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The government agency said that while deposits at insured banks were covered for up to $250,000, no such protections applied to those at crypto companies. 1767 Total views 34 Total shares The United States Federal Deposit Insurance Corporation, or FDIC, has issued an advisory informing the public it “does not insure assets issued by non-bank […]
Benchmark analyst Mike Hickey on Friday downgraded Tilray Brands Inc. TLRY, to sell and set a price target of $3 a share after the cannabis company disclosed retail market share losses in Canada to 8.3% in its fiscal fourth quarter, from 10.2% in the third quarter and 12.8% in the second quarter. “We are not […]
According to Dubai officials, the subsidiary’s operations will serve as a regulatory trial for future commercial services using virtual assets. 830 Total views 26 Total shares On Friday, FZE, a subsidiary of crypto exchange FTX, was awarded Dubai’s first Minimal Viable Product (MVP) license, allowing full operation of the exchange in the region. Dubai’s Virtual […]
U.S. stocks are trading higher Friday morning, with all three major benchmarks heading for weekly gains as investors weigh the latest inflation reading as well as earnings results from Apple Inc. and Amazon.com Inc. The Dow Jones Industrial Average DJIA, +0.97% was trading up 0.1% soon after the opening bell, while the S&P 500 SPX, […]
Held at Hilton Bomonti, a fancy hotel next to a renovated and repurposed beer factory in Istanbul, the fourth iteration of the Blockchain Economy Summit 2022 (BE2022) proved to be a significant step-up compared to its pre-pandemic predecessors. The previous summit, BE2020, was held at the WOW Convention Center two years back. In addition to […]
TrueCar Inc. TRUE, -1.53%, the online used and new car buying and selling company, said it expects total new vehicle sales of 1.12 million vehicles in July, down 10% from a year ago and down 2% from June, when adjusted for the same number of selling days. The company also estimates the seasonally adjusted annualized […]