““We have no risk of bankruptcy.”” That’s a quote from Brian Armstrong, chief executive and co-founder of cryptocurrency exchange platform Coinbase COIN, -10.63%. In a series of tweets on May 10, Arms...
Tag: Internet
If this stock market is shaping up like 2008, here’s where we could be headed next, says strategist
Those looking for a bit of good news to start the week may have to cast the net further out. Stocks are tilting lower as COVID-19 cases flare up in China, threatening more lockdowns. And the plate was...
Klarna valuation plunges 85% as ‘buy now, pay later’ hype fades
Currently, most buy now, pay later services don’t impact a person’s credit score. That’s now set to change in the U.K. Jakub Porzycki | NurPhoto | Getty Images Klarna saw its valuati...
Blockchain as the new internet planner
In my latest article “Crypto, like railways, is among the world’s top innovations of the millennium,” I compare the blockchain revolution to the railway boom. If we apply this analogy further, what’s ...
With Bear Market Inbound, Gnox (GNOX), Internet Computer, and Gala
The descent of the cryptocurrency market has raised concerns among investors. People who came into the crypto space looking for earning opportunities are now feeling pressure to sell their digital ass...
S&P 500, Nasdaq book 3rd day of gains after Fed minutes point to another big rate increase this month to tackle inflation
U.S. stocks end higher Wednesday after minutes of the Federal Reserve’s June policy meeting signaled another big interest rate-hike is likely later this month despite the risk of slowing economic grow...
Internet Computer Price: ICP Crypto Consolidates after an Interesting Roller-Coaster Ride
Internet Computer price has been consolidating since it left below the descending triangle pattern. ICP crypto is trying to sustain at 20 EMA and is way behind 50, 100 and 200-days Daily Moving Averag...
Crypto firm Voyager Digital files for Chapter 11 bankruptcy protection
Voyager said it has roughly $1.3 billion of crypto on its platform and holds over $350 million in cash on behalf of customers at New York’s Metropolitan Commercial Bank. Justin Sullivan | Getty ...
Crypto lender Nexo offers to buy embattled rival Vauld
Bitcoin, the world’s biggest cryptocurrency, is down more than 50% since the start of 2022. Nurphoto | Getty Images Beleaguered cryptocurrency lender Vauld has been thrown a lifeline from larger...
EU agrees to deal on landmark MiCA cryptocurrency regulation
Bitcoin is a volatile asset, and has been known to swing more than 10% higher or lower in a single day. Jakub Porzycki | Nurphoto | Getty Images EU officials on Thursday secured an agreement on what i...
North Korea likely behind $100 million Horizon crypto hack: Experts
A photo illustration showing the North Korean flag and a computer hacker. Budrul Chukrut | Sopa Images | Lightrocket | Getty Images North Korean state-sponsored hackers were likely the perpetrators of...
Here’s what’s hot — and what’s not — in fintech right now
There has been something of a rotation out of certain pockets of fintech that were hyped by venture capitalists last year, such as crypto and “buy now, pay later,” and into less sexy areas...
NFT.NYC Brings New Technology And Old DJs To Town
NEW YORK, NEW YORK – JUNE 20: Billboards display NFT art in Times Square during the 4th annual … [+] NFT.NYC conference on June 20, 2022 in New York City. The four-day event will feature 1...
How long will stocks stay in a bear market? It hinges on if a recession hits, says Wells Fargo Institute
When the S&P 500 officially dropped into a bear market on June 13, closing down more than 20% from its last peak, it stirred debate about whether investors should hold tight or think about buying ...
Forget Klarna? Investors bet new startups will in ‘buy now, pay later’
Klarna is in talks to raise funds at a sharp discount to its last valuation, according to a report from the Wall Street Journal. A spokesperson for the firm said it doesn’t comment on “spe...
Dutch Treat For JD, Hong Kong Internet Gains
China Last Night KraneShares Key News Asian investors did not forget about Fed Chair Powell’s less aggressive comments on interest rate hikes on Friday as equities had a strong start to the week, exce...
FCA investigates Wise CEO Kristo Kaarmann over tax default
Kristo Kaarmann, CEO and co-founder of Wise. Eoin Noonan | Sportsfile | Getty Images The CEO of £3.9 billion ($4.8 billion) fintech firm Wise is being investigated by U.K. regulators after tax authori...
Internet Computer Price: ICP Concolidates below the Descending Triangle Pattern
The descending triangle pattern on the daily chart for Internet Computer Price has been broken and the token consolidates below it. The crypto asset is trading below the 20, 50, 100, and 200-day Daily...
Will The Internet Ever Figure Out David Lynch’s ‘Mulholland Drive’?
BRISBANE, AUSTRALIA – MARCH 13: Artist David Lynch at the opening of his exhibition: Between Two … [+] Worlds at Gallery of Modern Art (GOMA) on March 13, 2015 in Brisbane, Australia. Lync...
Alibaba Leads Hong Kong Internet Charge, Week In Review
China Last Night KraneShares Week in Review Asian equities were mixed this week as South Korea faltered and China markets gained, especially the internet sector, which saw a major improvement in senti...
Hackers steal $100 million in crypto from Harmony’s Horizon bridge
So-called blockchain bridges have become a prime target for hackers seeking to exploit vulnerabilities in the world of decentralized finance. Jakub Porzycki | NurPhoto | Getty Images Hackers have stol...
EVs & Internet Gain On Policy News, China Markets Outperform In Asia
China Last Night KraneShares Key News China outpaced the rest of Asia overnight as the continent’s markets were mixed as concerns over global growth continue to mount. Yesterday, US Fed Chair Jerome P...
Sam Bankman-Fried rescues crypto lenders BlockFi, Voyager
With no central bank willing to come to the rescue, beleaguered crypto companies are turning to their peers for help. Billionaire crypto exchange boss Sam Bankman-Fried has signed deals to bail out tw...
These 10 stocks in the S&P 500 lost $4.2 trillion of investors’ money during the first half of 2022
The first half of 2022 is over, and good riddance for investors: The S&P 500 Index declined 20.6%. Below are two lists of the worst-performing stocks in the S&P 500 SPX, -0.88% this year. Firs...