Tag: Report

Bitcoin Could Benefit From “Flight To Quality” Trend: Report

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In the last seven days, Bitcoin has gone up by 10.50%, following a series of significant gains across the week. Most notably, the largest crypto asset surged by 7% on Monday following the emergence of fake news on the approval of the BlackRock iShares Bitcoin Spot ETF. As expected, this price gain drew a plethora of reactions from various crypto enthusiasts and analysts. In particular, Larry Fink, the CEO of BlackRock, stated in an interview with Fox Business that the BTC surge was partially due to the fake news of…

Solana gaining momentum according to Nansen report

Following FTX’s collapse, Nansen on-chain data shows that SOL has outperformed ETH, emerging as the preferred investment choice.  At the same time, Kaiko, an alternative source of cryptocurrency market data, reports that Solana is still suffering the effects of the exchange’s bankruptcy. Looking forward According to recent findings from Nansen, Solana’s Total Value Locked has nearly doubled since the beginning of the year, reaching a substantial 30.95 million SOL, as the Solana vs. Ethereum ratio has since been reported to be approaching year-long highs. Since the collapse of FTX, SOL has declined…

Bitcoin price shrugs off bears, but mining stocks take a beating: Report

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Until Bitcoin (BTC) breaks its long-established $25-30k trading range, the crypto market is arguably in what some analysts have called a “crab market”. It is likely that a decisive macroeconomic or crypto-specific catalyst will be necessary to break out of it. This failed to occur in the month of September.  BTC price briefly tested the lower end of the established trading range and touched $25,200. In the second half of the month, however, the price recovered to $26,900 and posted a monthly close of +3.92%. This both bucked the historical…

Binance Publishes Q3 Market Pulse Report Describing Quarter as Challenging for Crypto Market

According to the Binance report, the crypto market saw declines across the board in Q3, as fundraising and developer activities tanked. Binance has called the third quarter of 2023 “a challenging quarter” for crypto. In its Q3 “Market Pulse” report, Binance highlighted a few drawbacks the crypto industry faced, adding insights and shedding light on the general state of the industry. The report revealed declines in the industry across several points. For instance, Binance notes that the total market capitalization fell by 8.6% quarter-on-quarter (QoQ) despite a rally following Ripple…

Binance Q3 report appraises crypto market as ‘challenging’ amid high interest rates

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It’s been a challenging quarter for crypto, Binance has confirmed in its Q3 market pulse report. The market was down in many sectors, the report found, although the entry of institutional players such as Deutsche Bank, Sony and PayPal helped offset some of the pain.  The global crypto market capitalization was down 8.6% quarter-on-quarter (QoQ) “with the ‘higher for longer’ interest rate rhetoric set to persist.” Fundraising was at its lowest since Q4 2020 and down 21.4% QoQ, with infrastructure doing significantly better than other sectors. Activity was down slightly…

Tesla Earnings Report Show Firm Holding onto Bitcoin in Q3 2023

Tesla continues to hold on to its BTC holding having last sold about 75% of it in the second quarter of 2022. It has now been five consecutive quarters that electric vehicle maker Tesla Inc (NASDAQ: TSLA) has left its sizable Bitcoin (BTC) holdings untouched. That is despite recently spending greatly towards improving its artificial intelligence (AI) ambitions and projects. According to Tesla’s Q3 2023 report that was released on Wednesday, the company still has $184 million worth of digital assets in its possession. That is as of September 30.…

financial forensic report exposes FTX $9.3b money trail

Following evidence of political affiliations unearthed by an FBI agent, a government witness in Sam Bankman-Fried’s criminal trial provided financial analysis pointing to conspiracy and fraud based on FTX and Alameda’s bank records. An FBI analyst plus a former FTX and Alameda executive testified to Bankman-Fried’s courting of the political class which evidence suggests was funded with user deposits.  Prior testimonies from the first and second weeks of the trial backed up these claims, with additional accounts that said Bankman-Fried spearheaded fraud, conspiracy, money laundering and campaign finance violations. The…

MOON, BRICK and DONUT Token Prices Plunge 60%-90% on Report of Community Points Windown

Moons (MOON), the native token of Reddit’s r/CryptoCurrency community, is lower by 85% on the news, while Bricks BRICK, distributed as a reward for contributions in the r/Fortnite subreddit, is down 67%. Donut DONUT the token that represents the community points of the r/ethtrader subreddit is off 66%. Source BrickCommunityDonutMoonPlungePointsPricesReportTokenWindown CryptoX Portal

Sui (SUI) Foundation Calls Report of Supply Manipulation ‘Materially False’

The Sui Foundation denied the allegations in an emailed statement to CoinDesk. “The Sui Foundation wants to address unfounded and materially false statements surrounding the supply of SUI tokens. Contrary to recent conjecture, there has never been any sale of SUI tokens by the Foundation after the initial Community Access Program (CAP) distributions,” according to a spokesperson for the Sui Foundation. Source