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PacWest, Western Alliance crash as regional bank fears continue to shake markets
PacWest (PACW) and Western Alliance (WAL) plunged Tuesday as investors remained convinced the worst was not yet over for troubled regional banks. The stock drops for both institutions came one day aft...
Balaji Forfeits and Settles $1 Million Bitcoin Bet
Former Coinbase CTO Balaji Srinivasan has withdrawn from his notorious $1 million Bitcoin bet, in which he gambled $1 million in USDC on the price of Bitcoin reaching $1 million. However, the investo...
Stocks sink as bank shares plunge, Fed meeting gets underway: Stock market news today
U.S. stocks tumbled on Tuesday as the fallout from First Republic Bank’s (FRC) failure continued to hit bank stocks and the Federal Reserve began its two-day meeting. The S&P 500 (^GSPC) clo...
Retail CBDCs bring unknown ‘consequences’ to financial system: IMF director
A myriad of unforeseeable “consequences” will be brought about by retail central bank digital currencies (CBDCs), the managing director of the International Monetary Fund (IMF) claimed. The IMF’...
Banking fears reignited on Wall Street as HSBC chief claims crisis is over
HSBC’s chief executive Noel Quinn played down concerns about the health of the global banking system after JP Morgan was forced to step in to rescue California’s First Republic Fears of a US banking c...
Coinbase Launches International Exchange for Bitcoin and Ether Perpetual Futures
– Advertisement – Coinbase, the San Francisco-based cryptocurrency exchange, recently announced the launch of a new service called Coinbase International Exchange. The new platform will en...
Police Finally Arrest Texas Man Accused Of Killing 5 Neighbors—Ending Days-Long Manhunt
Topline Police on Tuesday arrested a 38-year-old Texas man accused of fatally shooting five of his neighbors—including a 9-year-old—near Houston last week, local authorities said Tuesday, ending a len...
This is not another financial crisis
Famed financier and healthcare expert Michael Milken doesn’t think the US is trapped in a banking crisis, but the turmoil does offer an important lesson for investors, management teams, and regu...
Carl Icahn’s faces short report from Hindenburg Research
Carl Icahn’s Icahn Enterprises’ (IEP) stock hit a 52-week low after the famed activist investor became the target of a short-seller report accusing him of what he often criticizes others for: mi...
Ron DeSantis Vows to Prohibit CBDC, ‘Woke Politics,’ and ‘Financial Surveillance’ in Florida – Bitcoin News
Florida governor Ron DeSantis reiterated his call for a ban on central bank digital currencies (CBDCs) during a visit to Jacksonville on Tuesday. Last March, DeSantis pushed for legislation to prohibi...
Apple Earnings May Fall 10% As iPad, Mac Sales Drag
Apple (AAPL) will likely report lower revenue and earnings compared to a year ago as sales of some of its iconic products, including iPhones, iPads, notebooks, and Mac computers, decline. Key Takeaway...
‘It’s As If The Whole Country Takes A Pay Cut:’ Top Economist Warns Of A Recession And Another 23% Drop In Stocks But Highlights Opportunity For Those With ‘Dry Powder’
Fears of a recession have mounted since the U.S. Federal Reserve began hiking interest rates in early 2022. Although the latest gross domestic product (GDP) figures indicated growth, a recession could...
DCG Linked Crypto Exchange Luno Loses Top Global Executive
Crypto exchange Luno’s vice president of corporate development and international, Vijay Ayyar, is leaving the company as it prepares to exit Singapore. CNBC reports that Vijay Ayyar, a senior executiv...
Michael Milken says recent crisis is the same mistake banks have been making for decades
Michael Milken, Chairman of the Milken Institute, speaks during the Milken Institute Global Conference in Beverly Hills, California, on May 2, 2022. (Photo by Patrick T. FALLON / AFP) (Photo by PATRIC...
Solana’s [SOL] DeFi activity inches towards pre-FTX levels thanks to…
After tumbling in December, the trajectory of SOL’s trading volume in the last four months resembled the pre-FTX levels. At the time of writing, Solana held assets worth more than $572 million, repres...
Nikola Partners With Voltera On Hydrogen Station Funding
Nikola Corp (NASDAQ: NKLA) and decarbonization infrastructure provider Voltera signed a definitive agreement to develop the hydrogen fueling infrastructure to support Nikola’s deployment of zero...
Are They Really Creating Millionaires?
Some people have become millionaires by investing in meme coins, but it’s a highly risky and volatile market. Memecoins like Dogecoin have gained popularity due to their cultural significance, but the...
Stocks moving big after hours: F, SBUX, CLX
A Starbucks store is seen inside the Tom Bradley terminal at LAX airport in Los Angeles, California. Lucy Nicholson | Reuters Check out the companies making headlines after hours. Ford Motor — Ford to...
Markets Expect One Last Fed Rate Hike. Beware—This Just Happened in Australia.
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Mastercard Launches Crypto Credential Service
Mastercard announced the launch of a service that will ensure transactions between crypto users’ wallets are verifiable and compliant. Mastercard will launch a new product, the “Mastercard Crypto Cred...
Conservative Pundit Ben Shapiro Invests $4.7 Million in Israeli Drug Company
(Bloomberg) — Right-wing media entrepreneur Ben Shapiro has taken a $4.7 million stake in a struggling Israeli pharmaceutical company and joined the board. Most Read from Bloomberg Shapiro, 39, ...
Pepe (PEPE) Token’s Enormous Rally Ignites Another Memecoin Frenzy
Is the Ethereum blockchain ready to see yet another memecoin revolution with the emergence of the Pepe (PEPE) token? This could be the case if the digital asset, which continued to rally since its inc...
Balaji pays out his crazy $1M Bitcoin bet, 97% under price target
A $1 million Bitcoin (BTC) price bet has been closed out 97% under its target price, with its backer Balaji Srinivasan choosing instead to donate a total of $1.5 million to three different entities as...
How The New Bar Became Coachella’s First Non-Alcoholic Partner
Brianda Gonzalez, founder and CEO of The New Bar. The New Bar The Latina-founded alcohol-free drink shop, The New Bar, became Coachella Valley Music and Arts Festival’s first non-alcoholic partner. Wi...
Biden Administration Pushes Congress to Pass 30% Tax on Bitcoin Mining
The White House is attempting to persuade Congress to pass a 30% climate change tax on cryptocurrency miners as part of its next federal budget. The change, titled the Digital Asset Mining Energy (DAM...
Billionaire Ken Griffin Doubles Down on These 2 ‘Strong Buy’ Stocks — Here’s Why You Might Want to Follow in His Footsteps
Every investor is looking to gain an edge and beat the market and there are numerous strategies that can help in this undoubtedly difficult endeavor. One obvious game plan is to follow in the footstep...
Chevron Doctrine Fight “Most Important In Crypto”
Crypto Market News: XRP lawyer John Deaton said the U.S. SEC under Gary Gensler has been grossly expanding the reach of the Howey Test. In a recent development, the U.S. Supreme Court agreed to consid...
Chegg stock sinks as ChatGPT steals market share
ChatGPT is beginning to take market share from online learning platform Chegg (CHGG), Chegg executives conceded on an earnings call Monday evening. “In the first part of the year, we saw no noticeable...
zkLink Announces First “Dunkirk Test” to Establish New DeFi Safety Standard
Singapore, Singapore, May 3rd, 2023, Chainwire zkLink, a multi-chain trading middleware utilizing zero-knowledge proofs, announces the first “Dunkirk Test”, a new DeFi safety standard, on May 11-13. D...
zkLink Announces First “Dunkirk Test” to Establish New DeFi Safety Standard – Cryptopolitan
Singapore, Singapore, May 3rd, 2023, Chainwire zkLink, a multi-chain trading middleware utilizing zero-knowledge proofs, announces the first “Dunkirk Test”, a new DeFi safety standard, on May 11-13. D...
zkLink Announces First “Dunkirk Test” to Establish New DeFi Safety Standard
Singapore, Singapore, May 3rd, 2023, Chainwire zkLink, a multi-chain trading middleware utilizing zero-knowledge proofs, announces the first “Dunkirk Test”, a new DeFi safety standard, on May 11-13. D...