Cryptocurrency

Goldman Sachs Downgrades Coinbase to Sell Rating — Analyst Says Firm Needs to Make Cost Base Reductions – Bitcoin News

Goldman Sachs Downgrades Coinbase to Sell Rating — Analyst Says Firm Needs to Make Cost Base Reductions – Bitcoin News

Analysts from the multinational investment bank and financial services company Goldman Sachs Group Inc. have downgraded Coinbase Global Inc. in a note to investors on Monday. Today, Coinbase shares are down 83.68% from the stock’s all-time high (ATH) in November 2021. Goldman analyst William Nance explained that his group of market strategists believes “Coinbase will …

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What are Hardware Wallets

What are Hardware Wallets | Technology News

Brian Armstrong, the CEO of Coinbase crypto exchange, recently said that very soon, smartphone brands will have to integrate hardware solutions for digital asset holders, as the sector continues to see adoption and expansion. Since software crypto wallets could be more susceptible to being violated, hardware crypto wallets are becoming increasingly popular in the crypto …

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Bankman-Fried

Bankman-Fried’s FTX Seeking Path to Buy Robinhood, No Formal Approach Made Yet: Report

Sam Bankman-Fried’s FTX crypto exchange is exploring whether it might be able to acquire Robinhood Markets, Bloomberg News reported on Monday, citing people with knowledge of the matter. FTX is discussing internally how to buy the app-based brokerage and Robinhood has not received a formal takeover approach, the report said. Robinhood declined to comment. The …

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Morocco's Central Bank to Unveil Crypto Regulation Bill Soon – Regulation Bitcoin News

Morocco’s Central Bank to Unveil Crypto Regulation Bill Soon – Regulation Bitcoin News

The Moroccan central bank is presently working on a cryptocurrency regulation framework bill and according to the bank’s governor, Abdellatif Jouahri, this is set to be introduced soon. The regulatory framework being worked on will result in Morocco’s money laundering and anti-terrorism financing regulations being upgraded. Crypto Regulation Best Practices A Moroccan central bank committee …

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Harmony Announces $1 Million Bounty to Help Return $100 Million Lost in Horizon Bridge Hack

Harmony Announces $1 Million Bounty to Help Return $100 Million Lost in Horizon Bridge Hack

Layer-1 blockchain Harmony’s Horizon Bridge has been hacked for the sum of roughly $100 million (roughly Rs. 784 crore), becoming the latest blockchain bridge whose security frailty has been exploited in recent months. The Harmony team revealed the breach on Friday, noting that it has instituted preliminary actions to restore normalcy to the Horizon Bridge. …

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tencent

Tencent Launches Extended Reality Unit to Tackle the Metaverse Market – Metaverse Bitcoin News

Tencent, the Chinese technology and entertainment giant, announced the creation of its own metaverse-driven division. The division, named the extended reality unit, will be the one tasked with encompassing all metaverse-driven efforts, including hardware and software developments. According to reports, the company aims to employ over 300 in this unit, with Tencent giving it big …

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Crypto Firm Voyager Digital Secures a $500M Line of Credit From Alameda Ventures to Cope With 3AC Exposure – Bitcoin News

Crypto Firm Voyager Digital Secures a $500M Line of Credit From Alameda Ventures to Cope With 3AC Exposure – Bitcoin News

Three days ago, Bitcoin.com News reported on the publicly listed company Voyager Digital after the crypto firm announced that it was owed $655 million worth of digital assets. Now according to a press release from Voyager, the company has secured funds from Alameda Ventures in order to get more access to liquidity. Voyager Borrows $500 …

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