Key Points Square’s Seller and Cash App ecosystems help merchants and consumers participate in the digital economy, and both are growing quickly. Square’s recent acquisition of Afterpay could supercharge both ecosystems. Management puts the company’s market opportunity at $160 billion. It’s been over a decade since Square (NYSE:SQ) released its first chip reader, making the digital economy more […]
Following Thursday’s London upgrade, the Ethereum (CRYPTO: ETH) network started burning thousands of coins each day, while this is a welcome blow to Ether’s inflation may expect that in the future it may make it even a deflationary asset. What Happened: According to network data, over 4,418 ETH (equivalent to over $12.1 million) were burned in under 22 hours after the […]
The Securities and Exchange Commission (SEC) has charged a pair of men for their part in making millions off fraudulent offerings. The case has already been settled. Two men from Florida were been brought up on charges by the SEC after using a Cayman Islands company to illegally obtain $30 million. The case was the […]
Bitcoin (BTC) price reacted as high as $44,600 on Aug. 7, the highest level since before the infamous May 19 crash. Meanwhile, there are increasing speculations that BTC could undergo a similar upside boom like the one that began in October 2020. At least two indicators expected Bitcoin to pursue massive uptrends. The first one […]
Stock Markets Equities charted gains for the past week as the large-cap benchmarks and tech-heavy Nasdaq Composite Index surged to record highs. A steep increase in the longer-term interest rates after the strong monthly payrolls report last Friday bodes well for the lending margins of banks, thus propping up the financial sector. Also moving up […]
U.S. stock indexes climbed to record highs after the July jobs report blew past expectations. The Dow Jones Industrial Average rose 144 points, or 0.41%, while the S&P 500 advanced 0.17% and the Nasdaq Composite slipped 0.4%. The early gains propelled both the Dow and the S&P to all-time intraday highs while the Nasdaq hovered […]
Elon Musk urged lawmakers considering the Senate infrastructure bill’s crypto tax provision not “to pick technology winners or losers in cryptocurrency technology” in a tweet responding to Coinbase CEO Brian Armstrong on Friday. “There is no crisis that compels hasty legislation,” the Tesla CEO and crypto influencer tweeted after Armstrong called the most recent proposed amendment to the contentious […]
A debate over competing amendments to regulate cryptocurrency is creating a new hurdle for the Senate to complete work on a $1.2 trillion bipartisan infrastructure bill. An amendment offered by two Republicans and the Democratic chairman of the Senate Finance Committee has stirred controversy and provoked opposition from the White House. The amendment, which would […]
The most anticipated upgrade since the inception of Ethereum was carried out on August 5th. The upgrade has already started burning coins. So far hitting over 3 ETH burned per minute in the last 24 hours. Following the upgrade has been Ethereum co-founder saying the upgrade shows the network can make significant changes. The success […]
Stock markets are set to see losses ahead, and Japanese stocks could wind up being the hardest hit, warns SEB’s Sean Yokota. “For the next couple of months, I think you’re going to see some downside risk, especially going into the fall,” Yokota, Singapore head of markets at the firm, told CNBC’s “Squawk Box Asia” […]
Ethereum was making strong gains early Thursday morning, while Bitcoin was trading slightly higher, reports said. Ethereum coins were trading at $2,634, up more than 6.6% per token, while Bitcoin was trading at $38,480, up a modest 1.94%, respectively, Coindesk reported. Rival Dogecoin was trading near 20 cents per coin – up 1.5% — and […]
With little fanfare, JPMorgan Chase has started giving its wealth management clients access to six crypto funds in the past month. On Thursday, financial advisors were allowed to begin placing private bank clients into a new bitcoin fund created with crypto firm NYDIG, according to people with knowledge of the move. The fund is nearly […]
