Walmart—America’s most ubiquitous retailer—is on the hunt for a cryptocurrency product lead, according to a job ad posted to LinkedIn five hours ago. The ad said the firm is “seeking a visionary leader” to fill the so-called digital currency and cryptocurrency product lead position. The person would create a digital currency strategy for the big […]
It’s no secret that Tesla, Inc. (NASDAQ: TSLA)’s flamboyant CEO Elon Musk and Shark Tank’s Mark Cuban are staunch backers of Dogecoin (CRYPTO: DOGE), a cryptocurrency that is themed on the Shiba Inu dog. The two have invariably thrown their weight behind the meme currency, promoting it through their tweets and statements. What Happened: Musk […]
Oil prices fell more than 1% on Monday, dropping for a third session, as government-imposed restrictions on mobility to counter the spread of the Delta variant raised worries about a recovery in fuel demand. Brent crude was down 80 cents, or 1.1%, at $69.79 a barrel by 0046 GMT, after edging lower last week. U.S. […]
Investors bid up cyclical stocks in the past week, but the economy will have to prove that the reflation trade — a bet on economic growth — is the way to go as concerns about Covid linger. Markets are deep in the dog days of August. That means the Federal Reserve and key data, particularly […]
Jeremy Rubin was a sophomore studying computer science and electrical engineering when he decided that he wanted to give every undergraduate student at the Massachusetts Institute of Technology $100 worth of bitcoin. Seven months later – armed with half a million dollars in donations from alumni and bitcoin enthusiasts – Rubin offered to do just that, […]
Being bullish on Ether (ETH) has paid off recently because the token gained 60% in the last 30 days. The spectacular growth of decentralized finance (DeFi) applications likely fueled inflow from institutional investors, and the recent London hard fork implemented a fee burn mechanism that drastically reduced the daily net issuance. Although Ether is not yet a […]
The new U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler has brought much controversy over the regulation of Bitcoin, Ethereum, and cryptocurrencies. In an intervention on the Aspen Security Forum, Gensler failed to be clear on the regulator’s stand on Ethereum and hinted at a potential further expansion of the Commission’s jurisdiction over “all […]
Stock Markets Investors generally discounted news of the continued spread of COVID-19 and its impact on future economic expansion. Equities climbed, with value stocks listed in the S&P 500 Index outperforming the growth stocks. Materials led other sectors in their advance, while energy stocks dipped on worries that oil producers may break ranks on the […]
U.S. stocks ticked to record highs Friday as investors shrugged off a sharp drop in consumer confidence. The Dow Jones Industrial Average rose 16 points, or 0.05%, while the S&P 500 index and the Nasdaq Composite index advanced 0.16% and 0.04%, respectively. Both the Dow and the S&P 500 booked their fourth straight close in […]
Ever since China started instituting a nationwide crackdown on bitcoin mining, the country has been losing its spot as the industry’s hotbed. As companies were ordered to pull the plug and probed from maintaining operations in the country, the total Bitcoin hashrate started declining rapidly. But now, as miners are successfully finding a new home […]
Dogecoin continues to win over billionaires. Tech entrepreneur Mark Cuban, who owns NBA team the Dallas Mavericks, is already on the Dogecoin bandwagon. His team said back in March that it would accept Dogecoin as a payment method for merchandise and ticket e-commerce sales. The team has also been supporting bitcoin payments since 2019. Now […]
Bitcoin’s price rose Friday, back above $46,000 after dipping as low as $43,800 the prior day. The largest cryptocurrency by market value was trading close to its highest level in more than two months, sitting on a 60% year-to-date gain after rallying from a low around $29,000 as recently as June. A key threshold is […]
