Markets

Certain traders have recently sold NFTs part of the Bored Ape Yacht Collection (BAYC) at a discount to invest in the now-trending memecoin – PEPE. The asset has been among the best performers in the crypto market lately, as its price has surged by over 600% over the last two weeks before cooling off in the past 24 hours. Shifting From NFTs to PEPE The popular Twitter user Cirrus revealed recently that some traders had sold 14 BAYC NFTs below their floor price during the...

Garlinghouse expects the Judge to issue a summary ruling on the SEC vs Ripple case before the end of this year. The SEC vs Ripple Labs lawsuit is slated to be one of the largest legal fights for blockchain and cryptocurrency development in the United States for the next decades. Already, hundreds of projects on Ethereum using the ERC-20 standard, and other Layer One blockchains that undertook initial coin offerings (ICO) in the United States are eagerly waiting for the final ruling by...

[PRESS RELEASE – Singapore, Singapore, May 8th, 2023] TrueUSD (TUSD), a leading stablecoin provider, announced its intention to implement a plan for the international transition of its management services, reflecting an emerging industry trend of international expansion. Since its inception in 2018, TUSD has led industry innovation in the stablecoin sector with a strong emphasis on client due diligence and regulatory compliance while growing its reserve portfolios in...

While the debate surrounding Ethereum’s high gas fees have been a major pain point, the latest spike comes amidst the PEPE memecoin hysteria that has put tremendous pressure on the network once again. Traders are paying thousands of dollars for a transaction as Ethereum’s gas fees surged above a one-year high. In the latest development, a trader ended up paying 64 ETH for a single transaction on May 8th. According to an update from the blockchain tracker, ‘Whale Alert,’ the...

Satellite TV provider DISH fell short of EPS and revenue expectations for Q1 2023 amid its sustained stock devaluation troubles.  DISH Network Corporation (NASDAQ: DISH) has published Q1 2023 numbers that missed earnings per share (EPS) and revenue estimates. The satellite television and telecommunications company’s reported EPS for the first quarter was $0.35 compared to the consensus estimate of $0.36. Also, DISH’s revenue came in at $3.96 billion versus the $4.06 billion analysts...

The SEC served Coinbase with a Wells Notice in March to signal an upcoming enforcement action against the exchange.  The CEO of top American cryptocurrency exchange Coinbase Brian Armstrong has hinted that the exchange will not bow to pressure from the US Securities and Exchange Commission (SEC). Armstrong, who has been openly critical of SEC and its chair Gary Gensler, made more accusations on Monday. In a bare-it-all interview with CNBC on Monday, Armstrong suggested that Gensler leads...

The automobile industry is becoming an increasingly important market for chipmakers such as Qualcomm as the number of electric vehicles and cars equipped with advanced driver assistance systems (ADAS) grows. American multination tech giant Qualcomm Inc (NASDAQ: QCOM) is looking at expanding its footprint in the automotive business through the acquisition of Autotalks, an Israeli firm that specializes in producing chips used in vehicle crash prevention technologies. Qualcomm announced on...

The move appears to signal the intent of Baidu to create a hardware ecosystem that will complement its already prominent internet services. Beijing-based internet company Baidu might be only a week away from launching the brand’s first-ever smartphone. According to a Bloomberg report, the smartphone represents another addition to Baidu’s growing portfolio of smart gadgets. However, the move appears to signal the intent of Baidu to create a hardware ecosystem that will complement its...

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up Stellar lumen price is struggling below the $0.100 resistance zone against the US Dollar. XLM price is now trading below $0.0950 and the 55 simple moving average (4 hours). There is a major bearish trend line forming with resistance near $0.0935 on the 4-hour chart (data feed via Kraken). The pair could start a...

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up Ripple price started a fresh decline from the $0.484 zone against the US dollar. The price is now trading below $0.465 and the 55 simple moving average (4 hours). There is a key bearish trend line forming with resistance near $0.456 on the 4-hour chart of the XRP/USD pair (data source from Bittrex). The pair...