XRP is pulling back from intraday highs amid more intense trading activity, holding above key support levels while lagging broader crypto benchmarks. News context XRP slipped 1.17% to $2.39 during Tuesday’s session, underperforming the CD5 index by 1.47 percentage points as sellers regained control in the short term. The move came despite a 5.77% increase […]
And then as the structure tightens between $2.33 and $2.44 Read More »
Crypto-related stocks took a beating on Wednesday, with high-flying Bitcoin miners with artificial intelligence (AI) infrastructure recently taking the hardest hit. Bitfarms (BITF), Cipher Mining (CIFR), Hut 8 (HUT) and HIVE$0.1359 fell by 10 to 15% in the early hours of the session. Galaxy (GLXY), the digital asset investment firm with a growing data center
GLXY, HUT and BITF in the lead decline on Wednesday Read More »
In a move that underscores the growing convergence of decentralized infrastructure and enterprise AI, Inveniam Capital Partners has signed a definitive agreement to acquire Storj, a long-time player in decentralized cloud storage, the company announced in a press release on Wednesday. Financial details of the transaction were not disclosed. The deal will integrate Storj’s distributed
Inveniam Capital Partners Acquires Storj to Advance Decentralized Data Infrastructure Read More »
Crypto exchange Kraken’s revenue more than doubled in the third quarter as the crypto exchange ramps up for an expected public listing next year. The company, legally known as Payward Inc., generated $648 million in revenue in the third quarter, an increase of 114% from the same period last year. Kraken defines revenue as gross
Crypto Exchange Kraken Revenue More Than Doubles in Q3 to $648 Million Read More »
Hello, Asia. Here’s what’s making news on the markets: Welcome to Asia Morning Briefing, a daily summary of the top news stories during U.S. business hours and insight into market movements and analysis. For a detailed look at US markets, check out CoinDesk’s Crypto Daybook Americas. Crypto markets entered a holding pattern mid-week. Bitcoin is
The UK’s Financial Conduct Authority (FCA) said it is pursuing cryptocurrency exchange HTX for illegally promoting digital asset services in the country. The FCA has started legal proceedings against the exchange formerly known as Huobi in the High Court in London, according to an emailed statement on Thursday. The financial regulator had previously issued warnings
UK FCA sues Crypto Exchange HTX for illegal promotion of digital assets Read More »
T. Rowe Price, the 87-year-old investment firm known for its mutual funds, is getting into crypto. On Wednesday, the company filed a Form S-1 with the U.S. Securities and Exchange Commission (SEC) to launch the T. Rowe Price Active Crypto ETF. The S-1 is a key regulatory filing that signals a company’s intent to list
T. Rowe Price files to launch active crypto ETF in strategic pivot Read More »
Stellar’s XLM fell 5% on Tuesday from $0.3284 to $0.3119 after falling below a critical support level of $0.32 that had held for weeks. This is one of the biggest declines for XLM in recent sessions, highlighting renewed bearish momentum in a market largely driven by technical factors rather than fundamentals. The selling accelerated around
Stellar falls 5%, falling below $0.32 support Read More »
Investment bank B. Riley upgraded Core Scientific (CORZ) to buy from neutral and raised its price target on the stock from $17 to $30, citing strong standalone value and new momentum in high-performance computing (HPC). The bank’s analysts expect shareholders to reject Core Scientific’s proposed merger with CoreWeave (CRWV), noting that the stock lags its
CORZ upgraded to buy; WULF a top pick at B. Riley Read More »
Google said it had achieved a verifiable “quantum advantage” with its Willow chip, performing a calculation that would take classical supercomputers thousands of times longer. The reported breakthrough could reignite a debate within the cryptocurrency community about the possible detrimental effects that quantum computing could have on Bitcoin, whose operation and security relies on cryptographic
Google’s new claim of quantum breakthrough could reignite debate over Bitcoin threat Read More »
