Investors Form Group To Track Down On The Run Terra Founder Do Kwon

The UST Restitution Group (URG), comprising about 4,400 crypto investors, was formed to hunt down Kwon globally, with members already following active clues, Financial Times’ Song Jung-a reported on October 19. The group’s operations are coordinated through the social media platform Discord, where members share the latest clues. Recent hints suggest Kwon, who has an Interpol red notice over his name, might be residing in Dubai, Russia, Azerbaijan, Seychelles, or Mauritius....

January 11, 2023 · 2 min · 333 words · Sean Howk

Jpmorgan Says Coinbase Will Be A Meaningful Beneficiary Of The Ethereum Merge

The analyst says that the cryptocurrency exchange has lately made real initiatives “to maximize the value of Eth staking for its clients,” which Worthington notes should result in better income generation for Coinbase itself, as per a StreetInsider report on August 17. Notably, as the Merge nears, the total amount of its staked native token ETH has recorded a new all-time high, almost doubling across the previous year despite its price declining by 43% during the same period....

January 11, 2023 · 2 min · 231 words · David Vaughan

Kellogg To Split Into Three Separate Companies K Stock Jumps 6 Pre Market

Further, the three new entities’ names will be determined later, but they would be the following, “Global Snacking Co.” would represent a leading company in global snacking, international cereal and noodles, and frozen breakfasts, with a rough estimate of $11.4 billion in sales. The next one would be “North American Cereal Co.” a leading cereal company in the U.S., Canada, and the Caribbean with about $2.4 billion in sales. Lastly, “Plant Co....

January 11, 2023 · 2 min · 270 words · Gavin Gay

Kiyosaki America Is Shifting From Capitalism To Socialism With Election As Proof

According to Kiyosaki, the election of Biden will act as a catalyst for the shift. He singled out big tech companies from Silicon Valley as the enablers of socialism in the United States. During the live call on the Valuetainment podcast which aired on November 10, 2020, an American businessman and author noted that he has suffered censorship from Twitter and Facebook, which is a sign of communism as opposed to the first amendment....

January 11, 2023 · 1 min · 161 words · Evangelina Burden

Kucoin Fees Explained How Much It Costs To Trade Crypto Finbold

KuCoin is a Singapore-based cryptocurrency exchange that is known for having one of the largest selections of cryptocurrencies and trading pairs. Also, the platform has its own native token, KuCoin Shares (KCS). The high-liquidity exchange is well-established, with one out of four crypto holders opting for it. Some of the main figures that set the platform apart from its competitors include more than 8 million registered users globally, over $370 billion in trading volume (USD), and almost 800 million total trades....

January 11, 2023 · 8 min · 1599 words · Daniel Sweeney

Machine Learning Algorithm Sets Ethereum Eth Price For January 1 2023

Meanwhile, the machine learning algorithms at the digital asset tracking website PricePredictions set the price of Ethereum at $1,197.14 on January 1, 2023, according to the recent data retrieved by Finbold from the platform on December 23. In line with this, the algorithm, which relies on indicators like the moving averages (MA), moving average convergence divergence (MACD), Bollinger Bands (BB), and relative strength index (RSI), projects a 1.86% decline compared to the price of Ethereum at present....

January 11, 2023 · 2 min · 336 words · Deborah Marin

Microstrategy Ceo Dismisses Rumors About The Company Selling Its Bitcoin Holding

Through his Twitter account, Saylor stressed that as a publicly listed company, Microstrategy is obligated by the law to file any transactions with the Securities Exchange Commission. Rumors about MicroStrategy selling its Bitcoin stash emerged after an address identified as “1P5ZED” was involved in moving a significant amount of the asset. According to analysts and crypto enthusiasts, the whale was likely MicroStrategy or a cryptocurrency exchange. In his tweet, Saylor stated that any Bitcoin sale would be communicated to shareholders....

January 11, 2023 · 2 min · 272 words · Clark Charlot

New Fully Regulated Bitcoin Exchange With Lightning Support Launches In Europe

In a press statement, the exchange, Frontnode, indicates that users will leverage the native bitcoin lighting capabilities like instant transactions with no blockchain fees. Users joining the platform will undergo the KYC process with quick approvals. Notably, the exchange also focuses on instant bitcoin purchases alongside high security, lowering the chances of hacking. According to Jason Alexander, Frontnode’s CMO, bitcoin is a store of all value, and the exchange aims to facilitate the shift towards becoming a fully transactional cryptocurrency....

January 11, 2023 · 1 min · 199 words · Donald Salvadore

New York Yankees Will Allow Workers To Convert Part Of Their Paychecks Into Bitcoin

By granting workers of the Yankees organization access to NYDIG’s Bitcoin Savings Plan (BSP), the arrangement brings together one of the most recognizable sports franchises in the world with the cryptocurrency space, according to the company’s press release. BSP is a workplace benefit that enables workers to convert a part of their wage into bitcoin via the NYDIG platform. Employees who take part in a NYDIG Bitcoin Savings Plan that is provided by a participating company are exempt from paying any costs associated with either the transaction of Bitcoins or their safe storage....

January 11, 2023 · 2 min · 258 words · Thomas Decker

Nikola Snags Battery Production Company Stock Down In Premarket

This transaction will be an all-stock transaction roughly worth $144 million, where holders of RMO will receive 0.1186 of NKLA stock for each share of RMO. Other details of the deal include Nikola providing $35 million in interim funding, $15 million in senior secured notes, and $20 million in pack delivery incentives. Besides the supply-chain cost savings, Nikola expects other strategic rationales, including vertical integration and battery pack manufacturing the company will bring in-house....

January 11, 2023 · 2 min · 300 words · Janette Franklin

Number Of Bitcoin Holders Has Been Steadily Rising Amid Bear Market

Indeed, the number of Bitcoin holders has been steadily rising amid a bear market in the broader crypto space as investors continue to find solace in BTC as a store of value as they HODL the digital commodity. As of September 27, the number of Bitcoin holders has been growing in the last year, adding over 4.5 million new holders, per data from IntoTheBlock. The platform noted: Bitcoin retail holders hit a new all-time high Interestingly on September 16, Finbold reported that the number of Bitcoin addresses holding at least 0....

January 11, 2023 · 2 min · 370 words · Alice Gautreau

Number Of Bitcoin Holders Hits An All Time Record At Almost 40 Million Addresses

Close to 40 million addresses held Bitcoin in their balance as of March 14, IntoTheBlock announced on Twitter. The crypto analytics firm said that 888,000 new addresses with a balance in Bitcoin joined the network since the beginning of 2022 to give it an average of 39.79 million addresses. Positive Bitcoin trends As Finbold reported earlier, the accumulation of Bitcoin has been increasing in recent months, although there is a noticeable gap between the number of holders with less than 1 BTC (small fish) and those that hold between 1,000 and 10,000 BTC (whales)....

January 11, 2023 · 2 min · 266 words · Hattie Scorgie

Nvidia S Revenue From Crypto Mining Processors Fell By More Than 70 Finbold

The results indicate that the revenue plunged almost 77% from $105 million to $24 million, driven by possible factors like shifting focus from proof-of-work centered cryptocurrencies for energy-efficient proof-of-stake assets. The drop also comes when other chip makers like Intel have entered the crypto mining space. Notably, Intel claims that its latest processor for mining is 1,000 times faster than the standard chips for SHA-256. Nvidia also cited crypto volatility as a possible reason for dropping demand....

January 11, 2023 · 2 min · 302 words · Karen Lowe

Only Five Countries Control 30 Of All Reachable Bitcoin Nodes Globally

Specifically, as much as 30.3% of the world’s reachable Bitcoin nodes are located in five countries – the United States, Germany, France, the Netherlands, and Canada, according to the data retrieved by Finbold from BTC nodes analytics platform Bitnodes on October 24. As the chart showing the distribution of reachable Bitcoin nodes across leading countries demonstrates, the U.S. is the leader among these countries, with 1,844 or 13.2% of reachable nodes, followed by Germany with 1,362 or 9....

January 11, 2023 · 2 min · 386 words · Clarence Parrino

Over 30 Of Britons Would Invest In Cryptocurrencies If It Was Regulated

The study revealed over a third of the British public is apathetic to buying into cryptocurrency due to a lack of regulation. However, half of those surveyed aged between 30 and 39; declared more accessible information would make them keener on investing. Thirty-four percent of Brits and three-quarters of people in their thirties familiar with the likes of Bitcoin, Dogecoin, and Ethereum said better consumer protection would make them more likely to buy crypto assets....

January 11, 2023 · 2 min · 307 words · Jay Rose

Over 60 Of Uk Investors Predict A Recession By The End Of The Year Survey Shows

Thus, UK investors are also bracing for a recession before the end of the year, as a new survey of 885 UK-based retail investors commissioned by HYCM shared with Finbold shows. The study showed: that 62% of investors believe that the UK will enter a recession before year-end. Namely, the survey showed how retail investors manage their portfolios with high inflation, low growth, recession risks, and Conservative leadership contests piling on possible headwinds for the broader markets....

January 11, 2023 · 2 min · 265 words · Nicholas Brewer

Phenomenon Coins From Bankrupt Crypto Firms Top Market Gains

In this case, the collapse of such projects was expected to drive the value of the respective tokens to near zero. However, this is not the case considering the coins in question are rallying to defy the current market trend. For instance, CEL, the native token of the now bankrupt crypto lending platform Celsius, has gained 29.29% in the last seven days trading at $1.52 by press time. Elsewhere, the stablecoin of the Terra ecosystem TerraClassicUSD (USTC) has gained 27....

January 11, 2023 · 3 min · 445 words · Chris Gonzalez

Portugal S Parliament Rejects Bitcoin And Crypto Tax Proposals

Notably, the suggestions were put up by the left-leaning parties Bloco de Esquerda and Livre and were both shot down during a voting session for the 2022 budget on May 25, according to a report published in the Portuguese economic weekly ECO. The Socialist Party, which is now in power and controls the majority of the parliamentary assembly, has not presented any bills as of yet. Despite this, there is a possibility that Portugal may no longer exclude cryptocurrencies from taxation in the near future....

January 11, 2023 · 2 min · 218 words · Gerald Waters

Revealed Here Are The Highest Paying Jobs In Video Game Industry In The Uk

The study, conducted by online gaming platform Solitaired, analysed Indeed UK data for the different video games roles and ranked them according to the average annual salary for each role in the UK. All the data for this research was accessed on April 25, 2022. According to results shared with Finbold, the 14 highest-paid video games jobs in the UK are: According to the findings, Game Developers are the highest-paid job in the UK, with an average yearly salary of £43,469....

January 11, 2023 · 2 min · 394 words · Horace Mckellar

Robinhood Enables Cardano Ada Trading For Its 23 Million Users

Robinhood stated that the listing is due to demand from users, with trading in the token expected to begin immediately, the platform said in a tweet on September 1. Amid the ongoing crypto bear market, the listing is yet to inspire any excitement among ADA investors as the token’s price remains sluggish. In this line, by press time, ADA was trading at $0.44, recording a drop of almost 2.5% in the last 24 hours....

January 11, 2023 · 2 min · 284 words · Ann Mathias