Fall Financial News

Coinbase and Brazilian company 2TM, the parent company of Mercado Bitcoin, have reportedly scrapped talks around the crypto exchange purchasing the firm.

In this article

US Fed in its forthcoming May 2-3 policy review, even as the US economy contracted 1.4 per cent in the March quarter. Similar concerns had led to a meltdown on Wall Street overnight. Bitcoin, the largest crypto by market value, fell 2.43 per cent in the last 24 hours to $38,607.36. It is down 2.3 per cent in the last seven sessions.

Barring top tokens like Bitcoin, Ethereum and BNB, which gained about 1-3 per cent, all other major crypto tokens were trading with minor losses on Friday. Avalanche dropped 5 per cent, followed by a 4 per cent fall in Terra. The global cryptocurrency market cap was trading at $1.80 trillion, marginally down in the last 24 hours. However, the total cryptocurrency trading volume zoomed about 14 per cent to $95.54 billion.

In 2021, the world experienced both the rise and fall of GameFi, with popular games including Decentraland, Sandbox and Axie Infinity enabling players to earn in a new standard for gameplay.

Barring Avalanche and meme tokens — Dogecoin and Shiba Inu — all of the major crypto tokens were trading with minor gains on Thursday. Bitcoin jumped 3 per cent, followed by a 2 per cent rise in Ethereum, Terra and Solana. The global cryptocurrency market cap was trading higher at the $1.81 trillion mark, with a rise close to 2 per cent in the last 24 hours. However, the total cryptocurrency trading volume dropped about 13 per cent to $83.49 billion.

TOKYO—The Bank of Japan reiterated its determination not to let interest rates rise in Japan despite significantly higher inflation, triggering another fall in the yen.

Nasdaq 100 futures fell on Tuesday night after the major averages continued their April sell-off amid concerns of an economic slowdown.

UBS' investment banking fees slipped by 30% in the first quarter as the impact of Russia's war on Ukraine dampened the deal boom that yielded record fees last year.

Stock futures dipped in overnight trading as investors digested disappointing Netflix earnings and looked ahead to a new batch of companies set to report Wednesday.

What happens when Binance decides to de-list a crypto asset? Will the chosen coin or token ever recover, or is the fall from grace enough to doom its prospects forever? We can study exactly this in real-time, as Binance recently delisted Hegic [HEGIC], renBTC [RENBTC], and sUSD [SUSD] on 11 April. 

Is Bitcoin going up or down? Every analyst has their own answer and as investor sentiments get muddled, so does the king coin’s price. Throw in war, a pandemic, inflation, and you have yet more factors that could be driving the price either into bullish or bearish territory. To that end, let’s see what the latest update is.

In this article

The correction in altcoins was steeper and sharper compared to the larger tokens. The rising cost of energy and disruption in the supply chain is hurting the sentiments further. All of the major crypto tokens were in the red on Tuesday. Solana and Shiba Inu dived about 9 per cent each, whereas Cardano and Dogecoin shed 8 per cent each. Terra fell 7 per cent, followed by Ethereum which declined 6 per cent.

The crypto market traded lower over the weekend, with US inflation data, possible moves by the US Federal Reserve (Fed), and bearish-looking technology stocks all weighing on investors’ sentiment and causing worry about the way forward.

Bitcoin (BTC) headed toward $42,000 on April 9 after bulls failed to spark a late-week turnaround.

New applications for U.S. unemployment benefits fell last week to a near 54-year low as employers held on to workers in a tight labor market.

Cryptocurrency exchanges are hoping to rope in large institutional investors on one hand and trying to get college students to explore blockchain deals on the other to stem the drastic drop in daily trading volumes after India introduced tax on virtual digital assets. Many investors and traders are shunning crypto assets as profits will attract 30% tax from April 1. Not just the recent announcement of disallowing set-off would result in loss for most investors, shrinking risk appetite. All exchanges in India have seen a drop of at least 50% in the last few days compared to the trading volumes last year. This also comes at a time when exchanges are grappling with how exactly to compute the 1% tax deducted at source on each transaction.

Of late, Cardano has been enjoying a change of fortune – literally – after months of ADA sliding down the charts and revisiting old resistance levels that bulls hoped would become history. But what do world events, and in particular, Africa, have to do with this?

On Wednesday, centralized cryptocurrency exchange Binance launched its new TerraUSD (UST) staking program. Although Binance did not name the underlying decentralized finance protocol responsible for the staking rewards, Do Kwon — Terra Luna's (LUNA) co-founder — attributed the origins of the high yield to Terra's flagship Anchor protocol. 

Prices of land plots in the metaverse fell by 18% last month from an all-time high seen the month before, according to an index covering 30 of the top virtual worlds. However, virtual land still outperformed the price of Ethereum’s native token ETH when seen over the past year as a whole.