Bitcoin rose to a two-and-a-half-week peak on Monday and ether climbed to a fresh record as cryptocurrencies ride higher on a wave of momentum, flows, favourable news and inflation fears. Bitcoin was last up about 3% at $65,121 and ether , which underpins the ethereum network, sat at a record top of $4,711. Ether is […]
Meme tokens and dogcoins have been an integral part of the ongoing market-wide bull run in the cryptocurrency markets. Among the plethora of these tokens that have been flooding the market, two of these tokens, the longer-standing memecoin Dogecoin (DOGE) and Shiba Inu (SHIB), have gained the most traction and popularity. Most recently, SHIB started […]
Bitcoin (BTC) fan, Tesla CEO and world’s richest man Elon Musk says he will sell 10% of Tesla stock (TSLA) — if Twitter tells him to. In a Twitter survey on Nov. 6, Musk entered the debate on United States tax policy by offering to test it with a sale currently worth $23 billion. Twitter tells Musk […]
Decentralized finance (DeFi) is a natural product made possible by blockchain technology and has the right and ready infrastructure to propel the technology to a bigger playing field. The space has grown by leaps and bounds since the Ethereum network went live in July 2015, with Ethereum network transactions growing by 33x to 1.2 million […]
False news that grocery giant Kroger would begin accepting Bitcoin Cash (BCH) as payment in its stores circulated online today before the company denied its truthfulness. Kroger Denies Bitcoin Cash Rumors The price of Bitcoin Cash (BCH) briefly spiked this morning on the news that it would be accepted this holiday season in Kroger stores, […]
Expert predictions for a U.S. stock market correction are common these days. But thanks to high inflation rates, Rich Dad Poor Dad author Robert Kiyosaki is calling for something much worse. “Inflation rips off the poor. Inflation makes rich richer,” he tweeted last week. “Prepare: Giant crash then new depression.” It’s not the first time […]
It has been a turbulent week for bond markets. The inherent fragilities of the global financial system are being exposed by the rise of inflation, the continuing and deepening COVID-19 pandemic and a resurgence of working-class struggles. The week began with the Reserve Bank of Australia (RBA) being forced to abandon its targeting of the […]
Stock Markets The stellar performance of equities over the past week was the result of healthy economic data, a robust end to the earnings season, and a comparatively modest outcome of the Federal Reserve policy meeting, all of which boosted investor sentiment. The major indexes, including the Dow Jones Industrial Average, the broad S&P 500 […]
Shoe maker Allbirds’ shares surged 90% in their market debut on Wednesday, as the company nabbed a valuation of roughly $4.1 billion. The company, known for its eco-friendly wool sneakers and slip-ons, opened its first trade at $21.21, after pricing 20.2 million shares a day earlier at $15 apiece, and raising roughly $303 million. Allbirds […]
Weyerhaeuser CEO Devin Stockfish told CNBC’s Jim Cramer on Friday the lumber company believes the U.S. housing market will remain strong for years ahead, even after the pandemic helped fuel a surge in homebuying. “First and foremost, it all goes back to the level of underbuilding that we’ve been doing in the U.S., really going […]
Price action in the crypto market has not been for the faint of heart over the past 48 hours and it’s clear that volatility following Bitcoin (BTC) and Ether’s (ETH) breakouts brought new all-time highs. While the top two cryptocurrencies fight to hold key support levels, the altcoin market has seen a handful of tokens […]
As demand for Ethereum, the most used blockchain network, has surged this year, other projects have emerged in an attempt to compete. Among them is Solana, a blockchain with a native cryptocurrency called SOL. “Solana is the leading Ethereum competitor,” Matt Hougan, chief investment officer at Bitwise Asset Management, tells CNBC Make It. “I wouldn’t put all my […]
