Tag: COIN:BTCUSD
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Crypto this Thursday: Hackers Break Into AT&T Email Accounts, Readii Launches Web3 Internet Service, and More
Readii launches the first Web3 Internet service Sydney-based telecommunications company Readii has announced the launch of its Web3-enabled internet service, which allows customers to earn cryptocurrencies while surfing the internet. “This is made possible through Readii’s proprietary Web3 router […] capable of storing a customer’s private cryptographic key,” it said in an announcement. In exchange for using…
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Crypto this Wednesday: NEAR Blockchain Goes Live, WeChat Integrates Digital Yuan, and More
Circle CEO says USDC is Empowered by US Banking crisis Stablecoin USDC (COIN:USDCUSD) has emerged from the March banking crisis stronger and safer, Jeremy Allaire, CEO of broadcaster Circle Internet Financial, said on Wednesday onstage at CoinDesk’s Consensus conference. The USD Coin, a critical rail for moving money through the crypto industry, lost its peg to…
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Crypto this Tuesday: Visa Has Ambitious Crypto Projects, Google Launches Accelerator for Blockchain Companies, and More
Coinbase sues SEC after months of silence from federal regulator Cryptocurrency exchange Coinbase (NASDAQ:COIN) filed a lawsuit against the Securities and Exchange Commission on Monday, asking that the regulator be forced to publicly share its response to a months-old petition about whether to allow the cryptocurrency industry to be regulated using existing SEC structures. “Coinbase does not treat…
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Crypto this Monday: KuCoin’s Twitter Account Hacked, Tiger Global’s Venture Fund Drops 20% and More
BTC could reach $100,000 by the end of 2024, says Standard Chartered Standard Chartered said the crypto winter is over and Bitcoin (COIN:BTCUSD) could hit $100,000 by the end of 2024, Reuters reported, citing a note by the multinational bank’s head of digital assets research Geoff Kendrick. Bitcoin could gain from factors such as the recent…
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Crypto this Thursday: Bitcoin Under $28,500, Societe Generale Launches Stablecoin, and More
BTC price puts $28K support at risk Bitcoin (COIN:BTCUSD) rebounded from new 10-day lows at the Wall Street open on April 20, as US jobs data boosted investor confidence, reversing higher after hitting $28,360. Amidst an ongoing correction, the pair, however, failed to recover even $29,000 of support as US unemployment data indicated that tighter financial…
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Global Banks Shift to Eurozone, Ikea Invests Big in US, AT&T’s Postpaid Phone Slowdown
Ikea Invests Big in US Ikea is investing €2bn into the US market, its largest investment in a single country. The company plans to open eight new large stores and nine smaller planning studios and order points over the next three years. By doing so, Ikea hopes to take advantage of the current economic downturn…
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Crypto this Wednesday: a16z defines mysterious tweet, Intel cancels production of Blockscale series and more
Intel will stop producing Bitcoin mining chips A little over a year after Intel (NASDAQ:INTC) announced its entry into the world of producing Bitcoin (COIN:BTCUSD) mining chips, the technology giant revealed that it is giving up on the sector. The company will stop producing its Blockscale series and has no plans to release anything to replace…
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Millionaires Flock To New York, England and Wales Insolvency Spike, AT1 Bond Market Rebounds
Millionaires Flock To New York Henley & Partners, an investment company, ranks New York City as home to the largest number of millionaires in the world. The city has around 340,000 millionaires, up 40% from 2012, while Tokyo has slipped to second place. Singapore, with 240,000 millionaires as of 2022, has overtaken Hong Kong in…
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Bitcoin Surpasses $30,000 Milestone, Banks to Reveal Significant Withdrawals
US Stocks Rebound After Easter After a dip at the opening, US stocks rebounded as markets reopened from the Easter weekend. Investors were cautious about potential interest rate rises from the Federal Reserve. The S&P 500 (SPI:SP500) closed slightly higher, while the Nasdaq Composite ended the day flat after an early drop. Bitcoin Surpasses $30,000…
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Meta May Ban Political Ads, Real Estate Valuations Plummet
European Stocks Rally European stocks rose, following a rally on Wall Street that saw the tech-heavy Nasdaq 100 rise to a bull market, as investors bet that interest rates have peaked and bank instability will ease. The Stoxx Europe 600 Index was led by technology, real estate, and retail shares, with Hennes & Mauritz AB…