Day: September 12, 2023

Apple Renews Qualcomm Deal to Supply 5G Chips till 2026

Qualcomm is expected to supply Apple with Snapdragon 5G Modem-RF Systems for smartphone launches in 2024 through 2026. Apple Inc (NASDAQ: AAPL) will rely on an external supply of modern chips to manufacture modern smartphones that support the 5G network amid delays in in-house production. According to an announcement by Qualcomm Technologies Inc, Apple has signed an agreement to extend the deal between the two companies for another three years. Notably, the prior deal between Apple and Qualcomm Technologies was set to expire this year. As a result, Apple’s iPhone…

Crypto Custodian Finoa Expands to Regulated DeFi

“An important differentiator is what we as a regulated custodian can and cannot do,” Gebbing said. “What you will not find, for example, is that we just connect Finoa wallets to any kind of decentralized app out there, permissionless DeFi and whatnot. It’s really a filtered, curated set of d’apps that you can work with.” Source

Filecoin Uphill Battle To $3.5

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Filecoin (FIL) has been facing a long-term downtrend, marked by wavering buyer confidence and a series of concerning technical indicators. A recent price analysis reveals a bearish order block at $3.6 on FIL’s one-day chart, with a closely tested liquidity zone at $3 over the past month. This downward trend has persisted since early August, as evidenced by a sequence of lower highs and lower lows. On the weekly chart, two key levels have held significant sway over FIL’s fortunes since June 2022. The resistance at $4.8 and the support…

Oracle Shares Drop Over 9% after Reporting Bleak Q1 2024 Revenue Outlook

Following an uptick in first-quarter revenue, Oracle’s board of directors approved a cash dividend of about 40 cents per share, which will be paid out to shareholders on October 26. American multinational tech company Oracle Corporation (NYSE: ORCL) shares dropped approximately 9.23 percent during the after-hours sessions to trade around $115.02. The sudden drop in Oracle shares is largely attributed to the announcement of the fiscal year 2024 Q1 financial results that did not match Wall Street’s expectations. Nonetheless, the company announced that its quarterly revenues were up 9 percent…

Alex Mashinsky Seeks to Quash FTC Case as He Defends Criminal, CEL Token Charges

CryptoX – Cryptocurrency Analysis and News Portal Mashinsky, alongside his former Chief Technology Officer Hanoch “Nuke” Goldstein, argued the FTC would need to make more rules before taking on novel cases such as marketing fraud. In a separate filing, Goldstein said he was being unjustly held guilty by association with other Celsius executives, with the FTC depending on the fact that he retweeted a blog by Celsius. Original Source The post Alex Mashinsky Seeks to Quash FTC Case as He Defends Criminal, CEL Token Charges appeared first on CryptoX. CryptoX…

DeFi group petitions to stop ‘patent troll’ targeting DeFi protocols

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A decentralized finance (DeFi) advocacy body has petitioned the United States Patent and Trademark Office (USPTO) to review a patent owned by a company it has accused of being a a “patent troll” — a firm that aims to profit from patent lawsuits. In a Sept. 11 blog post, the DeFi Education Fund (DEF) said on Sept. 7 that it filed an over 90-page petition to the Patent Trial and Appeal Board in a bid to cancel a patent owned by True Return Systems. Granted in 2018, the patent lays…

Hackers behind $41M Stake heist shifts BNB, MATIC in latest move: CertiK

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The hackers behind cryptocurrency casino Stake’s $41 million hack have shifted another $328,000 million worth of Polygon (MATIC) and Binance Coin (BNB) tokens — its latest moves following the Sept. 4 exploit, according to blockchain security firm CertiK. The most recent transfer involved 300 BNB tokens worth about $61,500 to an externally owned address “0x695…” which were then bridged to the Avalanche blockchain on Sept. 11 at 4:09 pm UTC. Another 520,000 MATIC tokens worth over $266,000 were also moved to Avalanche seven hours earlier at 7:18 am UTC. #CertiKSkynetAlert We…

Bitcoin Cash Price Signals Fresh Increase Despite Weakness in BTC and ETH

Bitcoin Cash price is holding the key $180 support against the US Dollar. BCH seems to be aiming for a fresh increase toward the $205 and $220 levels. Bitcoin cash price is showing positive signs above the $180 level against the US Dollar. The price is trading below $200 and the 100 simple moving average (4 hours). There was a break above a major bearish trend line with resistance near $189 on the 4-hour chart of the BCH/USD pair (data feed from Kraken). The pair is likely to accelerate higher…

Ethereum Price Just Saw Key Technical Correction But Upsides Remain Capped

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Ethereum price extended its decline below the $1,550 support against the US Dollar. ETH is recovering losses, but upsides might be capped near $1,620. Ethereum gained bearish momentum below $1,580 and $1,550. The price is trading below $1,600 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance near $1,605 on the hourly chart of ETH/USD (data feed via Kraken). The pair could correct higher but the bears might remain active near $1,600 and $1,620. Ethereum Price Breaks Down Ethereum’s price failed to settle…