Day: September 26, 2022

Sep 26
Purple Innovation stock falls after adopting ‘poison pill’ in response to unsolicited buyout bid from large shareholder

Shares of Purple Innovation Inc. PRPL, +2.30% sank 4.5% in premarket trading Monday, after the mattress maker said it adopted a shareholders rights plan, in an effort to buy time to evaluate the unsolicited buyout bid by large shareholder Coliseum Capital Management LLC. The rights plan, also known as a “poison pill,” was adopted on […]

Sep 26
China GPU prices drop to new lows after the Ethereum Merge

The Nvidia GeForce RTX 3080’s price dropped from $1118, or 8,000 yuan, to 5,000 yuan within three months, according to a Chinese merchant. 254 Total views 4 Total shares As the Ethereum network’s move to a proof-of-stake (PoS) consensus mechanism drives adoption from institutional investors, the prices for graphics processing units (GPUs), often used for […]

Sep 26
Ichimoku Cloud Analysis 26.09.2022 (EURUSD, XAUUSD, NZDUSD)

EURUSD, “Euro vs US Dollar” EURUSD is correcting inside the bearish channel. The instrument is currently moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test Tenkan-Sen at 0.9705 and then resume moving downwards to reach 0.9310. Another signal in favour of a further downtrend will be […]

Sep 26
Forex Technical Analysis & Forecast 26.09.2022

EURUSD, “Euro vs US Dollar” After completing the descending wave at 0.9700 and then forming a new consolidation range around this level, EURUSD has broken it to the downside to finish another descending structure towards 0.9555. Today, the pair may correct to test 0.9700 from below and then resume falling with the target at 0.9490, […]

Sep 26
Blockchain firm sues Coinbase for $350M alleging patent infringement

The plaintiff, Veritaseum believes that other centralized and decentralized crypto exchanges may have also unlawfully used the patent to facilitate crypto payments, trading and staking services. 1549 Total views 30 Total shares Crypto exchange Coinbase has found itself in legal hot water after being accused by blockchain-based software firm Veritaseum Capital of infringing on a […]

Sep 26
Disney seeks corporate lawyer for ’emerging technologies’ and NFTs

The role includes “full product life cycle legal advice and support for global NFT products,” among other responsibilities. 1001 Total views 28 Total shares The Walt Disney Company could be on the verge of expanding into the crypto space after posting a new job for an “experienced corporate attorney” to work on “emerging technologies” such as nonfungible […]

Sep 26
Reversible transactions could mitigate crypto theft — Researchers

Stanford University researchers have come up with a prototype for “reversible transactions” on Ethereum, arguing it could be a solution to reduce the impact of crypto theft. In a Sept. 25 tweet, Stanford University blockchain researcher Kaili Wang shared a run down of the Ethereum-based reversible token idea, noting that at this stage it is […]

Sep 26
Breaking: Interpol ‘Red Notice’ issued for Do Kwon — South Korea prosecutors

The Terraform Labs co-founder faces charges in South Korea relating to the crash of the Terra ecosystems’ cryptocurrencies. 57 Total views 1 Total shares Interpol has reportedly issued a “Red Notice” to law enforcement worldwide for the arrest of Terraform Labs co-founder Do Kwon. South Korean prosecutors in Seoul on Monday told Bloomberg the international […]

Sep 26
1M Aussies will enter crypto over the next 12 months — Swyftx survey

Approximately one million Australians will purchase cryptocurrency for the first time over the next 12 months — bringing total crypto ownership in the country to over five million — according to a newly released survey. The findings came from the second Annual Australian Crypto Survey by Australian crypto exchange Swyftx, which was conducted by research […]