In December, the Dogecoin Foundation, a nonprofit organization that oversees developments on the network, introduced a roadmap for the project’s revival and rebrand from a mere joke cryptocurrency to a more technical project. It was the first roadmap in Dogecoin’s eight-year history and explored eight new projects, including the launch of LibDogecoin and GigaWallet, as … [Read more...] about Dogecoin Surge Sees Short Traders Lose $8M After Tesla Store Addition
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Short Traders Lose $82M as Bitcoin Bounces to $43K
A bit over $45 million worth of longs were liquidated. Liquidations occur when an exchange forcefully closes a trader’s leveraged position as a safety mechanism due to a partial or total loss of the trader’s initial margin. This happens primarily in futures trading, which only tracks asset prices, as opposed to spot trading, where traders own the actual assets. Source link … [Read more...] about Short Traders Lose $82M as Bitcoin Bounces to $43K
Former SushiSwap CTO writes short reflection about leadership failures at blockchain DEX
On Friday, Joseph Delong, former chief technology officer of decentralized exchange, or DEX, SushiSwap, published a brief reflection of experiences during his tenure.Delong unilaterally resigned two days prior, citing internal structural chaos among developers behind the popular DEX. In explaining his decision, Delong outlined failures to scale operations, lack of organization … [Read more...] about Former SushiSwap CTO writes short reflection about leadership failures at blockchain DEX
Coinbase Shares Tumble as Q3 Revenues Fall Well Short of Estimates
As for its outlook, Coinbase said that “while we entered Q3 with softer crypto market conditions, driven by low volatility and declining crypto asset prices, market conditions improved meaningfully later in the quarter which we have continued to see into early Q4.” Source link … [Read more...] about Coinbase Shares Tumble as Q3 Revenues Fall Well Short of Estimates
PayPal’s Q3 Earnings Beat Estimates but Revenues Fall Short
PayPal’s (PYPL) adjusted earnings per share of $1.11 for the third quarter came in ahead of the analyst consensus estimate of $1.07, according to FactSet. But the company also posted revenue of $6.18 billion in the third quarter, which was short of estimates of $6.23 billion. Source link … [Read more...] about PayPal’s Q3 Earnings Beat Estimates but Revenues Fall Short