Tag: News

Silvergate gets more bad news as Moody’s slashes its ratings

boss

Things seem to be going from grim to grimmer at Silvergate Bank, with a hit to its Moody’s rating and a selloff by Ark Invest. The bank already experienced a run and has been tied to the FTX collapse. Ark Invest, the investment vehicle of Cathy Wood, sold off more than 400,000 shares of parent company Silvergate Capital, worth $4.3 million on Jan. 6, leaving it with a mere 4,000 shares, according to various media reports. Those shares lost 43% of their value the previous day. Moody’s Investors Service also…

Huobi Layoffs Spark Controversy and Speculation, Justin Sun Claims Everything Is Fine – Bitcoin News

boss

The cryptocurrency exchange Huobi is laying off 20% of its employees, according to multiple reports over the past two days. However, Huobi’s advisor Justin Sun, the founder of Tron, told the South China Morning Post that the layoff reports were untrue. A Huobi spokesperson later confirmed that the staff cuts are true and Huobi plans to maintain “a very lean team” going forward. Huobi’s Justin Sun Denies Layoffs Amid Controversy and Alleged Employee Protests According to reports, digital currency exchange Huobi has laid off approximately 20% of its staff. Colin…

Futures Business Grows by 1200% and Exceeds 10 Million Users – Sponsored Bitcoin News

boss

sponsored Recently, the cryptocurrency trading platform MEXC released two retrospective articles: Major Events in Cryptocurrency Market 2022，Which Affected You the Most? Blog-Top 10 Highlights of MEXC 2022, which respectively reviewed the cryptocurrency market in 2022 and the development of MEXC in one year. 2022 is the most dramatic year for the crypto industry. It has experienced many far-reaching black swan events, such as the LUNA crash and the FTX thunderstorm. For users, project parties or cryptocurrency trading platforms, capital institutions, etc., 2022 was a year of suffering. Also, this year,…

BONK Meme Coin Sees Wild Price Fluctuations and Massive Holder Concentration – Altcoins Bitcoin News

boss

After the all-time cryptocurrency price highs in 2021, suffering through the Luna implosion of 2022 and watching countless crypto businesses go belly up, we’ve got a new entrant to the meme coin scene that launched on the Solana network. The crypto asset bonk inu (BONK) has a circulating token supply of around 41.5 trillion and it has managed to gather a market capitalization of around $63 million. BONK Sees Market Cap Soar to $204 Million Before Plummeting to $63 Million in 24 Hours The cryptocurrency community has been discussing a…

XMR Hits 2-Month High, ADA Extends Recent Gains – Market Updates Bitcoin News

boss

Monero slipped from an earlier two-month high, as December U.S. nonfarm payrolls (NFP) showed signs of a slowing labor market. Figures released today showed that the NFP fell to 223,000, down from a reading of 263,000 the month prior. Cardano was mostly higher, as it rose to a multi-week high. Monero (XMR) Monero (XMR) surged to a two-month high of $158.11 earlier in today’s session, which came prior to the release of December’s U.S. nonfarm payrolls report. However, following the report, which showed that 223,000 jobs were added to the…

Why Bitcoin volatility falling to lows this week might be bad news

boss

Bitcoin’s volatility fell near an all-time low this week, and while the stillness of the price action these past couple months may be welcome, investors may not want it to last forever. Volatility has always been a key characteristic of the cryptocurrency. Lately, some investors have been comforted to see bitcoin react less to volatile macroeconomic events, especially as the stock market stayed highly sensitive to them. On top of that, bitcoin has been relatively stable in the wake of the FTX implosion, aside from an initial decline when the…

BUSD Sees $5 Billion Reduction in Supply in 24 Days, Relationship With Turkish Lira Continues – Altcoins Bitcoin News

boss

According to statistics, the stablecoin BUSD saw a significant drop in its supply over the past 30 days, shedding roughly 23.8% from Dec. 5, 2022, to Jan. 6, 2023. Since Dec. 13, 2022, BUSD’s supply has been reduced by more than $5 billion, going from $21.84 billion to its current level of $16.77 billion. Stablecoin Market Sees Fluctuations With BUSD Losing Significant Supply, Ties to Turkish Lira BUSD, the stablecoin founded by Paxos and Binance, has experienced a significant reduction in its circulating supply. Data shows that among the top…

ETH Lower, as Markets Await Nonfarm Payrolls Report – Market Updates Bitcoin News

boss

Ethereum was marginally lower on Dec. 6, as markets prepared for this afternoon’s nonfarm payrolls report. December’s report is set to show an addition of 200,000 jobs to the U.S. economy, which would be down from November’s figure of 263,000. Bitcoin was also slightly down ahead of the release. Bitcoin Bitcoin (BTC) continued to hover slightly under the $17,000 level on Friday, as markets consolidated ahead of the latest U.S. nonfarm payrolls (NFP). Today’s report is expected to show an addition of 200,000 jobs to the economy, lower than the…

US With Highest Number of Closed Bitcoin ATMs in Negative Growth Year – Bitcoin News

boss

The number of ATMs supporting digital currencies has fallen around the world over the course of a turbulent year for the whole industry. According to a new report, the United States has lost more machines offering crypto teller services than any other country, while Australia tops the chart in terms of new installations. 2022 Ends With Fewer Crypto ATMs Globally, US Removes Almost 200 Devices Automated teller machines (ATMs) allowing users to purchase cryptocurrencies or exchange coins for fiat have decreased in number in the past year. According to data…

Security Audit Completed by Certik – Press release Bitcoin News

boss

press release PRESS RELEASE. Dubai, UNITED ARAB EMIRATES, January 2023, Undeads Metaverse announces the completion of its smart contracts’ security audit conducted by Certik, which included a comprehensive multi-level assessment of Undeads Metaverse in-game smart contracts and product functionality. The focus of the audit was to verify that the smart contract system is secure, resilient and working according to its specifications. Certik is considered one of the top auditors in the world and is a pioneer in blockchain security, utilizing best-in-class Formal Verification and AI technology to secure and monitor…