Tag: Report

Countries and institutions move into crypto despite market drop: Report

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The crypto markets have been in decline since the start of the second quarter of 2022. Each time it seemed like the apparent crypto winter would experience a minor thaw, another notable collapse happened: Celsius, Three Arrows Capital, and more recently, FTX. Approaching the end of 2022, it appears that the same negative sentiments are likely to remain. While some analysts say that Bitcoin (BTC) and Ether (ETH) derivatives are currently flashing positive signals for the market due to their high volatility, that same volatility is impacting the sentiment of…

Leader of Suspected Russian Ponzi Scheme Is Arrested in UAE: Report

Finiko was popular in Russia in 2020-2021, marketing itself as a crypto investment fund. The company, which had been conducting public events and openly advertising itself, operated as a multilevel marketing scheme, offering rewards for bringing in new users and targeting mostly women from 30 to 50 years old, according to the Russian investigative outlet The Bell. It could have gotten away with as much as $95 million of investors’ money, The Bell said. Source

Crypto is ‘most mature’ in these 2 countries, new Huobi report reveals

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Bitcoin (BTC) and crypto are only used by 13.7% of Americans, but they generate more exchange volume than anyone else. The latest data compiled by exchange Huobi confirms that in 2022, the United States is the most “mature” crypto market. U.S., Vietnam lead the way on crypto Despite the heavy drawdowns in price for Bitcoin and altcoins this year, interest throughout the world remains “extremely active,” and the leaders may come as a surprise. In its latest annual report, Huobi Research, an affiliate of Huobi Global, revealed that the U.S.…

GameStop Q3 2022 Report Underwhelms, Revenue Comes in $170M Less than Expected

The GameStop Q3 2022 earning report showed poor figures that reflect reduced consumer spending on its products. GameStop (NYSE: GME) recently reported a bigger-than-anticipated loss on its Q3 2022 financial outing. The video game and gaming merchandise giant missed analysts’ estimates for several reasons, including the inflation pinch. Following its earnings miss for the period ended September 30th, GameStop’s management demonstrated an openness to acquisitions for the right price. GameStop Q3 2022 Outing GameStop’s revenue for the third quarter came in at a relatively tame $1.19 billion. This figure compared unfavorably…

Mobileye Posts Q3 2022 Earnings Report, Beats Out Analysts’ Expectations on Revenue

Mobileye reported that it made $450 million in Q3 2022 and has now forecast fourth-quarter revenue to $527 million-$545 million. Mobileye Global Inc (NASDAQ: MBLY) recently posted its Q3 2022 financial report, which revealed better-than-expected numbers for the Jerusalem-based Intel Corporation (NASDAQ: INTC) spinoff. For the third quarter of this year, Mobileye’s total revenue surged 38% year-over-year (YoY) to $450 million compared to analysts’ expectations of $447 million for the same period. In addition, the Israeli autonomous driving technology developer also saw its share price climb 6.26% to $32.40. Following its substantial Q3 2022…

FTX hires forensics team to find customers’ missing billions: Report

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The new management for bankrupt crypto exchange FTX has reportedly hired a team of financial forensic investigators to track down the billions of dollars worth of missing customer crypto. Financial advisory company AlixPartners was chosen for the task and is led by former Securities and Exchange Commission (SEC) chief accountant, Matt Jacques, according to a Dec. 7 report from the Wall Street Journal. It is understood that the forensics firm will be tasked with conducting “asset-tracing” to identify and recover the missing digital assets and will complement the restructing work…