Day: May 25, 2022

May 25
Sam Bankman-Fried could spend up to $1B in 2024 to thwart Trump comeback

The FTX founder said he’d spend “north of $100 million” with a “soft ceiling” of $1 billion and added “who knows what’s going to happen between now and then.” 2606 Total views 29 Total shares The billionaire founder and CEO of the FTX cryptocurrency exchange Sam Bankman-Fried has revealed he intends to spend anywhere between […]

May 25
Nautilus stock plunges after disappointing outlook, and Peloton shares also fall

Shares of Nautilus Inc. NLS, -19.12% plunged 20.5% in morning trading, putting them on track for the lowest close since March 2020, after the exercise equipment and digital fitness company swung to a fiscal fourth-quarter loss, as revenue that fell sharply from a year ago while gross margins were more than halved. The company also […]

May 25
DAX, H4 | Potential Bullish Momentum

Type: Bullish BreakoutKey Levels:Resistance: 14609Pivot: 14149Support: 13735Preferred Case:On the H4, with price moving above the ichimoku indicator, we have a bullish bias that price may reverse and rise from our pivot at 14149 overlap support in line with 50% fibonacci retracement, to our 1st resistance at 14609 in line with the 100% fibonacci projection and […]

May 25
NZDUSD, H4 | Potential Bullish Continuation

Type: Bullish BounceKey Levels:Resistance: 0.65474Pivot: 0.64133Support: 0.62898Preferred Case:On the H4, with price moving above the Ichimoku cloud and price breakout from the descending trendline, we have a bullish bias that price will rise to our 1st resistance at 0.65474 where the 38.2% Fibonacci retracement and horizontal swing high resistance are from our pivot at 0.64133 […]

May 25
Cryptosat’s first nanosatellite blasts off Wednesday on SpaceX rocket

If all goes to plan Wednesday’s SpaceX rocket launch in Florida will blast a “crypto-satellite” into low Earth orbit, paving the way for secure blockchain-related cryptography in space Cryptosat, as the name hints, is the company which created “Crypto1”, a crypto-satellite module hitching a ride aboard a Falcon 9 rocket for SpaceX’s Transporter 5 mission. […]

May 25
Gold finishes up about 1% Tuesday, book highest close in 2 weeks

Gold futures closed higher Tuesday, scoring a fourth straight session of gains, as weaker U.S. economic data rattled the stock market and put a shine back on the precious metal. Gold for June delivery GCM22, -0.24% GC00, -0.24% added $17.60, or 1%, to settle at $1,865.40 an once on Comex. “Gold should remain supported as […]

May 25
Could GameFi and carbon currencies reverse blockchain’s climate stigma?

Toucan Protocol’s Rob Schmitt believes blockchain gaming could have a much better environmental reputation if games integrated carbon offsets. 228 Total views 27 Total shares Nonfungible tokens (NFT) and blockchain technology have developed an unfortunate stigma in some sections of the community for being bad for the environment — but could that perception be changed […]

May 25
Dow ekes out gain Tuesday, but Nasdaq leads losses tied to tech selloff

Major U.S. stock indexes closed mixed Tuesday in choppy trade punctuated by another sharp selloff in the internet sector. The Dow Jones Industrial Average DJIA, +0.15% swung to a slight gain late in the session, adding about 50 points, or 0.2%, to end near 31,931. The main action resided in the tech-heavy Nasdaq Composite Index […]

May 25
Weak stocks and declining DeFi use continue to weigh on Ethereum price

Ether’s (ETH) 12-hour closing price has been respecting a tight $1,910 to $2,150 range for twelve days, but oddly enough, these 13% oscillations have been enough to liquidate an aggregate of $495 million in futures contracts since May 13, according to data from Coinglass. Ether/USD 12-hour price at Kraken. Source: TradingView The worsening market conditions […]

May 25
FTC launches probe into ongoing baby-formula shortage

Published: May 24, 2022 at 4:14 p.m. ET The Federal Trade Commission on Tuesday announced that it has launched an inquiry in the ongoing U.S. baby-formula shortage. “The inquiry seeks information about the nature and prevalence of any deceptive, fraudulent, or otherwise unfair business practices aimed at taking advantage of families during this shortage,” the […]