Nvidia announced third quarter revenue for 2023 in the amount of $18.12 billion, a company record, as the firm’s market cap now reaches $1.22 trillion. The better-than-expected earnings follow a 12-month growth trend during which the company saw earnings increase by 34% over last quarter, and 206% over Q3 2022. While the company beat estimates, the strong quarter likely didn’t…
Decentralized crypto exchange Pancakeswap has implemented a new voting system. Called “Gauges,” the system allows governance token holders to vote for additional rewards to be distributed to particular pools, according to a Nov. 22 blog post. The exchange has also sunsetted its vCAKE metric, replacing it with a new metric called “veCAKE.” Your CAKE, Your Voice Introducing Gauges Voting and…
Changpeng Zhao is out at Binance, but his company lives on. That suggests tacit affirmation from the Biden administration of the crypto industry’s legitimacy. Source: https://cointelegraph.com/app/public/index.php/news/binance-doj-settlement-offered-glimmers-hope-crypto-industry
United States-based cryptocurrency exchange Coinbase has renewed its call to compel the Securities and Exchange Commission (SEC) to respond to the company’s petition to create rules on crypto, using the regulator’s recent enforcement action against Kraken to back up its claims. In a Nov. 22 filing in the U.S. Court of Appeals for the Third Circuit, lawyers representing Coinbase filed…
Binance CEO Changpeng Zhao’s (CZ) departure from the platform he founded and the company’s guilty plea in a staggering $4.3 billion settlement with the United States Department of Justice have sent shockwaves through the cryptocurrency world. This development poses a crucial question: Is it a harbinger of doom or a bullish signal for the industry? On crypto Twitter, where speculation…
Although documented statistics about cryptocurrency trading and substance abuse are hard to come by, addiction experts are treating an increasing number of crypto traders. Abdullah Boulard, founder and CEO at The Balance Luxury Rehab, tells Magazine that a number of crypto traders struggle with substance abuse. “Our client base is diverse, but this is a unique demographic that we’ve seen…
Bitcoin (BTC) traded $1,000 off weekly lows after the Nov. 22 Wall Street open as a BTC price relief bounce held firm. BTC/USD 1-hour chart. Source: TradingView Bitcoin respects “very clear” key levels Data from Cointelegraph Markets Pro and TradingView followed crypto markets as they recovered from snap downside the day prior. As the dust continued to settle on news…
Chart pattern cheat sheets can be a useful tool for investors or traders who are interested in trading. They offer a convenient reference guide to the most common chart patterns in financial markets. One can use patterns to analyze potential trends, reversals, and trading opportunities. Investors and traders in today’s fast-paced financial markets must make decisions quickly, typically with limited…
The Dutch city of Amsterdam — no stranger to international conferences dedicated to cryptocurrencies, blockchain and decentralization — was recently host to the Network State Conference, which explored decentralization at an entirely different level. Conference speakers and attendees gathered to discuss and debate whether a new form of decentralized country is possible. The conference kicked off with an energetic host…
The year 2022 saw a historic breakdown of trust in exchanges and other crypto service providers. The collapses of Sam Bankman-Fried’s FTX and Alex Mashinsky’s Celsius are still fresh in the community’s memory, SBF’s trial only recently having concluded. These cases serve as a painful reminder that fraud and bad business practices can happen in corporations of any size and…
