World markets remained in bearish sentiment on Thursday amidst fears that persistent inflation and strong central bank action would trigger a painful recession. Data showing Eurozone economic indicator plunging to a two-year low also dampened sentiment. Asian stocks finished on a mixed note. European stocks are trading with deep losses amidst caution ahead of release of inflation readings from Germany. […]

A widely-followed cryptocurrency strategist has suggested that the price of the flagship cryptocurrency Bitcoin ($BTC) could undergo a parabolic rally to hit $150,000 in the future, based on technical analysis he conducted. In a tweet shared with their over 330,000 followers on the microblogging platform pseudonymous analyst Credible Crypto noted that Bitcoin is about to conclude a major corrective period […]

Shares of investigative analytics software company Cognyte Software Ltd. (CGNT) are rising more than 7% Wednesday morning despite reporting disappointing quarterly results. Net loss in the second quarter widened to $28.87 million or $0.43 per share from $285000 or breakeven per share in the same quarter a year ago. Revenue for the quarter declined to $81.11 million from $115.99 million […]

New York Attorney General Letitia James has sued cryptocurrency companies Nexo Inc. and Nexo Capital Inc., for failing to register with the state as securities and commodities brokers or dealers and for lying to investors about their registration status. The lawsuit, filed in New York County State Supreme Court, alleges that Nexo promoted and sold securities in the form of […]

Cryptos oscillated wildly as the Dollar responded to recent hawkish expectations from the Fed. Crypto market capitalization plunged more than 5.5 percent overnight amidst the Dollar Index touching a fresh two-decade high of 114.78 versus the high of 114.51 scaled on Monday. A Reuters poll released earlier showed that economists expect the Fed to raise the rates by another 75 […]

World markets remained panic stricken amidst a fresh wave of Fed fears. Worries of another 75-basis points rate hike by the Fed it its next review in November lifted the Dollar, pushing the Dollar Index to a fresh twenty-year high of 114.76. Asian stocks finished with deep losses. European stocks also witnessed major sell-off in the backdrop of the Gfk […]

Bitcoin mining becomes even less green as the use of non-renewable energy for mining increases by 13%. Michael Saylor and other Bitcoin enthusiasts insist that Bitcoin’s energy usage is overblown.  The new report raises speculations on what the community ought to do to revert the ugly trend. Bitcoin’s proof-of-work system is secure, but its high energy usage continues to be […]

A mysterious Bitcoin ($BTC) whale or whales has been moving a large amount of coins that had been dormant for a decade, according to data from the Bitcoin blockchain, which shows some long-term holders are moving their stash during the bear market. According to Philip Swift, creator of the on-chain analytics tool Lookintobitcoin, a total of 510.65 BTC, worth nearly […]

Popular crypto analyst Willy Woo says that the price of Bitcoin is being suppressed and manipulated by opponents via the futures market.  Woo made his argument in a series of tweets, in which he explained that the futures market for Bitcoin has opened the door for price manipulation. According to Woo, Bitcoin’s hard cap of 21 million $BTC can be […]