News

: Airline stocks take flight after Thanksgiving travel season kicks off in a big way

Shares of airline companies saw broad gains Wednesday, after as the latest travel data supported the expectation that Thanksgiving travel would be “busier than ever” this year. The U.S. Global Jets ETF JETS climbed 1.6% toward a two-month high in midd...

News

22 Nov 2023

The Protocol: CZ’s out, Altman’s in, and Kraken’s Sued

In this week's edition of The Protocol newsletter, we share a few trends stand out to close 2023: the proliferation of Ethereum layer-2 networks, the ascendancy of zero-knowledge cryptography and the appearance of tokens, smart contracts and now file h...

22 Nov 2023

Celebrating Kaspa’s 2nd Birthday: $1M Airdrop Campaign With OKX, Coinpal.io

PRESS RELEASE. Massachusetts, USA, November 22nd, 2023, Chainwire. Kaspa, the revolutionary open-source, decentralized, and fully scalable Layer-1 blockchain network, is thrilled to announce its 2nd birthday celebration. To commemorate this significant milestone, together with industry leaders Coinpal.io, OKX Web3, ICERIVER, IGV, and Rhubarb Media to launch a spectacular 1 Million Airdrop Campaign. This campaign will […]

22 Nov 2023

Price analysis 11/22: BTC, ETH, BNB, XRP, SOL, ADA, DOGE, TON, LINK, AVAX

The sharp rebound in Bitcoin and select altcoins suggests that bulls remain in charge and continue to buy at lower levels.

22 Nov 2023

BlackRock met with SEC officials to discuss spot Bitcoin ETF

Representatives from the U.S. Securities and Exchange Commission also met with Grayscale on Nov. 20 in the asset manager’s bid for listing a Bitcoin ETF.

22 Nov 2023

: Capri upgraded to buy at CFRA as it’s trading below the $57 acquisition price being offered by Tapestry

CFRA upgraded Capri Holdings Ltd.’s stock CPRI to buy from hold on Wednesday, and said it’s looking undervalued at its current price. The stock was last quoted at $49.28, below the $57 price offer from rival Tapestry Inc. TPR, which is buying Capri in ...

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22 Nov 2023

Surge in Bitcoin exchange deposits breaks six-month withdrawal streak

After six months of Bitcoin exchange withdrawals outpacing deposits, a reversal occurred this month, signaling a change in holder behavior. The exchange net flow, which measures the difference between Bitcoin deposits and withdrawals on exchanges, turned positive at the beginning of November, indicating a renewed interest in exchange activities among Bitcoin holders. This shift is […]
The post Surge in Bitcoin exchange deposits breaks six-month withdrawal streak appeared first on CryptoSlate.

22 Nov 2023

HTX exchange loses $13.6M in hot wallet hack: Report

The incident affected the greater HTX, Tron and BitTorrent ecosystem.

22 Nov 2023

Binance Guilty Plea Shows What Crypto’s Really About

Skeptics have had their prejudices reinforced. The two main use cases—fraud and crime—have been exposed in dramatic fashion.

News

22 Nov 2023

Nvidia posts record $18B Q3 revenue, cites generative AI as primary driver

The company posted its record quarter just days after Nvidia stock achieved an all-time high.

22 Nov 2023

: EIA reports a weekly decline in U.S. natural-gas supplies

The U.S. Energy Information Administration reported on Wednesday that U.S. natural-gas supplies in storage edged lower by 7 billion cubic feet for the week ended Nov. 17. The data were released early because of Thursday’s Thanksgiving holiday. On avera...

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22 Nov 2023

Oil Price Update: OPEC Delays Meeting and EIA Storage Data Rises Again

EIA Crude storage data builds on prior weeks’ levels as a pessimistic economic outlook weighs on future demand. OPEC + Postpones Meeting to 30th of November

Forex

22 Nov 2023

Bitcoin and gold show similar trends as miner shares fall behind spot prices

Quick Take CryptoSlate’s recent analysis has highlighted a growing divergence between Bitcoin miners and the spot price of Bitcoin, hypothesizing a link to the upcoming halving event next year. Intriguingly, this trend seems to echo in the world of precious metals, gold, to be precise. The spot price of gold reached $2,000 this week; this […]
The post Bitcoin and gold show similar trends as miner shares fall behind spot prices appeared first on CryptoSlate.

22 Nov 2023

Genesis Alleges Multi-Million Dollar Preferential Transfers by Gemini Amidst Crypto Turmoil

In a recent legal move, Digital Currency Group’s (DCG) subsidiary Genesis Global Capital LLC has filed a complaint against the crypto exchange platform and custodian Gemini. Genesis hopes to claw back $689 million from the centralized crypto trading platform founded by Cameron and Tyler Winklevoss in 2014. Genesis Targets Gemini in $689M Legal Battle Over […]

22 Nov 2023

PancakeSwap implements new ‘Gauges’ voting system and sunsets vCAKE metric

The decentralized exchange launched a new feature that allows governance tokenholders to vote on which pools will receive the most rewards.

22 Nov 2023

Tokenization and Real-World Assets Take Center Stage

Blue-chip institutions including Goldman Sachs and J.P. Morgan are trialing digital asset offerings, seeking cost savings and efficiencies.

22 Nov 2023

Why On-Chain Transaction Is the Key Blockchain Indicator

The metric helps investors and users to understand whether a blockchain is going to merely survive, or thrive, says Todd Groth, head of research at CoinDesk Indices.

22 Nov 2023

Coinbase champions regulatory compliance amid Binance woes – calls for clearer U.S. regulations

Coinbase CEO Brian Armstrong has touted his exchange’s compliance-first approach following the issues that bedeviled rival Binance. In a Nov. 21 statement on social media platform X, Armstrong pointed out that Coinbase embraced compliance since its launch in 2012 “to become a generational company that stood the test of time.” “Since the founding of Coinbase […]
The post Coinbase champions regulatory compliance amid Binance woes – calls for clearer U.S. regulations appeared first on CryptoSlate.

22 Nov 2023

U.S. Crude Oil Inventories Rose by 8.7 Million Barrels

U.S. crude oil and gasoline inventories increased more than expected last week while refinery capacity use rose from a week before.

News

22 Nov 2023

Bit.Store Introduces Privacy-First Virtual Crypto Mastercard and Unveils Website’s New Look

PRESS RELEASE. Bit.Store, a pioneer in the Web3 revolution, is delighted to introduce its freshly redesigned website and the official release of the Bit.Store Virtual Crypto Card. With an unwavering commitment to facilitating seamless crypto transactions, Bit.Store is actively shaping the future of digital payments, making it more accessible to all through its innovative card […]

22 Nov 2023

Coinbase cites SEC action against Kraken in push for crypto rulemaking

The Nov. 22 letter claims that “only mandamus will impel the [SEC] to fully, finally acknowledge that Coinbase’s petition for rulemaking was pocket-vetoed long ago.”

22 Nov 2023

Binance’s DOJ settlement offers a glimmer of hope for the crypto industry

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.

22 Nov 2023

1 Way to Revive Dead NFT Wallets

Conceptual artist and legal scholar Brian Frye says inaccessible crypto tokens cannot be sold, but can be donated — with potentially significant tax benefits.

22 Nov 2023

: EIA reports weekly gains in U.S. crude and gasoline supplies

The Energy Information Administration on Wednesday reported that U.S. commercial crude inventories rose by 8.7 million barrels for the week ended Nov. 17. On average, analysts polled by S&P Global Commodity Insights expected the data to show an increas...

News

22 Nov 2023

: Cal-Maine to ‘vigorously’ fight jury decision that it conspired to inflate egg prices

Cal-Maine Foods Inc. CALM said Wednesday that a jury found the egg producer, along with other defendants, were liable for an alleged conspiracy to inflate egg product prices. The damages part of the trial is slated to take place on Nov. 28 and Nov. 29....

News

22 Nov 2023

The GAM3 Awards final nominees have been revealed with $2M prize pool

The GAM3 Awards 2023 in collaboration with GAM3S.GG and Magic Eden features a prize pool exceeding $2M. It will take place on Dec. 14. With 214 games initially nominated, the selection process was entrusted to a panel of over 70 experts from the traditional and web3 gaming sectors. This jury comprises executives from tech giants […]
The post The GAM3 Awards final nominees have been revealed with $2M prize pool appeared first on CryptoSlate.

22 Nov 2023

Heco Bridge Breach Drains $86 Million — Justin Sun’s HTX-Linked Venture Faces Major Security Setback

Numerous sources have reported that the Heco Bridge, a cross-chain conduit linking Ethereum with the Heco blockchain, has suffered a security breach, resulting in a loss of $86 million. Subsequent to the heist, the stolen funds were redirected to various decentralized exchange (dex) platforms. Major $86 Million Theft Hits Heco Bridge In a recent setback […]

22 Nov 2023

: Blackstone confirms deal to buy Civica

Blackstone Inc. BX on Wednesday confirmed reports it’s agreed to buy software company Civica from Partners Group Holding AG. The purchase price for Civica is just under $2.5 billion, according to a source familiar with the transaction. The deal had bee...

News

22 Nov 2023

: U.S. stocks open higher after Nvidia earnings, economic data

U.S. stocks opened higher on Wednesday one day after the S&P 500 and Nasdaq Composite snapped five-day winning streaks as investors digested Nvidia Corp. NVDA earnings and a fresh batch of economic data ahead of the Thanksgiving holiday. The S&P 500 SP...

News

22 Nov 2023

BTC price bounces 3% post-Binance amid call for Bitcoin bulls to ‘step in’

Bitcoin is due to spend some time ranging before an “impulse” move ensues, bullish BTC price analysis predicts.

22 Nov 2023