“Discover Today’s Top Twitter Threads: May 10th Edition – Unmissable Conversations!”
The rise of BRC-20 tokens has generated a significant amount of hype recently, as the digital assets make waves in the cryptocurrency space. With over 14,000 tokens issued and a market cap close to $500 million, it’s worth examining what BRC-20 tokens are and their potential impact on the industry. BRC-20 tokens are a type […]
Sonos Tanks 23% as Audio Equipment Maker Suffers Demand Slump: Is an Industry in Crisis?
Shares of Sonos Inc., the California-based audio product pioneer, fell more than 23% in the extended session on Wednesday after the company posted better than expected second quarter results but cut guidance for the year citing a softening market with decreased consumer demand. In its Q2 report, Sonos lost $31 million, equivalent to 24 cents […]
“New York Bill to Permit Crypto-Based Stablecoin Payments for Bail Bonds: A Game-Changer?”
New York state has proposed new legislation, Assembly Bill 7024, to authorize the use of fiat-collateralized stablecoins as a form of bail. The bill, introduced on May 10, aims to amend the law to permit stablecoins to be used for bail bonds, in addition to the existing authorized methods of payment such as cash, insurance, […]
AppLovin Soars as Revenue Skyrockets, Defying Street Estimates with Stellar Outlook
AppLovin Corp., an app-monetization company, recently reported better than expected revenues and forecasts, causing its shares to rally by 8% after-hours. The stock has gained 69% since the beginning of the year, outperforming the S&P 500 and the Nasdaq Composite Index, which have increased by 7.8% and 17.6% respectively. In the first quarter, AppLovin posted […]
Discover the Exciting Battle: 6.9101 Takes on Last Close of 6.9288 – Who Will Triumph?
The People’s Bank of China (PBOC) plays a crucial role in controlling the yuan’s exchange rate on the mainland. This involves setting a daily midpoint fix each morning, based on the yuan’s closing level the previous day and quotations taken from the inter-bank dealer. It is important to note that there are two versions of […]
Breaking News: Parent Company Approves Whopping 250 BTC Loan for Bittrex – Get the Scoop!
US bankruptcy judge Brendan Shannon has approved Bittrex’s request to apply for a 250 BTC loan from its parent company Aquila Holdings, currently worth $7 million. The bankrupt crypto exchange also said it would apply for another loan at a hearing in June, seeking a 450 BTC loan. This means the total value of the […]
“Unity Software Soars 10%: Impressive Results & Outlook Leave Wall Street Stunned!”
Unity Software Inc., a leading provider of game-engine and app-monetization solutions, has witnessed its shares rally following its outlook and results exceeding Wall Street expectations. The company’s shares surged by more than 10% after hours, following a 1.6% gain during the regular session to close at $28.74. Unity has forecast revenue of $510 million to […]
“Bitcoin Drought: Exchange Supply Plummets to Record 5-Year Low – Grab Yours Now!”
The amount of Bitcoin on exchanges has reached its lowest level since December 2017, which suggests an increased interest in self-custody among traders. A lower supply of the flagship cryptocurrency on trading platforms reduces the potential risk of the coins being sold back on the market, ultimately reducing the available supply and making it easier […]
Groupon’s First-Quarter Results: A Mixed Bag, Retains Warning on ‘Going Concern’ Filing
Groupon Inc. reported a decrease in shares of over 1% in aftermarket trading on Wednesday, following the announcement of mixed quarterly results and a statement that it is “facing serious challenges” in remaining operational. The deals and coupons company has been struggling due to the widespread economic downturn caused by the COVID-19 pandemic, and the […]