Crypto News
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New York Attorney General Letitia James today sued cryptocurrency trading company NovaTechFx (NovaTech), its founders Cynthia and Eddy Petion, and cryptocurrency mining company AWS Mining Pty Ltd. (AWS Mining), for engaging in illegal pyramid schemes that defrauded hundreds of thousands of investors, including over 11,000 New Yorkers, of over a billion ...
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GameStop stock (GME) rose 47% on Thursday after a YouTube account believed to be tied to investor Keith Gill, also known as "Roaring Kitty" on social media, posted a livestream scheduled for Friday at noon ET. After the market close, Reddit user DeepF***ingValue, an account previously tied to Gill, posted a new screenshot purporting to show their position ...
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It is a liquidity metric that shows how many buy and sell orders there are for a given cryptocurrency at different price points. So, how is market depth displayed? A depth chart is commonly used to illustrate this data. It plots buy orders (bids) on one side and sell orders (asks) on the other against price levels. For example, consider the order book of ...
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Bitcoin Cash (BCH) saw a 2% gain on Thursday following proponent Roger Ver's bail from a Spanish prison, according to a Bloomberg report. Bitcoin Cash gains strength following Roger Ver's release: Roger Ver, popularly known as Bitcoin Jesus, was reported to have been granted bail from a Spanish prison on Thursday, according to Bloomberg. Although released ...
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It’s not just bitcoin’s price that’s expanding. The blockchain on which bitcoin resides – one of the pioneers in the space — is also rapidly adding heft. The expansion of the bitcoin blockchain could bring with it a variety of implications, including solidifying the overall usage case for blockchain technology. In turn, such shifts could stoke newfound ...
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Bitcoin miner Core Scientific Inc. has rejected an unsolicited $1 billion takeover offer from artificial intelligence startup CoreWeave Inc., just days after the companies announced a partnership that they projected would generate about $3.5 billion in revenue. The Austin, Texas-based company is one of the largest digital-asset miners by computing power ...
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After yesterday's breathless Nvidia-led meltup, which saw the AI chipmaker surpass both $3 trillion in market cap and Apple's valuation, today's session was a boring affair by ...
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The ECB expectedly cut rates by 25bp today, but refrained from giving clear signals about the path ahead. That said, given that the new staff forecasts show inflation returning to ...
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As the saying goes, “There are lies, damn lies and statistics.” And on the first Friday of every month, the American public gets a ton of new statistics to peruse. That’s when the ...
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The Governing Council today decided to lower the three key ECB interest rates by 25 basis points. Based on an updated assessment of the inflation outlook, the dynamics of underlying inflation and the strength of monetary policy transmission, it is now appropriate to moderate the degree of monetary policy restriction after nine months of holding rates steady. Since the Governing Council meeting in September 2023, inflation has fallen by more than 2.5 percentage points and the inflation outlook has improved markedly. Underlying inflation has also eased, reinforcing the signs that price pressures have weakened, and inflation expectations have declined at all horizons. Monetary policy has kept financing conditions restrictive. By dampening demand and keeping inflation expectations well anchored, this has made a major contribution to bringing inflation back down. post: #ECB CUTS DEPOSIT FACILITY RATE BY 25BPS TO 3.75%; EST. 3.75% - BBG *ECB CUTS MARGINAL LENDING FACILITY TO 4.50%; EST. 4.50% *ECB CUTS MAIN REFINANCING RATE BY 25BPS TO 4.25%; EST. 4.25% post: ECB SAYS ECB WILL CONTINUE TO REINVEST, IN FULL, PRINCIPAL PAYMENTS FROM MATURING SECURITIES PURCHASED UNDER PEPP UNTIL END OF JUNE 2024 || ECB SAYS OVER SECOND HALF OF YEAR, IT WILL REDUCE PEPP PORTFOLIO BY €7.5 BILLION PER MONTH ON AVERAGE ECB SAYS ECB INTENDS TO DISCONTINUE… post: ECB Not Pre-Committing To Any Particular Rate Path - Inflation Likely To Stay Above Target Well Into Next Year - Raises Inflation Forecasts For 2024, 2025European Central Bank cuts main interest rate by 0.25 points The European Central Bank has eased the pressure on borrowers across the eurozone after cutting its main interest rate for the first time in almost five years. The ECB reduced its deposit rate to 3.75% from a record high of 4%, putting it ahead of the US Federal Reserve and the Bank of England, which have yet to cut interest rates. Financial markets eagerly anticipated the first eurozone cut since September 2019, which will also affect the ECB’s main refinancing operations rate, which fell from 4.5% to 4.25%. City analysts had forecast the cut in borrowing costs at the ECB’s June meeting after signals that that the central bank was ready to offer more support to eurozone economies after a period of economic stagnation following the Russian invasion of Ukraine.
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China's Trade Balance for May, in Chinese Yuan terms, came in at CNY586.40 billion, widening from the previous figure of CNY513.45 billion. Exports jumped by 11.2% YoY in May vs. ...
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On Thursday (June 6), bitcoin (BTC) declined by 0.22%. Partially reversing a 0.75% gain from Wednesday (June 5), BTC ended the session at $70,823. Investor apprehension about the US Jobs Report impacted buyer demand for US BTC-spot ETFs. After disappointing US ADP private payroll figures for May, investors are betting on a September Fed rate cut. ...
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A key technical chart pattern suggests that Bitcoin price could be headed to the $85,000 mark, but the world’s first cryptocurrency needs a weekly close above $71,300 to confirm more upward momentum. Technical analysis using the Wyckoff method points to a potential Bitcoin price breakout to the $85,000 mark, according to crypto analyst Mikybull. The analyst ...
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Binance can once again allow Mastercard users to purchase cryptocurrencies on the world’s largest exchange, after the card giant switched off that capability in August of 2023. Last year’s decision by the card networks to part ways with Binance happened around the time the exchange was grappling with legal challenges in the U.S., including multiple charges ...