Markets

MetaMask is integrating with crypto fintech platform MoonPay to expand its offering in Nigeria. According to MetaMask developer ConsenSys, Nigeria happens to be one of the major markets for the crypto wallet service globally, ranking third in active mobile users. The latest move to gain a stronger foothold in the country comes in response to the inadequacies in the local financial system, as an estimated 90% of credit/debit card attempts to purchase crypto in Nigeria are...

The Brazilian market welcomes Coinbase, the latest global crypto exchange to enter the country, willing to compete with other established giants, such as Binance, Mercado Pago, and Nubank, which have been operating in Brazil for years and have a massive number of users.  On March 21, Coinbase, the US-based cryptocurrency exchange, announced its expansion into Brazil through a series of updates that will streamline user transactions.  According to the announcement, the...

Irrespective of its current leanings, the Federal Reserve will implement additional rate hikes to correct the strain that is still being felt in the economy by the average consumer. The United States Federal Reserve through the Open Market Committee (FOMC) has increased its interest rate by 25 basis points (0.25%). The rate hike was as expected and it was implemented despite the recent bank failures that have caused a crisis of confidence in the financial sector. The days leading up to...

According to Geely, it is projecting a total of 1.65 million units for the current fiscal year and it expects its electric vehicle to dominate the mix. Chinese automobile giant Geely Automobile Holdings Ltd (HKG: 0175) has beaten revenue expectations with respect to its revenue for the 2022 financial year. According to the performance report shared by the auto giant, it raked in a revenue of 148 billion yuan ($21.49 billion), up by 45.6% from the year-ago period. The impressive performance...

Virgin Orbit stock is up over 73% in the pre-market while yesterday it closed down almost 15%. Aircraft engineering company Virgin Orbit (NASDAQ: VORB) is about to close a deal with venture capital investor Matthew Brown. Reuters reported the news referring to a term sheet that reveals that the company is nearing an agreement with the investor via a private share placement. Meanwhile, Virgin Orbit is moving toward filing for bankruptcy if it does not secure capital as soon as possible. The...

The Terran Orbital Q4 2022 release revealed revenue increases on a quarter-on-quarter and year-on-year basis. Satellite maker Terran Orbital (NYSE: LLAP) recently posted its Q4 2022 earnings report, revealing an annual revenue increase of $94.2 million. This figure is more than double what Terran Orbital made in 2021. Terran Orbital’s revenue haul for Q4 2022 represented an increase of 130% year-over-year. The company reported that revenue grew from $27.8 million in the third quarter to...

Sweden’s largest pension fund Alecta dumped its First Republic Bank stake at a $728 million loss amid broader US banking losses.  Swedish pension fund Alecta recently offloaded its First Republic Bank (NYSE: FRC) shares following the latter’s massive drawdown. The leading Swedish pension fund was the fifth-largest shareholder at the embattled bank but now appears to have lost faith in First Republic. According to Alecta CEO Magnus Billing, uncertainty regarding the future of First Republic...

Crypto Finance AG, a leading provider of institutional-grade investment solutions, custody, and brokerage for digital assets, and part of Deutsche Börse Group, partners with Apex Group, a global financial services provider, to offer institutional-grade crypto products. The demand for crypto-related investment products is expected to grow in line with the exponential development of this new asset class. Therefore, trusted and regulated providers across the entire product value chain are...

Solana price started a decent increase above the $21.50 resistance against the US Dollar. The price is now trading above $22 and the 55 simple moving average (4-hours). There is a major bullish trend line forming with support near $22.30 on the 4-hours chart of the SOL/USD pair (data feed from Coinbase). The pair must clear $24.00 and $25.00 to continue higher in the near term. Solana price is trading above $22 against the US Dollar, similar to bitcoin. SOL could start a...

Bitcoin price started a fresh increase above the $25,000 zone against the US Dollar. The price is now trading above $27,000 and the 55 simple moving average (4-hours). There is a key bullish trend line forming with support near $28,100 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase). The pair could continue to rise if there is a clear move above $28,500 level. Bitcoin price is showing positive signs above $27,000 against the US Dollar. BTC might gain...