Tag: NASDAQ:PYPL
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BlackRock’s IBIT Surges as Top Bitcoin ETF, Bitfarms Rejects Riot Platforms Offer, and More Crypto News
Bitfarms rejects Riot Platforms’ $950 million acquisition offer On May 29th, Bitfarms (NASDAQ:BITF) rejected a $950 million acquisition proposal from Riot Platforms (NASDAQ:RIOT), arguing that the offered value was insufficient. Received on April 22nd, the offer consisted of $2.30 per share in cash and stock. The decision was made after analysis by the Special Committee…
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U.S. Index Futures Point to Mild Decline Ahead of Key Earnings and Fed Rate Decision
U.S. index futures indicate a slightly lower opening for Tuesday’s trading as Wall Street positions itself for a series of significant earnings releases from large-cap companies. This movement comes in a crucial week marked by the Federal Reserve’s deliberations on interest rates, an event closely watched by investors. As of 7:06 AM, the Dow Jones…
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Block Innovates Bitcoin Mining, DOJ Proposes 3-Year Prison for Changpeng Zhao, and More Crypto News
Possible effects on Bitcoin price with US dollar depreciation and Mt. Gox refund Cryptocurrency traders anticipate a potential depreciation of the US dollar, which could favor Bitcoin’s recovery (COIN:BTCUSD). Conversely, some banks still see a strengthening dollar on the horizon. At the time of writing, Bitcoin was down by -2.5%, trading at $64,771.50. Since March,…
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AKT Token Skyrockets on Upbit Listing, IBIT Holds Strong in Top 10 ETFs, and More Crypto News
Bitcoin halving may create significant supply-demand disparity Bitfinex analysts predict that the recent halving of Bitcoin mining rewards could result in demand up to five times greater than supply. The block reward has decreased from 6.25 BTC to 3.125 BTC, reducing the number of new coins available daily. With a potential daily supply of $30…
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Paramount’s Shares Surge Following Sony and Apollo’s Joint Bid; ISS Backs Berkshire Hathaway Director Re-election, and More
Paramount Global (NASDAQ:PARA), Sony (NYSE:SONY), Apollo Global Management (NYSE:APO) – Sony Pictures Entertainment and Apollo Global Management are in discussions for a joint bid for Paramount Global, aiming to take the company private. The bid would include cash for all outstanding shares. Sony would operate the studio, while Apollo would take control of the CBS…
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Analysts Sound Alarm on Fourth BTC Halving, Kraken Wallet Launch, and More Crypto News
Bitcoin approaches its fourth halving with market impact expectations Bitcoin (COIN:BTCUSD) is two days away from its fourth halving, an event that occurs every four years and will halve the block mining reward from 6.25 to 3.125 BTC. Historically, such events have been followed by significant increases in Bitcoin’s price. However, caution is advised this…
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Apple Terminates 614 Employees, Disney Unveils June Crackdown on Password Sharing, and More Updates
Apple (NASDAQ:AAPL) – Apple is laying off 614 employees in Silicon Valley after ending its secret autonomous electric vehicle project. These are the first significant job cuts since the beginning of the pandemic, mainly impacting satellite offices in Santa Clara, California. Moreover, Hon Hai, known as Foxconn (USOTC:FXCOF), saw an 11.8% increase in sales in…
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Crypto: Bitcoin Cash Surges Post-Halving, PayPal Launches PYUSD International Transfers and More Updates
Bitcoin Cash jumps post-halving Bitcoin Cash (COIN:BCHUSD) experienced a surge in value following its recent halving, standing out in a generally static crypto market. BCH reached a peak price of $683.87, a level not seen since 2021, yet still 80% below its December 2017 record high. At the time of writing, Bitcoin Cash’s price was…
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U.S. Stocks May See Further Upside In Early Trading
The major U.S. index futures are currently pointing to a higher open on Friday, with stocks likely to add to the modest gains seen at the close of yesterday’s lackluster session. The markets appear poised to extend their recent upward trend, which has lifted the Dow and the S&P 500 to new record highs. With…
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U.S. Index Futures Edge Higher, Oil Prices Show Modest Movements
In the pre-market on Friday, U.S. index futures are slightly up, after the S&P 500 closed just under 3 points below the key threshold of 5,000 the day before. At 05:32 AM, the futures of the Dow Jones (DOWI:DJI) rose 6 points, or 0.02%. The S&P 500 futures rose 0.10% to 5,023.00 points, and the…