Silvergate shares tumble 30% after crypto-friendly lender delays filing annual report

Silvergate Capital Corp., a crypto-friendly lender, saw its shares plunge more than 30% in after-hours trading on Wednesday after the company announced that it would not be filing its audited 2022 annual report on time. Silvergate further revealed in a regulatory filing that a series of events have left it at risk of “being less […]

Provenance Blockchain Foundation announces $50M in grants for blockchain development

The Provenance Blockchain Foundation has announced a $50 million grant program for blockchain developers to support the development of regulated financial services on blockchain. The grant program promises to award $50 million in HASH, the native token on Provenance Blockchain, to developers who build core services and experiences that enable the full digitally-native lifecycle of […]

Reata’s new rare-disease drug will cost $370,000 per year

Reata Pharmaceuticals Inc.’s newly approved treatment for Friedreich’s ataxia, Skyclarys, was given the green light by the Food and Drug Administration (FDA) on Tuesday. On Tuesday night, the company informed investors that the wholesale acquisition price of the drug will be $370,000 per year. This news sent Reata’s stock soaring, with it rising by an […]

XAU/USD to find a floor above its 200-DMA at $1,775 – Credit Suisse

Gold prices have managed to stay above their 200-Day Moving Average (DMA) of $1,775, according to Credit Suisse strategists. This is a positive sign as it suggests that the bright metal could be on track to remain strong. The 200-DMA is a long-term indicator that is used to determine the overall trend of gold prices. […]

Caterpillar’s stock rally after ‘tentative’ agreement with UAW adds more than 60 points to the Dow’s price

Shares of Caterpillar Inc. (CAT) soared 4.2% in midday trading Wednesday, leading the Dow Jones Industrial Average’s (DJIA) gainers, after the construction- and mining-equipment maker announced it had reached a six-year “tentative labor agreement” with the United Autoworkers (UAW) union. The stock’s $9.94 price gain added about 66 points to the Dow’s price, while the […]

Crypto Donations Can Now be Made With BONE

Nonprofits and Charities around the world can now accept Bone ShibaSwap (BONE) as donations through NOWPayments, a leading crypto payment gateway. This new donation method is a great way to support social welfare causes and can be attributed to the dedicated and passionate community of over 3.5 million people supporting the Shiba Inu Ecosystem. In […]

USD/CHF Price Analysis: Battles at the 100-DMA around 0.9380s

0.9400. The USD/CHF currency pair is currently trading at 0.9387, slightly below the 100-day Exponential Moving Average (EMA) of 0.9384. This follows a period of gains on Tuesday which saw the pair reach a high of 0.9400. The USD/CHF currency pair is a reflection of the relative strength of the US dollar and the Swiss […]

EIA data show a more than 1 million-barrel weekly rise in U.S. crude supplies

The Energy Information Administration (EIA) released its report on Wednesday, which showed that U.S. crude inventories had increased by 1.2 million barrels for the week ended February 24th. This was significantly higher than the 350,000 barrel increase predicted by analysts polled by S&P Global Commodity Insights. The report also revealed that gasoline inventories had declined […]

Polkadot (DOT) and Kusama (KSM) Price Gear up for Next Rally

The Polkadot (DOT) and Kusama (KSM) prices have been trading around crucial horizontal support levels. Whether they bounce or break down could determine the future trend’s direction. Polkadot (DOT) Price Attempts to Find Support The Polkadot price has been decreasing since Aug. 2022, falling below a descending resistance line. This led to a low of […]

Key support at 1.0483/63 to contain weakness – Credit Suisse

The EUR/USD currency pair is set to remain within a broader range, according to analysts at Credit Suisse. The near-term risk is seen to be lower for a deeper corrective setback to the next support at the 38.2% retracement of the 2022/2023 rally and early January YTD low at 1.0483/63. This is expected to act […]