Bitcoin ETFs provide an easy way for investors to put their funds into the cryptocurrency market. The crypto industry is rife with anticipation for the Securities and Exchange Commission (SEC) to approve spot Bitcoin exchange-traded fund (ETF) applications. However, the extended clamor may now have the right backing as four members of the House Financial Services Committee – two from each party – have just written a letter to that effect. In the Tuesday letter obtained by Coinspeaker, the...
Read More »Costco Posts Strong Q4 2023 Earnings despite Changing Shopping Patterns
Over the past three years, Costco has gained momentum, benefiting from trends such as increased home cooking, millennials moving into larger suburban homes, and inflation driving shoppers to seek value through memberships at warehouse clubs. Membership-based retail giant Costco Wholesale Corp (NASDAQ: COST) recently announced its quarterly earnings and the results were nothing short of impressive. Costco Earnings Surpasses Expectations Costco’s fiscal fourth-quarter earnings have surprised...
Read More »Tron (TRX) Price Analysis: Bulls Eye Additional Gains
Tron price started a fresh increase above the $0.035 level against the US Dollar. TRX price is now trading above $0.0835 and the 55 simple moving average (4 hours). There is a connecting bullish trend line forming with support near $0.0840 on the 4-hour chart (data feed via Kraken). The pair could continue to move up if it settled above the $0.085 resistance zone. TRON price started a fresh increase above $0.0830 against the US Dollar, outpacing Bitcoin. TRX’s...
Read More »Bitcoin Price Analysis: BTC Dips Again But Holds Key Support
Bitcoin price started a fresh decline from the $27,500 zone against the US Dollar. The price is now trading below $27,000 and the 55 simple moving average (4 hours). There is a key bearish trend line forming with resistance near $26,350 on the 4-hour chart of the BTC/USD pair (data feed from Coinbase). The pair could start a fresh increase if it stays above the $25,850 support zone. Bitcoin price is declining below $26,600 against the US Dollar. BTC might eye...
Read More »Police Save Elderly Woman from Crypto Scam
A woman nearly lost $16,000 after falling victim to a crypto scam. The money likely would have been gone forever if it wasn’t for the police force at Stevens Point, as well as the firefighters of the region and UPS. Woman Nearly Loses Money to Crypto Thieves The woman, who remains unnamed at the time of writing, is 79 years of age. Many crypto scammers are under the impression that they can victimize people who are elderly given they’re less likely to understand...
Read More »MoneyGram Announces Non-Custodial Wallet to Facilitate Cross-Border Transactions
The new MoneyGram non-custodial wallet will provide a more flexible way for users to handle funds and make transactions cheaper. International peer-to-peer payments and money transfer giant MoneyGram International has announced its intention to launch a non-custodial wallet to bridge crypto and fiat. According to MoneyGram, users will be able to exchange funds between fiat currency and the USDC stablecoin. The MoneyGram wallet confirms the payment company’s interest in crypto. According to...
Read More »Bit Deer Opens New Crypto Mining Firm in Bhutan
Bit Deer Technologies Group is opening a new crypto mining facility in the Asian country of Bhutan. Bit Deer Sets Its Sights on Asia Bit Deer is a crypto mining firm based in Singapore. Founded by Chinese billionaire Jihan Wu, the company stated that it has recently finished power testing the facility and it will open its doors for BTC extraction purposes. Linghui Kong – the CEO of Bit Deer – said in a recent statement: Our Gedu data center, nestled in the serene...
Read More »Particle Network Records Huge Success with WaaS V2, Sees Over 15M Wallet Activations in One Year
The success highlighted by the feat reinforces the popularity of WaaS. Web3 infrastructure provider Particle Network has said that its rollout of Wallet-as-a-Service (WaaS) V2 is proving to be a huge success. According to a recent press release, the company saw more than 15 million wallet activations in under a year since it launched the service. The success highlighted by the feat reinforces the popularity of WaaS, but more importantly, it is also a testament to the ever-growing demand...
Read More »Alibaba’s Cainiao Files for $1B IPO on Hong Kong Stock Exchange
The significance of this IPO is further highlighted when considering the expected global ranking of this offering. Cainiao Smart Logistics Network Ltd, the logistics unit of Alibaba Group Holding Ltd (HKG: 9988) has taken a significant step by submitting its A1 filing to the Hong Kong Stock Exchange, aiming to raise at least $1 billion in its Initial Public Offering (IPO). Alibaba to Hold Huge Stake in Cainiao Despite listing Cainiao on the Hong Kong Stock Exchange, Alibaba is set to...
Read More »WAGMI Games to Launch Its Founder’s Pack on OpenSea on September 27
Each pack contains a narrative-driven, playable character for WAGMI Defense, the inaugural mobile game from WAGMI Games. The community-driven Web3 entertainment franchise WAGMI Games has revealed that its upcoming Founder’s Packs will be launched exclusively on the NFT marketplace OpenSea on September 27th. These Founder’s Packs, comprise 10,000 unopened card packs. It’s developed in collaboration with Gadget-Bot, the renowned art studio behind designs in popular franchises like...
Read More »