Global markets remain cautious in an anxious wait for the monetary policy action, as well as the accompanying commentary, due on Wednesday from the Fed and on Thursday from the Bank of England. Market sentiment was also impacted by the proposed fresh sanctions on Russia that includes Russian oil. Asian markets closed in the red, and European markets are trading […]

Despite lingering concerns about the crypto market’s high correlation with equities, analysts still place their confidence in crypto. According to market analyst and Placeholder VC partner Chris Burniske, Bitcoin and Ethereum have and will continue to hold the upper hand over the stock market. BTC and ETH’s worst-case scenario trumps that of equities Burniske shared in a tweet that the […]

Bitcoin saw a sharp drop in price last month that led to the asset closing the month of April below $40,000. According to a new analysis, the move is going to prove pivotal for the next upwards bounce of Bitcoin. Bitcoin poised for a massive surge? In their newsletter, Yann and Jan, the co-founders of industry-leading crypto on-chain data analytics […]

He Owned the Crypto Domain for 4 Years To start, he bought the web domain in 2017 alongside other similar ones that have generated buyer interest over the years. However, this particular one caught the attention of a persistent buyer who sent him a $500 offer via the GoDaddy broker team. @cryptofelon quickly responded that he wanted 10 Bitcoin (BTC) […]

Come Wednesday and the Federal Reserve would have delivered its verdict on the stance of monetary policy, the decision on interest rates and perhaps also throw a hint on how fast the Fed would be shrinking its $9 trillion Balance Sheet! Feelings of fear, uncertainty and doubt (FUD) have been lingering in crypto markets recently as the Fed’s decision is […]

Shares of Global Payments Inc. (GPN) are falling more than 9% Monday morning after the payments technology company’s first-quarter revenue missed analysts’ view. Revenues for the quarter were $2.156 billion, compared with $1.99 billion in the first quarter of last year. Excluding one-time items, adjusted net revenues increased 8% to $1.952 billion, but missed the consensus estimate of analysts polled […]

Pundits in recent times have speculated that countries will soon adopt Bitcoin as a reserve currency. However, speaking at a meeting, the head of the Swiss National Bank (SNB) has said the asset does not currently fit the provisions of a reserve currency. “We do not believe bitcoin meets the requirements of currency reserves” According to a Reuters report, SNB […]

It’s been over seven months since El Salvador became the first nation in the world to adopt bitcoin as legal tender — though the transition has been rocky. Now, the Central African Republic has become the second sovereign state to embrace bitcoin on a national level. The Central African Republic Takes El Salvador-Style Leap Into Crypto The Central African Republic […]

Shares of German banking major Deutsche Bank were losing around 5 percent in German trading despite reporting significantly higher profit in its first quarter reflecting growth across core businesses. All businesses delivered results in line with or ahead of targets, and the company produced highest quarterly profit for nine years. James von Moltke, Chief Financial Officer, said, “In a challenging […]