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
In the world of investing, there are a lot of different options at your disposal with different rewards and risks. If you were to break investing down into three tiers you could have the following: low risk and low reward, low-medium risk and medium reward, and high risk and high reward. One of the safest
Bitcoin (BTC) and crypto markets saw fresh volatility on Nov. 10 after stablecoin Tether (USDT) unpegged from the United States dollar. Tether executive: “No issues” with USDT Data from Cointelegraph Markets Pro and TradingView showed USDT hitting lows of $0.971 on Bitstamp on the day amid fears that the largest stablecoin by market capitalization may
Cryptocurrencies extended their slide for a second day Wednesday as the market absorbed the potential collapse of popular crypto exchange FTX. Prices were pressured to start the day and plunged by late afternoon as Binance, the largest global exchange by volume, abandoned plans to acquire Sam Bankman-Fried’s FTX after a due diligence exam and recent
The total value locked (TVL) on the Solana chain has plummeted 32.4% in the last 24 hours, as news stemming from the collapse of FTX has sent waves through the crypto ecosystem. According to DefiLlama, at the time of writing, Solana’s TVL has fallen to $423.68 million, down 32.4% in the last 24 hours, a
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
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In this article SPGI Follow your favorite stocksCREATE FREE ACCOUNT Consumer inflation may have come down slightly in October as goods prices declined, but prices for services and rents are expected to continue to climb. Economists expect the October consumer price index rose 0.6% from September, or 7.9% from a year ago, up from 0.4%
Investor sentiment in the crypto market is floundering after Binance decided to nix its agreement with FTX to purchase the distressed cryptocurrency exchange. The events have sent Bitcoin to a new yearly low, while other altcoins have also taken a sharp downturn. Data from Cointelegraph shows Bitcoin (BTC) declining to $15,698 amid the chaos caused
Democrats Erick Russell and James Diossa won open-seat campaigns for the state treasurer’s offices in Connecticut and Rhode Island. Russell will replace Connecticut State Treasurer Shawn Wooden, who didn’t seek re-election, and Diossa will replace Rhode Island General Treasurer Seth Magaziner, who ran for and won a seat in the U.S. House of Representatives. Russell,
Municipals were firmer 10 years and in Wednesday while another week of mutual fund outflows clocked in at $3.8 billion. U.S. Treasuries closed out the session better while equities sold off on weaker earnings. The focus shifted from midterm election results to Thursday’s monthly consumer price index report. “U.S. stocks declined as the midterm election
Ridofranz | Istock | Getty Images We adamantly want to age in place, say experts. A recent AARP report shows that 85% of respondents 65 or older wish to stay in their current residences as long as possible. Retirement-focused financial advisors can help with both the financial and non-financial preparations to do so. “We’re often
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
WASHINGTON – It may take days for the final results of Tuesdays midterm elections to emerge and decide the political make-up of Congress; in some cases, run-offs may be necessary. But trends, based on numbers and electoral races called by the media soon after polls closed across different time zones on Tuesday evening, point to
Closefisted — Americas slow-moving, confused crypto regulation is driving industry out of US US is likely to end another year without clear guidance on digital assets. Ashley Belanger – Nov 8, 2022 2:00 pm UTC EnlargeViorika | iStock / Getty Images Plus Share this story Share on Facebook Share on Twitter Share on Reddit As
Robinhood recently introduced a new interest rate for Robinhood Gold members enrolled in the brokerage cash sweep program. Robinhood Gold members will have access to 3.75% interest on brokerage cash sweeps, which is more than 23 times in interest * than the national average for a traditional savings account. Theres no cap, and you can
Market manipulation, lending activity and safeguarding of customer funds and assets are some of the many issues Senator Lummis plans to address in the coming days. 3997 Total views 32 Total shares Listen to article 0:00 News The feud between the CEOs of crypto exchanges FTX and Binance Sam Bankman-Fried (SBF) and Changpeng CZ Zhao
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.
Voters in New York State approved the $4.2 billion Clean Water, Clean Energy, Green Jobs Environmental Bond Act bonds on Tuesday’s ballot. San Diego Unified School District voters approved $3.2 billion for facility and safety improvements. Austin ISD voters approved a $2.44 billion bond package including $2.316 billion for general purposes, $75.5 million for technology
The feud between the CEOs of crypto exchanges FTX and Binance — Sam Bankman-Fried (SBF) and Changpeng “CZ” Zhao — not only crashed cryptocurrency prices but also reminded regulators to step in and avoid similar fallouts in the future. Ever since CZ publicly announced Binance’s intent to liquidate its FTX Token (FTT) holdings, investors anticipating