Crypto news

With Matt Haney taking a very bold step that is backed by the industry, seeing DAOs function as businesses will be a matter of time. A California lawmaker Matt Haney has introduced Assembly Bill 1229 which seeks to re-engineer and expand the state’s corporate to include Decentralized Autonomous Organizations (DAO). As reported by Decrypt, the proposed Bill, if passed, will enable DAOs, blockchain networks and smart contracts to register as businesses in the state. This registration will...

Mike Cagney has made a real name for himself in the blockchains pace. He is the co-founder of Sofi and the current CEO of Figure. He’s also made public the Provenance blockchain, which has supported about $12 million in transactions at the time of writing. Mike Cagney on Blockchain In a recent interview, he talked about just how prominent blockchain is. He also delved a bit into what his company does, saying: One of the most important roles that I play with Figure and...

Beverage giant PepsiCo raised its full-year outlook following its commendable Q1 2023 performance, beating analysts’ expectations. PepsiCo (NASDAQ: PEP) has raised its 2023 yearly outlook following its better-than-expected Q1 performance. On Tuesday, the multinational food, snack, and beverage corporation posted earnings and revenue that surpassed expectations. For the first quarter of the year, PepsiCo reported $17.85 billion in revenue compared to the $17.22 billion analysts expected. In...

Coinbase emphasized that all proceedings related to Stand with Crypto NFT collection launched through ZORA will be donated to vetted organizations. The biggest cryptocurrency exchange in the United States Coinbase has recently filed a lawsuit against top financial regulators Securities and Exchange Commission (SEC). The move comes after months of embittered relations between the two parties over SEC’s stringent regulatory policies for all companies dealing with crypto. As the crypto...

Lemon8 growth in the US could also get the attention of US regulators, especially due to its relationship with ByteDance. Chinese tech giant and TikTok developer ByteDance is pushing another social media app, Lemon8, into the US market as TikTok faces a possible ban. The popular short video app is under pressure in the US due to concerns over the handling of users’ data. Already, more than 24 states in the country have banned TikTok on government-issued devices. US lawmakers have referred...

Fox Corporation stock suffered a massive dent in value less than a day after announcing the departure of longtime TV host Tucker Carlson.  Shares of Fox Corporation (NASDAQ: FOXA) declined 5% on Monday following Tucker Carlson’s exit. The mass media company previously announced that Carlson was leaving the Fox News network for his involvement in a string of controversies. During the early trading session, Fox Corporation shed nearly a billion ($962 million) of its market value. However,...

Chamath Palihapitiya blamed the US regulators for their heavy crackdown recently on the US crypto industry and all associated players. In the latest regulatory developments taking place in the United States, popular tech investor Chamath Palihapitiya shared a very cautious move about crypto assets. Over the last few years, Palihapitiya has been sharing bullish views about Bitcoin stating that it has replaced gold and that the BTC price would shoot to $200,000. Chamath Palihapitiya and His...

The turmoil in the banking ecosystem from the United States as it concerns Silicon Valley Bank (SVB) stirred a ripple effect that was felt in Switzerland. The shares of Swiss multinational banking giant UBS Group AG (SWX: UBSG) are seeing a mild slump today after the firm revealed that its net profit for the first quarter took a significant hit. While still largely profitable, UBS said the net profit for the quarter dropped by 52% over the past year to $1.03 billion. UBS said the drop in...

ADA price is trading in a bearish zone below the $0.42 support zone against the US Dollar. The price is now trading below $0.40 and the 55 simple moving average (4 hours). There is a key bearish trend line forming with resistance near $0.3850 on the 4-hour chart (data feed via Coinbase). The price could continue to move down if it stays below the $0.40 resistance zone. Cardano price is struggling below $0.40 against the US Dollar, similar to Bitcoin. ADA price could...

Ethereum price is struggling to recover above the $1,900 resistance against the US Dollar. ETH price is now trading below $1,900 and the 55 simple moving average (4 hours). There is a major bearish trend line forming with resistance near $1,850 on the 4-hour chart (data feed from Coinbase). The pair could recover, but it is likely to face sellers near the $1,950 resistance zone. Ethereum price is declining below $1,900 against the US Dollar. ETH/USD remains at a risk of...