news

Moody’s Revises US Credit Outlook to 'Negative' The credit agency Moody’s has downgraded the United States credit outlook from 'stable' to 'negative'. This decision comes as a result of concerns over persistent large fiscal deficits and diminishing debt affordability. Moody's revision follows a previous downgrade by Fitch and reflects ongoing apprehension among investors regarding federal […]

Solana (SOL) has been the talk of the crypto community this weekend, as its value against the U.S. dollar has experienced a remarkable surge. Within the past 24 hours, SOL has gained 11%, and over the course of the week, it has seen an impressive 45.2% increase, propelling it to become the sixth largest asset

Dispelling Rumors and Rejecting Cash Shortage Reports The Central Bank of Nigeria (CBN) has dismissed rumors suggesting that the previously demonetized naira banknotes are no longer legal tender. In a statement issued on November 8th, the bank emphasized that all banknotes issued by the CBN remain legal tender and should not be rejected by anyone.

A recent study conducted by Glassnode on onchain activities has revealed that the scarcity of the bitcoin supply has tightened. This observation comes despite a substantial increase in the value of bitcoin throughout the current year. Bitcoin's Tightening Supply Defies Price Rally, Reveals Glassnode Study Over the past year, BTC has experienced a surge of

Economist Nouriel Roubini's Firm Reveals Climate-Focused Crypto Token Critics are currently roasting economist Nouriel Roubini, whose disdain for cryptocurrency is well-documented, as his company Atlas Capital announces its venture into the very market he once scorned. The firm is rolling out a crypto asset token crafted to combat the "negative effects of climate change," marking

NFT Market Revives With 7-Day Gains Between October 29 and November 5, 2023, sales of non-fungible tokens (NFTs) experienced a significant increase of 18.30% compared to the previous week, reaching a staggering $106.32 million. This surge in NFT sales is indicative of a revival in market activity, with both the number of buyers and sellers

Recorded Net Income and Adjusted EBITDA In the third quarter of 2023, Coinbase, the publicly-traded cryptocurrency exchange, outperformed expectations despite the extended crypto market slump. In their most recent shareholder letter, Coinbase disclosed a net income of $2 million and an adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) of $181 million for the

Bitcoin.com Announces Launch of VERSE Token on Polygon Network Bitcoin.com, a trailblazer in democratizing cryptocurrency access, is excited to unveil its VERSE token on the Polygon PoS chain. This groundbreaking move follows the first-ever direct vote by the Verse community, showcasing Bitcoin.com's dedication to community-driven decision-making and embracing the concept of decentralization. Verse Community Chooses

Paypal's Successful FCA Registration Paypal, the renowned payments giant, has recently achieved registration with the Financial Conduct Authority (FCA) in the United Kingdom. This significant development was verified by the FCA's website on October 31. The registration comes after a temporary pause in Paypal's crypto purchases within the U.K., with the company promising to reinstate

New York Judge Hopes for Expedited SEC Decision on Celsius’ Repayment Proposal Judge Martin Glenn, overseeing the bankruptcy of Celsius, has urged the U.S. Securities and Exchange Commission (SEC) to quickly decide whether to authorize the company's transformation into a crypto mining firm. During a court hearing, Glenn expressed his hope for an expedited decision-making