News by results: Cryptocurrency market

Financial Giant Fidelity Files Trademarks for Crypto, NFT, and Metaverse Products

Fidelity Investments, a major financial services firm with $10 trillion in assets under administration, has filed several trademark applications for a wide range of cryptocurrency, non-fungible token (NFT), and metaverse products and services.

CryptoSlate Wrapped Daily: Binance hits out at Reuters, USDD loses peg, Paxful delists ETH

Binance criticizes Reuters over DOJ articles, Tron USDD loses dollar peg and more in this CryptoSlate Wrapped Daily.

European Central Bank blasts Bitcoin —community responds

After the European Central Bank released a blog post on the shortcomings of Bitcoin, the crypto community on Twitter took to the comments to defend the cryptocurrency.

Moneygram to enable users to buy, sell and hold cryptocurrency via mobile app

According to the company, users within select regions can now trade and store Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC).

NFT Collection Veefriends Physical Collectibles to Debut at Macy's and Toys'R'Us

In recent times, non-fungible tokens (NFTs) and their physical counterparts have started to debut at well known retail stores and luxury boutiques. On October 4, the NFT project called Veefriends revealed that the team is launching its limited edition series of collectible characters exclusively at Macy’s and Toys”R”Us. Veefriends holds the 20th position in terms of all-time NFT collection sales, with approximately $240.15 million in sales since the NFT project launched.

Binance Expands Crypto Trading Operations to Pacific Ocean Country of 5,000,000

Binance, the largest digital asset exchange by trading volume, is opening its doors to serve crypto enthusiasts residing in an island country located in the Pacific Ocean.

Net Bitcoin ATMs growth drops globally for the first time ever

Data on net changes of crypto ATM installations confirm that, in September, 796 crypto ATMs were pulled off from the global network.

Altcoins Could Collapse by Up to 80% Amid Rate Hikes, According to Coin Bureau – Here’s the Timeline

The host of popular YouTube channel Coin Bureau believes an increase in interest rates as a result of the Federal Reserve’s actions could have a devastating impact on crypto asset prices.

Manchester United loses against Bitcoin too — Elon would have been over 6,000x better off buying BTC

Elon Musk quipped about buying Manchester United. However, $100 invested in Manchester United at its IPO would have netted just $98 at its peak price.

South Korean VC firm Hashed lost more than $3 billion in LUNA collapse

Hashed CEO Simon Seojoon Kim confirmed to Bloomberg that the firm lost over $3 billion from investing in LUNA.

NFT communities greenlight Web3 films: A decentralized future for fans and Hollywood

“Filmmakers can decide together with their community how the power of owning the IP, and the ownership of the film, is going to be used both financially and strategically.”

Coinbase Reveals European Expansion Plan — Seeks Licenses in Spain, Italy, France, Netherlands

Cryptocurrency exchange Coinbase has revealed its plan to expand in several European markets. The company is reportedly in the process of registering a crypto exchange in Spain, France, Italy, and the Netherlands.

Crypto Analyst Reveals Big Downside Target for Ethereum, Predicts Bitcoin Bottom Scenario

A popular analyst is digging into the charts to set low-end price targets for the two largest crypto assets by market cap.

The Majority of Crypto Hedge Funds Will Go Out of Business, Predicts Galaxy Digital CEO Mike Novogratz: Report

The chief executive of crypto asset management company Galaxy Digital, Mike Novogratz, thinks the majority of crypto hedge funds could be headed toward dark days in the future.

LUNA 2.0 hits $30 then drops 80% in first day of trading

LUNA 2.0 began trading today and reached $30 per token before plunging 80% to just $5.30.

Cryptocurrency Is ‘Worthless,’ European Central Bank President Says

Christine Lagarde, president of the European Central Bank, has warned that cryptocurrencies are worthless and should be regulated.

TA: Bitcoin Struggles Below $32K, Why Downtrend Could Resume

Bitcoin attempted a recovery wave above $32,000 against the US Dollar. BTC is struggling and remains at a risk of more losses below $30,000.

JP Morgan Bullish On Crypto As Ruble Fights For Survival

A note from JP Morgan yesterday highlighted that the outlook for crypto and stablecoins was very positive given that Russian citizens were increasingly adopting crypto as the ruble plummeted.

Binance boss CZ sticks up for everyday Russians, saying a blanket ban is unethical

CZ speaks to Bloomberg about Russian sanctions, but the intense line of questioning and interviewer's word association show strong media bias in favor of a blanket ban.

Binance back in Malaysia via a strategic stake in regulated digital exchange

Binance has forged an array of new partnerships with regulated firms, especially in countries where it has found it difficult to get regulatory approval.