New York Community Bancorp (NYCB) faced severe difficulties on Wednesday, with its shares plunging more than 40% and trading halted. NYCB stock is currently trading at $6.61 per share, down just over 36%.advertising Banking concerns from last year resurface as NYCB faces harsh revenue reality The financial difficulties of New York Community Bancorp (NYSE: NYCB), which acquired Signature Bank, resurfaced, sending the stock down sharply during trading on Wednesday. NYCB’s shares have plunged more than 40% against the US dollar since the bank’s latest earnings release. The financial institution has declared firm steps to shore up capital, strengthen balance sheets…
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The Ethereum network saw a 28% increase in daily address creation. The rise in spot prices did not move the derivatives market. Ethereum (ETH) has recovered well following a sharp decline on January 22 that saw the second-largest asset lose 10% in value. The second-largest asset has recorded steady growth of 4.74% over the past week, AMBCrypto found using CoinMarketCap data. During the upward trend, ETH also rose to $2,380. However, profit taking by weak hands has pushed ETH down to $2,339 at the time of writing. Source: CoinMarketCap Ethereum shows high network utilization The price rise was accompanied by…
join us telegram A channel to stay up to date on breaking news coverage The non-fungible token market, once hailed as the next big thing in the burgeoning cryptocurrency world, experienced a sharp decline in January this year due to a reversal in NFT trading sales and trading activity. In this article, we will find out whether the NFT market will test positive growth again in the coming February. NFT sales fell 36% in January The global non-fungible token market recorded slight negative growth in January this year, according to data obtained from on-chain market data aggregator CryptoSlam.io. Transactional sales…
January 31, 2024, New York, USA, Chainwire This week, the much-anticipated Bitcoin L2 solution Merlin Chain launched on testnet, with mainnet expected to launch within a month. Bitcoin’s Network Congestion Dilemma and Scaling Solutions The evolution of Ordinals over the past year has reignited interest in the Bitcoin ecosystem after a long absence. While increasing the enjoyment of the Bitcoin ecosystem, it has also increased the depletion of network resources. Increasingly higher transaction costs and the rising price of Bitcoin itself have added to congestion on the network and discouraged new users from becoming interested in Bitcoin. (Bitcoin daily average…
Posted 1 minute ago In ~ GSR, a leading global cryptocurrency trading firm, announced the hiring of former JPMorgan Chase executive Andreas Koukorinis.Koukorinis, who previously served as global head of electronic trading for credit and bond ETFs at JPMorgan Chase, is joining GSR to strengthen its digital asset trading presence, the company said. press release On Wednesday. He becomes GSR’s new Head of Trading.“The next few years will be foundational in defining the market infrastructure for digital assets, and we believe GSR is uniquely positioned to capitalize on the trading opportunities this presents,” Koukorinis said in a statement. He told…
Collapsed cryptocurrency exchange FTX will not reopen, the company’s bankruptcy lawyers announced Wednesday. court hearingDue to lack of interest from buyers. However, the company said it expects to fully repay both ‘licensed’ customers and ‘general unsecured creditors’ affected by the sudden closure in November 2022 amid a liquidity crisis.At a hearing in U.S. Bankruptcy Court in the District of Delaware, FTX attorney Andy Dietderich outlined the company’s current Chapter 11 plan after recovering significant funds from related companies and gradually selling its cryptocurrency holdings to fund repayments.“Today we can carefully predict to some extent whether we will be successful or…
Ethereum price rose above the $2,320 resistance zone. ETH is correcting gains, but the 100-hour SMA may provide support and start a new increase. Ethereum began an extended recovery above the $2,320 resistance zone. The price is trading above $2,300 and the 100-hour simple moving average. On the hourly chart of ETH/USD (data feed via Kraken), a break occurred below the major bullish trend line with support at $2,325. If it holds above the $2,300 level, it could start a new rally. Ethereum price maintains support Ethereum price remained in positive territory above the $2,250 resistance zone. ETH cleared the…
San Francisco and Seoul, USA, South Korea, January 31, 2024, Chainwire The deal marks a broad strategic partnership for Netmarble’s Web3 Arm, a layer-1 protocol for technology and go-to-market collaboration for Web3 games. Saga, the leading Layer-1 protocol and developer ecosystem in the web3 space, and MARBLEX, Netmarble Corp.’s gaming-focused blockchain, today announced a strategic partnership. Their comprehensive collaboration is expected to enable MARBLEX to leverage Saga’s unique infrastructure to address the critical scale needed to meet the demands of the global gaming market. MARBLEX and Saga will also work closely to bring web3 games to market through their respective…
Cryptocurrencies have been a hot topic in the financial world over the past decade, with Bitcoin leading the way as the most popular and widely known digital currency. However, there are hundreds of other cryptocurrencies on the market, and the one that is generating a lot of buzz is SuperCoin. In this article, we will look at why SuperCoin is the next big thing in cryptocurrency and why you should not miss the opportunity to invest in SuperCoin. What is a Supercoin? SuperCoin is a decentralized digital currency that operates without a central authority or bank using peer-to-peer technology. It…
MessiahDespite efforts to promote financial inclusion and foster economic development, Bitcoin as fiat currency, appears to be struggling to achieve widespread acceptance of digital currencies. A research study conducted by a group of economics professors has revealed numerous challenges the country faces with policy implementation. bitcoin. Professors conduct research on Bitcoin in El Salvador. The research paper, co-authored by David Argente, assistant professor of economics at Yale, Diana Van Patten, professor of economics, and Fernando Alvarez, professor of economics at the University of Chicago, includes: Open to the public Bitcoin adoption and overall sentiment by sovereign countries. The report highlights…