Day: May 4, 2022

May 04
Ape-themed airdrop phishing scams are on the rise, experts warn

As the crypto community notices and calls out such scams, the fraudsters tend to turn off replies to their tweets to prevent being exposed as scammers. 1953 Total views 48 Total shares Cybersecurity experts identified and disclosed the rising popularity of airdrop phishing among crypto and nonfungible token (NFT) scammers. Airdrops serve as an essential […]

May 04
WHO confirms BA.4 and BA.5 omicron subvariants behind South Africa COVID case surge but too early to know more

The World Health Organization said Wednesday that two new subvariants of the omicron variant of the coronavirus that causes COVID-19 are behind a spike in cases in South Africa, but there’s too little data yet to know if they are more lethal than other variants. The two, dubbed BA.4 and BA.5, ” have acquired a […]

May 04
European watchdog lists crypto next to lawyers, accountants as an AML threat

The annual supervision report from MONEYVAL concluded that 18 of the 22 jurisdictions have an insufficient level of compliance with AML standards. 571 Total views 37 Total shares Europe’s Anti-Money Laundering and Combatting the Financing of Terrorism (AML/CFT)  watchdog, MONEYVAL, has listed monitoring the crypto sector along with “gatekeeper” professionals, such as lawyers and accountants, […]

May 04
Revolve stock plunges on concerns about decelerating growth

Revolve Group Inc. RVLV, -23.19% shares plunged 23.7% in Wednesday trading as fears mount about the company’s decelerating growth. Revolve, which targets a millennial and Gen Z shopper, reported first-quarter net income of $22.6 million, or 30 cents per share, up from $22.3 million, or 30 cents per share, last year. Sales of $283.5 million […]

May 04
Virginian county wants to put pension funds into DeFi yield farming

The next few days will see a decision made, which if approved would be the first time pension fund money was used in decentralized finance. 836 Total views 33 Total shares The Northern Virginia county of Fairfax has already invested a part of its pension funds in crypto and blockchain startups. Now, it’s mulling over […]

May 04
DiDi’s stock selloff after SEC probe disclosure weighs on U.S.-listed shares of other China-based companies

A selloff in DiDi Global Inc.’s stock DIDI, +1.01%, after the China-based ride-hailing company disclosed a Securities and Exchange Commission probe into its June 2021 initial public offering, sent other U.S.-listed shares of China-based companies lower. DiDi’s stock dropped 4.0% in premarket trading. The company’s shareholders are set to vote on May 23 on the […]

May 04
Greenlight Credit Limited (trading as Varooma) enters administration

On 3 May 2022, Greenlight Credit Limited, trading as Varooma, went into administration. Martin Charles Armstrong and Andrew Richard Bailey of Turpin Barker Armstrong were appointed as Joint Administrators.  Greenlight Credit Limited, trading as Varooma, is a high-cost lender which provides customers with logbook loans secured on the customer’s vehicle. With Logbook lending, the lender […]

May 04
Forex Technical Analysis & Forecast for May 2022

EURUSD, “Euro vs US Dollar” As we can see in the daily chart, having completed the correction at 1.1800, rebounded from it to the downside, and then finished another descending wave towards 1.0835, EURUSD has broken the downside border of the consolidation range around the latter level to reach the short-term target at 1.0494. Possibly, […]

May 04
The cryptocurrency market digest (BTC). Overview for 04.05.2022

On Wednesday, the BTC is balancing at $38,800. Everyone is waiting. The US Fed’s 2-day meeting will be over later today and the regulator is expected to raise the rate. 100%. The question is – by how much? Average market expectations imply a 50-point hike, yup to 0.75-1.00%. this has already been included in prices, […]

May 04
Dow Jones Wave Analysis – 4 May, 2022

• Dow Jones reversed from support level 32460.00• Likely to rise to resistance level 35000.00 Dow Jones recently reversed up from the key support level 32460.00 (which has been reversing the index from the start of this year), standing near the lower weekly Bollinger Band. The support area near the support level 32460.00 was further […]