Time Financial News

The Bank of England has defended having less than one full-time staff member supervising Silicon Valley Bank's UK arm before it collapsed.

BEIJING — Chinese tech giant Tencent reported better-than-expected quarterly revenue on Wednesday, helped by growth in ads within its growing «video accounts» business.

The first year-over-year drop in home prices in more than a decade and a dip in mortgage rates snapped a yearlong streak of declining monthly home sales, showing the effects of the Federal Reserve’s campaign to raise interest rates.

Cathie Wood’s investment management firm ARK Invest is moving to take profits from its Coinbase stash, selling the first batch of Coinbase stock this year.

The Crypto Fear and Greed Index has hit its highest index score this year, reaching levels not seen since Bitcoin (BTC) posted its all-time high in November 2021.

Bitcoin, the world's most renowned and largest cryptocurrency, has sustained its recent upward trajectory, surging to $28,527 on Monday morning. Within the last 24 hours, BTC has risen by over 4%, and in the past week, it has gained over 28%, solidifying its status as one of the top-performing assets in the market.

The electric vehicle (EV) industry is experiencing a meteoric rise, fuelled by global efforts to promote sustainable transportation. 

The Play-to-Earn (P2E) model is experiencing exponential growth in popularity within the crypto market, enabling digital asset enthusiasts to earn tokenized incentives for engaging in Web3-powered metaverse games. 

Bitcoin reaching levels not seen in about nine months. The largest digital asset topped $28,000 for the first time since June 2022, trading for as much as $28,258 on Sunday. Since the start of the year, Bitcoin’s price has risen almost 70%. Other digital assets rallied as well — with Ethereum up about 17% since the start of last week and so-called altcoins like Solana and Cardano advancing, too. Traders waded high levels of uncertainty last week in markets. US two-year yields fluctuated wildly, and the Cboe Volatility Index, the so-called fear gauge also known as the VIX, spiked above 30. But Bitcoin kept steadfast — and straight up. “Bitcoin is correlated with liquidity conditions and real rates. Real rates have declined, liquidity conditions have expanded, and it looks as if we’re entering a new regime,” said Ilan Solot, co-head of digital assets at Marex.

Disclaimer: The datasets shared in the following article have been compiled from a set of online resources and do not reflect AMBCrypto’s own research on the subject.

It’s been a big week for BNB, the cryptocurrency that power’s the Binance Smart Chain. After tumbling to two-month lows late last week in the mid-$260s amid generalized risk-off across asset classes amid concerns about US bank failures, BNB has seen a stunning rebound.

The United States is headed for a credit crunch and now is the right time to buy gold, silver and Bitcoin (BTC), says Galaxy Digital founder and CEO Michael Novogratz.

Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.

Investors in the crypto market are once again aggressively bullish following the collapse of key banks in the United States. ADA, the token powering Cardano, a decentralized ecosystem is up 3.6% in 24 hours and trading at $0.3435 at the time of writing.

"Once a boom is well started, it cannot be arrested. It can only be collapsed."  - John Kenneth Galbraith

Bitcoin, the world's top cryptocurrency, has undergone a significant drop, reaching its lowest value in two months. Ether, the second most valuable cryptocurrency, followed a similar path and also experienced a decrease in value. 

Thursday, March 9th, 2023 – C+Charge (CCHG), an EV charging payments platform presently in presale, has rolled out the beta edition of its app.

Inflation? What inflation? It’s gotten so much cheaper to get your hands on a Rolex.

If the development of blockchain technology was a financial revolution, central bank digital currencies (CBDCs) are the counter-revolution. Their development has intensified in 2023 across the globe, and it’s now more important than ever for the world to know what could lay behind the acronym.

The ADA-denominated value of cryptocurrency locked within smart contracts on the Cardano blockchain recently reached an all-time high of 341 million ADA, according to data presented by DeFi Llama. ADA is the token that powers Cardano’s smart-contract-enabled high-performance blockchain that is seen as a rival to the Ethereum blockchain.  

With $5.34m raised in the soon-to-end Fight Out presale, this ground-breaking Move-2-Earn platform could become the biggest Web3 launch of the year.