Business

BCH Clears $550 on Heavy Volume; $547 flips to support when range narrows

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According to CoinDesk Research technical analysis data model, BCH$555.05 pushed through $550 on a strong breakout, then cooled to a tight band as traders gauged whether the new support would hold. Technical analysis highlights Path and Result: BCH climbed from $540.24 to $554.52 for a session gain of 2.6%, establishing higher lows and confirming an […]

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Wall Street Divided on Coinbase’s (COIN) Way Forward After Third-Quarter Earnings Pace

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Coinbase’s ( COIN ) disappointing third-quarter earnings report drew a number of responses from Wall Street analysts, who highlighted stark differences in expectations for the crypto exchange’s long-term growth and ability to manage costs. The company posted $1.05 billion in transaction income and $801 million in adjusted Ebitda, both ahead of consensus estimates. Analysts across

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Bitcoin (BTC) price falls as Kansas City Fed’s Schmid reiterates Hawkish dissent

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If it’s possible for a central bank to cut interest rates and still be hawkish, the Fed accomplished it this week. At his post-meeting news conference on Wednesday, Fed Chairman Jerome Powell hit markets with an unexpected broadside, insisting that a rate cut in December was far from a done deal. The reaction was swift,

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Brazil’s OranjeBTC joins the wave of struggling crypto-finance companies turning to buybacks

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Brazil’s largest bitcoin tax company OranjeBTC has bought back 99,600 of its own shares and announced that it will delay further BTC purchases. Brazil’s OranjeBTC joins the wave of struggling crypto tax companies turning to buybacks The move comes as it moves to bridge the gap between its market price and the net asset value

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GoDark Reveals Institutional Dark Pool For Crypto Backed By Copper, GSR, Others

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GoDark, an institutional dark pool designed for digital assets and backed by crypto custody and trading specialists such as Copper and GSR, unveils a new service designed to execute large orders without tipping the market. In addition to GSR and Copper, the offering comes out of the gates with heavy backing in the form of

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Riot Platform’s (RIOT) shares are rising as third-quarter earnings beat estimates for record revenue

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Riot Platform (RIOT) shares rose 5% pre-market after bitcoin BTC$109,713.93 mining company had an unexpected profit in the third quarter on record revenue. Net income was $104.5 million, or 26 cents per share. diluted share compared with a loss of $154.4 million, or 54 cents, a year earlier. According to Zacks Equity Research, the company

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