A sudden crypto liquidation has shaken the market. What triggered this unparalleled event, and what does it mean for your portfolio? The answers may be less dramatic than you thought.
The shocking costs of Bitcoin mining
In a recent study by CoinGecko, the costs associated with Bitcoin mining at the household level were analyzed, revealing significant disparities across different regions. The study shows that Europe ...
Live news: SoftBank buys back Vision Fund’s 25% stake in chip designer Arm ahead of planned IPO
The deal will give the Japanese conglomerate full control of Arm and set what it hopes will be a floor for its planned initial public offering. According to people familiar with the transaction, ...
Arm IPO documents reportedly show annual revenue dip
British chip design firm Arm, which is owned by Japanese tech conglomerate SoftBank (OTCPK:SFTBY) and is slated to go public later this year, reportedly had an annual revenue dip in its most recent ...
Bitcoin price on the skids as investors pull $1 billion from crypto
The price of bitcoin has dropped nearly 9% since early Thursday as part of a broader sell-off of risky assets. A report that Elon Musk’s Space X had dumped the cryptocurrency stoked investors’ fears.
Crypto sell-off intensifies, with XRP, Litecoin, and Bitcoin Cash among the hardest hit
The world’s largest cryptocurrency by market capitalization came back into rare, volatile form on Thursday evening, dropping off a cliff—and pulling the rest of the crypto market with it. In the past day, Bitcoin is down almost 8%, nosediving from just ...
Arm’s Revenue Fell Last Year Ahead of IPO, Draft Filing Shows
Arm Ltd., a chip designer that is preparing for what would be the biggest initial public offering of 2023, saw its revenue decline about 1% in the last fiscal year, according to a draft filing for its ...
Japan’s Nikkei posts biggest weekly loss in 8 months amid China worries
Japan's Nikkei share average posted its biggest weekly loss in eight months on Friday, as it fell for a third session amid lingering concerns about China's economic outlook and fears for rising yields.
Amid Crypto Bloodbath, Expert Predicts Bitcoin Could Reach $300,000 To $500,000 By 2024
Prominent cryptocurrency expert, PlanB, has hinted at a potential surge in Bitcoin's (CRYPTO: BTC) value, possibly reaching into the six-figure range within the next year. During a discussion on his ...
North Korean cybercriminals have already stolen $200 million in crypto hacks in 2023
North Korea has stolen around $200 million in cryptocurrencies across 30 hacks so far in 2023, less than in 2022 but still a sum "10 times larger than attacks by other actors," according to a new ...
What the SEC delay on ARK bitcoin ETF decision means for the crypto market
The recent delay in the SEC’s decision on ARK’s proposed spot bitcoin ETF could signal a likelihood that several such applications will be approved at once.
Bitcoin fall wipes $44bn off market cap as volatility strikes crypto market
Some traders put the move down to market structure and liquidations as the price dropped as low as $25,409, amid a relatively illiquid market.
Japan hit by trade deficit in July
TOKYO: Japan suffered a trade deficit last month as exports sank for the first time in more than two years, dragged down by a slowdown overseas. Japan's trade deficit totaled 78.7 billion yen ($539 ...
Japan shares lower at close of trade; Nikkei 225 down 0.43%
Japan equities were lower at the close on Friday, as losses in the Chemical, Petroleum & Plastic, Banking and Textile sectors propelled shares lower. At the close in Tokyo, the Nikkei 225 declined 0.43% to hit a new 1-month low.
Bitcoin Drops To Lowest Level Since June Amid Wider Crypto Sell-Off
The price of Bitcoin fell below $26,000 Thursday—its lowest level since June—amid a broader crypto market slump after the Wall Street Journal reported that SpaceX has taken a significant write-down on its Bitcoin holdings and sold the cryptocurrency.
Japan’s Nikkei inches lower on concerns over China economy, Fed rate hikes
TOKYO, Aug 18 (Reuters) - Japan's Nikkei share average inched lower on Friday amid concerns about China's economic outlook and fears for rising yields, while gains in Chinese shares improved sentiment. The Nikkei index was down 0.19% to 31,565.21 by the ...