Bitcoin briefly tumbled to its lowest level in two years on Monday after Bloomberg News reported that Genesis, the digital-asset brokerage and lender, has told investors it could be forced to file for bankruptcy if its current fundraising efforts are unsuccessful. The price of bitcoin BTCUSD, +1.21% tumbled to $15,615 on Monday after Bloomberg published … Read more
Cryptocurrency lending company Genesis has refuted speculation that it is planning an “imminent” bankruptcy filing should it fail to cover a $1 billion shortfall caused by the fall of crypto exchange FTX. The firm has reportedly faced difficulties raising money for its lending unit and told investors it would have to file for bankruptcy, according … Read more
After meeting with Xi Jinping in Bali, the US president doesn’t think China will “invade” the island US President Joe Biden told reporters on Monday he didn’t see China “invading” Taiwan any time soon, after he had a “direct and straightforward” meeting with Chinese leader Xi Jinping. The two leaders met face to face in … Read more
G-20 Bali summit live updates, November 14: US President Joe Biden Monday reiterated America’s support for ‘One China’ policy, saying that he doesn’t see an “imminent attempt” from Beijing to invade Taiwan. President Biden made the remarks meeting Chinese President Xi Jinping in person for the first time since he took office nearly two years … Read more
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The 100-plus-year-old Motion Picture & Television Fund, hit by a “perfect storm” of rising expenses and declining revenue, is facing its “imminent demise” and the very real prospect of closing its doors and going out of business by the end of 2022 unless it gets a dramatic infusion of cash donations. “Our mission has never … Read more
Ethereum is slowly moving higher above the $1,320 level against the US Dollar. ETH could gain pace above the $1,350 and $1,400 resistance levels. Ethereum remained strong above the $1,265 support zone and started a decent increase. The price is now trading above $1,320 and the 100 hourly simple moving average. There is a major … Read more
Bitcoin lost support at $18,600 and trended lower close to its yearly bottom at $17,900. The cryptocurrency managed to stop the bleeding at these levels, but the general sentiment in the markets seems to have flipped from dubious to fearful. At the time of writing, Bitcoin was trading at $18,300 with a 4% loss in … Read more
The beginning of 2022 has been rocky for the world’s largest cryptocurrency, Bitcoin. Many experts believe the digital token will eventually hit the $100K price. For them, this is not a case of if but when. Deutsche Bank also reported that some Bitcoin investors see BTC reaching a price of $110,000 in five years. Meanwhile, … Read more
Bitcoin found a strong buying interest near $18,500 against the US Dollar. BTC is recovering and there could be a fresh increase above the $20,000 resistance. Bitcoin remained stable and the bulls again protected the $18,500 support zone. The price is trading above $19,000 and the 100 hourly simple moving average. There is a short-term … Read more