Category Archive: Cryptocurrency, No picture
Iranian crypto mining poses ‘direct threat’ to national security, Senators Warren and King argue
US Senators Elizabeth Warren (D-Mass.) and Angus King (I-Maine) have sent a letter to top military and financial officials, expressing concerns about Iran’s reliance on cryptocurrency mining as a means of generating revenue and potentially evading US sanctions.The letter, dated May 1, was addressed to Secretary of Defense Lloyd Austin, Secretary of the Treasury Janet […]
FTSE Flatlines Ahead Of U.S. Federal Reserve Rate Announcement
Image Source: Pexels On Thursday, Britain’s top stock index saw an increase in value as Shell and Standard Chartered shares surged following positive financial results. Additionally, investors found reassurance in the Federal Reserve’s decision to rule out further interest rate hikes. The FTSE 100, comprising leading companies, experienced a 0.85% rise. The direction of the market […]
Here’s What Wall Street Experts Are Saying About Block Ahead Of Earnings
Image Source: Unsplash Block (SQ) is scheduled to report results for its first fiscal quarter after the market close on May 22, with a conference call scheduled for 5:00 pm EDT. What to watch for: PROBE: Federal prosecutors are examining financial transactions at Square and Cash App owner Block, Gretchen Morgenson of NBC News reports. Internal documents indicate Block processed […]
S&P 500 Earnings Dashboard 24Q1 – Thursday, May 2
Image Source: Pexels S&P 500 Aggregate Estimates and Revisions The 24Q1 Y/Y adjusted blended earnings growth estimate is 10.0%. If the energy sector is excluded, the growth rate for the index is 10.0%. Please note that the 24Q1 year-over-year growth rate for Bristol Myers Squibb reflects an approximate $12 billion one-time charge related to its acquisition of Karuna Therapeutics. […]
Asia Week Ahead: China’s Trade Data And An Upcoming RBA Decision Take The Spotlight
Image Source: Unsplash RBA meeting to be closely watched The 7 May Reserve Bank of Australia (RBA) meeting is worth watching closely. Recent inflation data in Australia looks to have stalled on a monthly basis and has even started to nose higher. That said, Australian inflation has actually performed better than we had been expecting. We […]
Bitcoin mining firm Stronghold considers potential sale
Stronghold Digital Mining, Inc. (NASDAQ: SDIG), a vertically integrated Bitcoin mining firm, has announced the initiation of a formal strategic review process to explore alternatives for “maximizing shareholder value,” including the potential sale of all or part of the company.In its first-quarter 2024 earnings release, Stronghold reported revenues of $27.5 million, a 27% increase sequentially […]
RWA protocol Untangled Finance debuts private credit pool on Celo
Real-world asset (RWA) protocol Untangled Finance has announced its first on-chain securitization pool on the Celo blockchain. The pool is structured under Luxembourg’s securitization laws, collateralized by a diverse set of French working capital assets from fintech Karmen, and has a debt ceiling set at $6 million.The Credit Collective, supported by Fasanara Capital as the […]
Fed Holds Rates At 5.25-5.50%, Battles To Hit 2% Inflation
The Federal Reserve maintained its current stance on interest rates, opting not to implement a cut despite ongoing struggles with inflation. Since a hike in July 2023, the U.S. central bank has kept its benchmark short-term borrowing rate at a range of 5.25% to 5.50%. This marks the highest level in over two decades. This […]
MoonPay and PayPal unite to streamline fiat-to-crypto transactions for US users
PayPal has partnered with MoonPay to introduce a new fiat-to-crypto transaction service for US customers, according to a press release published today by MoonPay. The collaboration marks MoonPay as the first on- and off-ramp provider to incorporate PayPal’s payment system, enhancing the ease of purchasing crypto. 🌙 Exciting news from MoonPay! 💳 Today, we’re thrilled […]
US Fed Tilts Towards A Rate Cut Despite The Postponement. Hkma Left The Rate Unchanged At 5.75%
At Tuesday’s close, the Dow Jones Index (US30) added 0.23%, while the S&P 500 Index (US500) was down 0.34%. The NASDAQ Technology Index (US100) closed negative 0.33%. US stock indices traded mixed on Wednesday. Stock prices rose after bond yields fell, and Fed Chairman Powell said it was unlikely that the Fed’s next move would be a rate hike. However, the broader […]
