Latest Market News

May 25
EURGBP Wave Analysis – 25 May, 2022

• EURGBP reversed from resistance level 0.8590• Likely to fall to support level 0.8450 EURGBP currency pair recently reversed down from the key resistance level 0.8590 (which has been reversing the price from last November) strengthened by the upper daily Bollinger Band. The downward reversal from the resistance level 0.8590 is currently forming the daily […]

May 25
WEF 2022: Satoshi Nakamoto could be a woman, says Meta VP Nicola Mendelsohn

GBBC’s CEO also highlighted the need for female representation in crypto trading and claimed “bro culture” is prevalent. 1882 Total views 20 Total shares The fourth day of the ongoing World Economic Forum saw major discussion around the role of women in Web3 and how the decentralized ecosystem can be a place for inclusivity. Women […]

May 25
Lilly proposes two new manufacturing sites in Indiana

Eli Lilly & Co. Inc. LLY, +0.18% said Wednesday that it plans to invest $2.1 billion in two new manufacturing sites in Indiana. The proposed sites are expected to create 500 jobs for Lilly workers. The company’s stock is up 10.8% for the year, while the broader S&P 500 SPX, +0.17% has declined 17.3%. Source: […]

May 25
Bitcoin ‘finally’ due for $32.8K as long-term BTC price metric flashes overvalued

Bitcoin (BTC) briefly returned to $30,000 before the May 25 Wall Street open as range adherence lingered. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Trader: BTC should challenge 2-week highs Data from Cointelegraph Markets Pro and TradingView showed BTC/USD managing to hit $30,189 on Bitstamp before consolidating back under the $30,000 mark. While appearing uninspiring […]

May 25
Proxy research firm ISS opposes Shopify issuance of founder share to CEO

Proxy research firm Institutional Shareholder Services is recommending against a proposed by Shopify Inc. SHOP, +1.19% to issue one founder share to its CEO Tobi Lütke, Barron’s reported on Wednesday. Combined with other securities at the internet commerce company, the founder share would help Lütke hold 40% of the total voting power of all of […]

May 25
WEF 2022, May 25: Latest updates from the Cointelegraph Davos team

Disclaimer: This article is being updated all day long. All timestamps are in the UTC time zone, with updates in reverse order (the latest update is placed at the top). WEF 2022, the first in-person World Economic Forum event since the pandemic started, continues to bridge traditional finance with the future of money on its […]