Coinspeaker

2022-11-22 18:21:17 On Monday, November 21, the brent crude price tanked under $87 per barrel amid receding supply fears. The Brent Crude price for January slipped by 0.3% or 28 cents to $87.34 a barrel, the lowest since September 27.

The contagion of the massive FTX collapse spread to the crypto market and other crypto businesses. On Monday, November 21, the share price of Coinbase Global Inc tanked to an all-time low after dropping another 9%.

Cardano’s parent Group Input Output Global has announced the launch of a new data-protection and privacy-centric blockchain platform along with an accompanying token.

The holiday week in the US saw stocks close lower after a volatile session to begin a short trading week. Meanwhile, the shares of multinational mass media conglomerate Disney jumped 6% just before the Thanksgiving break began.

BTC price has gained some of its losses and was seen trading at $15,728, per CoinMarketCap data. But despite the appreciable gains, analysts believe that a further dip is not avoidable.

Telecommunications company Ericsson has pledged to invest millions in the UK to focus on 6G research. The investment will linger for a period of 10 years in the UK without specifying the exact amount of money that would go into the vision. Open / Comment

2022-11-21 20:16:35 Goldman Sachs recently cut back on its oil forecast for the fourth quarter of 2022 due to a number of reasons. These include increasing Covid outbreaks in China and a lack of clarity regarding the intent to cap Russian oil prices by the G7 nations.

Ripple Inc, a leading blockchain technology company, is reportedly interested in some of the assets of the bankrupt FTX exchange. According to Ripple chief executive officer Brad Garlinghouse, the former FTX CEO Sam Bankman-Fried contacted for a capital round two days before filing for bankruptcy.

The shares of American multinational mass media and entertainment conglomerate, Walt Disney Co are seeing an impressive rejuvenation in the Pre-market today as the news of the reinstatement of Bob Iger as the new Chief Executive Officer has continued to impress investors.

Crypto market data analytics firm CoinGecko has just published a report on the impact of the FTX collapse. According to the report, the users mostly affected by the fallout are Asians, hailing mostly from South Korea, Singapore, and Japan, in that order. Open / Comment

2022-11-18 20:52:37 In addition to news of Amazon planning to let go of thousands of employees, the company has added that the layoffs will extend into 2023.

Elon Musk, the new Twitter owner and CEO, has rolled out in-office requirements for employees as he aims for Twitter 2.0.

Bitcoin price is trading close to the $16,700 level with a market cap of $321 billion which is a serious reason for concerns from the side of traders.

Crypto lender Nexo is planning to launch its multifunctional non-custodial smart wallet called “The Nexo Wallet".

Blockchain payments firm Ripple Labs Inc is looking to expand its presence in the European Union by securing a license to operate in Ireland. Open / Comment

2022-11-17 18:45:40 British financial technology company Revolut has unveiled plans to launch the Lite version of its application as it seeks to give more people in low-income countries enhanced accessibility to its products.

Elon Musk has confirmed that his position as the CEO of Twitter is temporary. As a matter of fact, he said he does not want to be the CEO of any company.

Next month in December, the House Financial Services Committee said that it will hold a hearing on the collapse of the crypto exchange FTX and its broader implication on the entire crypto industry.

Binance cryptocurrency trading platform, the largest exchange in the blockchain ecosystem is reportedly looking at making bids to acquire the liabilities of some of the distressed firms in the industry. Open / Comment

2022-11-16 20:01:40 The growing inflation in the United Kingdom is becoming more worrisome as the latest data shows the inflation in the month of October was pegged at 11.1%.

Cryptocurrency exchange Binance has announced the launch of its first Cristiano Ronaldo NFT collection. The CR7 NFT collection will be available from Friday, November 18.

USDC issuer Circle has announced a new integration with Apple Pay that allows its customers to pay and receive money in the stablecoin. The partnership is expected to boost business sales and make payments quicker, easier, and more secure.

Vitalik Buterin, Ethereum’s founder and one of the top voices in the digital currency ecosystem today, has weighed in on the collapse of the Sam Bankman-Fried-led FTX Derivatives Exchange.

As central banks globally push further in their efforts to roll out a central bank digital currency, the New York Fed Bank recently revealed plans to launch a proof-of-concept pilot for a CBDC, which will run for 12 weeks. Open / Comment

2022-11-14 19:20:46 The world’s largest cryptocurrency exchange Binance has revealed plans to launch an industry recovery fund. The fund is aimed at resuscitating the crypto industry from its ongoing downtime.

American multinational financial services corporation and payments firm, Visa Inc has announced the termination of its partnership with the now-bankrupt FTX Derivatives Exchange.

Multinational investment bank Goldman Sachs is expecting to see a “significant” drop in US inflation come 2023. After a year of economic hardship, losses, and historic declines, Goldman Sachs said US inflation will ease in 2023.

Popular billionaire and Amazon founder Jeff Bezos has declared his plan to give away a larger part of his wealth to charity. The businessman said his charity would be devoted to fighting climate change and supporting people.

Elon Musk's company SpaceX has allegedly bought a massive advertising campaign from the newly-purchased social media site Twitter. The campaign is all set to advertise SpaceX’s internet service Starlink, which is specifically focusing on a client base in Australia and Spain. Open / Comment

2022-11-11 21:11:06 FTX Group of companies has officially filed for Chapter 11 Bankruptcy in the United States, marking one of the darkest weeks in the history of the digital currency ecosystem.

Elon Musk has issued the first general email to Twitter employees as the new owner and CEO of the microblogging platform. In the company-wide memo, the outspoken businessman stated that he is discontinuing Twitter’s “work from home forever” policy.

American multinational technology company, Amazon is reportedly undergoing a comprehensive review of its business units in an effort to identify areas it needs to prune workers from.

Binance has added support for credit and debit card payments through Apple Pay and Google Pay. According to the company, users from the United Kingdom and European Economic Area countries can carry out crypto purchases with their cards. Open / Comment

2022-11-09 16:24:26 Binance has agreed to buy rival crypto exchange FTX following the collapse of the latter’s native exchange token FTT. The deal was confirmed by the CEO of the two parties.

Elon Musk sold an additional $3.95 billion worth of Tesla shares following the closure of his $44 billion Twitter acquisition. Filings with the US SEC reveal that the Tesla chief executive sold 19.5 million more shares of the electric vehicle maker.

Billionaire Meta CEO Mark Zuckerberg has announced he will commence employee layoffs tomorrow. This is likely to be Meta’s largest employee layoff ever after eighteen years of existing as a company.

German engineering and technology giant Bosch has announced its new partnership with IBM as it embarks on a rare journey to find alternatives to rare earth metals that are widely used in electric cars.

FTX’s Sam Bankman-Fried has reportedly lost over 93% of his net worth. It has become known after the Bloomberg Terminal updated the estimated net worth Bankman-Fried to $991 million on November 8, down from $16 billion the previous day. Open / Comment

2022-11-08 22:33:52 American multinational technology firm NVIDIA Corporation said it has reconfigured its chip specifications in a way that is soothing for export to the Chinese market.

French automaker Renault SA is deepening its ties with Google Cloud, a division of American multinational tech giant Alphabet Inc, as it looks to develop vehicles for the future.

The Queen of the Netherlands has declared her support for the rollout of the digital euro. The president of the ECB, Christine Lagarde, has always been vocal about her confidence in the digital currency and its potential.

Following what seemed like a sustained calm since it broke the $20,000 mark, Bitcoin price has suddenly hit a reversal. The world’s largest cryptocurrency reached an intraday low of $19,448.

Bitmex, a leading cryptocurrency derivatives exchange, is launching its first BMEX Token specifically for trading, introducing an altogether one-of-a-kind opportunity to compete in an IEO from an original crypto exchange.

Fresh reports about trademark applications may have revealed that interest in NFT is still very much active. This is despite a wider market downturn that saw its sales and trading volume dwindle by a considerable amount.

Popular Chinese automaker BYD has disclosed its plan to launch a new Premium EV. The Shenzhen-based automobile company plans to unveil the electric vehicle by the first quarter of 2023. Open / Comment

2022-11-07 18:45:41 Tech giant Apple has announced a delay in the shipments of the high-end iPhone 14 models due to the Covid lockdown in China. The Chinese government has announced another lockdown across the country, emphasizing its target of zero Covid.

Solana made a series of announcements during its annual gathering at Breakpoint 2022 in Lisbon, scheduled for Nov. 5th to Nov. 7th. As the blockchain platform braced up to go mainstream, it announced the launch of smartphones, a partnership with Google Cloud, and web3 stores.

The European Union’s Central Bank Digital Currency dubbed the Digital Euro may be launched with some restrictions or transaction limit for individual retail users.

Meta Platforms plans to embark on a mass layoff of employees this week. The WSJ report states that the multinational tech conglomerate is on the verge of axing thousands of employees off its 87,000+ workforce. Open / Comment