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Cryptocurrencies

Coinbase Records 50% Loss as the Effect of Crypto Bearish Market Trend Intensifies

04 Nov 2022 @ 16:43
Coinbase revenue fell by over 50% from past years, as cryptocurrency buying and selling activities slow down. Consequently, this has caused the company to lose $545 million compared to a profit of $ 406 million during the third quarter of the last two years (2021). Coinbase raked in as high as 90% of its gains […]
 

Dapper Labs Sacks 22% of their Staff

03 Nov 2022 @ 14:28
The NFT giant Dapper Labs are having a fair share of the current bearish trend in the crypto market. The company had to reduce the size of its staff to manage the worsening conditions in the Cryptocurrency sector. Given the current macroeconomic situation, the company reported sacking 22% of its staff. The Chief executive officer […]
 

BNBUSD Consolidates after a Bullish Breakout

03 Nov 2022 @ 06:59
BNBUSD has been on a downward trend since a significant high was formed at $689.0 in November. The market descended steadily below the moving averages (periods eighty-nine and two hundred). The market dipped as low as $186.9 this year. The ascent from the $186.0 demand level marked a breakout from the bearish channel in July. […]
 

Factors Behind the Better Performance of Ethereum Than Bitcoin

02 Nov 2022 @ 11:16
The Cryptocurrency market has recovered more than 9% over the past weeks. This has raised the overall Capitalization to beyond $1 trillion once more. Meanwhile, some crypto has been doing well than others and Ethereum has been performing better than Bitcoin during the past week. Ethereum has moved up by 17% to its present price […]
 

Binance Establishes its 7th Branch in Ireland

01 Nov 2022 @ 19:15
Binance is the largest cryptocurrency exchange platform in the world and it is expanding its domains in Europe. On Monday, they set up another branch in Ireland. This will make the 7th firm that Binance has in Ireland. Initially, Binance targeted Ireland as the place to set up its headquarters for the whole of Europe, […]
 

Reason behind Binance Investing $500 Million into Elon Musk’s Twitter Deal

01 Nov 2022 @ 16:21
The biggest crypto exchange Binance was one of those giving financial aid to Elon Musk’s acquisition of Twitter. As a result, this has seen Binance investing $500 million into this deal. The CEO of Binance opines that this media platform will get rid of numerous issues, which includes spam remarks and fraud account. Twitter Ought […]
 

Vitalik Buterin Excited About the Delay of Numerous ETFs

01 Nov 2022 @ 16:17
The Joint Founder of Ethereum very recently considered cryptocurrency regulation, pointing out that he is kind of excited that regulators keep declining cryptocurrency exchange-traded funds proposals. In a more expanded controversial Twitter thread on October 30th, Vitalik reiterated that the cryptocurrency sector is still in its infancy of drawing institutional acceptance because it calls for...
 

How Does Blockchain Work?

31 Oct 2022 @ 21:17
The blockchain is made up of a network of computers, these computers are also known as nodes. Blockchain technology is a decentralized computer network used for financial transactions and this makes cheating and fraud impossible because every node on the blockchain network has an exact copy of the same ledger that contains financial deals between […]
 

Ethereum Struggles above $1,300 Support as It Risks a Decline

23 Oct 2022 @ 17:50
Key Highlights ETH/USD resumes consolidation Ether holds above $1,300 support Ethereum (ETH) Current Statistics The current price: $1,312.89 Market Capitalization: $160,742,647,053 Trading Volume: $6,943,790,222 Key Resistance Zones: $2,500, $3,300, $4,000 Key Support Zones: $2,000, $1,500, $1,000 Ethereum (ETH) Price Analysis October 22, 2021 Ethereum (ETH) is in a sideways trend as the...
 

Bitcoin Trades in a Range as It Challenges the Resistance at $19,278

23 Oct 2022 @ 05:39
Key Highlights BTC price is confined between $18,800 and $19,900 price levels A price rebound or  breakdown is imminent Bitcoin (BTC) Current Statistics The current price: $19,201.89 Market Capitalization: $403,328,050,500 Trading Volume: $15,724,931,862 Resistance Levels: $50,000, $55, 000, $60,000 Support Levels: $25,000, $20,000, $15,000 Bitcoin (BTC) Price Analysis October 22, 2021 Bitcoin...
 
 
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