The scheme, according to the Department of Justice (DOJ), ran from June 2021 to April 2022. Over the period, they profited from at least $1.5 million in illegal trades. The US Attorney’s Office for the Southern District of New York, and the Securities and Exchange Commission have charged a former product manager of Coinbase Global […]
The launch of the online payment system is the latest in a series of moves by the fintech firm to expand. Fintech startup AirWallex has launched its online payment system on Shopify. The payment app will allow merchants on the app to add their online stores and receive payments from customers globally. Regarding the development, […]
Prior to this development, the ECB had kept rates at historic lows in negative territory since 2014. The European Central Bank (ECB) decided to hike interest rates on Thursday for the first time in 11 years. The central bank resorted to this in an attempt to control inflation in the eurozone. However, the magnitude of the […]
Amazon has taken another giant stride into the healthcare space with the acquisition of primary healthcare chain One Medical. Amazon (NASDAQ: AMZN) is reportedly lining up approximately $3.9 billion to acquire primary health-care provider One Medical. The e-commerce giant seeks to use this acquisition to further steepen its presence in the healthcare sector. Amazon revealed […]
In January, Apple’s market cap touched $3 trillion for the first time before the downturn in stock valuations hampered it. According to Morgan Stanley analysts, the market value of Apple Inc (NASDAQ: AAPL) could hit $3 trillion if it switches its business model. Analysts at Morgan Stanley explain that one sure way for Apple to hit this […]
The first piece of the collection of 11 pieces of NFTs belonging to the LinkedIn executive is currently up for auction on the Solana marketplace. LinkedIn co-founder Reid Hoffman is transforming DALL-E Arts into Solana NFT. The billionaire is rolling out a series of Solana-based non-fungible tokens (NFTs) based on digital images he creates with DALL-E artificial […]
The funds raised from SIG will be used to upgrade the infrastructure of KuCoin as well as enrich and diversify its product line. Singapore-based crypto exchange KuCoin has announced strategic funding of as much as $10 million from Susquehanna International Group (SIG), a global quantitative trading and technology firm. In addition to the investment, the companies will […]
Following the excitement around The Merge upgrade, institutional interest in Ethereum has been picking up strongly. ETH breaks past its crucial resistance and is trying to approach $1,700. All eyes have been on the world’s second-largest cryptocurrency Ethereum (ETH) which has delivered a phenomenal price rally over the last week. Ether (ETH) gained more than 40% […]
Zuckerberg emphasized that the Feeds tab will display posts chronologically to all Facebook users. Facebook is making changes to its platform by unveiling a new tab called “Feeds”. The new feature will allow users to view posts from the most recent to the oldest, other than ranking by an algorithm. Basically, Facebook users can click […]
Despite facing production headwinds during the second quarter, Tesla delivered better-than-expected output driving the stock market higher on Thursday. On Thursday, July 21, electric carmaker Tesla Inc (NASDAQ: TSLA) surprised The Street with better-than-expected earnings results. Tesla’s adjusted earnings per share stood at $2.27 against the estimated $1.81. The Q2 results demonstrated by Tesla led […]
Speaking on the 2022 Q2 performance, Snap CEO Evan Spiegel said the results do not reflect the company’s ambition. Snapchat parent company Snap Inc (NYSE: SNAP) lost nearly 27% in extended trading hours as the company missed expectations in its 2022 Q2 earnings report. The social media company released an unimpressive earnings result for its second […]
The Volare Finance protocol is designing its platform as a one-stop shop for options traders with a range of concerns they face on a daily basis being resolved. Advanced options trading platform for the Web3.0 ecosystem, Volare Finance has announced a new milestone bordering on its launch of its Testnet on the Fuji protocol. The […]
Apart from cutting its workforce, Blockchain.com is also lowering its institutional lending operations. Many investors, traders, and companies are victims of the ongoing crypto bear market, and Blockchain.com has also had its share as it announced reducing its workforce. Like other crypto companies that have lowered headcounts in the wake of the market condition, crypto […]
Didi has responded to the fine penalty. The company said in an online statement that it accepts the regulator’s decision. The Cyberspace Administration of China (CAC) has fined Chinese transport company Didi 8.026 billion yuan, equaling $1.19 billion, for violating data security laws. The cybersecurity regulator in China came to the conclusion of the year-long […]
In the company’s letter to investors, Tesla executives stated that the company sold 75% of its Bitcoin holdings, adding $936 million in cash to its balance sheet. Bitcoin price saw a spike in price in the early stages of yesterday and looked like it was finally about to break out, briefly climbing above $24,300, before […]
Finhaven is a Vancouver-based financial services and technology company with a capital markets technology platform built on distributed ledger technology (DLT) and digital securities. Many people are preparing for the future of Decentralized Finance (DeFi) with all hopes that when it has attained a full bloom, they will be able to stand among the platforms […]
Bankman-Fried has assured that they will keep growing with new staff just as they did in the better market days. Crypto exchangeFTX and its US subsidiary FTX US have reportedly planned for more acquisitions as they set up funding targets each. They recently reported to have acquired firms facing financial difficulties following the recent struggle […]
zkSync will support scripting languages for EVM-based apps such as Solidity and Vyper. The mainnet launch for zkSync 2.0 shall happen before the end of 2022. On Wednesday, July 20, Ethereum Layer-2 scalability solution zkSync announced that it will go live on the mainnet within the next three months. Matter Labs, the project’s developer made the […]
The SEC has filed objections against XRP holders and attorney John E Deaton who are aiding Ripple in its defense against the regulator. In its ongoing case with crypto-focused firm Ripple, the Securities and Exchange Commission (SEC) is objecting to XRP holders aiding Ripple’s defense. The regulatory agency also wants to ban attorney John E. Deaton from any […]
The Solana Launchpad will also focus on enhancing the collectors’ experience. OpenSea said that they will also help creators navigate through all pre-mint activities. OpenSea, the Ethereum-based popular marketplace for non-fungible tokens (NFTs), announced the launch of Solana Launchpad on the platform. Under this launchpad experience, creators will be able to mint NFTs from start […]