News

Payment processors Block Inc. SQ and PayPal Holdings Inc. PYPL and cryptocurrency exchange Coinbase Global Inc. COIN announced their quarterly resultslate on Thursday. What Happened: CANACCORD Genuity analyst Joseph Vafi maintained a Buy rating and $150 price target for Block shares.The analyst also retained a Buy rating and $160 price target for PayPal. For Coinbase,Vafi
0 Comments
Insolvency risk — FTX on brink of collapse after Binance abandons rescue Crypto exchange dashes to fill $8 billion hole as investors write down equity. Financial Times – Nov 10, 2022 2:27 pm UTC EnlargeLeon Neal/Getty Images reader comments with 0 posters participating Share this story Share on Facebook Share on Twitter Share on Reddit
0 Comments
Binance will abandon its deal to rescue Sam Bankman-Fried’s FTX cryptocurrency exchange, citing concerns about its business practices and investigations by US financial regulators. The move comes a day after Binance, one of the world’s largest crypto trading venues, tentatively agreed to buy FTX after it suffered a liquidity crunch. “As a result of corporate
0 Comments
In 2017, Block.one, led by Dan Larimer and Brendan Blumer, launched the Entrepreneur Operating System (EOS) protocol, one of the earliest "Ethereum Killers," aiming to support decentralized finance apps at enterprise scale for a global audience. It offered the speed, scalabilityand comparative cheapness that would put it well ahead of Ethereum ETH/USD for most developers.
0 Comments
Fintech is the coming together of finance and technology. It is the application of technological advancements to expedite the use and transfer of financial services like traditional tender and cryptocurrencies such as Bitcoin and Ethereum. Fintech services and applications are everywhere these days. Whether youre conducting business, or just using them for pleasure, fintech applications
0 Comments
Archaeologists in Egypt have discovered a vast tunnel beneath a temple at the ancient city of Taposiris Magna, west of Alexandria.  The 4,281-foot-long (1,305 meters) tunnel, which brought water to thousands of people in its heyday, was discovered by an Egyptian-Dominican Republic archaeological team, the Egyptian Ministry of Tourism and Antiquities said in a statement
0 Comments
Stocks and bonds in the U.S. took a hit on Thursday, continuing their response to theFederal Reserveshawkish stance. The S&P 500 and the Nasdaq closed over 1% lower, while yields on U.S. Treasuries across the curve saw a spike. Meanwhile, here are five stocks that witnessed significant movement in after-hours trading on Thursday. 1.Atlassian CorpTEAM
0 Comments