Stripe valuation drops again to $50 billion with latest funding round

Stripe Inc., a privately held fintech company, has announced the completion of a new round of funding, which will see it raise more than $6.5 billion. This Series I funding round includes investment from existing investors, such as Andreessen Horowitz and Founders Fund, as well as new investors, such as Singapore-based GIC and Temasek, and […]

Cardano May Touch $0.30 But These Price Levels Are Vital For The Coin

Cardano (ADA) has been struggling to recover on its chart in the past week, with the bulls unable to sustain an upward movement. In the last 24 hours, ADA dipped close to 9%, and in the previous week, it registered a loss of 1%. At the moment, ADA is moving closer to its previous low […]

FDIC’s Silicon Valley Bank will likely be sold to another bank: report

Silicon Valley Bank (SVB) has been in the news recently after it was closed down by the California Department of Financial Protection and Innovation. This followed a series of financial troubles for the bank, which had been struggling with mounting losses and pressure from regulators. Now, it appears that the US government is set to […]

GBP/USD bears in the market on safe haven US Dollar buying on Credit Suisse risk

The global banking system is experiencing renewed unease as Credit Suisse’s largest investor announced their inability to provide the Swiss bank with more financial assistance. While Credit Suisse’s CEO, Ulrich Koerner, reassured investors that the bank’s liquidity base remained strong and was well above all regulatory requirements, analysts remain concerned that this is the tip of the […]

Salesforce Rolls Out Platform for Big Brands to Create NFT Loyalty Programs

Salesforce has launched a new NFT management platform called Salesforce Web3, designed to help its clients create token-based loyalty programs. With Salesforce Web3, businesses can mint and sell NFTs, monitor blockchain activity, and view real-time customer data. The platform was launched today with subscription tiers, following a pilot program that involved 257,000 transactions with clients […]

Stocks trim losses after report Credit Suisse, Swiss authorities hold talks

U.S. Stocks Rise After Reports of Talks Between Swiss Authorities and Credit Suisse On Wednesday, U.S. stocks saw a sharp decline before recovering in the afternoon following a report that Swiss authorities and Credit Suisse held talks aimed at stabilizing the troubled lender. According to Bloomberg, the discussions involved CS leaders and government officials and […]

USD Index to retest 100.82 YTD low on a break below 102.59 – Credit Suisse

The United States dollar index (DXY) has been facing a major roadblock as it has been capped at the 200-Day Moving Average (DMA) and the 38.2% retracement of its fall from October at 106.15/62. According to economists at Credit Suisse, there are predictions for a retest of the 100.82 YTD low. The DXY has been […]

El Salvador Ranks High in Bitcoin Interest, President Faces Criticism

El Salvador Emerges as a Global Bitcoin Leader Despite Criticism El Salvador has emerged as a major player in the world of Bitcoin, ranking second in a recent study that analyzed the interest of countries in cryptocurrency. The report by Crypto Betting found that El Salvador scored a respectable 46.19 out of 100, putting it […]

Move below 1.0463 would mark a significant downturn – Credit Suisse

EUR/USD Needs to Break Above 1.0806 to Reassert Upward Bias Eurozone economies have shown resilience in economic performance despite the ongoing wave of Covid-19 infections. The German government upgraded its growth forecast, projecting a 3% GDP increase for 2021. In November last year, the projections were 1.8%. Furthermore, the European Central Bank (ECB) President, Christine […]