Leading crypto exchange Binance has acquired a majority stake in South Korea-based GOPAX exchange, Bloomberg reports. Binance has been working to re-enter the South Korean market since it shuttered operations in 2021. As a result, it reportedly completed the due diligence needed to acquire GOPAX on Jan. 2. Binance has acquired a majority stake in […]

Bankrupt crypto miner Core Scientific would transfer its ownership of 27,403 mining machines to crypto lender NYDIG to pay off a $38.6 million loan, according to a Feb. 2 court filing. Core Scientific said the transferred machines are “no longer necessary” for its “current operations and future business plans.” It added that the “principal of […]

The post $68B Tether USDT Market Was Controlled by Four Individuals as of 2018: WSJ Report appeared first on Coinpedia Fintech News The largest stablecoin in the crypto industry Tether (USDT) has grown exponentially since its inception in 2014. With approximately 68 billion Tether units in circulation, USDT enjoys a higher daily traded volume than […]

The post Bitcoin Price To Enter A New Bull Market If BTC Trades Above This Level appeared first on Coinpedia Fintech News The crypto market seemed unaffected even after the Federal Reserve raised the interest rate by 25 bps on Feb 1, 2023. However, today the overall crypto market experienced a slight sell off where […]

The post Is There a Future For RING FINANCIAL And Other DEFI Protocols? appeared first on Coinpedia Fintech News Financial technology (FinTech) is rapidly changing the way people access and manage their money. The rise of digital currency and decentralized finance (DeFi) protocols has opened up new possibilities for users to manage and invest their […]

The post FTX Creditors Warned of Possible Online Scammers appeared first on Coinpedia Fintech News Hundreds of institutional investors and millions of individuals FTX and Alameda creditors are desperate to get their capital back three months after the firms filed for chapter 11 bankruptcy protection in the United States. However, the acting FTX CEO John […]

Coinspeaker Apple (AAPL) Shares Down 3% after Reporting YoY Revenue Decline American multinational technology giant Apple Inc (NASDAQ: AAPL) has shared its last quarter performance report in which it recorded a slip in revenue below analysts’ expectations. The company reported a total revenue of $117.15 billion as against the $121.10 billion estimated, down 5.49% year […]

Coinspeaker Bitcoin Extends New Year Rally, Crosses $24,000 Briefly Building on its new year rally, the price of Bitcoin crossed the $24,000 threshold on Wednesday night. The upsurge corresponded with a gain in general tech stocks and a drop in the US dollar currency Index (DXY) and US Treasury yields. Bitcoin price has remained closely […]

Coinspeaker Amazon Beats 2022 Q4 Analysts Expectations on Revenue, AMZN Stock Volatility Spikes Amazon.com Inc (NASDAQ: AMZN) shares closed Thursday trading at $112.91, up 7.38 percent from the day’s opening value. However, AMZN shares dropped approximately 5.07 percent to trade around $107.18 during the extended trading period. The increased volatility is directly attributed to the […]

Coinspeaker Ford Reports Mixed Earnings Results for Q4 2022, F Shares Drop Ford Motor Co (NYSE: F) released its Q4 and full-year 2022 financial results on Thursday, February 02. Notably, the company fell short of analysts’ expectations for the fourth quarter. Additionally, Ford missed its full-year guidance by $1.1 billion citing execution issues in its […]