On Monday (September 26), the Bitcoin price is somehow managing to stay above the $19,000 level and in the green (i.e. up on the day) despite the intense pressure on risk-on assets such as crypto and stocks with the U.S. Dollar Index (DXY) ata 20-year high. According to data from TradingView, on crypto exchange Bitstamp, $BTC is currently (i.e. as […]

The U.S. Internal Revenue Service (IRS) is set to go after U.S. taxpayers who may have failed to report to the IRS, and pay taxes on, cryptocurrency transactions. The U.S. District Judge Paul Gardephe has now granted the IRS permission to serve what is known as a John Doe summons on M.Y. Safra. The IRS is primarily seeking information about […]

Shares of natural resource exploration company Snow Lake Resources Ltd. (LITM) are up more than 35% Friday morning after the company announced a deal to supply lithium hydroxide to LG Energy Solution. The companies have signed a Memorandum of Understanding (MOU) to establish domestic lithium supply chain for the North American electric vehicle market. Under the terms of the MOU, […]

The modest crypto rally post the Fed rate hike fizzled as renewed macroeconomic worries preoccupied investor sentiment. The third 75-basis points rate hike by the Fed renewed concerns of a painful recession, dampening market sentiment and driving down the prices of digital assets. Overall market capitalization dropped 0.39 percent to $928 billion after rising to $955 billion earlier. According to […]

Cryptos remained firm amidst worries over the Fed’s potentially massive interest rate hike to be announced by the Fed later in the day. While majority market participants anticipate a 75-basis points hike, the possibility of a 100-basis points hike is also not ruled out. Meanwhile, rising political tensions in eastern Europe triggered by Russia’s announcement of military mobilization exacerbated the […]

Rising geopolitical tensions in eastern Europe and lingering anxiety ahead of the Fed’s announcement on interest rates rattled sentiment across global markets. Russia’s announcement of a mobilization of troops sent gold and crude oil prices surging. Safe haven Dollar surged, lifting the Dollar Index to a fresh twenty-year high of 110.87. Prices of safe haven bonds too rallied. Asian stocks […]

Although — as many expected — Ethereum’s Merge upgrade has turned out to be a “buy the rumor, sell the news” type event and many $ETH HODLers are dismayed that $ETH is down 10% vs USD since the Merge was completed, $ETH has performed well against both $USD and $BTC in the past three-month period. Around 7:00 a.m. UTC on […]

Shares of Smart EV company XPeng Inc. (XPEV) are up more than 7% Monday morning at $15.62, after the launch of pilot program of the City Navigation Guided Pilot (NGP). XPENG is the first Chinese company to launch high-level Advanced Driver Assistance System (ADAS) functions for urban driving. “With the rollout of City NGP, XPeng is spearheading a strategic roadmap […]

Shares of AutoZone, Inc. (AZO), a retailer of automotive replacement parts and accessories, are up more than 2% in pre-market on Monday after reporting better-than-expected quarterly results. Net income in the fourth quarter increased to $810.04 million or $40.51 per share from $785.77 million or $35.72 per share in the year-ago quarter, on higher sales. On average, 18 analysts polled […]