Category Archive: Cryptocurrency, No picture
US tops global interest in meme coins: CoinGecko report
The US has emerged as the leading nation in interest for smaller market capitalization crypto, commonly referred to as ‘shitcoins’ or meme coins, with a 16.8% share of global activity, according to a report by data aggregator CoinGecko. Those investors are known by the crypto community as ‘degens.’The UK and the Philippines are not far […]
Tether expands Eastern European operations with CityPay.io investment
Tether today announced an additional investment in CityPay.io to strengthen its Eastern European presence. The funding will enhance the payment processor’s reach in over 600 Georgian locations, according to the announcement. “Our previous collaboration with CityPay.io yielded exciting results in expanding convenient cryptocurrency use across Georgia. With this second investment, we aim to build on […]
Oil Prices Are Rising Amid Rumors Of Increased Production By OEPC Countries. European Indices Are Growing Amid The “Dovish” Position Of The ECB
The US stock indices traded mixed on Tuesday. The Dow Jones Index (US30) rose by 0.08%, while the S&P 500 Index (US500) gained 0.13%. The NASDAQ Technology Index (US100) closed negative 0.10% yesterday. Minneapolis Fed President Kashkari’s comments on Tuesday were hawkish when he said that given the latest inflation data, he doubts that Fed policy is restrictive enough to bring price […]
Ripple’s proposed stablecoin is an ‘unregistered crypto asset’ — SEC
In its May 7 redacted remedies reply brief, the US Securities and Exchange Commission (SEC) has characterized Ripple’s proposed stablecoin as an “unregistered crypto asset,” arguing that it serves as further evidence of the company’s potential to continue engaging in unregulated activities without a permanent injunction.The SEC’s latest court filing comes after Ripple revealed plans […]
Vitalik Buterin addresses concerns over Signal’s protocol integrity
Ethereum co-founder Vitalik Buterin has weighed in on the growing concerns surrounding the encrypted messaging app Signal, emphasizing the importance of free speech and decentralization in response to revelations about the app’s board chair and potential ties to US intelligence.In an X post sharing an article from City Journal, Block founder Jack Dorsey acknowledged that […]
Taboola Q1 2024 Results Beat High End Of Guidance; Reiterates 2024 Guidance And Expects Accelerating Growth Across All Key Metrics
Q1 2024 and FY 2024 Key Highlights Q1 Financials – beat high end of guidance across all key metrics Q1 2024 Revenues $414M, Gross profit $109M, ex-TAC Gross Profit $139M, Net loss $26M, Non-GAAP Net Income $4M, Adj. EBITDA $23M, Free Cash Flow $27M Accelerating YoY growth: Revenues +26%, ex-TAC +20%, Adj. EBITDA +132%, FCF +140% 2024 […]
Savings Bonds 101: How Savings Bonds Work
IntroductionSavings bonds have long been a popular investment option for those seeking a safe and reliable way to grow their wealth. Pexels According to the U.S. Department of the Treasury, as of December 2021, there were over $200 billion in savings bonds outstanding. But for many, the question remains: how do savings bonds work? In this article, […]
Nasdaq 100 & S&P 500 Elliott Wave Update – Tue, May 7
Image Source: UnsplashNot much to be added to the current analysis. Both the ES and NQ continued to advance albeit at a slower pace. I have updated the labeling where I am looking for a pullback in both markets. I also include the Fib retracement levels for the pullback. I am still looking for a continuation […]
Asia Morning Bites For Wednesday, May 8
Image Source: Unsplash Global Macro and Markets Global Markets: Tuesday was very quiet in US Treasury markets. The 2Y UST is unchanged from yesterday at 4.83% after trading in a narrow range all day. 10Y yields edged down 3 basis points to 4.457%, bouncing off an intraday low of 4.42%. Markets largely ignored the Minneapolis Fed’s […]
Current Analysis: Trend Micro Inc
Image Source: PexelsTrend Micro Inc (TMICY) provides antivirus and other security products that protect the flow of information on PCs, file servers, e-mail servers, and the Internet gateway.Sales have averaged 75% annual growth over the past decade. Customers include British Airways, Merrill Lynch, Microsoft, Pacific Bell, and governmental agencies in the United States and Japan.The company […]
