David Marcus, Facebook’s former Head of Messenger and Head of Crypto (more specifically, the Head of the Novi digital wallet), is now focused exclusively on Bitcoin. Between May 2018 and December 2021, Marcus was working at Meta Platforms, Inc. (previously known as Facebook, Inc.) on the Novi digital wallet project. […]

(Adds Data) Here is a snapshot of the world markets at this hour across stocks, currencies, bonds, commodities and cryptocurrencies. Asian stock markets moved mixed. The Wall Street Futures are trading in positive territory. European stocks are trading near the flatline amidst renewed concerns on the macro-economic scenario and ahead […]

In a newly published research report, Nasdaq-listed cryptocurrency exchange Coinbase has suggested that the recent Bitcoin ($BTC) sell-off has been “almost exclusively” been carried out by short-term speculators, rather than by long-term holders. In its report, Coinbase noted that its on-chain data suggests those holding BTC for six months or […]

Cryptocurrencies rallied more than 4 percent early on Monday to scale the $1 trillion mark in market capitalization, after a gap of more than a month. Receding fears of a 100-basis points rate hike by the Fed, the Dollar’s retreat from recent peaks and the momentum in the stock markets […]

Financial freedom show “InvestAnswers” says that Bitcoin is probably the best to “hedge your portfolio right now.” In a video released on July 10, the anonymous host of InvestAnswers told the 442K subscribers of YouTube channel “InvestAnswers” that the world’s economy is in a precarious position. The host dismissed claims […]

Summary: Elon Musk’s lawyers are looking to push the lawsuit Twitter filed against him to February 2023. Twitter has been pushing for a speedy trial stating that it only needed four days to prove that Elon Musk should follow through with his agreement to buy the company at $44 billion. […]

China’s GDP growth falling below expectations and an abatement in worries of a massive rate hike by the Fed were some of the headlines that shaped market sentiment in Friday’s trade. Asian stock markets moved mixed. The Wall Street Futures are trading in mildly positive territory. European stocks are trading […]

Berkshire Hathaway’s vice chairman, Charlie Munger, has said investing in cryptocurrencies is “almost insane” after suggesting that the cryptocurrency space is a “mass folly” and that the only correct approach to it is “total avoidance.” During an interview with the Australian Financial Review, Warren Buffett’s long-time collaborator Munger said that […]

Cryptocurrency market capitalization dropped to $854 billion, amidst data from the U.S. showing the consumer price inflation for the month of June touching a fresh forty-year high of 9.1 percent. Consensus estimates for the reading were at 8.8 percent, versus 8.6 percent in the month of May. The core CPI, […]

Shares of industrial and construction supplies distributor Fastenal Company (FAST) are falling more than 4% in the morning trade on Wednesday after the company’s second-quarter sales missed analysts’ view. Net sales for the quarter increased to $1.779 billion from $1.508 billion a year ago, but missed the average estimate of […]