Tech stocks’ early-2023 rally could soon be ‘cracked’ by a US recession, according to Bank of America.Mario Tama/Getty Images Tech stocks have enjoyed an impressive run so far in 202...
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Tech CEO explains what’s causing mass layoffs
Despite massive layoffs in the tech industry over the past year, one CEO is in hiring mode. Fred Voccola, the CEO of Miami-based software company Kaseya, discussed why the industry is struggling and h...
Luminar Tech CEO Russell to acquire majority stake in Forbes
(Reuters) -Luminar Technologies CEO Austin Russell will buy a majority stake in Forbes Global Media Holdings in a deal that values the business news publisher at nearly $800 million, Russell and Integ...
Ripple CLO to SEC: Common Interest Is Not Same as Common Enterprise
Ripple accuses SEC of stretching the Howey test in the legal battle. Ripple’s Chief Legal Officer criticizes SEC’s stance on “common enterprise”. Attorneys attack SEC’s argument on XRP fungibility, co...
Stock Traders Stay Calm About US Being on Cusp of Default
(Bloomberg) — The debt-ceiling standoff in Congress has the US at risk of being unable to pay its bills as soon as June 1. You’d think stock-market investors would be anxious about the uncertain...
S&P 500 Medtech Play DexCom Leads Five Stocks Near Buy Points
S&P 500 stock DexCom (DXCM) along with New Relic (NEWR), Flywire (FLYW), ASML (ASML) and Kinsale Capital (KNSL) are in focus this week. X Leading the group is the S&P 500 medical technology st...
AI faces legal limits in these 6 states
Other parts of the world are accelerating laws designed to protect consumers from advanced artificial intelligence tools, including a chatbot that can replicate human tasks and biometric surveillance ...
Yellen expects US regulators to be open to mergers among midsize banks
By Andrea Shalal NIIGATA, Japan (Reuters) – The current banking environment and pressures on earnings of some U.S. regional banks may lead to some concentration in the sector, and regulators wil...
Russian Companies ‘Actively’ Using Crypto, Russia to Adopt 4 Relevant Laws, Official Says – Regulation Bitcoin News
Russian lawmakers intend to soon approve four bills designed to regulate various aspects of cryptocurrencies, a high-ranking member of the Russian parliament announced. Meanwhile, Russian companies ar...
Solana price prediction – Avorak AI unleashes algorithmic trading bot
The popularity of the Solana blockchain network has led to widespread adoption, and has become a leading player in the crypto space. As a result, it is becoming an attractive option for many investors...
As Solana (SOL) and BNB (BNB) Scramble to Adapt, TMS Network (TMSN) Sees Opportunity with Coinbase’s Offshore License in Bermuda
Solana (SOL) and BNB (BNB) are facing increasing competition as new players enter the market and are scrambling to adapt. However, TMS Network (TMSN) is seizing an opportunity with Coinbase’s offshore...
Twitter Gets New CEO. Tesla Stock Drops Anyway.
Text size Elon Musk is saying goodbye to his role as Twitter CEO. Justin Sullivan/Getty ImagesGetty Images Tesla stock started Friday higher after Elon Musk said he’s be assuming a reduced role at Twi...
Recent Data Showed the Impact of Halving Events on BTC’s Returns
Glassnode recently highlighted the consistent growth in BTC’s realized cap over the past few halving events In their post, Glassnode also shared that BTC’s returns have diminished with each historical...
TMS Network (TMSN) Flourishes Amid Shameful Outlook for Litecoin (LTC) and XRP (XRP) Following EU MiCA Regulation)
As the EU’s MiCA regulation brings uncertainty to the crypto market, some coins have proven more resilient than others. One such coin is TMS Network (TMSN), which has recently seen a staggering 1700% ...
From Warren Buffett to Paul Krugman, some of Wall Street’s biggest names are shrugging off de-dollarization fears
Some of Wall Street’s biggest names aren’t worried about the dollar losing its role as the dominant currency of international trade.Murad Sezer/Reuters The US’s rivals are trying to ...
GateToken (GT) to Finish at $10 As Yachtify (YCHT)’s Presale Bonus Entices Investors
GateToken (GT) is expected to continue its impressive run well into the second half of the year. It is also expected to reach $10 by the end of 2023, even though it will face competition from Yachtify...
Soros Fund Management cut Tesla stake, added Netflix in 1st quarter
By David Randall NEW YORK (Reuters) – Soros Fund Management, the family office of billionaire George Soros, slashed its stakes in electric vehicle makers Tesla Inc and Rivian Automotive in the f...
Nippon Express buys European logistics firm Cargo-Partner
Cargo-Partner is headquartered in Vienna, Austria. This warehouse is located near the airport in Ljubljana, Slovenia. (Photo: Cargo-Partner) Nippon Express, the seventh-largest third-party logistics p...
Turkish Elections Are Important For The Future Crypto Policies Of This Country
Key Points: According to Rossaprimavera, Kemal Klçdarolu, the Turkish presidential contender for 2023, is a proponent of cryptocurrencies and Web3. He said that he would abolish the PayPal restriction...
Bulls try to maintain their edge as DOT floats at $5.39 – Cryptopolitan
According to the Polkadot price analysis for today, bulls are attempting to reroute the pressure. Despite the earlier steep drops, bulls made a rebound on May 12, 2023, supporting the DOT/USD price at...
Can memecoins be used as real currency?
Memecoins’ security and dependability as a medium of exchange remain a topic of debate in the cryptosphere. Memecoins are said to be safe and decentralized, but some are concerned about thei...
The Fed Isn’t Fully Taking Its ‘Foot Off the Pedal,’ Loomis Says
(Bloomberg) — The Federal Reserve is most likely halting its interest-rate hikes in June, but a strong easing cycle isn’t in the cards with inflation remaining above the central bank’s target, a...
Elon Musk appoints new Twitter CEO, NBCU’s Linda Yaccarino
The rumors are true: Elon Musk has chosen NBCU leader Linda Yaccarino as the next CEO of Twitter. Musk confirmed Yaccarino’s new role in a tweet this morning, a day after he announced that he ha...
Rhodium Was Accused Of Owing $26 Million In Hosting Fees
Key Points: Whinstone US, a subsidiary of cryptocurrency miner Riot, claims Rhodium owes it $26 million in hosting costs. Riot originally made the charges public in its first-quarter earnings release....
ZkSync Outperforms Polygon in Terms of Total Value Locked
ZkSync has been outperforming Polygon in terms of TVL over the past few weeks. Since the launch of zkSync’s Era and Polygon’s zkEVM, the zkSync ecosystem has been growing rapidly. The crypto data libr...
PEPE Shoots Up 20% Daily, Bitcoin Flat at $27K (Weekend Watch)
Bitcoin tried its hand at taking down $27,000 yesterday but failed amid low weekend trading volumes and has remained relatively still. The altcoins are also lacking any substantial price moves, with E...
Why Self Custody and Mining Protection Are Paramount – Cryptopolitan
Bitcoin mining, one of the crucial activities in the cryptocurrency space, has recently come under scrutiny from various quarters. Some countries have expressed concerns about the amount of electricit...
The Growing Importance of Meme Coins – Cryptopolitan
Unocoin, one of the leading cryptocurrency exchanges in India, has recently listed two of the most talked-about meme coins in the crypto community – FLOKI and PEPE. The move underscores the growing im...
Dogecoin Traders Watch For A Breakout
Dogecoin (DOGE) has been one of the most talked-about cryptocurrencies of 2021, thanks to the involvement of high-profile figures like Elon Musk and Mark Cuban. Its value skyrocketed earlier this year...
Riot Platforms Takes Legal Action Against Rhodium Enterprises Over Alleged $26M – Cryptopolitan
Crypto mining firm Riot Platforms, formerly known as Riot Blockchain, has filed a petition in the District Court of Milam County in Texas against Bitcoin miner Rhodium Enterprises. Riot is seeking to ...
A recession and a credit crunch could result in $1 trillion of corporate debt defaults, Bank of America says
Don Emmert /AFP/GettyImages A full-blown recession and credit crunch could spur an 8% corporate default rate, BofA estimated. That would put nearly $1 trillion of existing corporate debt in distress, ...
Top Analyst Issues Bitcoin Alert, Says BTC Could Witness 2015-Style Correction – Here’s His Downside Target
An analyst who continues to build his following with long-term Bitcoin (BTC) calls warns that the crypto king could go through a major correction similar to what happened about eight years ago. Psuedo...