Cryptocurrencies retreated early on Thursday amidst renewed recession worries in the U.S. PMI readings for the month of March for the U.S. services sector showed a lower-than-expected reading of 51.2. Markets had expected it to fall to 54.5 from 55.1 earlier. Non-farm payrolls and unemployment rate, two key labor market indicators are due from the U.S. on Friday and would […]

Shares of MarketAxess Holdings Inc. (MKTX), operator of an electronic trading platform, are falling more than 10% Wednesday morning. The company, however, today reported monthly volume statistics for March and First quarter, better than last year. The company said it had a record total credit volume in March at $296.3 billion and a record total credit average daily volume at […]

AMC Entertainment Holdings Inc. has reached a settlement in a shareholder lawsuit to proceed with converting its preferred stock into common shares. Following the settlement, which will provide investors additional shares as part of recapitalization, the movie theater chain’s shares fell 22 percent in the extended trade on Monday, while its preferred shares grew 22 percent. In Tuesday’s pre-market activity […]

The Bitcoin whitepaper takes the fast lane, making its Formula 1 racing debut on a Kraken-sponsored Williams Racing team car. On March 28, British Formula One team Williams Racing, founded in 1977, and crypto exchange Kraken, established in 2011, announced a groundbreaking partnership. The leading crypto platform became the Formula 1 team’s first-ever Official Crypto and Web3 Partner. The collaboration […]

Crypto market capitalization has surged to $1.17 trillion, from the level of $0.80 billion at the end of 2022, registering a rally of close to 47 percent. Expectations that the Fed would oblige with a dovish pivot gained ground with the decline in consumer price inflation in the U.S. and got a sudden boost when the banking crisis unfolded. The […]

Bitcoin, the largest cryptocurrency by market capitalization, is moving on a notably bullish path. The apex cryptocurrency has hit a new milestone after attaining gains that have pushed it to a new peak. According to data from CoinMarketCap, Bitcoin’s price has surged past $28,000. The asset hit a peak of $29,170 on the Bitstamp exchange yesterday. Bitcoin has recorded its […]

Digital assets recorded sky-high outflows in spite of the meteoric rise in Bitcoin’s price. Investment funds were the hardest hit of the lot, with outflows nearly reaching $500 million during a six-week period. Ethereum appeared to record the lowest outflows as experts tried to make sense of the debacle. As Bitcoin’s (BTC) price marches toward the $30,000 mark, analysts are […]

Anthony Pompliano reiterated his belief in Bitcoin (BTC) as the best hedge against inflation. Bitcoin’s slump during the last 12 months has cast a shadow of doubt on its efficacy as an inflationary hedge. Pompliano notes that Bitcoin’s resurgence proves investors are leaning towards the asset class for safety against the threat of continued inflation. A torrid 2022 triggered several […]

Robert Kiyosaki, the best-selling author of Rich Dad Poor Dad and American businessman, has pinpointed key reasons for purchasing bitcoin right now. In a March 29 Twitter post to his 2.3 million followers, the author noted that retail prices are plummeting. Kiyosaki also highlighted that “rich brands are on sale”, urging investors to start acquiring before the United States government […]