Xapo Bank, a licensed private bank and leading Bitcoin custodian, has announced a partnership with Lightspark to integrate with the Lightning Network. According to Xapo Bank’s press release, this integration aims to offer nearly instant Bitcoin payments for its members, enabling them to make small purchases of up to $100 USD at those vendors that accept Lightning payments without high […]

Shares of Plastics and rubber products maker Myers Industries, Inc. (MYE) are falling more than 18% Wednesday morning despite improved quarterly results. Profit in the fourth quarter increased to $13.43 million or $0.36 per share from $7.26 million or $0.20 per share in the same quarter a year ago. Excluding one-time items, earnings were $11.8 million or $0.32 per share […]

Cryptocurrencies mirrored the muted movement in stock market, staying close to the flatline. Anxiety over the likely course of the monetary policy in the U.S. deepened ahead of the release of the PCE-based inflation readings, considered to be the Fed’s preferred inflation reading. Personal Income is seen rising by 1 percent in January versus 0.2 percent in December. Personal Spending […]

A relief rally that followed the release of the FOMC minutes vanished, but market capitalization of the cryptocurrency markets remains firm around the flatline amidst a slew of economic data releases. Strong earnings updates from the corporate sector also helped sentiment. The FOMC minutes released on Wednesday revealed a Fed that remained committed to fight inflation. Though the FOMC actually […]

Charles River Laboratories International, Inc. (CRL) reported Wednesday that its fourth-quarter profit and revenues climbed from last year, above market estimates. Looking ahead for fiscal 2023, the company issued weak earnings outlook, below market, despite higher revenue view. In pre-market activity on the NYSE, Charles River Labs shares were losing around 9 percent to trade at $222. The fourth-quarter net […]

The number of whales on the Bitcoin ($BTC) network, defined as wallet addresses that hold 1,000 or more BTC, has dropped to its lowest level since August 2019, at a time in which the price of the flagship cryptocurrency seems to be recovering from last year’s plunge. According to data from crypto analytics firm Glassnode, first spotted by Decrypt, there […]

British cryptographer and cypherpunk Dr. Adam Back, who is Co-Founder and CEO of blockchain technology company Blockstream, recently explained why he believes that Bitcoin’s market cap (currently around $472 billion) could reach $200 trillion in just nine years. Blockstream is a renowned blockchain technology firm founded by Bitcoin developers Adam Back and Pieter Wuille back in 2014. The company has […]

On Friday (17 February 2023), Robert Kiyosaki, the highly successful author of the “Rich Dad Poor Dad” series of personal finance books, shared his latest thoughts on his three favorite commodities — gold, silver, and Bitcoin.  “Rich Dad Poor Dad, “which is one of the top 10 personal finance books of all time, “advocates the importance of financial literacy (financial education), financial […]

As bitcoin closed the month of January in a more bullish state than before, analysts are making even more positive predictions for the long term. Ari Paul, CIO and founder of BlockTower, took to Twitter to reveal his predictions for the big bull in the coming months. Paul cites $100,000 as a possible price point for Bitcoin in 2024. He […]