Markets

Space and Time – a decentralized blockchain data warehouse – has announced that its service is now available on the Microsoft Azure Marketplace.  This will enable the platform’s developers to onboard enterprise data to smart contract applications, alongside new use cases for indexed blockchain data.  Space and Time combines real-time data from major blockchains with off-chan data indexed by customers.  Meanwhile, Microsoft Azure is a cloud computing platform that lets users...

Morgan Stanley has retained its stance as one of the top banks in the United States with influence spread around the world. American multinational banking giant Morgan Stanley (NYSE: MS) has released its performance and revenue report for the first quarter of this fiscal year, showcasing a result that is lower than analysts’ expectations. Based on the company’s report, its revenue came in at $14.52 billion as against the $13.92 billion estimate by Refinitiv analysts. Additionally, the...

Despite the great ASML Q1 2023 earnings, sales of chips to China slowed down within that time period as geopolitical tension between China and the United States took a new twist. Netherlands-based chipmaker ASML Holding NV (NASDAQ: ASML) has projected its sales and earnings to the Chinese mainland will skyrocket for the rest of 2023 after it recorded a significant slowdown in its business in the region in the first quarter (Q1 2023). The projections came after the company reported a...

Several public Bitcoin miners were on the brink of bankruptcy at the end of last year. But the latest rally in the market infused a sense of careful optimism into the Bitcoin mining sector, resulting in massive gains for most associated stocks. Bitcoin Mining Stocks for the Win As Bitcoin miners slowly escape the incessant bear trap, stocks related to the sector are now seeing a notable resurgence. According to BTC mining expert Jaran Mellerud, bitcoin mining stocks have...

Just Eat now expects Adjusted EBITDA to hit €275 million, increasing its earnings outlook by €50 million despite poor orders. Online food delivery company Just Eat Takeaway.com is optimistic about its earnings outlook for 2023 regardless of a worrying reduction in the number of orders received. The company’s new outlook is interesting, especially since the figures are connected to a hopeful increase in numbers not yet achieved. In an official press release, Just Eat increased its Adjusted...

Bitcoin’s price has experienced a significant surge in recent months, surpassing several resistance levels. However, the current trend seems to be losing momentum, with the cryptocurrency experiencing difficulty in claiming the crucial resistance zone of $30K. Technical Analysis By Shayan The Daily Chart The price has broken out of its narrow consolidation range near $28K and is now aggressively attempting to breach the crucial resistance level at $30K. This level holds both...

The move will test Samsung’s long reign in the foldable phone business. Google is just a few weeks away from launching its first-ever foldable smartphone. According to a CNBC report, the move will likely kick-start a market rivalry with Samsung which has long enjoyed the benefits of being the market leader of the foldable phone business. While no official announcements have been made yet, the product is expected to be unveiled during Google’s annual developer conference on May 10....

Solana price started a decent increase above the $23.80 resistance against the US Dollar. The price is now trading above $24 and the 55 simple moving average (4 hours). There is a key rising channel forming with resistance near $26.20 on the 4-hour chart of the SOL/USD pair (data feed from Coinbase). The pair must stay above the $24.00 and $23.80 support levels to start another increase. Solana price is trading in a positive zone above $24 against the US Dollar, similar...

Bitcoin price is trading in a positive zone from the $29,250 support against the US Dollar. The price is now trading above $29,500 and the 55 simple moving average (4 hours). There is a key contracting triangle forming with resistance near $30,400 on the 4-hour chart of the BTC/USD pair (data feed from Coinbase). The pair could start a fresh increase if it clears the $30,400 resistance zone. Bitcoin price is rising from $29,250 against the US Dollar. BTC might eye...

Coinbase is on the brink of legal warfare with the Securities and Exchange Commission (SEC) to reach long-awaited clarity on how federal securities laws apply to the crypto industry, according to CEO Brian Armstrong.  Should the regulator situation not improve, the executive said the exchange would consider relocating away from the United States.  Will Coinbase Move Abroad? In an interview with CNBC on Tuesday, Armstrong called out “certain regulators” for taking a...