Crypto traders were greeted by green markets on May 24 as the majority of altcoins saw their prices bounce back following last week’s downturn that was the “largest deleveraging event since the March 2020 sell-off,” according to an on-chain report from Glassnode. After suffering the biggest monthly price drop in Bitcoin (BTC) history, bulls now
In the midst of the hectic crypto market, the gas fees in the decentralized finance (DeFi) sector have skyrocketed, once again highlighting the value of layer-two scaling solutions. Cointelegraph Consulting teamed up with Covalent to discover the numbers behind Polygon, the network that is onboarding an increasing number of decentralized applications, from SushiSwap to bZx.
XRP’s price soared 260% in April, moving from $0.57 on March 31 to $1.97 on April 14, its highest level since January 2018. The move caused XRP futures to reach an impressive $2.1 billion in open interest. However, on Wednesday, as cryptocurrency markets collapsed, XRP lost 60% in four days, liquidating $510 million of long
Tether (USDT), the world’s largest stablecoin by market capitalization, continues to grow despite record-breaking cryptocurrency outflows triggered by Elon Musk’s Bitcoin (BTC) criticism. On Monday, Tether’s market cap hit $60 billion for the first time in history, marking another milestone of the stablecoin’s growth. According to data from Tether Transparency, USDT market value amounts to
Popular TikTok viral “meme coin” SafeMoon could be vulnerable to malicious exploits by hackers on account of purported security vulnerabilities in its smart contract code. According to a smart contract audit by blockchain security firm HashEx, SafeMoon currently has 12 of such vulnerabilities with five being classified as ranging between being of a “critical” and
Raphael Bostic, Federal Reserve Bank of Atlanta president, says he hears frequent speculation that he could be nominated to lead the central bank. “I hear about it all the time,” Bostic said, according to an Axios account of the outlet’s interview on Axios on HBO. President Joe Biden hasn’t indicated who he will name, but
EU leaders are weighing a range of sanctions to punish Alexander Lukashenko’s Belarusian regime after what Brussels branded the “hijacking” of a Ryanair flight from Greece to Lithuania to arrest a dissident on board. Options to be explored by the bloc’s 27 leaders at a meeting today include banning Belarus’s national carrier, Belavia, from landing
Global investment bank Goldman Sachs now considers bitcoin an investable asset. “Clients and beyond are largely treating it as a new asset class, which is notable — it’s not often that we get to witness the emergence of a new asset class,” said Goldman Sachs’ analyst. Goldman Sachs Now Considers Bitcoin an Investable Asset Goldman
WASHINGTON — The top Republican on the Senate Banking Committee is slamming three Federal Reserve banks for their work to examine the role racism plays in the economy. In letters to the Fed regional bank presidents in Atlanta, Boston and Minneapolis, Sen. Pat Toomey, R-Pa., argued that a focus on racial justice is outside of
What exactly is a stock? -If you purchase stock in Google, you own a small fraction of Google. -When you purchase stock, you’re buying a piece of the company. -People buy stock in order to invest -Companies sell stock in order to gain revenue (money to build/grow the company) Example -A person starts a candy
In this article SPCE VSS Unity reaches the edge of space during its third spaceflight on May 22, 2021. Virgin Galactic Virgin Galactic shares jumped in premarket trading on Monday, following the company’s successful spaceflight test on Saturday. The launch represented a critical step forward for the space tourism company, as the test had been
Traders working at the New York Stock Exchange (NYSE), on May 19, 2021. NYSE Thematic tech is seeing big price declines, but most investors are not bailing out. It’s been a brutal year for the formerly red-hot investment darling, “thematic tech” investing, a catch-all phrase for emerging tech sub-sectors like Cathie Wood’s Ark funds, clean
In this article MRNA HPQ DG AMC SPCE NCLH BYND Patties of Beyond Meat Inc.’s plant-based burger Beyond Burger are cooked on a skillet. Yuriko Nakao | Getty Images Check out the companies making headlines in midday trading. Beyond Meat — Shares of the alternative meat company surged around 10% after Bernstein double upgraded the
MADRID (MarketWatch) — Among the companies whose shares are expected to see active trading in Monday’s session are Medtronic Inc. and Covidien PLC , as well as Layne Christensen Co. Medtronic MDT, -0.80% announced a deal on Sunday to buy Ireland-based Covidien PLC US:COV in a $42.9 billion cash-and-stock deal. Layne Christensen US:LAYN is
For those who live in urban centers, navigating life during COVID-19 has meant rethinking use of green spaces. Pre-COVID, the local park, courtyard or well-designed backyard may have been a nice-to-have amenity, but the pandemic brought to light the importance of accessible green spaces for both physical and emotional wellbeing. From socially distant picnics and
A computer generated aerial view of Greater Springfield near Brisbane, Australia. Springfield City Group Travel up the sunny shores of Australia’s Gold Coast, 25 kilometers outside of Brisbane, and you’ll find Greater Springfield, a city that’s different by design. You may never have heard of it. Unsurprising; the city is not yet 30 years old.
Kevin Matras shows how to minimize your risk when buying options.
The Relative Strength Index is arguably the most popular technical indicator when it comes to trading. But being popular doesn’t always make you right or easy. David Jones knows this and is here to give a helping hand to those just starting their journey in the world of the markets, as well as those who’ve
Red flags waved as Providence Mayor Jorge Elorza proposed issuing $704 million in pension obligation bonds to deal with a pestering unfunded liability problem in Rhode Island’s capital city. The amount exceeds the city’s annual operating budget. Bond markets often frown on such borrowing and sentiment among state officials who must sign off is uncertain.
European leaders have called for an immediate international response after Belarus forced a Ryanair flight bound for Lithuania to land in Minsk on Sunday and arrested one of its passengers, a top opposition activist. Sviatlana Tsikhanouskaya, Belarus’s exiled opposition leader, said online activist Roman Protasevich, resident in Lithuania, had been detained in the Belarusian capital.