Derivatives Exchange will start trading BTC and ETH perpetual futures on June 5, 2023, for non-US institutional clients only. Leading American crypto exchange Coinbase has announced its plans to introduce futures contracts for Bitcoin (BTC) and Ether (ETH) in its newly launched derivative marketplace regulated by the Commodity Futures Trading Commission (CFTC). The new venture, Coinbase Derivatives Exchange, officially debuted last month in Bermuda following approval from the country’s financial regulator, the Bermuda Monetary Authority (BMA). The company said the derivative platform would enable traders to speculate on the…

Credit Suisse, Deutsche Bank-Backed Taurus Deploys on Ethereum Scaler Polygon

As a layer 2 blockchain, Polygon is designed to process transactions at a greater speed and lower cost than the main Ethereum network. Polygon also has aspirations to expand beyond Ethereum to become an “internet of blockchains”, connecting any Ethereum-compatible networks together, while continuing to reduce transaction costs and increase speeds. Source BankBackedCreditDeploysDeutscheEthereumPolygonScalerSuisseTaurus CryptoX Portal

CleanSpark purchases new S19 XP bitcoin miners amid crypto winter 

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied CleanSpark has announced the purchase of 12,500 units of the Antminer S19 XP bitcoin mining machines for a sum of $40.5 million. Once CleanSpark receives a shipment of the miners, its total hash rate is expected to reach 16 eta hashes per second (EH/s). CleanSpark, a Las Vegas-based publicly-listed bitcoin (BTC) mining company, is now set to significantly boost its BTC production, despite gloomy crypto market conditions that have triggered a decrease in bitcoin miners’ revenue.…

Bitcoin Price (BTC) Steady After U.S. Adds 339K Jobs in May

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The Fed’s Federal Open Market Committee (FOMC) meets next on June 13-14, and markets overwhelmingly expect the central bank to again boost rates – a sharp change from just one month ago, when investors were nearly certain the Fed would pause in its rate hike cycle. That switch in attitude over the past few weeks has taken its toll on bitcoin, which tumbled from nearly $30,000 to the $27,000 level it was at just prior to this morning’s data. Original

Bitcoin Price (BTC) Bounces Back to $27K Ahead of Jobs Report

Bitcoin climbed nearly 1% to back above $27,000 ahead of U.S. government’s Nonfarm Payrolls report set to release at 8:30 AM ET. The jobs report is expected to show that the economy added 180,000 jobs in May versus 253,000 in April. On Thursday, stocks continued to move higher as the debt ceiling drama mostly moved into the rearview mirror. Gold also inched upward, with some analysts predicting the jobs report might push the metal back above $2,000. As the week draws to a close, top performing digital assets include Quant…

CBIT to Deploy Crypto Miners at 360 Mining’s Off-Grid Texas Site

Cathedra said the agreement makes it the first publicly listed miner utilizing both on- and off-grid energy. Off-grid energy can allow bitcoin miners to escape some criticism of destabilizing the electricity grid due to the power consumption involved while also providing the option of selling power to the grid should it be advantageous to do so. Source