Michael J. Saylor, Co-Founder, Chairman, and CEO of Nasdaq-listed business intelligence company MicroStrategy Inc. (NASDAQ: MSTR), says that it’s “pretty obvious” that Ethereum ($ETH) is a security.  According to a report by The Daily Hodl, Saylor, a well-known Bitcoin maximalist, made his comments on July 7 during an interview with crypto market commentary show “Altcoin Daily”. Saylor was asked by the show’s […]

Shares of Citigroup Inc. (C) are rising more than 8% Friday morning after reporting better-than-expected second-quarter results. Net income in the second quarter declined to $4.547 billion or $2.30 per share from $6.193 billion or $2.85 per share a year ago. Revenues, net of interest expense for the quarter, however, increased to $19.638 billion from $17.73 billion last year. On […]

Summary: Bitfinex Bitcoin whale, Joe007, has warned that Celsius Network’s assets could be locked for a ‘long long time’ just like Mt. Gox’s crypto has been locked since 2014. Celsius Network has filed for Chapter 11 bankruptcy. Bitfinex Bitcoin whale known as @Joe007 has warned that Celsius Network’s assets could be locked for a long time due to the company […]

Cryptocurrency market capitalization dropped to $854 billion, amidst data from the U.S. showing the consumer price inflation for the month of June touching a fresh forty-year high of 9.1 percent. Consensus estimates for the reading were at 8.8 percent, versus 8.6 percent in the month of May. The core CPI, which excludes the energy and food components and is more […]

World markets are waiting anxiously for the June CPI readings which is expected to surge to a fresh high, in the backdrop of fuel prices that remained elevated during the period. Asian stock markets mostly gained. The Wall Street Futures are trading in mildly positive territory. European stocks are however trading lower despite a growth in U.K.’s GDP and a […]

Crypto trading lacked luster amidst a surging Dollar and anxiety surrounding release of inflation data from the U.S. on Wednesday. Consensus estimates peg the recent month’s CPI at 8.8 percent versus 8.6 percent in the month of May. Energy prices that remained high in the month of June are expected to have a telling effect on the month’s inflation readings, […]

Shares of Redfin Corporation (RDFN) are down more than 9% Monday morning at $8.61. The residential real estate brokerage said about 60,000 home-purchase agreements or 14.9% of homes that went under contract in June fell through. The company said this is the highest percentage since March and April 2020. “The slowdown in housing-market competition is giving homebuyers room to negotiate, […]

Caution prevailed across asset classes as world markets brace for the next inflation readings from the U.S., due on Wednesday. The onset of the earnings season also kept markets on tenterhook. Asian stock markets mostly declined. European stocks are trading lower. The Wall Street Futures are also trading in mildly negative territory. The Dollar Index stayed firm near recent highs, […]