Latest Market News

Aug 10
DeFi needs a ‘killer app’ to go next level, says Ripple exec

A panel at the Blockchain Futurist Conference was asked about the future of decentralized finance and what was needed to be done to bring about mainstream adoption. 519 Total views 9 Total shares A “killer app” for consumers is what will be needed to bring the decentralized finance (DeFi) sector to a level that draws […]

Aug 10
Biden White House says it wasn’t given heads-up about FBI’s raid of Trump’s Florida home

Published: Aug. 9, 2022 at 3:20 p.m. ET President Joe Biden was not aware that the FBI would search former President Donald Trump’s Mar-a-Lago home in Florida late Monday, White House press secretary Karine Jean-Pierre said on Tuesday. “No one at the White House was given a heads-up,” she told reporters during a press briefing. […]

Aug 10
Tether also confirms its throwing weight behind the post-Merge Ethereum

We believe that a smooth transition is essential for the long-term health of the DeFi ecosystem and its platforms, including those using our tokens,” Tether stated. 798 Total views 8 Total shares Hot on the heels of an official announcement from USD Coin (USDC) issuer Circle Pay, stablecoin giant Tether has now also officially confirmed […]

Aug 10
S&P 500 posts 4th day of declines, stocks slump as investors wait on inflation report

U.S. stocks finished lower Tuesday, with the Nasdaq Composite leading the way down, as investors await a fresh inflation report to help gauge if the Federal Reserve’s aggressive pace of rate hikes in 2022 has begun to cool the cost of living, pegged at a 41-year high in June. The Dow Jones Industrial Average DJIA, […]

Aug 10
Coinbase posts $1.1B loss in Q2 on ‘fast and furious’ crypto downturn

Crypto exchange giant Coinbase has cited a “fast and furious” downturn of the crypto markets as the reasons behind a staggering $1.1 billion net loss in the second quarter of 2022, which also saw trading volume and transaction revenue tumbling.  It’s the second consecutive quarter of loss for the crypto company and the largest loss […]

Aug 10
FDA grants emergency authorization allowing monkeypox vaccine by intradermal injection

The Food and Drug Administration granted an emergency authorization that allows healthcare providers to give out the Jynneos monkeypox vaccine to adults intradermally instead of subcutaneously. Injecting the vaccine into an upper layer of the skin is expected to allow more doses of the vaccine developed by Bavarian Nordic BVNRY, -5.97% to be made available […]