Tag: Cash

Tradecurve Markets aims to reshape crypto exchanges, Arbitrum and Bitcoin Cash uptrend slowing

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In the last bull run, Arbitrum and Bitcoin Cash were bullish. However, after failing to maintain the momentum, they are struggling and posted deep losses. Conversely, Tradecurve Markets aims to disrupt the crypto exchange scene. Arbitrum bullish trend ends In the last rally, ARB prices posted sharp gains, rallying from $0.75 in early September to $0.99, the highest since August. However, it found resistance at $1.00, retracing.  ARB may contract, falling to immediate support at $0.910 in a retracement. Despite this drop, there are indications that ARB may resume its uptrend.  Chainlink…

Bitcoin Is Better than Digital Gold and Huge Cash Inflow to Crypto Assets Is on Horizon

The firm believes the approval of a spot Bitcoin ETF in the United States will trigger an influx of over $30 billion in subsequent months. The mainstream adoption of Bitcoin (BTC) by institutional investors has put the gold market on notice with a possible decoupling in the coming few years. According to a report by Matrixport, Bitcoin is about to challenge gold as a store of value due to the simple fact that the former has outperformed the latter in the past years. Additionally, the demand for Bitcoin has significantly…

French Train Manufacturer Alstom Shares Fall 35% Following Reduced Free Cash Flow Forecast

Alstom highlighted reasons for the free cash flow reduction for H1 of the fiscal year, and predicted a reduced figure for the full year. Shares in French train manufacturer Alstom crashed by more than 35% following a reduction in the company’s forecast for free cash flow. As of this writing, Alstom shares are selling at €13.76, a 35.88% plunge from its previous close at €21.46. Alstom published a press release containing preliminary financial information for the first half of fiscal 2023/24. The first half ending September 30, saw the company’s free cash…

Bitcoin Cash Price Won’t Go Down Quietly

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Bitcoin Cash price is holding the key $220 support against the US Dollar. BCH seems to be aiming for a fresh increase unless there is a move below $220. Bitcoin cash price is showing positive signs above the $220 level against the US Dollar. The price is trading above $220 and the 100 simple moving average (4 hours). There was a break below a key bullish trend line with support near $238 on the 4-hour chart of the BCH/USD pair (data feed from Kraken). The pair could start a fresh…

CBDCs on the Rise: What the Decline of Physical Cash Means for Blockchain and Privacy

Key Takeaways * By 2028, only 9% of all payments are expected to be made in physical currency. * Central Bank Digital Currencies (CBDCs) are under development, but their design raises questions about privacy and personal freedom. * Critics argue that digital payment systems, unlike cash, can be monitored and can refuse service without consequence. The Inevitable Decline of Cash According to a report by the World Economic Forum dated September 26, 2023, the use of physical cash has been declining at a rate of approximately 15% each year since…

Cisco Acquires Cybersecurity Firm Splunk for Massive $28B in Cash

This is Cisco’s largest acquisition till date as the company plans to amp up its cybersecurity division to boost the company’s revenue. In a major announcement on Thursday, September 21, America’s digital communications and technology giant Cisco announced the acquisition of cybersecurity firm Splunk for a staggering $28 billion. The $1578 per share cash deal is Cisco’s largest acquisition to date. Acquisition of Splunk by Cisco On Thursday, Splunk’s shares surged by a 21% increase in value, whereas Cisco’s shares ended the day with a 4% decline. Splunk’s technology is…

Bankrupt Core Scientific to Buy 27K Bitmain Servers for $77M in Cash and Stock

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Shrapnel Web3 shooter won’t let US users cash out, thanks to Gensler

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The creators of blockchain game Shrapnel — an upcoming AAA first-person extraction shooter — will be cutting a part of its game for United States-based players, in order to avoid the potential ire of the country’s securities regulator. The game, which is due to launch in early access in December, will be unrestricted for players from Europe and Asia but gamers from the U.S. will not be able to cash out at all, says Shrapnel Head of Economy Francis Brankin in a Sept. 13 interview with Cointelegraph at Token 2049.…

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…

Tornado Cash Co-founder Pleads Not Guilty to US Treasury Charges

The co-founder pleaded not guilty to all charges involving the alleged misuse of Tornado Cash for illicit activities. Tornado Cash co-founder Roman Storm has pleaded not guilty to all money laundering and violations charges. Storm, who was arrested in August, was charged with fellow co-founder and developer Roman Semenov. An Inner City Press thread on X (formerly Twitter) live-reported the proceedings where Storm pleaded not guilty. The co-founder appeared in the US District Court for the Southern District of New York. On August 23, the US Department of Treasury sanctioned the Tornado Cash execs,…