“Blockchain Association Demands SEC Custody Rule Revamp for Crypto Revolution”
The US Securities Exchange Commission (SEC) has proposed a new custody rule that would cover client assets under an investment adviser. However, Blockchain Association representatives believe that the rule needs revision, claiming it requires “qualified custodians” and that it should “adequately account” for digital asset features. In particular, they argue that it would prevent “digital […]
“Wayfair Shares Tumble as Market Reacts to Convertible Note Offering Announcement!”
Wayfair Inc., the well-known online furniture store, has experienced a setback in the form of a stock drop after announcing plans to issue convertible notes. Shares dipped over 7.5% after the announcement, although today seems to have them on a slight rise. After a slight dip of 0.6% to $39.97 at the close of the […]
“Bitcoin Plummets Over 5% as Market Stumbles Before Revealing CPI Report: What’s Next?”
Bitcoin, the largest cryptocurrency by market cap, experienced a sharp decline on Monday, dropping more than 5% in 24 hours as traders offloaded “risk assets” ahead of the release of the Consumer Price Index (CPI) report for April. At its lowest point, Bitcoin traded at $27,408, according to CoinGecko. This is a disappointing turn of […]
US Oil Futures Make a Comeback, Soaring High Despite Last Week’s 7% Plunge
US oil futures experienced a boost on Monday, growing by almost 3% in value. Part of the reason for this growth is the bullish US jobs data, which came in better than expected on Friday. Another reason is that the speculated imminence of a recession is driving crude prices. West Texas Intermediate crude increased by […]
Cardano Founder Claims XRP Community Twisted His Words into Unrecognizable Lies
Cardano Founder Charles Hoskinson has taken issue with the XRP community, claiming they manipulated his previous statement on the US Securities and Exchange Commission (SEC) and Ripple. He insists that he never said the whole SEC was bribed to initiate an attack against Ripple and their digital currency XRP. He referred to these allegations as […]
Trevena Stock Skyrockets: Pain Treatment’s Chinese Approval Results in 5x Gain and Frenzied Trading!
Shares of Trevena Inc. (TRVN) soared more than five-fold higher, up 420.6% on active trading Monday after the biopharmaceutical company announced that its China-based partner Jiangsu Nhwa received formal approval from Chinese health regulators for the pain treatment Olinvyk. The Pennsylvania-based firm saw 75.7 million shares change hands, compared with the full-day average over the […]
Unlock Cryptocurrency Trading Success: Master the Risk/Reward Ratio and Reap the Rewards!
The risk/reward ratio, also known as the risk/return ratio, is a crucial metric in trading that compares the potential profit of a trade with the potential loss. This ratio helps traders understand the possible return on investment compared to the risk they take. For example, a risk/reward ratio of 1:3 implies that for every dollar […]
Qualcomm Amplifies Auto Chip Empire: Exciting Autotalks Acquisition Empowering Tomorrow’s Connected Vehicles
Rewrite and expand this content to 900 words Qualcomm Inc. QCOM said Monday it agreed to buy Israel-based auto chip maker Autotalks to strengthen its portfolio of Snapdragon chips for automakers. While Qualcomm did not provide an amount, the company is reportedly paying $350 million to $400 million for the company, according to TechCrunch, citing […]
“Get Ready: DXY Set to Complete 1st Wave Surge, Reaching a Whopping .9950 Soon!”
Rewrite and expand this content to 900 wordsCoach explained the narrative that the time window for risk-off is tied to a DXY low of around.9950.
Mintlayer CEO Exposes Startling Flaws in BRC-20 Tokens: Unveils Significant Issues
Rewrite and expand this content to 900 words Security Bitcoin BRC-20 tokens have skyrocketed over the past few days, with their combined market value rising to over $923 million as of 8 May, 2023. Mintlayer CEO Enrico Rubboli has highlighted some of the flaws and issues plaguing the BRC-20 token standard. Apart from not aligning […]