Day: June 12, 2022
The key event next week will be the Fed meeting on Wednesday. The central bank will release an updated dot plot, which will reflect the FOMC’s expectations for the path of the interest rate next year, as well as in the long term. This will probably be the most significant information for markets. With inflation […]
Bitcoin (BTC) ATM installations have marked a new comeback as June 2022 saw the reversal of the five-month-long downward trajectory for the first time this year. The global ATM installations worldwide fell consistently throughout the year, with May reporting the lowest number of 205 ATM installations. However, June saw the installation of over 882 ATMs […]
Bitcoin (BTC) dropped to two-week lows on June 11 as the week’s Wall Street trading ended with bears in control. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView U.S. inflation print proves setback Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it reached $28,528 on Bitstamp, its lowest since May 28. The pair had […]
Being in crypto is all about taking an intelligent view towards money. We know that Bitcoin (BTC) is the future, both as a store of value and also as a means of payment, as layer 2 solutions such as the Lightning Network begin to flourish. It is, therefore, vital that every cryptocurrency user makes sure […]
The Carbon Bankroll Report was released on May 17 as a collaboration among the Climate Safe Lending Network, The Outdoor Policy Outfit and Bank FWD. The collaboration made it possible to calculate the emissions generated due to a company’s cash and investments, such as cash, cash equivalents and marketable securities. The report revealed that for […]
The rumor surfaced after a Twitter thread by @FatManTerra shared the alleged details on how Kwon, along with Terra influencers, managed to drain funds while artificially maintaining the liquidity. 1904 Total views 5 Total shares Do Kwon, the CEO and co-founder of the infamous Terra (LUNA) and TerraUSD (UST) ecosystems, refuted the claims of cashing […]
Fortinet Inc. FTNT, -5.00% said Thursday that it plans to implement the previously disclosed five-for-one stock split on June 22. The split is contingent on shareholders approving at the June 17 annual meeting a proposal to increase the number of shares outstanding so the split could take effect. The plans for the stock split were […]
U.S. stocks opened lower Thursday, losing ground as yields on Treasurys and other government bonds rose after the European Central Bank affirmed it will begin lifting interest rates in July. The Dow Jones Industrial Average DJIA, -2.73% fell 150 points, or 0.5% while the S&P 500 SPX, -2.91% fell 18 points, or 0.4%, and the […]
Consumer prices (CPI index) in the US rose by 8.6% in May compared to the same month last year, according to data from the Department of Labor. This is the highest growth rate since December 1981. Thus, inflation has accelerated compared to 8.3% in April. Analysts polled by Bloomberg had expected consumer prices to rise […]
Amazon.com Inc. AMZN, -5.60% announced the launch of Virtual Try-On for Shoes during Thursday premarket hours. The service will allow shoppers to use augmented reality (AR) to see how a shoe will look from different angles. For those using iOS in the U.S. and Canada, the service will be available for a variety of sneaker […]