Day: October 4, 2023

SAS Airlines Shares Crash 95% after Announcing Restructuring Deal

SAS will leave exchanges as part of its restructuring deal, in addition to splitting equity and debt among members of a takeover consortium. Scandinavian Airlines (SAS) stock fell on Wednesday morning after the company announced a restructuring deal. As markets opened, SAS stock crashed 95% in reaction to an official release stating a restructuring deal that will take the airline off commercial exchanges. SAS has regained a tiny bit of its losses as of writing time and is trading over 86% less than its previous kr.0.21 close. SAS published a statement on…

Sam Bankman-Fried Now Has a Jury

CryptoX – Cryptocurrency Analysis and News Portal A federal judge has chosen the 12 people who will decide whether FTX founder Sam Bankman-Fried violated fraud and other laws in running his once-mighty crypto exchange. Source The post Sam Bankman-Fried Now Has a Jury appeared first on CryptoX. CryptoX Portal

These Are The Altcoins To Keep An Eye On: Santiment

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Data from Santiment shows that several altcoins have registered an increase in address activity, which may make them worth keeping an eye on. Bitcoin Cash & Other Altcoins Have Observed A Rise In Active Addresses As explained by the on-chain analytics firm Santiment in a new post on X, some alts are seeing rising activity despite the cooldown that the overall cryptocurrency sector has observed in the past couple of days. The indicator of interest here is the “daily active addresses,” which keeps track of the total number of unique…

Crypto Data Company Flare Partners Avascan to Launch New Blockchain Explorer

For developers looking to integrate blockchain data into their applications, Flarescan will also offer a developer API, simplifying the process of harnessing blockchain insights. Blockchain for data company Flare has partnered with the Avascan Block Explorer team to launch Flarescan, a comprehensive web explorer explicitly designed for the Flare ecosystem. In a press release shared with Coinspeaker on October 4, the company said the new block explorer is designed with a keen focus on detail and user-friendliness, incorporating all the impressive features of Avascan. Flarescan Scheduled for Launch on October…

Novavax (NVAX) Stock Up 8% as FDA Approves Updated Covid Vaccine

The updated vaccine specifically addresses the XBB.1.5 subvariant of the Omicron variant, which has raised concerns due to its potential to evade immunity conferred by earlier versions of the vaccine.  In a recent development, stocks of Novavax Inc (NASDAQ: NVAX) jumped 8.2% yesterday following the Food and Drug Administration’s (FDA) approval of its improved COVID-19 vaccine. However, it’s worth noting that in pre-market trading, the stock experienced a slight dip and is 6% down at the time of writing. The Roll-Out of Novavax Updated Shots As highlighted in a recent…

South Korea to pilot wholesale CBDC with commercial banks

The Bank of Korea (BOK), is launching a pilot project in collaboration with the Financial Services Commission (FSC) and the Financial Supervisory Service (FSS) to explore the implementation of a central bank digital currency (CBDC). The primary objective of this pilot is to assess the practical aspects of a wholesale CBDC network in cooperation with commercial banks and the public. CBDC transfer mechanism between banks | Source: The Bank of Korea The central bank won’t introduce a retail CBDC to avoid bank disintermediation. Instead, they’ll research the currency’s technology, while…

Bitcoin traders hope $27K holds as BTC price ignores volatile US dollar

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Bitcoin (BTC) stayed glued to $27,500 at the Oct. 4 Wall Street open as attention continued to focus on rampant United States yields. BTC/USD 1-hour chart. Source: TradingView Analysis: $27,000 now “key” for BTC price Data from Cointelegraph Markets Pro and TradingView showed a calm day for BTC price action while U.S. dollar volatility ruled. After its own spate of hectic trading to start the week, Bitcoin was once more seeking direction, with market observers marking out key price points. Popular trader Skew flagged market takers selling toward $27,600, lending…