News

Last Wednesday,Justin Sun, founder of Tron TRX/USD , gaveakeynote interview to kick off the second episodeof Benzingas virtual trade show series, Crypto Unlocked.The event focused on global real-life use cases for crypto and Trons role as the leading network for USD-backed stablecoinTether USDT/USD . In the exclusive interview, Sun spoke of blockchain technology as a
0 Comments
In April, total card expenditure per household was down 1.2% year on year, as measured by Bank of Americaaggregated credit and debit cards. Thisfollows the trend seen inconsumer prices. The credit card data captured by Bank of America markedthe first decline in card spending since February 2021. Why It Matters: A reduction in household credit
0 Comments
Tesla IncTSLA CEO Elon Musk is once again under scrutiny as he faces a proposed $258 million class action lawsuit accusing him of insider trading and manipulating the meme cryptocurrencyDogecoinDOGE/USD . Allegations: Investors allege that Musk used various tactics, including Twitter posts, paid influencers, and his appearance on Saturday Night Live, to profit from Dogecoin
0 Comments
Finance and payments company PayPal Holdings PYPL reported first quarter financial results after market close Monday. Here are the key highlights. What Happened: PayPal reported first-quarter revenue of $7.04 billion, which was up 9% year-over-year. The revenue beat a Street consensus estimate of $6.98 billion, according to data from Benzinga Pro. The company reported earnings
0 Comments
In December of last year, Gartner forecasted that 60% of financial institutions would be looking for composable finance solutions by 2024. Rather than out-of-the-box tech, composable software gives users a library of pre-built modular components that each perform specific functions. This allows users to pick and choose the components they want to essentially build their
0 Comments
Bitcoin BTC/USD traded higher, with the cryptocurrency prices above the $27,000 level on Friday. Ethereum ETH/USD also recorded gains, trading close to the key $1,900 mark this morning. The US economy added 339,000 jobs in May, significantlyhigher than market estimates of 190,000.The unemployment rate, however,increased to 3.7% in May. Injective INJ/USD was the top gainer
0 Comments
CIA director Bill Burns travelled to China last month, a clandestine visit by one of President Joe Biden’s most trusted officials that signals how concerned the White House had become about deteriorating relations between Beijing and Washington. Five people familiar with the situation said Burns, a former top diplomat who is frequently entrusted with delicate
0 Comments
In April, total card expenditure per household was down 1.2% year on year, as measured by Bank of Americaaggregated credit and debit cards. Thisfollows the trend seen inconsumer prices. The credit card data captured by Bank of America markedthe first decline in card spending since February 2021. Why It Matters: A reduction in household credit
0 Comments