Affirm Holdings Chairman and CEO Max Levchin told CNBC that despite the market’s poor performance this year, U.S. consumers – and Affirm’s customers – are spending healthily. “The U....
Tag: Turbulence
Binance suspends LUNA and UST withdrawals amid market turbulence
Crypto exchange Binance has suspended withdrawals of LUNA and UST tokens as the Terra-based stablecoin struggles to recover its peg to the US dollar. Binance announced the temporary suspensions in a b...
UST stablecoin struggles to maintain $1 parity amid crypto market turbulence
The algorithmic stablecoin UST, which is part of the Terra crypto ecosystem, is struggling to maintain parity with the dollar following a Saturday market event. During the market event, the price of U...
Block Q1 BTC Revenue Plunges 51% Amid General Market Turbulence
Block Inc’s Cash App recorded a total Bitcoin (BTC) sale of $1.73 billion in the first quarter of 2022, a figure that plunged by over 51% from the prior quarter. Cash App comes off as one of the most ...
Turbulence in crypto markets as US dollar value soars
Bitcoin wiped out its rally of yesterday and fell under $38,000 at time of going to press. Meanwhile, the DXY, the US Dollar Currency Index, continued its steep climb as investors choose the perceived...
Keep trusting money-making companies through market turbulence
Investors need to keep their eyes on the prize by choosing companies with tangible results and tuning out the outside noise, CNBC’s Jim Cramer said Thursday. “Stay out of the crosshairs of...
Ethereum Software Company ConsenSys Doubles Valuation To $7 Billion In Four Months Amid Market Turbulence
Joseph Lubin, co-founder of Ethereum Foundation, speaks during the Skybridge Alternatives (SALT) … [+] conference in Las Vegas, Nevada, U.S., on Wednesday, May 8, 2019. SALT brings together inve...
IMF sees potential for further market turbulence as central banks hike rates
The International Monetary Fund has warned of further turbulence ahead for financial markets, particularly as governments around the world shift gears into recovery mode. Central banks’ moves to...
MicroStrategy CFO Confirms Buy and Hold Bitcoin Strategy Amid Market Turbulence
Phong Le – Chief Financial Officer of MicroStrategy – revealed that his firm will continue investing in bitcoin despite the recent plunge of the asset’s USD value. In line with the prices of most cryp...
As stock-market turbulence revs up, this ETF theme has drawn 32% of flows in 2022 so far: ‘This isn’t a flash in the pan’
Thank god its Thursday! The Nasdaq Composite posted its first correction since March and equity benchmarks were trying to stage a mini rally, at last check on Thursday. Is this the beginning of the en...