Others News

Curious stories and rumors, stock markets, AI, economy. All alternative developments in one place.

Wall Street Awaits Fed’s Decision on Interest Rate Cut

Many analysts on Wall Street are predicting that the Federal Reserve might implement its first interest rate cut in September, based on the CME FedWatch tool.

11.08.2024 8:30 1 min. read Alexander Stefanov

Bankrupt Crypto Lender Sues Tether for Over $2 billion

Celsius Network Ltd. has filed a lawsuit against Tether and its affiliates, accusing them of engaging in “fraudulent” and “preferential” transfers involving over $2 billion in Bitcoin (BTC).

10.08.2024 18:28 2 min. read Alexander Stefanov

Shiba Inu Developer Takes a Jab at Dogecoin, Hints at SHIB’s Dominance

Shytoshi Kusama, the lead developer of Shiba Inu, has recently reached out to the SHIB community to affirm its dominance over Dogecoin.

10.08.2024 21:00 2 min. read Alexander Stefanov

Nvidia CEO Continues Massive Share Sell-Off Amid Market Shifts

Nvidia CEO Jensen Huang has recently sold $49 million worth of NVDA shares, continuing a significant divestment trend.

10.08.2024 20:00 1 min. read Alexander Stefanov

Uniswap Usage on Ethereum Layer-2 Doubles in a Month

The number of Ethereum layer-2 wallet addresses using Uniswap’s decentralized exchange nearly doubled last month compared to June.

10.08.2024 9:30 1 min. read Alexander Stefanov

OKX Can Freeze Your Funds if You Send Them to This Crypto Platform

OKX CEO Star Xu has warned users about the risks surrounding the sanctioned crypto mixer Tornado Cash.

10.08.2024 9:00 1 min. read Kosta Gushterov

Elon Musk’s X With an Important Solution for Consumer Data in Europe

Elon Musk-owned platform X has agreed to stop collecting and processing user data in the European Union (EU).

09.08.2024 19:30 1 min. read Kosta Gushterov

Virtual Banks May be a Better Service Option for Web3 Companies

Hong Kong’s virtual banks are at a pivotal moment, currently holding just 0.3% of all retail banks’ assets and occupying a negligible share of the financial market.

09.08.2024 20:30 1 min. read Kosta Gushterov

How to Protect Yourself From Fed’s “Criminal” Policy, According to Robert Kiyosaki

Robert Kiyosaki, renowned investor and author of the best-selling book “Rich Dad, Poor Dad,” has issued warnings about the actions of the United States government, specifically the Federal Reserve and the Treasury Department.

09.08.2024 17:00 2 min. read Alexander Stefanov

SEC to Appeal Court Ruling in Ripple Case

The SEC is expected to appeal the recent court ruling in favor of Ripple Labs, focusing on the classification of XRP’s secondary sales as securities.

09.08.2024 14:00 1 min. read Alexander Stefanov

Fed Targets Bank Over Risk Management Issues

On Thursday, the U.S. Federal Reserve announced an enforcement action against Customers Bancorp (CUBI.N) due to “significant deficiencies” in the bank’s risk management and anti-money laundering practices.

08.08.2024 19:52 1 min. read Alexander Stefanov

Analyst Predicts Major NFT Comeback This Market Cycle

A prominent crypto analyst predicts a major comeback for the NFT sector in the current market cycle.

08.08.2024 10:00 1 min. read Alexander Stefanov

USA is Dodging Bullets With the Recession, but for How Long?

Concerns about a potential US recession have intensified following a global stock market drop and a weaker-than-expected jobs report.

09.08.2024 9:00 2 min. read Alexander Stefanov

U.S. Recession Risk at 35% Despite Market Volatility, Says JPMorgan CEO

JPMorgan Chase CEO Jamie Dimon recently commented on the US economy, saying that it has “not entered a recession at all” despite the market volatility seen this week.

08.08.2024 15:10 2 min. read Alexander Stefanov

NFT Marketplace to Shut Down Amid Market Challenges

Immutable, a key player in the NFT and blockchain gaming space, is closing its NFT marketplace on August 13, with a full redirection by September 27.

08.08.2024 19:00 1 min. read Alexander Stefanov

Binance Labs Invests in Solana Staking Protocol

Binance Labs, the venture capital division of the world’s largest crypto exchange, has announced a new investment in Solayer, a staking protocol built on the Solana blockchain.

08.08.2024 18:00 1 min. read Alexander Stefanov

Risks of Crypto Donations in Trump’s Campaign

For the first time in a U.S. election, a major political candidate is accepting cryptocurrency donations. Former President Donald Trump has made a surprising pivot, now embracing digital assets and even suggesting that all remaining Bitcoin should be mined in the U.S.

08.08.2024 16:00 2 min. read Alexander Stefanov

Michael Saylor Reveals $1 Billion Bitcoin Holdings

In a recent Bloomberg interview, Michael Saylor, Chairman of MicroStrategy, disclosed that his Bitcoin holdings are valued around $1 billion.

08.08.2024 15:00 2 min. read Alexander Stefanov

Robinhood Reports 40% Revenue Growth and Record Deposits in Q2

Robinhood’s second-quarter earnings showed significant growth, with revenue reaching $682 million, a 40% increase from the previous year.

08.08.2024 12:00 2 min. read Alexander Stefanov

Bank of Japan Sticks to Easing Policy Despite Global Economic Challenges

The Bank of Japan (BoJ) has decided to keep its monetary policy unchanged, avoiding both rate hikes and cuts.

08.08.2024 10:00 1 min. read Alexander Stefanov

Binance’s Latest Tokens Tank: What’s Behind the Massive Losses?

In 2024, Binance has added 30 new tokens to its platform, but the results have been largely underwhelming.

08.08.2024 9:00 1 min. read Alexander Stefanov

Ethereum’s Slump Fuels Memes About Vitalik Buterin’s Love Life

As Ethereum faces recent challenges, the crypto community has found a new target for their frustrations.

08.08.2024 14:00 1 min. read Alexander Stefanov

Irish Data Protection Commission Sues Twitter Over Data Violations

An irish regulator has initiated legal action against Twitter International Unlimited Company, citing violations of EU data protection laws.

08.08.2024 13:00 1 min. read Alexander Stefanov

Cathie Wood’s Ark Invest Buys Coinbase Shares Again

Ark Invest bought another 19,892 shares of Coinbase worth $3.9 million through three of its exchange-traded funds on Tuesday, continuing to rebalance its funds’ holdings after Monday’s market plunge.

07.08.2024 16:30 1 min. read Alexander Stefanov

Hong Kong Virtual Bank Launches Trading With Crypto ETFs

Hong Kong-based virtual bank Mox has introduced crypto exchange-traded funds (ETFs) trading for its clients and is considering a future expansion of spot trading markets.

07.08.2024 21:00 2 min. read Kosta Gushterov

Will the Bank of Japan Raise Interest Rates Amid Market Turmoil?

The Bank of Japan (BOJ) has opted to keep interest rates unchanged due to ongoing global market volatility, according to Deputy Governor Shinichi Uchida.

07.08.2024 16:00 1 min. read Alexander Stefanov

Ripple’s New Partnership Aims to Revolutionize Blockchain in the Middle East

Ripple has teamed up with the DIFC Innovation Hub to accelerate the development of blockchain and digital asset technologies in the UAE.

07.08.2024 18:00 2 min. read Alexander Stefanov

Crypto Crash Sparks Massive Inflows to Binance

Following the sharp market downturn on August 5, 2024, Binance saw a remarkable influx of $1.2 billion, showcasing significant trader activity amid falling cryptocurrency prices.

07.08.2024 14:00 2 min. read Alexander Stefanov

SEC Urges Court to Block Coinbase’s Extensive Document Demand

The U.S. Securities and Exchange Commission (SEC) has asked a New York court to reject Coinbase’s subpoena demanding extensive documentation related to cryptocurrency assets.

07.08.2024 11:30 1 min. read Alexander Stefanov

Warren Buffett Surpasses Federal Reserve in Treasury Bill Holdings

As of August 3, 2024, Berkshire Hathaway owns 4% of all publicly issued T-Bills, significantly more than the Federal Reserve’s $195 billion.

07.08.2024 11:00 1 min. read Alexander Stefanov

Crypto Crash Not Over Yet as Recession Fears Loom, Coinbase Analyst Warns

The cryptocurrency market has been hit hard by a significant crash, with Bitcoin and other digital assets experiencing substantial losses.

07.08.2024 8:30 2 min. read Alexander Stefanov

The Crypto Market Crash May Not be Over – Arthur Hayes

Arthur Hayes, a well-known crypto investor, has forecasted that the markets might soon face another downturn following the recent crash.

06.08.2024 21:00 2 min. read Alexander Stefanov

Japan’s Stock Market Started to Recover After Yesterday’s Crash

Japan’s key Nikkei 225 index rallied more than 10 percent early Tuesday, after its biggest drop in 37 years the previous day.

06.08.2024 12:45 2 min. read Kosta Gushterov

Economist Predicts Major Upside for Crypto and Stocks Despite Recent Corrections

Economist Henrik Zeberg, who has a significant following, remains optimistic about the future of both cryptocurrency and the US stock market, despite recent downturns.

06.08.2024 19:00 2 min. read Alexander Stefanov

India Demands $86 Million from Binance for Taxes

India’s Directorate General of GST Intelligence (DGGI) has issued a notice to Binance, demanding a payment of about $86 million for Goods and Services Tax (GST).

06.08.2024 16:00 1 min. read Alexander Stefanov

Elon Musk vs. OpenAI: The Legal Feud Returns

Elon Musk has reignited his legal battle with OpenAI and its CEO, Sam Altman, by filing a new lawsuit on August 5 in California. This follows Musk’s earlier decision to drop a similar case in June.

06.08.2024 11:00 1 min. read Alexander Stefanov

Donald Trump Blames Biden Administration for Recent Market Crash

Financial markets are in chaos, with Donald Trump attributing the crash to Kamala Harris and the Biden administration.

06.08.2024 10:30 1 min. read Alexander Stefanov

Market Volatility Hits Highest Level Since COVID Crash

The cryptocurrency market reacted swiftly to the global economic downturn over the weekend, with predictions of continued instability.

06.08.2024 7:30 2 min. read Alexander Stefanov

Fed Should Cut Rates by 0.75% Immediately, According to Expert

During an interview on CNBC, Wharton’s Professor Jeremey Siegel, who is also the Chief Economist at WisdomTree calls for 0.75% emergency rate cut by the FED.

05.08.2024 15:53 1 min. read Alexander Stefanov

U.S. Market Loses $2 Trillion as Major S&P 500 Stocks Decline

A recent analysis reveals that significant declines in just 10 S&P 500 stocks, including major players like Nvidia, Microsoft, and Amazon, have erased over $2 trillion from investor portfolios since mid-July.

05.08.2024 17:15 1 min. read Alexander Stefanov

US Government May Return Seized Bitcoin to Bitfinex, Analyst Suggests

A prominent on-chain analyst predicts that the US government might eventually return up to 100,000 seized Bitcoin to their original owners.

05.08.2024 22:00 1 min. read Alexander Stefanov

Tron Founder Allocates $1 Billion to Support Crypto Industry Amid Market Turmoil

After a dramatic $1 billion liquidation wave among leveraged crypto traders in the past 24 hours, Justin Sun, the founder of Tron (TRX), has unveiled a major relief initiative.

05.08.2024 21:00 1 min. read Alexander Stefanov

Berkshire Hathaway’s Cash Reserves Hit Record $277 Billion

Berkshire Hathaway, led by Warren Buffett, saw a 15% rise in after-tax operating profits for the latest quarter, driven by substantial gains from its investment in Apple.

05.08.2024 16:30 1 min. read Alexander Stefanov

Binance CEO Gave Investors Hope as Global Markets Crash

Today is a dark day for the global finanace as every market experienced a significan crash – from the U.S. and Japanese stock markets to crypto.

05.08.2024 14:03 1 min. read Alexander Stefanov

Fed Allegedly Calls Emergency Meeting Amid Global Market Turmoil

The U.S. Federal Reserve has called for an emergency meeting to address the recent dramatic downturn in global markets.

05.08.2024 13:07 2 min. read Alexander Stefanov

Robinhood Halted 24-Hour Trading In Response to Market Volatility

Robinhood has suspended its 24-hour trading feature in response to increased market volatility.

05.08.2024 10:15 1 min. read Kosta Gushterov

Crypto Company Shook the Market by Transfering Hundreds of Millions

As asset prices in the crypto industry continue to plummet, Bitcoin has managed to fall below $60,000. Blockchain data testifies that Jump Crypto liquidated hundreds of millions of dollars in crypto assets.

05.08.2024 12:00 2 min. read Alexander Stefanov

Ripple Added New Info About RLUSD on its Official Website

Ripple Labs. recently added on its official website details about its upcoming stable coin that will be released later this year.

05.08.2024 11:00 1 min. read Alexander Stefanov

Kamala Harris Hires Former Binance Advisor to Campaign Team

U.S. presidential candidate Kamala Harris is reportedly expanding her campaign team by adding a former Binance advisor.

05.08.2024 9:30 2 min. read Alexander Stefanov

Analysts Predict Gold Rally Amid Rising Recession Fears

On Friday, August 2, gold (XAU/USD) hit $2,477 per ounce, nearing its previous high of $2,483 from July 17.

05.08.2024 8:30 2 min. read Alexander Stefanov

Argentina Creates Unit That Will Use AI to Detect Future Crimes

Argentina has formed the Applied Artificial Intelligence for Security (UIAAS) unit to use AI to prevent crimes.

04.08.2024 17:15 1 min. read Alexander Stefanov

White House and Crypto Leaders to Join Virtual Roundtable on Digital Assets

Leaders from the crypto industry and the White House are gearing up for a virtual roundtable on digital asset policy, organized by Representative Ro Khanna.

04.08.2024 13:00 1 min. read Alexander Stefanov

Crypto Market on Edge: Warning Signs of an Imminent Collapse

Henrik Zeberg, a well-known trader and analyst who runs The Zeberg Report, has reiterated his prediction of a major economic downturn, the worst since the 1929 Great Depression.

04.08.2024 10:00 1 min. read Alexander Stefanov

Berkshire Hathaway’s Record $277 Billion Cash Reserve Amid Massive Stock Sales

Investment giant Berkshire Hathaway is currently holding a historic $277 billion in cash amid economic uncertainties.

04.08.2024 9:00 1 min. read Alexander Stefanov

Microsoft-OpenAI: A Complex Mix of Rivalry and Partnership

In a recent SEC filing, Microsoft has depicted its relationship with OpenAI as a mix of both competition and partnership.

04.08.2024 12:00 2 min. read Alexander Stefanov

BRICS: Bitcoin-Friendly Country Could Join the Alliance

The BRICS alliance is increasingly attracting new members from around the world who are willing to join the bloc and abandon the use of the US dollar for trade.

03.08.2024 21:00 2 min. read Alexander Stefanov

Robert Kiyosaki Sees Market Crash as Opportunity for Wealth Growth

Financial expert Robert Kiyosaki, author of “Rich Dad Poor Dad,” recently addressed his followers on the X platform about the current market conditions.

03.08.2024 18:00 1 min. read Alexander Stefanov

Coinbase Refutes Allegations of Campaign Finance Misconduct

Crypto exchange Coinbase has dismissed allegations that it violated campaign finance regulations.

03.08.2024 13:00 1 min. read Alexander Stefanov

Trump’s Chances in Presidential Race Dwindle, According to Prediction Platform

Donald Trump’s chances of winning the U.S. presidential election have dropped to 54% in the Polymarket prediction platform from 72% in July.

03.08.2024 10:00 1 min. read Alexander Stefanov

Bybit to Halt Services in France Due to New Regulations

Bybit, a major cryptocurrency exchange, halted all services and products in France, starting today.

03.08.2024 8:00 1 min. read Alexander Stefanov