Latest News
Our news section is a meticulously compiled repository of the latest events, updates, and emerging trends spanning the dynamic industries of Liquidity, Forex, Cryptocurrency, and FinTech and serves as an informative platform for those seeking to keep up-to-date with the rapidly evolving landscapes of these sectors. This curated collection acts as a hub, capturing the pulse of these industries and ensuring our readers are always at the forefront of the latest developments.
Yes, NFTs Can Be Taxed, Too
According to industry publication DappRadar, collectors went on a buying spree for non-fungible tokens, or NFTs, last year, pushing sales up to $24.9 billion in 2020 from $94.9 million in 2020, and many are only now realizing that an unexpected guest wants in on the fun: the Internal Revenue Service.
Crypto
Instagram is Testing an AI Face-Scanning Tool That Can Verify Your Age
Instagram requires three of the user's mutual followers to verify their age as part of the social vouching method. They have three days to react, and the followers must be at least 18 years old. Users can still prove their age by uploading images of their ID cards.
Companies
Ethereum Mining Is Going Away, and Miners Are Not Happy
The recent crypto market crash has been tough on those whose financial well-being is linked to digital currencies. As of June 15, Ether prices have fallen by around 70% since the start of the year. This is made worse by the so-called "Merge," which is set to end Ethereum mining and cut off income for up to 1 million people.
Crypto
‘Buy With Prime’ Could Help Amazon Extend Dominance in Online Commerce
According to a sum-of-the-parts valuation exercise, Amazon Web Services may account for as much as 80% of the company's current valuation. This would mean that investors have the opportunity to buy the rest of the business at a significant discount.
Companies
Crypto Debacle at Celsius Rattles Market Already Shaken by Terra
In May's collapse of the TerraUSD (UST) stablecoin and its sister token Luna captivated the attention of investors, but one of the main attractions of the project had been its promise of a 20% interest rate on UST deposits to Terra's blockchain-based lending project Anchor.
Crypto
Bitcoin Prices Slide Below $30,000. Inflation Data Bring More Pain to Cryptos
The S&P 500 Index sank 2.4 percent on Thursday, while the Nasdaq dropped almost 3 percent. Cryptocurrencies should, in principle, trade autonomously of traditional financial markets, but they have mostly proven to be connected with other assets, such as stocks or commodities.
Crypto
Credit Suisse Weighs New Job Cuts Round After Loss Warning
After the lender's shares fell by about 7.6% in the wake of the profit warning, the stock recovered and advanced as high as 5.8% following a report on the Swiss blog Inside Paradeplatz in which an unnamed insider cited that State Street Corp. may make an offer to buy Credit Suisse.
Banks and Finance
The Dow Is Dipping, Alibaba Is Jumping — and What Else Is Happening in the Stock Market Today
Stocks on the Nasdaq are being bought up partially because their earnings are less vulnerable to swings in economic demand, which might weaken as interest rates increase. Higher long-term bond rates, to be sure, put a bigger hole in tech values, but those rates haven't yet broken out to new highs.
Stocks
The Hotel in Dubai now Accepts Cryptocurrency Payments
Many other Dubai food and beverages service operators have started integrating crypto payments over the past few months. As the regulatory framework starts to provide more clarity, there remains a high possibility that many other service operators might join the crypto bandwagon.
Crypto
How to Invest in Companies Targeting the Water Crisis
"Lack of clean water will define the 21st century in much the same way fossil fuels did for the 20th century," explains Matthew Diserio, president of Water Asset Management, which oversees public and private equity funds. "The oil and gas industry provided many investment opportunities back then."
Companies
Back to the Future: The DeLorean Returns as the All-Electric Alpha5
The DeLorean Motor Company (DMC) was founded in 1975 by John DeLorean, a General Motors star known for his work at Pontiac, and closed its doors in 1982 following a turbulent run. Only 9,000 of the stainless steel-bodied, gullwing-doored DMC-12 were made by the manufacturer.
Banks and Finance
Elon Musk Feels ‘Super Bad’ About Economy, Needs to Cut 10% of Tesla Jobs
A number of business leaders recently began warning about the possibility of a recession, and the Tesla CEO's message on Thursday, "Pause all hiring around the world," comes after he told employees to return to work or leave it.
Companies
Swift and CapGemini Work on CBDC Gateway to Existing Payment Networks
In a recent experiment in the previous year, in a world first, Swift has successfully completed a cross-border transaction between one entity on a DLT-based CBDC network and another on a well-established real-time gross settlement (RTGS) system. This is a significant achievement for both Swift and the wider adoption of CBDCs.
Companies Discover
Apple to Keep iPhone Production Flat as Market Grows Tougher
Additionally, Apple will strive to impress consumers with a more advanced model than last year's one. New screen sizes, including satellite-based text messaging, are expected to be offered in the upcoming iPhone 14 handsets. The iPhone 13 was viewed by consumers as a minor upgrade.
Companies