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US Stock Futures Giving Mixed Signals Pulling Back from Record Highs

Chinese crackdown on tech and education companies put pressure on Asian indices. On the other hand, the US tech giants continue to post stellar returns in the second-quarter earnings season. During the early morning trading on Wednesday, the US stock futures showed mixed signals with major averages pulling back from record high levels. The futures for the Dow Jones Industrial Average (DJIA) is showing a minor dip.On the other hand, the futures for S&P 500 and Nasdaq 100 are trading in...

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Duolingo Raises Price for IPO, Targets $95-$100 Price Range

With stellar earnings in Q1 2021 and a growing customer base, Duolingo is seeking higher valuations as it goes for public listing on Wall Street.On Monday, July 26, the popular language-learning app Duolingo announced that it will raise the price target for its Initial Public Offering (IPO). Thus, it sets a new price band of $95-$100 moving up from the previous $85-$95 range.Duolingo shall be releasing 5.1 million shares in its public offering, reports Reuters. Thus, at the top of the range,...

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Stellar Foundation and Advent to Purchase MoneyGram for Undisclosed Amount

Stellar and Advent have joined a list of companies including Ant Group and Western Union, to pitch for an acquisition of MoneyGram.Stellar Foundation, which supports the Stellar Network for blockchain-based payment services, is partnering with private equity firm Advent to purchase MoneyGram (NASDAQ: MGI). A Bloomberg report states that Stellar has already contacted the 81-year-old remittance giant about the potential purchase. According to unnamed sources, neither party has made a final...

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The FBI Is Telling People to Avoid Crypto if They Can

The Federal Bureau of Investigation (FBI) has issued a serious warning against cryptocurrencies like bitcoin and has told individuals not to get involved unless they are fully aware of the risks. The FBI Is Warning Against Crypto Use The bitcoin and cryptocurrency space has attracted a huge wave of malicious cyberactivity over the past year. Bitcoin and several other digital assets have seemingly shot up in price, and while things may not be looking stellar at press...

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Top US Banks Report Stellar Earnings for Q2 2021

Amid the government’s spendings and stimulus, the banks also reported a strong surge in consumer spending. The credit card spending for most of the banks has shot above the pre-pandemic levels. Amid strong earnings season this week, US banking giants are in top gear. The four-largest US consumer banks reported blockbuster results for the second quarter (Q2 2021).Wells Fargo & Co (NYSE: WFC), JPMorgan Chase & Co (NYSE: JPM), Citigroup Inc (NYSE: C), and Bank of America Corp...

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Stellar Lumen (XLM) Price Could Rally Above $0.25

Stellar lumen price tested the $0.2320 support before correcting higher against the US Dollar. XLM price is now facing resistance near $0.2550 and the 55 simple moving average (4-hours). There was a break above a major bearish trend line with resistance near $0.2480 on the 4-hours chart (data feed via Kraken). The pair is likely to start a steady increase if there is a break above the $0.2550 resistance. Stellar lumen price is facing hurdles near $0.2500 and $0.2550...

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Stablecoin USDC Expands to the TRON Ecosystem Ushering in a New Round Of Development Opportunities

[PRESS RELEASE – Singapore, Singapore, 1st July 2021] CENTRE, a consortium run by crypto exchange Coinbase and payments firm Circle has announced the support to issue USD Coin (USDC) on TRON, one of the largest and most popular blockchain-based operating systems in the world. USDC was on Ethereum in 2018 and expanded to Algorand, Stellar and Solana in the second half of 2020, as of June 2021 TRON is now the fifth chain to issue USDC with more to follow in the latter half of...

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Stellar Lumen (XLM) Price Could Recovery Sharpy If It Breaks $0.27

Stellar lumen price extended its decline and it even tested $0.2000 against the US Dollar. XLM price is now trading near $0.2600 and the 55 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $0.2600 on the 4-hours chart (data feed via Kraken). The pair is likely to start a major increase if it surpasses $0.2600 and $0.2700. Stellar lumen price is facing hurdles near $0.2600 and $0.2700 against the US Dollar, similar to...

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Beeple Presents NFT Platform WENEW to Sell Moments in Time

Beeple asserted that the NFTs constituted a new prototype that feeds off the remarkable achievements in human history, which can be commemorated and honored through the platform.Mike Winkelmann aka Beeple, one of the most famous digital artists around the world,  presented WENEW,  the premier curator and provisioner of iconic moments as Non-Fungible Tokens (NFTs). The platform helps people collect stellar instances in sports, arts, and culture on the blockchain.The platform which aims to...

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Coinbase Approved to Enter Cryptocurrency Market of Japan

At the beginning of the year, as the rest of the world was enjoying a crypto boom that begun in 2020, things had slowed down for Japanese cryptocurrency investors.Coinbase has been given the go-ahead to operate crypto activities in Japan. The digital assets company has been allowed to indulge in 5 cryptos including Bitcoin, Ether, Litecoin, Bitcoin Cash, and Stellar Lumen. The highest Japanese regulator for financial services also called the Financial Services Agency (FSA) said that Coinbase...

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