Markets

Binance will use its BUSD stablecoin to price the tradable stock token.  Binance, the largest cryptocurrency exchange globally by volume, has launched zero commission and tradable stock tokens. According to a blog post by the company, Tesla Inc (NASDAQ: TSLA) shares will be the first to be tokenized. Notably, the minimum trade size of the Tesla stock tokens will be one-hundredth of the stock share.Binance Tradable Stock TokenBinance users can now access the traditional stock market through...

Alibaba Group has been handed a record fine of $2.8 billion, but interestingly, its shares started pulling some positive numbers after the news.Alibaba Group Holding Ltd (HKG: 9988) has been in the news lately with its antitrust investigation that created uncertainties among investors. The company has finally been found guilty of infringing the legitimate rights and interests of consumers. Alibaba Group was accused of forcing Merchants to list their products on just one of the many e-commerce...

With the recent explosion in the NFT market, Topps is seeing an encouraging trend and demand for NFTs. However, the company said that the pandemic reignited the demand for physical cards pushing Topps’ sales 23% north last year.Topps, the baseball cardmaker, saw a massive demand shooting for the baseball cards which was absolutely unexpected. This unpredicted revival of the sports industry is, however, colluding with the sharp surge in non-fungible tokens (NFTs). Last Tuesday, the 83-year-old...

The growing anticipation for the 15th Binance Coin burn led to a highly volatile trading day in which the token surged to yet another all-time high of roughly $640 before dumping by over $100 in minutes. Interestingly, the enhanced fluctuations resulted in over $125 billion in BNB liquidated in hours. 15th Binance Coin Burn Incoming Initially, as stipulated in BNB’s whitepaper, the token goes through a burning process every quarter in which Binance buys and destroys BNB worth...

The move by Darktrace to go public in London is coming after the unimpressive market debut by Amazon-backed food delivery company Deliveroo.Darktrace Plc, a Cambridge-based cybersecurity firm, on Monday, announced plans to go public on the London Stock Exchange (LSE), through an Initial Public Offering (IPO). Per the official release, the company is considering applying for the admission of its shares to the premium segment of the Official List of the FCA and to trading on the Main Market of...

The acquisition of Nuance by Microsoft is strategic and will help the latter to venture into the AI and speech recognition market.  Nuance Communications Inc (NASDAQ: NUAN) stocks are up over 23% in pre-market to trade above $56.30. The sudden spike has been attributed to news that Microsoft Corporation (NASDAQ: MSFT) is in talks to purchase the speech-recognition company Nuance according to media outlet CNBC.According to Bloomberg, Microsoft intends to value Nuance at about $56 per share,...

Many experts have come forward with definite opinions on the Coinbase listing, which is the first of its kind in the crypto industry.Coinbase is set to go live with a public offering on Nasdaq on Wednesday. Coinbase IPO is already affecting the financial market, and several experts have come forward to predict further market volatility and other surprising reactions to the planned public listing.The massive cryptocurrency exchange is one of the largest globally and the largest in the United...

Jamieson created his arts by using high-resolution images of his previous works and minting them to be uploaded on the NFT marketplaces for sale.36-year-old Brooklyn artist Blake Jamieson has made over $46,000 in about six weeks from selling (NFTs) Non-fungible tokens. Jamieson started selling his NFTs from the beginning of February till Mid-March on digital art marketplaces like SuperRare and OpenSea.Over the past weeks, the NFT market has been bubbling with artists, celebrities, and firms...

By partnering with a German-based investment firm and Switzerland’s Digital Assets AG, Binance will introduce zero commission tradable stock tokens. Each new coin will represent one share of equity stock and will be fully backed by a depository portfolio of underlying securities. The first such token will be Tesla. Binance Launches Commission-Free Tradable Stock Tokens The leading digital asset exchange, Binance, announced its latest development in a press release shared with...

Apart from surpassing the $1 trillion level, bitcoin’s market capitalization is now worth more than two of the largest financial service companies – Visa and MasterCard – combined. Moreover, BTC’s market cap is also higher than several of the largest US-based banks, including JPMorgan, Bank of America, and Citigroup. Bitcoin Above Visa and MasterCard The previously referred to as “magical internet money” has been on a mind-blowing bull run since early October when it dabbled...