Republican Senator Ted Cruz proposed legislation late Tuesday to block a central bank digital currency (CBDC) from being issued in the United States, joining a growing chorus of prominent GOP politici...
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First Republic Whipsaws Traders in Volatile Day for Bank Stocks
(Bloomberg) — First Republic Bank finished lower on Thursday, after briefly erasing declines when Treasury Secretary Janet Yellen said regulators would be prepared to take additional steps to gu...
Republicans Fail To Override Biden’s First Veto
Topline House Republicans on Thursday fell well short of the votes needed to override President Joe Biden’s rejection of a bill prohibiting retirement fund managers from basing investment decisions on...
Indie Card-Battler Shardbound Revived as Web3 Game on Immutable zkEVM
The crypto world is waiting for high-quality, breakout games to showcase the benefits of blockchain. Could the answer be to take an almost-there Web2 game and give it a Web3 twist? That’s what Immutab...
Dow Jones Ends Higher As Homebuilders Shine; Apple Makes Big Move As Cathie Wood Stocks Sell Off
The Dow Jones Industrial Average ended Thursday’s session on a higher note. A basket of homebuilding stocks, which have been acting well, stood out while Cathie Wood stocks sold off. X The Dow J...
CM Punk Calls Chris Jericho A Liar, Buries AEW Creative In Deleted Instagram Story
CM Punk went on a tirade on Instagram. Credit: AEW If CM Punk wants to return to AEW, as have been the rumors for months now, he sure has an odd way of showing it. After seeming to suggest that his to...
Elizabeth Warren Takes Aim at ‘Shady’ Crypto Audits in Letter to Accounting Oversight Board
U.S. Senators Elizabeth Warren and Ron Wyden said they are “disappointed” with the Public Company Accounting Oversight Board’s (PCAOB) failure to hold auditors accountable for “sham” crypto audits. In...
Netflix Stock Rises On Better View For Ad-Supported Service, Gaming Play
Netflix (NFLX) stock surged higher on Thursday amid reports of healthy subscriber growth for its advertising-subsidized streaming video service and increased investment in its nascent mobile video gam...
Gisele Bündchen says she was ‘blindsided’ by FTX collapse
Supermodel Gisele Bündchen described the rapid collapse of cryptocurrency exchange FTX in late 2022 as “terrible,” saying it “blindsided” her. Bündchen told Vanity Fair she w...
Making Ethereum Wallets Smarter Is the Next Challenge—and Visa Is Among Those Working on It
It’s no secret that crypto wallets need a makeover, and fast. But as the pieces and players leading this makeover emerge, so too is a fight over what to call the effort. Some call it account abstracti...
Stocks manage to hold onto gains during volatile post-Fed session
Stocks finished Thursday’s trading session higher during a volatile session that followed the Federal Reserve’s signal on Wednesday that the central bank’s rate hiking campaign may b...
Is It Time To Buy Gold Stocks As The Banking Crisis Rocked Investors?
Gold stocks hold a valuable place in asset allocation for investors, especially in times of high inflation and economic uncertainty. Investing in gold can be tricky, but one of the best investments to...
Coinbase moves to on-chain staking for Tezos, Cosmos, Solana, and Cardano
Ad Coinbase has begun its transition to on-chain staking for four cryptocurrency assets, according to an announcement on March 23. Four assets affected, one discontinued Coinbase’s announcement and an...
Bank Stocks Are Trading Like It’s the Pandemic. What’s Next.
Bank stocks have fallen to levels not seen since the pandemic, a scary signal. What happens next will be telling. The SPDR S&P Bank exchange-traded fund (ticker: KBE ), which counts New York Comm...
Luxury Fashion House Balmain Drops Unicorn Sneakers Bundled With NFT Version
French luxury fashion house Balmain today launched its latest Web3 initiative, dropping a limited series of NFT sneakers based on its Unicorn footwear line that each come with a pair of matching limit...
Coinbase CEO says the SEC risks putting US financial system behind other countries
Recent actions by the Securities and Exchange Commission is putting U.S. financial leadership at risk, Coinbase CEO Brian Armstrong said during a Twitter live chat on Thursday. Compared with co...
XRP breaks out of four-month range, bulls anticipate surge past $0.5
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. XRP could take some time to consolidate around $0...
What comes next after Coinbase’s Wells notice?
The cryptocurrency industry is in an uproar following news that the Securities and Exchange Commission issued a Wells notice to Coinbase, and other companies consider what’s next. The SEC’s not...
Ford “Model E” Means Something For Rivian. It Isn’t Good.
Ford Motor is letting investors peek under the hood of the electric-vehicle startup the 119-year-old company is building. It’s not great news for Rivian Automotive. Ford (ticker: F) said it “refounded...
Chinese Automaker Geely Beats Revenue Expectations, Shares Up 3% Now
According to Geely, it is projecting a total of 1.65 million units for the current fiscal year and it expects its electric vehicle to dominate the mix. Chinese automobile giant Geely Automobile Holdin...
Can ChatGPT Really Replace Crypto Audits? Not Yet, Say Researchers
Everyone’s experimenting with ChatGPT, even crypto exchanges. Coinbase recently turned to artificial intelligence to experiment with how accurately ChatGPT could carry out a token security review—a re...
‘This foolish rate hike will worsen depositor flight’
Elon Musk doesn’t think highly of the job Federal Reserve Chairman Jerome Powell is doing. When the Fed raised its key interest rate by a quarter-point on Wednesday, it called the banking system “soun...
Treasury Secretary Prepared to Take “Additional Action” to Protect Bank Deposits
Treasury Secretary Janet Yellen suggested that her department might be willing to further backstop bank deposits if needed, only one day after seemingly ruling out the possibility. Her comments were f...
XMR Price Analysis: Is XMR Price Facing Strong Resistance?
1 XMR price takes resistance from the 200 EMA 2 XMR price might take a correction of 12 percent in the upcoming days XMR price is currently making a narrow consolidation around its resistance level ne...
Is $5 Million Enough to Retire at 65?
SmartAsset: Is $5 Million Enough to Retire at 65? Retirement planning has many elements, but there are two questions that must be answered before anything else can be addressed: What age do you plan o...
Do Kwon Indicted on Fraud Charges in New York
Terraform Labs founder Do Kwon has been indicted in the US on fraud charges hours after his arrest in Montenegro. A grand jury in New York federal court charged Kwon with securities fraud, wire ...
Can Uber Technologies Inc. (UBER stock) ride New Labor laws?
New labor laws can affect Uber and other ride-sharing and delivery companies. The Flex Association has asked the deputy secretary to explain the implementation. Ride-share and delivery companies, lik...
President’s Economic Report Blasts Crypto for ‘Ignorance of Basic Economic Principles’
The White House today poured cold water on crypto, accentuating the negative aspects of digital assets throughout a massive, 513-page annual report. The first reference to digital assets in the 2023 E...
Inflation outlook: The Fed’s 2% target is looking increasingly unrealistic
In an earlier article for Invezz regarding the Fed’s November 2022 meeting, I referred to the 2% trap, Perhaps global central banks, in a bid to maintain credibility have committed themselves too firm...
The Short Seller Report Makes Some Good Points, but Doesn’t Convince, Says Analyst
Thursday is turning out to be a bad day for Block (NYSE:SQ) stock. Shares of the digital payments specialist are down 14%, as of this writing, after a short seller launched an attack on the company. S...
Gaming Giant Nexon Taps Polygon for NFT Game MapleStory Universe
Nexon, one of the largest game publishers across Asia, is creating a new Web3 game based on its popular pixelated 2D role-playing franchise, called MapleStory Universe—and it’s launching a private Sup...
Web2 behemoth Google trying to innovate for web3
Google says it wants to disrupt itself to serve the needs of the crypto community. Rather than trying to sell what it already offers to the industry, the search giant instead says it is trying to inno...