Senator Joe Manchin (D-WV) exits the U.S. Capitol following a vote, on Capitol Hill in Washington, February 9, 2022. Tom Brenner | Reuters Senate Majority Leader Chuck Schumer, D-N.Y., and Sen. Joe Ma...
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GDP fell 0.9% in the second quarter, the second straight decline and a strong recession signal
The U.S. economy contracted for the second straight quarter from April to June, hitting a widely accepted rule of thumb for a recession, the Bureau of Economic Analysis reported Thursday. Gross domest...
Here Is How Cardano-Based New Digital Economy Is Developing: Details
Cardano might be a big contender for running global financial infrastructure as it allows financial services to be built on top of the transactional network that can operate without an intermediary. T...
JPMorgan hires scientist Charles Lim to head quantum computing unit
Dr. Charles Lim, Global Head of Quantum Communications and Cryptography, JP Morgan Chase Courtesy: JP Morgan Chase JPMorgan Chase has hired a Singapore-based quantum computing expert to be the bank...
New Oil Power Guyana On Pace To Surpass U.S. Offshore By 2035
Morning above Guyana highlighted in red on model of planet Earth in space. 3D illustration. Elements … [+] of this image furnished by NASA. 3D model of planet created and rendered in Cheetah3D s...
Mercedes Benz Taps Polygon (MATIC) to Launch Data Sharing Platform
– Advertisement – Polygon’s widespread adoption across various sectors continues to gain momentum. Daimler South East Asia, part of the Mercedes Benz Group, has leveraged Ethereum Layer-2...
Economy Shrank 0.9% Last Quarter As Experts Warn ‘Worse To Come’
Topline The U.S. economy unexpectedly shrank for a second quarter in a row this year, according to data released Wednesday, signaling the start of a technical recession even as economists predict sign...
Jack Ma to cede Ant Group control
After almost a full year of exceptional pressure from the Chinese regulators, billionaire Jack Ma is planning to give up control of Ant Group. This move comes in an effort to move away Ant from Alibab...
Ethereum 2.0 draws closer, Goerli testnet merge slated for August
Ethereum’s (ETH) tenth shadow fork went live on July 26 at 11:45 UTC bringing the network closer to its transition to a proof-of-stake (PoS) consensus mechanism. Ethereum’s tenth shadow fork is live T...
Is it a good buy ahead of earnings
Glencore (LON: GLEN) share price rose for four straight days even as recession risks rose and mining companies published weak results. The shares jumped to a high of 470p, which was the highest level ...
Bitcoin and Ethereum Clones Jump on Market Bounce
Key Takeaways Bitcoin and Ethereum forks that first gained traction around crypto’s 2017 market cycle are among the best-performing cryptocurrencies in today’s market rally. Ethereum Classic, th...
Activision’s Microsoft Deal Discount Offers a ‘Call of Duty’ to Investors
In January, Microsoft (MSFT) announced its deal to acquire Activision Blizzard (ATVI) in an all-cash offer of $95. Six months later, with a yawning discount in ATVI’s stock price to Microsoft...
Crypto Market Falls Below $1 Trillion as Bitcoin, Ethereum and Solana Sink
In brief The cryptocurrency market has shed almost 6% of its value today, with its total market cap dropping below $1 trillion. Ethereum is down nearly 10% today after a week of strong gains, with Sol...
There’s More To Come In Instagram Feeds
Instagram users are complaining about unnecessary posts in feeds. This issue is likely to stay for a while now, in fact, it may increase. Mark Zuckerberg confirmed that the post recommendations are fr...
Whales Buy 386 Billion Shiba Inu Despite Bear Market
SHIB may be on the move. Despite Shiba Inu losing 90% of its value in the bear market, the cryptocurrency continues to be the focus of attention of Ethereum whales. Whales added billions of new SHIB t...
BNB Inches Closer to Its 100 EMA; Is $331 a Next Target?
BNB token is the key to the entire BNB network that now operates on its self-developed Binance Smart Chain to accommodate faster cryptocurrency transactions and improve the efficiency of its trading p...
Cathie Wood: renewable energy will turbocharge mining
CEO of Ark Investment, Cathie Wood, is certain that the industry will increasingly shift to solar and wind power and because of this, Bitcoin will one day reach $500,000. Cathie Wood’s predictions for...
BofA CEO says the strong American consumer is one of the Fed’s biggest obstacles
The American consumer is still strong despite roaring inflation, and that will pose a challenge to the Federal Reserve’s mission to tamp down inflation, Bank of America CEO Brian Moynihan told C...
Senators Propose Bill Exempting Crypto Tax for Transactions Under $50
In the United States Senate, a bipartisan bill has been introduced to eliminate the burden of paying crypto tax, especially capital gains tax, on cryptocurrency transactions of $50 or less. What exact...
Ethereum Price Spikes Heavily as the Shadow Fork Goes Live, Will ETH Price Close Above $1700 Today?
Ethereum price sliced through the upper resistance close to $1600, raising from its lows below $1400 as the Shadow Fork goes live. Moreover, the transactions on the network spike magnificently which l...
Dubai Police to Release Second Bunch of NFTs
The Dubai Police plans to roll out the second collection of non-fungible tokens (NFTs) after the first bunch attracted approximately 23 million people globally, according to local media outlet Khaleej...
Sono Motors’ Sion EV Is Covered In Solar Panels To Soak Up Free Power
The Sion’s matte exterior is nearly covered in solar cells. Sono Motors Since I write about EVs and such, I get this question very often: Why don’t electric cars have solar panels on the roof to...
What The Kraken Investigations Mean For Crypto Regulation
Kraken, a cryptocurrency exchange based in the U.S., is reportedly the subject of an investigation launched by the country’s Treasury Department, with the investigation said to have been ongoing...
‘Big Short’ investor M. Burry says SEC lacks the ‘IQ points’ to probe Coinbase
Michael Burry, the famous investor and founder of investment firm Scion Asset Management, best known for first predicting the 2008 housing market crash and for the “The Big Short” book and movie, rec...
Asia’s Largest Web3 Event TOKEN2049 Hits 200 Sponsor Milestone, Announces New Headline Speakers
[PRESS RELEASE – Please Read Disclaimer] The conference’s Singapore debut is expected to be its largest and the first major in-person crypto conference in the region SINGAPORE – TOKEN2049, Asia’s prem...
Gatenox raises $2.5m from investors to aid crypto KYC/AML compliance
Gatenox, the UK-based verified credentials solutions provider for institutional and retail clients, has raised $2.5 million in a seed funding round led by German-based venture capital firm C3 VC Fund....
Can Bitcoin’s support hold amid increased risk sentiment this week
Bitcoin has been on a downward trajectory in the last seven days after encountering resistance just above $24,000. The resistance retest confirms Bitcoin’s currently upward channel as it gradually rec...