Business – Page 156

Dogecoin Near Make-or-Break Zone After Fresh Bitcoin Slide

The memecoin broke below the critical $0.1720 level on heavy volume as sellers dominated the US session and tested the resilience of long-term technical support. News background Dogecoin extended its decline on Tuesday, tumbling 5.5% from $0.1831 to $0.1730 as bearish momentum accelerated across European trading hours. The sharp move unfolded within a $0.0121 range […]

Dogecoin Near Make-or-Break Zone After Fresh Bitcoin Slide Read More »

Gemini (GEMI) Share Price Falls After Crypto Exchange’s Earnings Fall Below Estimates

Business / Leave a Comment

Gemini Space Station (GEMI), the crypto exchange founded by Tyler and Cameron Winklevoss, reported a deeper-than-expected third-quarter loss in its first earnings since going public. Heavy expenses, particularly on marketing and IPO-related costs, led to a net loss of $159.5 million, or $6.67 per share. share, in the period. That was double a loss of

Gemini (GEMI) Share Price Falls After Crypto Exchange’s Earnings Fall Below Estimates Read More »

Bitdeer (BTDR) shares fall 20% on bigger-than-estimated third-quarter net loss, ASIC Chip Delay

Business / Leave a Comment

Bitdeer Technologies Group (BTDR), a bitcoin BTC$103,384.84 miner and equipment maker that announced a strategic pivot into artificial intelligence and data center infrastructure in October fell 20% on Monday after saying its next-generation ASIC chip was delayed and reporting a bigger-than-expected third-quarter loss. Net loss widened to $266.7 million, or $1.28 per share, from $50.1

Bitdeer (BTDR) shares fall 20% on bigger-than-estimated third-quarter net loss, ASIC Chip Delay Read More »

CRWV Shares Fall 9% on Weak Outlook and Data Center Lags, CORZ Fallout

Business / Leave a Comment

CoreWeaves’ ( CRWV ) downtrend has worsened after the company warned that data center delays would affect its fourth-quarter results. The cloud computing provider, which specializes in AI infrastructure, saw its shares fall 9% in premarket trading to $96, falling below $100 for the first time since September. According to Pakinomist, the company reported third-quarter

CRWV Shares Fall 9% on Weak Outlook and Data Center Lags, CORZ Fallout Read More »

SoFi Launches Crypto Trading, Citing “Bank-Level Confidence” as Key Edge

Business / Leave a Comment

SoFi has become the first nationally chartered consumer bank in the US to launch in-app cryptocurrency trading, adding bitcoin, ethereum and solana access to its growing suite of financial services. The company announced the launch of SoFi Crypto on Tuesday, marking a significant expansion of its all-in-one financial platform. Customers will now be able to

SoFi Launches Crypto Trading, Citing “Bank-Level Confidence” as Key Edge Read More »

Bitcoin ETFs pull in $300 million as traders rush to buy the dip

Business / Leave a Comment

Good morning, Asia. Here’s what’s making news in the markets: Welcome to the Asia Morning Briefing, a daily overview of top stories in US hours and an overview of market movements and analysis. For a detailed overview of US markets, see CoinDesk’s Crypto Daybook Americas. Bitcoin ETFs snapped a two-week streak of redemptions by the

Bitcoin ETFs pull in $300 million as traders rush to buy the dip Read More »

The Tokenized Loan Platform aims to modernize small bank lending

Business / Leave a Comment

Financial technology provider FIS and structured finance platform Intain are rolling out a blockchain-based marketplace built on AVAX$17.12 that enables regional and local banks to securitize and sell loan portfolios directly to institutional investors, the firms told CoinDesk. The Digital Liquidity Gateway, as it’s called, tokenizes loans as non-fungible tokens (NFTs), automates settlement, including with

The Tokenized Loan Platform aims to modernize small bank lending Read More »

Bullish (BLSH) Upgraded to Buy ClearStreet as Exchange Gains Market Share, Expands to US

Business / Leave a Comment

ClearStreet analyst Owen Lau upgraded shares of crypto platform Bullish ( BLSH ) to Buy from Hold on Tuesday, pointing to the company’s growing market share and product expansion, although he trimmed his price target from $60 to $57. Lau said Bullish’s share of global crypto spot trading rose from 2.1% in the third quarter

Bullish (BLSH) Upgraded to Buy ClearStreet as Exchange Gains Market Share, Expands to US Read More »

Only the leanest Bitcoin miners will survive, MARA CEO warns

Business / Leave a Comment

Bitcoin BTC$103,056.26 mining industry is entering a difficult period characterized by increasing competition, increasing energy demand and declining profits, according to Fred Thiel, CEO of MARA Holdings (MARA). “Bitcoin mining is a zero-sum game,” Thiel said in an interview with CoinDesk. “As more people add capacity, it becomes harder for everyone else. Margins are compressed

Only the leanest Bitcoin miners will survive, MARA CEO warns Read More »

Brazil’s Central Bank Sets Crypto Rules, Sets Up $7m capital available for companies

Business / Leave a Comment

Brazil’s central bank issued its most sweeping crypto regulations to date, creating a formal licensing scheme for service providers and classifying a wide range of crypto activities as subject to foreign exchange and capital market rules. The framework introduces three resolutions that define how crypto companies must operate in South America’s largest economy, how much

Brazil’s Central Bank Sets Crypto Rules, Sets Up $7m capital available for companies Read More »