Pinakabagong Balita sa Crypto at Market Updates

Xpeng Shares Slide 5% Following Weak Q1 2023 Outing & Q2 Deliveries Forecast

Tech　　Xpeng Shares Slide 5% Kasunod ng Mahinang Q1 2023 Outing at Q2 Delivery Forecast　　25 minuto ang nakalipas　　Balita ng Ethereum ng Bitcoin　　Chinas Xpeng shares were trading lower in US pre-trade after the EV company forecast significantly lower vehicle deliveries for Q2.　　The shares of Chinese electric vehicle (EV) giant XPeng Motors (NYSE: XPEV) slid 5% following missed Q1 earnings and a gloomy delivery forecast.　　Xpeng shares sank in US pre-market trade after the company reported a 50% year-over-year (YoY) decline in Q1 revenue. The company raked in income of 4.03 billion Chinese yuan ($571.6 million) compared to the 5.19 billion yuan analysts expected. For the first quarter of 2023, the Chinese Tesla rival also sustained a net loss of 2.34 billion yuan versus the 1.9 billion expected. Xpengs latest quarterly deficit exceeded the 1.7 billion yuan loss suffered in the same quarter last year.　　Xpeng Chairman and Chief Executive Officer He Xiaopeng weighed in on the companys quarterly performance, saying:　　“During the first quarter of 2023, I made changes to our strategy, organizational structure, and senior management team decisively. I am fully confident in taking our company into a virtuous cycle, driving product sales growth, team morale, customer satisfaction, and brand reputation over the next

2023-05-25Industriya

Bitfinex expands Latin America presence with investment in Chilean “crypto bank” OrionX

crypto　　Pinapalawak ng Bitfinex ang presensya ng Latin America na may pamumuhunan sa “crypto bank” na OrionX ng Chile　　24 minuto ang nakalipas　　Balita ng Ethereum ng Bitcoin　　Bitfinex, a leading digital asset trading platform, has announced a new investment in Orionx, a top cryptocurrency exchange in Chile.　　A joint press release by the two firms noted that the investment is part of a broader effort to promote financial freedom and inclusion in Latin America.　　OrionX, founded in 2017, has also grown into South Americas first “crypto bank” and offers a wide array of crypto-related services. Bitfinex, meanwhile, is one of the oldest crypto exchanges in the industry.　　Bitfinex looks to expand in Latin America　　Bitfinexs investment in OrionX comes at a time when the Chile-based crypto exchange is eyeing expansion into Peru, Colombia and Mexico. According to the platform, entry into these markets will help its goal of surpassing the one million users mark by 2024.　　Entry into Chile meanwhile offers Bitfinex an opportunity to grow its presence in the country and across the region.　　Paolo Ardoino, CTO at Bitfinex commented:　　“Were excited to collaborate with OrionX as we look to expand our presence in Chile and across Latin America. This represents a major step forward in our efforts to

2023-05-25Industriya

Do Kwon Was Denied Bail In Montenegro: Report

Tech　　Si Do Kwon ay Tinanggihan ng Piyansa Sa Montenegro: Ulat　　23 minuto ang nakalipas　　Balita ng Ethereum ng Bitcoin　　On Wednesday, a higher court in Montenegro revoked bail of 800,000 euros ($880,640) earlier given to Do Kwon, a cryptocurrency entrepreneur accused in the United States of a multibillion-dollar scam, and an ally awaiting trial, according to a ulat.　　The previous verdict was reversed by the high court in Montenegros capital Podgorica, court spokesperson Marija Rakovic said by phone on Wednesday. Kwon is still imprisoned.　　Do Kwon, a South Korean person, is the former CEO of Terraform Labs, the South Korean company behind the stablecoin TerraUSD, which crashed in May 2022, unsettling cryptocurrency markets.　　Han Chong-joon, Kwons former chief financial officer, is also affected by the judgment. Both were granted bail of 400,000 euros ($430,500) by the Basic Court in Podgorica earlier this month. The prosecution swiftly filed an appeal, which moved the matter to a higher court for a decision.　　Kwon and Joon were apprehended in March when they attempted to board a flight to Dubai at the airport in Montenegros capital, Podgorica. The two were accused of falsifying official papers, and a court in Podgorica sentenced them to 30 days in pre-trial custody.　　The prosecution contended that

2023-05-25Industriya

Meta, First Citizens Bank Axe Hundreds Of Jobs

Pananalapi　　Meta, First Citizens Bank Axe Daan-daang Trabaho　　21 minuto ang nakalipas　　Balita ng Ethereum ng Bitcoin　　First Citizens Bank will reportedly slash nearly 500 Silicon Valley Bank employees after it acquired the failed California bank, while Meta and Covid-19 test manufacturer Abbott Laboratories also announced jobs cuts Wednesday, marking one of the busiest days of layoffs this spring as recession fears and high inflation continue to push employers to reduce their head counts.　　Mga Unang Mamamayan Chairman and CEO Frank Holding Jr. told employees in an email obtained by Axios the layoffs were the result of Silicon Valley Banks epic failure in March, which made it “increasingly clear that we must make decisions to right-size our scope and scale to remain competitive.”　　meta informed roughly 6,000 employees they had been let go, CNBC reported, following a previous batch of layoffs affecting roughly 4,000 employees last month—the cuts are part of the social media giant‘s plans to slash 10,000 of its nearly 87,000 employees during its so-called year of efficiency and bring Meta’s total layoffs since November to 21,000.　　Abbott Laboratories is cutting 200 jobs, it announced in a Worker Adjustment and Retraining Notification (WARN) notice, will bring the manufacturers total layoffs at its Westbrook, Maine, facility

2023-05-25Industriya

Pro-XRP Lawyer Reveals Expectation for Summary Judgment Verdict

Tech　　Inihayag ng Pro-XRP Lawyer ang Pag-asa para sa Buod ng Hatol ng Hatol　　21 minuto ang nakalipas　　Balita ng Ethereum ng Bitcoin　　XRP enthusiast and attorney Jeremy Hogan has revealed his expectations as regards the summary judgment ruling in the Ripple-SEC lawsuit.　　Hogan was responding to a Twitter user who asked if Judge Torres could make a summary judgment decision before the redacted documents are released.　　He answered that the judge does not have to wait for the documents to be released, but a more likely scenario is that she might wait. Hogan added that he would not hold his breath until after June 13.　　In a throwback to events in the Ripple lawsuit, it should be recalled that on May 16, Judge Torres issued a ruling denying the SECs motion to seal the Hinman documents. The countdown for the much-talked-about documents to be made public began with June 6 in mind.　　In the past week, both parties filed a joint letter for a one-week extension, until June 13, 2023, to file public, redacted versions of cross motions for summary judgment and accompanying exhibits, which include the Hinman materials.　　The request for an extension of time to June 13 was required due to the “voluminous nature of the

2023-05-25Industriya

Crypto Market Restricted Upside Value: Bank of America

crypto　　Crypto Market Restricted Upside Value: Bank of America　　20 minuto ang nakalipas　　Balita ng Ethereum ng Bitcoin　　The analysts, Alkesh Shah and Andrew Moss, wrote that low belief, restricted catalysts, and achieving better results leave the digital asset sector stuck in a trading range with a challenging macro backdrop, likely capping digital assets upside.　　The other reasons accounting for restricted growth can be the cost of production, fees of exchanges, and chances of attracting specific regulation by the government. These are some of the other reasons which may count, but the market suggested some more reasons after analysis.　　This includes that the holders are increasing their holdings rather than trading or moving it around. And also, the prices are stagnant. This signals the lack of liquidity in the market. This can result in price swings.　　Bitcoin Price Remains Stagnant　　The best example in front is Bitcoin. The BTC prize remains stagnant at $17000. It can be said that it has reached the saturation point. And maybe, most of the people interested, have already bought it.　　The bank had discussions with the client. This discussion clarifies that hedge funds are returning to token trading. It means the fund, which is invested in commodities, real estate, art, etc., is coming

2023-05-25Industriya

U.S. Regulator Says CFTC Is Not Crypto-Friendly Over The SEC

crypto　　Sinabi ng Regulator ng US na Hindi Crypto-Friendly ang CFTC sa SEC　　16 minuto ang nakalipas　　Balita ng Ethereum ng Bitcoin　　Crypto News: The United States has witnessed a surge in crypto crackdowns, prompting businesses to consider relocating their operations offshore. Amidst these developments, a prominent U.S. regulator issued a strong statement, cautioning crypto companies against perceiving the Commodity Futures Trading Commission (CFTC) as a potentially friendlier regulator than the opulent Securities and Exchange Commission (SEC).　　CFTC Not A Potential Crypto Ally　　Christy Goldsmith Romero, one of the five commissioners at the CFTC, revealed that cryptocurrency cases now constitute approximately 20% of the agencys portfolio. This includes recent civil cases brought against major exchanges such as Binance and FTX. In March, the CFTC filed a lawsuit against Binance and its CEO Changpeng “CZ” Zhao, alleging the operation of a sham compliance program. CZ countered the allegations, describing them as an incomplete representation of facts.　　Additionally, the regulator voiced her dissent over the belief that the CFTC has a “light touch” when it comes to regulating cryptocurrencies. While taking a dig on the matter, Romero was quoted as saying:　　Light touch regulator would never be written on my tombstone.　　Goldsmith Romero dismissed the notion of hostility between the CFTC

2023-05-25Industriya

Winklevoss Twins Explore London As Crypto Haven Amid US Crackdown

crypto　　Winklevoss Twins Explore London Bilang Crypto Haven Sa gitna ng US Crackdown　　12 minuto ang nakalipas　　Balita ng Ethereum ng Bitcoin　　Samantala, ang Winklevoss ay hindi lamang ang nakatayo pa rin upang ipagtanggol ang crypto sa US. Kamakailan, Coinbase　　Ang presyo ng pandaigdigang crypto market cap ay gumagalaw patagilid sa 1-araw na chart. Pinagmulan: Crypto TOTAL Market Cap sa TradingView.com　　Nararamdaman na ng crypto market ang init mula sa patuloy na crackdown sa crypto sa US. Sa nakalipas na 24 na oras, ang pandaigdigang crypto market ay bumaba ng 1.7% na may market value na nasa itaas ng $1 trilyon.

2023-05-25Industriya

NFTrade debuts cross-chain payments for NFTs – Cryptopolitan

Pananalapi　　Nag-debut ang NFTrade ng mga cross-chain na pagbabayad para sa mga NFT – Cryptopolitan　　11 minuto ang nakalipas　　Balita ng Ethereum ng Bitcoin　　Nonfungible token (NFT) marketplace NFTrade has unveiled a new tampok that allows collectors to purchase items on one network while making payments on a separate network. This innovative capability has been made possible through an integration with the cross-chain messaging protocol Rarimo, as announced on May 23.　　The cross-chain purchase functionality on NFTrade supports transactions across Ethereum, Polygon, Avalanche, and BNB Chain. For instance, if a user wishes to buy an item on Avalanche, they can pay for it using a currency from any of the other three networks. The protocol facilitates the automatic swapping of the buyers tokens on the sending chain for the specific token desired by the seller on the receiving chain. Subsequently, the payment is made to the seller, and the NFT is released to the buyer.　　Importantly, this entire process is executed in a decentralized manner, with the developer never taking custody of the buyer‘s funds, according to the announcement. Furthermore, NFTrade’s feature integrates with Circles Cross-Chain Transfer Protocol (CCTP), enabling buyers who opt to pay with USD Coin to burn their tokens on one chain and

2023-05-25Industriya

Multichain Token Crashes Over 20% Amid Reports of Users Funds Being Stuck

Tech　　Nag-crash ang Multichain Token sa Higit sa 20% Sa gitna ng Mga Ulat ng Mga Pondo ng Mga User na Natigil　　8 minuto ang nakalipas　　Balita ng Ethereum ng Bitcoin　　Users of the cross-chain router protocol Multichain have been reportedly experiencing delays in receiving their funds following an upgrade.　　There have also been rumors about the arrest of the Multichain team, which is yet to be confirmed.　　MULTI Sinks 24% in 24 Hours　　Several Multichain users have complained about their funds being stuck in the protocol for as long as 72 hours. Part of the problem seems to stem from a backend upgrade, which the team said is taking longer than usual.　　According to an operation update provided on May 23, Multichain said:　　The upgrade of the back-end node is taking longer than expected. Most of the routes are working as usual, as some routes (Kava, zkSync, Polygon zkEVM) are suspended temporarily for now. All the affected transactions will arrive once the upgrade is complete.　　Meanwhile, ongoing discussions on Multichains Telegram channel as of May 24 revealed that all but one router was undergoing an upgrade. One of the admins in the group said, “Only one router left in the upgrade progress. Other 6 routers work fine now,” with

2023-05-25Industriya

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