Category: Uncategorized

May 23
Do Kwon shares LUNA burn address but warns ‘LUNAtics’ against using it

Upon a persistent request from the Terra community, Kwon went against his initial plan and publicly shared a burn address for LUNA on May 21. 839 Total views 4 Total shares The recent Terra revival plan announced by Do Kwon, the co-founder and CEO of Terraform Labs, received mixed reactions as many questioned the effectiveness […]

Jan 06
Ethereum dominates among developers but competitors growing faster

The Ethereum ecosystem still has far more developers than rival networks, but they are catching up with a faster rate of growth. Ethereum competitors such as Polkadot, Solana, and Binance Smart Chain are growing faster in terms of development activity according to crypto research firm Electric Capital which released its findings on the blockchain development […]

Jan 06
Pfizer upgraded to buy at BofA as Paxlovid likely to offset patent expiration concerns

Shares of Pfizer Inc. PFE, +2.02% rallied 2.5% in afternoon trading Wednesday, after BofA Securities analyst Geoff Meacham turned bullish on the drug maker, saying its COVID-19 pill Paxlovid could alleviate concerns over a “cluster of patent expirations” starting in 2025. Meacham raised his rating to buy, after being at neutral since he started covering […]

Jan 06
Raoul Pal says 'reasonable chance' crypto market cap could 100X by 2030

“I think there’s a reasonable chance of this being a $250 trillion asset class, which is 100x from here,” said Raoul Pal. 3702 Total views 62 Total shares Former Goldman Sachs hedge fund manager and Real Vision CEO Raoul Pal thinks that the crypto market cap could increase 100X by the end of this decade. […]

Jan 06
Dow industrials turn south as minutes imply Fed could tighten financial conditions sooner and faster in 2022

U.S. stock benchmarks took a turn lower and losses deepened for the Nasdaq Composite Wednesday afternoon after minutes from the Dec. 14-15 meeting of the Federal Open Market Committee, released at 2 p.m. ET, indicated that policy makers could tighten financial conditions sooner and faster than market participants had anticipated. At the meeting, the Fed […]

Jan 06
Aave launches its permissioned pool Aave Arc, with 30 institutions set to join

The lending platform added a permissioned liquidity pool to its other decentralized offerings as a way to entice institutional participants to have regulatory compliance in DeFi. 1237 Total views 22 Total shares Decentralized lending platform Aave has launched its permissioned lending and liquidity service Aave Arc to help institutions participate in regulation-compliant decentralized finance. As […]

Jan 06
Del Taco launches value menu, “20 Under $2”

Del Taco Restaurants Inc. TACO, +0.40% launched its new value menu of food and beverages, “20 Under $2” on Wednesday. The menu includes new items like the Chipotle Chicken Taco, Snack Queso Quesadilla and Strawberry Sprite. “We know our guests are concerned about rising gasoline prices and overall inflation, and that’s why we think this […]

Jan 06
Why Kevin O'Leary thinks NFTs could become bigger than Bitcoin

Despite betting that NFTs will surpass Bitcoin, Kevin O’Leary said he will hedge his bets and invest on “both sides” of the equation. 88 Total views 12 Total shares Millionaire investor and crypto proponent Kevin O’Leary thinks that the NFT sector could be worth more than Bitcoin in the future. Speaking with CNBC’s Capital Connection […]

Jan 06
FuelCell Energy stock leads fuel cell peers in losses, after tepid endorsement from KeyBanc analyst

Shares of FuelCell Energy Inc. FCEL, -9.52% sank 8.8% in afternoon trading Wednesday, to lead its fuel cell peers in losses, after a relatively tepid endorsement of the fuel cell company by KeyBanc Capital analyst Leo Mariani, who cited smaller revenue and less visibility on near-term growth compared with its peers. And while Mariani is […]

Jan 06
Moneygram buys 4% stake in crypto ATM operator Coinme

The investment follows a May 2021 partnership between the two firms aimed at expanding access to crypto-fiat exchanges. 1496 Total views 38 Total shares Money transmission network MoneyGram now has a minority investment in crypto ATM operator Coinme following a Series A funding round. In a Wednesday announcement, MoneyGram said it had purchased a roughly […]