Diluted net loss per American depositary share in Q1 2023 stood at $0.51 from $0.55 in the previous quarter.
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Access real-time blockchain and cryptocurrency news updates from around the globe.
A week filled with exploits and uncertainty for DeFi: Finance Redefined
DeFi saw another multimillion-dollar rug pull this past week, and the Multichain saga continues to spiral out of control.
A week filled with exploits and uncertainty for DeFi: Finance Redefined
DeFi saw another multimillion-dollar rug pull this past week, and the Multichain saga continues to spiral out of control.
Neuralink gets FDA approval for ‘in-human’ trials of its brain-computer interface
The Neuralink device is designed to be surgically implanted and, according to CEO Elon Musk, will eventually be marked to the general public.
Neuralink gets FDA approval for ‘in-human’ trials of its brain-computer interface
The Neuralink device is designed to be surgically implanted and, according to CEO Elon Musk, will eventually be marketed to the general public.
Why have Bitcoin and crypto lost 60% of their market cap since their all-time highs?
Cointelegraph analyst and writer Marcel Pechman explains why the cryptocurrency market has lost 60% of its market cap, with the S&P 500 only about 15% from its all-time high.
Why have Bitcoin and crypto lost 60% of their market cap since their all-time highs?
Cointelegraph analyst and writer Marcel Pechman explains why the cryptocurrency market has lost 60% of its market cap, with the S&P 500 only about 15% from its all-time high.
Atlanta Fed explains Web3 finance, including XRP ‘international payment medium’
The highly accessible introductory text mentions all the concepts and names a curious reader would need, along with some assessments.
Price analysis 5/26: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, SOL, DOT, LTC
Bitcoin (BTC) remains pinned below $27,000 and the recent weakness of the past few days has increased calls from analysts for a fall to the low $20,000 levels. While anything is possible, the bulls are unlikely to give up the $25,000 support without putting up a fight.
Glassnode’s lead on-chain analyst Checkmate said in his comments on May 24 that the Sell-side Risk Ratio metric suggests that “sellers are exhausted on both sides” and that indicates big moves “are coming.” The last time the Sell-side Risk Ratio was this low was in late 2015, which started the bull run that reached $20,000 in December 2017.
Daily cryptocurrency market performance. Source: Coin360Another short-term positive is that market observers expect a debt ceiling deal to be reached and that has boosted the price of the United States equities markets on May 26. If the risk-on sentiment sustains, it could increase demand for Bitcoin and select altcoins.
What are the crucial resistance levels in Bitcoin and the major altcoins that need to be crossed for a sustained recovery to begin? Let’s study the charts of the top-10 cryptocurrencies to find out.
Bitcoin price analysis
Bitcoin bounced off $25,871 on May 25, close to the strong support zone of $25,811 to $25,250. The bulls will try to push the price to the 20-day exponential moving average ($27,173).
Price analysis 5/26: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, SOL, DOT, LTC
The recovery in the U.S. stock market seems to have acted as a catalyst for the relief rally in Bitcoin and select altcoins.
Bitcoin nears $27K despite 'hot' PCE data sparking June rate hike bets
Bitcoin decides that bad news is not bad enough as upside volatility accompanies proof that U.S. inflation remains sticky.
Bitcoin nears $27K despite ‘hot’ PCE data sparking June rate hike bets
Bitcoin (BTC) made snap gains at the May 26 Wall Street open as United States macroeconomic data delivered a nasty surprise.
BTC/USD 1-hour candle chart on Bitstamp. Source: TradingViewBitcoin shrugs off new U.S. inflation woes
Data from Cointelegraph Markets Pro and TradingView showed BTC/USD nearing $27,000 on Bitstamp.
The pair rose unexpectedly after the day’s Personal Consumption Expenditures (PCE) data showed its first rises since October 2022.
Such a reading should present a headwind for risk assets, including crypto, as it implies that inflation remains persistent and that more financial tightening may be required to tame it.
“This is a major setback to the Fed’s fight against inflation,” financial commentary resource The Kobeissi Letter wrote in part of a response.
Binance and Gulf Innova to launch crypto exchange in Thailand in Q4 2023
Binance and its Thai partner Gulf Innova have secured digital asset operator licenses in Thailand to launch a new crypto exchange.
Binance and Gulf Innova to launch crypto exchange in Thailand in Q4 2023
Binance and its Thai partner Gulf Innova have secured digital asset operator licenses in Thailand to launch a new crypto exchange.
EU regulator urges crypto firms to disclose regulatory status of products
ESMA reminded investment firms that crypto will remain unregulated in most jurisdictions despite the upcoming adoption of regulations.
No ETH to trade? Ethereum exchange balance drops to a 5-year low
The ETH balance decline began in September 2022, which saw a significant spike in November-December 2022 post-FTX downfall.
No ETH to trade? Ethereum exchange balance drops to a 5-year low
The ETH balance decline began in September 2022, dropping significantly in November and December after the downfall of FTX.
Bitcoin reaches 'decision point' — 4 BTC price metrics to watch
Bitcoin bulls are sitting on their hands, but need to combat short-term sellers rapidly losing profitability, Glassnode warns.
Bitcoin reaches ‘decision point’ — 4 BTC price metrics to watch
Bitcoin bulls are sitting on their hands but need to combat short-term sellers rapidly losing profitability, Glassnode warns.
Open AI launches grant for AI democratic governance project
The company behind ChatGPT announced it will award ten grants of $100,000 to teams around the world to develop a democratic process for determining AI rules.