Nvidia Corp (NVDA) reported record-breaking third-quarter revenue and earnings for fiscal 2025, exceeding Wall Street expectations on the back of surging demand for artificial intelligence chips. Despite the strong performance, shares dipped more than 2% in after-hours trading, reflecting investor caution over valuation and tempered guidance. The chipmaker posted revenue of $35.08 billion for the quarter ended October 27, a…
Month: November 2024
Onchain Analyst: Binance Taps Cold Wallet Reserves as Bitcoin Outflows Spike
According to the creator of timechainindex.com, Binance, one of the leading cryptocurrency exchanges, has recently experienced “significant outflows.” This activity has reportedly prompted the platform to tap into its cold wallet reserves to manage the situation. $334 Billion in Play: Centralized Exchanges Face Onchain Scrutiny Amid Bitcoin Highs The chatter on the onchain grapevine suggests […] Source: https://news.bitcoin.com/onchain-analyst-binance-taps-cold-wallet-reserves-as-bitcoin-outflows-spike/
Shanghai judge says cryptocurrency is a commodity, legal to own
Shanghai Judge Sun Jie calls virtual currency a commodity with property attributes in a commentary on a 2017 business dispute. Source: https://cointelegraph.com/news/shanghai-judge-crypto-legal-status?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
SEC sends reparations to BitClave ICO investors
The payment is part of a settlement BitClave agreed to pay in 2020 after the SEC charged the search engine for failing to register as a securities offering. Source: https://cointelegraph.com/news/sec-reparations-bitclave-ico-investors?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Lucky Block Price Prediction 2024-2030: Growth Forecast and Key Market Drivers
Lucky Block (LBLOCK) has grown popular as a decentralized lottery and gaming platform, leveraging blockchain technology for fairer, more transparent lottery draws. As a unique player in the cryptocurrency market, Lucky Block’s potential for growth is rooted in its appeal among crypto-enthusiasts looking for innovative DeFi applications. So, what are Lucky Block’s price predictions for […] Source: https://news.bitcoin.com/lucky-block-price-prediction-2024-2030-growth-forecast-and-key-market-drivers/
Stablecoin bill faces several challenges — former Senator Pat Toomey
The total market capitalization of the stablecoin sector has topped $174 billion as of November 2024 and continues to grow. Source: https://cointelegraph.com/news/stablecoin-bill-faces-challenges-former-senator-pat-toomey?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Former House Speaker warns partisan gridlock could derail Trump’s crypto plans
Paul Ryan served as Speaker for the House of Representatives prior to Nancy Pelosi. Source: https://cointelegraph.com/news/former-house-speaker-warns-partisan-gridlock-derail-trump-crypto-plans?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Yellow Card’s African Push: Coinbase-Backed Platform Wins South African License
Coinbase backed Yellow Card, a leading African crypto platform, has secured a crypto asset service provider (CASP) license from the Financial Sector Conduct Authority (FSCA) in South Africa. The license allows Yellow Card, which is also licensed in Botswana, to expand its operations and cater to the growing demand for stablecoin-based services. This latest milestone […] Source: https://news.bitcoin.com/yellow-cards-african-push-coinbase-backed-platform-wins-south-african-license/
Are spot Bitcoin ETF options traders really expecting a $176K BTC price?
BlackRock’s IBIT BTC options launch was a success, but how realistic are traders’ high six-figure Bitcoin price expectations? Source: https://cointelegraph.com/news/are-spot-bitcoin-etf-options-traders-really-expecting-a-176k-btc-price?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
The First Trillionaire Will Be Made in Crypto
History has shown that great technological shifts create vast wealth. Crypto, the next frontier, is no exception. Decentralized Wealth Will Surpass All Previous Tech Revolutions The first trillionaire will emerge from the crypto world. Like past tech booms created billionaires, crypto will generate wealth on an even larger scale. Blockchain and decentralized finance (defi) are […] Source: https://news.bitcoin.com/the-first-trillionaire-will-be-made-in-crypto/