Blockaid’s primary objective is to protect users from a range of security threats, including fraud, phishing, and hacking. Blockaid, a blockchain security startup, and partner of the popular MetaMask crypto wallet has secured $33 million in a Series A funding round, led by prominent industry venture capital firms, including Coinbase investor Ribbit Capital and early-stage VC firm Variant. Other participants in the funding round included Sequoia Capital, Cyberstarts, and Greylock Partners....
Read More »Serial Entrepreneur Robert Kiyosaki Predicts Bitcoin Price Rally to $135K Fueled by Fiat Inflation
The author of Rich Dad Poor Dad expects the prices of Bitcoin (BTC), Gold, and Silver to rally in the near future as every government around the world prints more money pushing inflation to a multi-year high. Popular entrepreneur and financial educator Robert Kiyosaki issued a prediction for Bitcoin (BTC), and top precious metals amid heightened volatility in the crypto space. According to Kiyosaki, Bitcoin price is well positioned to rally towards $135,000 in the near term. His BTC price...
Read More »Chevron Announces $53B Acquisition Deal with Oil Producer Hess
After the transaction is finalized, Chevron plans to escalate share repurchases by $2.5 billion, reaching the upper limit of its annual guidance range of $20 billion. Chevron Corporation, one of the leading global energy companies, has today announced its agreement to acquire an American oil production firm Hess for $53 billion. The deal is part of a strategic move by the company to strengthen and diversify its already robust portfolio. According to an official announcement on Monday, the...
Read More »Lawyer: SEC Has Just 3% Chance against Ripple if They Appeal XRP Case
Morgan asserts that XRP sales fail to meet at least two of Howey test prongs, making the SEC’s case weak. With the facts apparently not aligning with the Howey framework, he sees little room for the SEC to overturn the earlier judgment. In the ongoing Ripple versus SEC case over XRP, legal experts are assessing the chances of a successful SEC appeal after Judge Analisa Torres granted Ripple a partial win in July. The judge ruled that XRP sales on public exchanges were not unregistered...
Read More »Japan’s Nikkei Closes Below 31,000 amid Middle East Turmoil
One of the most striking aspects of this market turmoil was the sharp increase in the Nikkei volatility index, which surged to 23.87, a level not seen in a long while. Japan’s Nikkei 225 (INDEXNIKKEI: NI225) share average faced a tumultuous day as it closed below the psychologically significant 31,000 level earlier today, primarily due to escalating events in the Middle East. This geopolitical unease sent a key volatility gauge spiking to a one-year high. Nikkei 225 Performance Breakdown...
Read More »10-Year US Treasury Yields Surge Past 5% Again, Dow Futures Crash 200 Points
Rise in the US Treasury Yields put pressure on the market resulting into bearish weekly start on Wall Street. Yields surge past 5% with Fed planning for higher-than-longer interest rates. Macro pressure continues to hover over Wall Street as the 10-year US Treasury yields surged higher even today on Monday, October 23. The treasury yields continue to hover at multi-year highs as investors prepare for higher-for-longer interest rates from the Federal Reserve. Around 5:54 a.m. ET, the...
Read More »Philips Raises Full-Year 2023 Expectations after Impressive Q3 Results
In light of its stellar performance and the resilience displayed in the face of challenges, Philips looks to uphold its commitment to creating enduring value and delivering sustainable impact in the long term. Philips, a prominent Dutch health technology company, has exceeded market expectations in its 2023 third-quarter performance, leading to an upward revision of its full-year outlook. The company’s core profit more than doubled, reaching an impressive 457 million euros ($483.3...
Read More »FTX SBF’s Trial Reaches Final Stages, What’s Next?
Bankman-Fried’s legal team, led by Mark Cohen and Christian Everdell, has encountered difficulties in presenting a coherent narrative to the jurors. FTX co-founder Sam Bankman-Fried‘s trial is nearing its conclusion, with the prosecution set to conclude their case on October 26 after nearly 20 testimonies. The prosecution has called upon a wide range of witnesses over the past three weeks, including former FTX employees, customers, investors, government officials, and law enforcement...
Read More »Stellar Lumen (XLM) Price Could Rally Further Toward $0.12
Stellar lumen price is rising toward the $0.1165 resistance zone against the US Dollar. XLM price is now trading above $0.1075 and the 55 simple moving average (4 hours). There is a short-term rising channel forming with support near $0.1100 on the 4-hour chart (data feed via Kraken). The pair could start another increase if it clears the $0.1125 and $0.1165 resistance levels. Stellar lumen price is trading above $0.1080 against the US Dollar, like bitcoin. XLM...
Read More »XRP Price Analysis: Bitcoin Could Lead XRP Higher To $0.580
XRP price is gaining pace above the $0.505 support against the US dollar. The price is now trading above $0.512 and the 55 simple moving average (4 hours). There is a key rising channel forming with resistance near $0.5350 on the 4-hour chart of the XRP/USD pair (data source from Kraken). The pair could start another increase if it stays above $0.500. XRP price is rising above $0.505 against the US Dollar, like Bitcoin. The price must stay above $0.500 to continue...
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