Coinspeaker

2023-01-16 22:06:02 The crypto market volatility continued during the weekend with Bitcoin price rallying slightly above $21K on Sunday. Ethereum price has surged to its highest level since November 8 as demand for the network also continues to build up.

For the first time ever, Thailand will be allowing the operation of virtual banks in the country. The nation’s central bank, the Bank of Thailand, revealed plans to roll out virtual banks as the government tries to boost competition and more.

Leading stablecoin Tether has reportedly flipped top payment processors Visa and Mastercard in terms of settlement volume. This was disclosed in a recent tweet by Tether, suggesting that USDT processed about $18.2 trillion in transactions in 2022.

After an 18-month suspension in China, Didi finally got approval to relaunch its app on Monday, 16th January 2023. The Chinese authorities authorized the country’s app stores to delist Didi in July 2021. Open / Comment

2023-01-13 17:24:49 On Thursday, January 12, the European markets closed to their highest levels in eight months since April 2022. Stoxx 600, the pan-European index closed at 0.7% higher with most sectors in the positive territory.

Rent the Runway Inc, a fashion company that provides women with the ability to rent designer clothing and accessories, has partnered with Amazon to launch a Rent the Runway Amazon Fashion storefront.

Bitcoin price gained over 3 percent on Thursday and briefly traded above $19K for the first time in eight weeks. The increased upward volatility on the Bitcoin and altcoin market coincided with the US Consumer Price Index data released on January 12.

Tesla has slashed the prices of its vehicles in the United States, and other key markets in Europe. The price slash extends to its pricing in the United Kingdom, Austria, France, Germany, the Netherlands, Norway, and Switzerland. Open / Comment

2023-01-12 22:48:41 Bitcoin and the broader cryptocurrency market registered a fresh rally on Wednesday, January 11. The world’s largest cryptocurrency gained over 4.5% in a single day moving past $18,200 levels.

Сrypto exchange Huobi announced that they would be delisting a total of 33 tokens citing trading risks and low volumes on the platform.

Social media company Twitter Inc is considering selling user names to generate more revenue. The company’s employees have been talking about the possibility of selling some user names for the service since last December.

Several analysts believe that the US economy and stocks could face a challenging 2023 run, even trailing Europe in the process. For instance, Deutsche Bank’s CIO for EMEA, predicted that Europe would outperform the US in economic growth and capital markets this year.

Apple is mulling releasing a touchscreen version of its Mac laptop line in the near future. According to reports, the tech giant could release a touchscreen-enabled MacBook Pro laptop as early as 2025.

FTX Arena is a thing of the past. As the crypto industry is slowly coming to terms with the massive fall of crypto exchange platform FTX, a judge from Florida declined FTX its naming rights to the home of the Miami Heat on Wednesday. Open / Comment

2023-01-11 23:40:54 App Store is slowing down its steady growth. Apple has released its annual report with the revenue generated by App Store in 2022. The document demonstrates the total amount of money received from the App Store developers since 2008.

Crypto exchange Gemini has taken its disagreement with Digital Currency Group’s Genesis Global a step further. This follows after it recently announced a decision to terminate a major aspect of an existing partnership between the duo.

Jane Manchun Wong, a prominent reverse engineering expert, has disclosed that the social media platform Twitter is moving closer to inaugurating a new feature which is known as Coins.

Japanese multinational corporation Suzuki Motor Corporation’s Indian Unit has unveiled a concept electric SUV called ‘eVX'. The company announced the new EV at the Auto Expo 2023.

Currency analysts and experts are turning bullish on the euro as the continent tries to withstand a recession. With 2023 well underway, the markets head into uncertainty amid shifting economic data and fiscal policy. Open / Comment

2023-01-10 16:51:44 Crypto-related stocks jumped higher on Monday due mainly to the modest Bitcoin rally that took the leading token above $17,200. BTC has wallowed in the mid-$16K range since early December and is now up 5% in 2023.

Global investment bank Goldman Sachs Group Inc is expected to lay off about 3,200 workers beginning this week. This represents 6.5 percent of the firm’s 49,100 staff.

On Monday, January 9, the Swiss central bank reported losses of $143 billion for the financial year 2022. This is the biggest loss reported by the central bank in its 116 years of history.

Small satellites launcher Virgin Orbit Holdings Inc has recorded a massive slump in its share price following its failed space mission from the United Kingdom.

Hesai Technology, the Chinese leader in lidar technology for autonomous driving and ADAS, is planning to file for a US initial public offering as early as next week. Open / Comment

2023-01-09 17:23:15 The shares of Ant-linked firms jumped Monday on news that Ant Group founder Jack Ma is ceding control of the fintech giant. The Hong Kong-listed shares of Ma’s Alibaba Group closed 8.7% higher, while the shares of other Ant-staked companies also rose.

Mexican CBDC will likely not be ready until after 2024. Representatives from the Mexican central bank, Banxico, recently issued a statement saying the digital peso development was still in its initial phase, suggesting that a launch may take longer.

Bitcoin price recently gained some momentum that saw it break past the $17,000 benchmark. The flagship cryptocurrency surged to a new yearly high of $17,248.

The US DoJ has established a website to cater specifically to victims of Sam Bankman-Fried. The website opens communication channels between US prosecutors and the SBF victims, urging them to send an email for verification.

The rate of adoption of ADA may have just taken another dimension. This follows after Cardano founder, Charles Hoskinson, recently hinted about the launch of his new clinic, the “Hoskinson Health & Wellness Clinic”.

Rolls-Royce recently revealed record annual sales and a strong order book spearheaded by buyers from the Middle East in 2022. According to the luxury automobile maker, it sold 6,021 cars last year for the first time in its 118-year history. Open / Comment

2023-01-06 20:16:08 New York’s state attorney general Letitia James revealed on Twitter that she is suing the former Celsius Network head for defrauding investors out of billions of dollars.

BMW unveiled a concept car dubbed iVision Digital Emotional Experience, that can talk and change colors on demand. The DEE prototype is expected to hit the market in two years, according to the company's CEO.

Shopify merchants can now mint and list their NFTs through their storefronts using one of the platform’s blockchain apps – Venly. Merchants do not need to refer clients to popular, dedicated NFT marketplaces like OpenSea, Rarible, or Magic Eden. They can instead use Venly to mint NFTs on Avalanche.

Tesla has cut the price of its flagship Model 3 and Model Y cars in China. This is the second time since October that the automaker will be making such a move amid growing competition among local auto brands. Open / Comment

2023-01-04 19:17:33 The former CEO of FTX Sam Bankman-Fried pleaded not guilty to all eight counts of federal charges in New York on the 3rd of January. All eight charges were related to the collapse of the now-bankrupt crypto company FTX and hedge fund Alameda Research.

Australian city of Coolangatta announced the launch of its first Bitcoin ATM integrated with Lightning Network capabilities. The new Bitcoin ATM in Coolangatta has been installed at The Strand shopping center and is available for public use.

According to Arcane Research, Binance is the clear winner among crypto exchanges considering performance in 2022. An Arcane January 3rd report highlighted the Changpeng Zhao-led platform soared due to a favorable combination of factors.

Mortgage demand in the US ended 2022 down 13.2%, with interest rates on the rise. Following a brief lull in the first half of December last year, mortgage application volume sank substantially at the end of last week.

Dubai has announced that it is scrapping its 30% tax on alcohol sales for the rest of 2023. This is the municipality’s latest step towards strengthening the tourism sector and attracting foreign residents through policy changes. Open / Comment

2023-01-03 18:48:27 The price of gold has surged to a six-month high, even as analysts predict it will rise further as 2023 begins. In the early hours of Tuesday, spot gold peaked just shy of $1,850 per troy ounce.

Many companies, including EV giant Tesla Inc, have released reports on their 2022 performance, showing remarkable feats and losses. Even as Tesla had great results in production and deliveries in 2022, the company missed analysts’ expectations in its Q4 numbers.

As we enter 2023, market players have been giving some extreme predictions for the BTC price from the $5,000 to $250,000 range. Let’s take a look at the Bitcoin price prediction made by market veterans and other financial institutions.

The Foxconn group has suddenly become a center of attraction as its iPhone plant is allegedly operating at ninety percent of capacity, even when the world is struggling with the resurgence of COVID and the increased number of victims. Open / Comment

2022-12-31 13:29:45 Dear readers, let us wish you all the best in the New Year! We hope that 2023 will bring you happiness, love, and joy!

Summing up the year, we prepared our Top 15 Stories of the Year

Thank you for staying with us,
Coinspeaker team Open / Comment