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.
Bitcoin Is Rebounding. Here’s One Reason
After a rough year, Bitcoin prices have begun to recover in the last month, with small-scale investors pouring money into cryptocurrencies. Bitcoin prices increased by about 20% in July, reaching nearly $24,000 from under $20,000. Nonetheless, the biggest cryptocurrency has fallen two-thirds from its all-time peak in November 2021.
Crypto
Coinbase and the SEC Are Facing Off. What’s at Stake
The industry has been grappling with the question of whether tokens should be classed as currencies, commodities, or securities. Some tokens, according to the SEC, most likely fit the definition of security. According to the SEC, Ripple – a payments network coin — is security, though Ripple Labs and the regulator are involved in a court dispute over this distinction.
Crypto
Twitter Wants to Force Musk to Buy It. But There’s a Hitch
When Elon Musk chose to back out of his $44 billion offer to buy Twitter, the social media giant filed a lawsuit in the Delaware Court of Chancery. Twitter has filed a lawsuit seeking "particular performance," an unusual remedy that would oblige Musk to finish the deal.
Companies
Intel Could Be Worth More Dead Than Alive. Why This Analyst Sees 50% Upside
"This quarter's performance fell below the expectations we had for the firm and our shareholders," stated Intel CEO Pat Gelsinger. "We must and will do better." The most significant reason was the unexpected and fast downturn in economic activity, but the shortfall also reflects our own execution difficulties."
Companies
People Need Food and Energy. This Stock Is a Play on Both
Orkla (ORK.Norway; ORKLY) is a Norwegian corporation that has businesses that produce both. The previous industrial behemoth turned itself into a consumer-goods corporation, with its primary food sector producing frozen pizza, sauces, and ready-to-eat meals accounting for around 37% of its 2021 sales. The heritage hydroelectric power plants are likewise owned by the Oslo-listed company.
Stocks
Bitcoin Soars, but Don’t Get Excited
Bitcoin and other cryptocurrencies rose on Thursday as investors re-invested in risky assets following the Federal Reserve's latest monetary policy decision. Analysts, however, do not believe this crypto rise has significant power and believe prices will likely plateau at present levels.
Crypto
China’s Video Game Market Is Shrinking as Regulators Crack Down
A combination of variables has resulted in the Chinese video gaming industry's first revenue and user falls in 14 years. According to analysts, the losses may prompt major firms such as Tencent Holdings and NetEase to expand further into international markets.
Banks and Finance Discover
Coinbase Needs Congress to Save It From a Crackdown. Don’t Count on It
Congress is the only body that can prevent a crackdown by American law enforcement authorities on Coinbase Global Inc. (COIN) and other cryptocurrency companies. Still, it's becoming less likely that such relief will be provided anytime soon.
Crypto
Meta’s Earnings Are Wednesday. Wall Street Is Cutting Its Revenue Forecasts
The social media titan is still battling a less aggressive advertising market, competition from TikTok, and the continuing impacts of Apple's (AAPL) more aggressive approach to safeguarding iPhone users' privacy. In an effort to make its Facebook experience more like TikTok, Meta recently scaled back its employment goals and released a new version of its main Facebook experience.
Companies
Ford Plans Up to 8,000 Job Cuts to Help Fund EV Investment
People who asked not to be named, revealing internal discussions, described the layoffs will be made in Ford Blue, the newly formed unit responsible for producing internal combustion engine vehicles, as well as other salaried positions across the corporation. Details of the plan have not yet been finalized, so they could change at any time.
Companies
Ex-Coinbase Employee and Two Others Charged in Insider Trading Case
As part of what federal prosecutors in Manhattan are calling the first-ever insider trading prosecution involving the digital currency market, a former employee of Coinbase Global and two other people have been charged with wire fraud.
Companies
Gold Has Been a Disappointment This Year. What Could Change That
Since the beginning of this year, gold prices have settled at their lowest level since the spring of 2021, failing to demonstrate their usefulness as a haven investment. A crucial index that measures the performance of equities involved in the gold mining industry also hit a more than two-year low.
Banks and Finance
Netflix Sees Return to Subscriber Growth
After-hours trading on Tuesday saw a surge in Netflix shares after the business reported better-than-anticipated subscription trends for the second quarter and announced plans to introduce an ad-supported subscription tier in the first quarter of 2023.
Companies
Banks Are Strong Financially. Why Earnings Don’t Reflect It
Second-quarter earnings were even more of a puzzle in a perplexing year for banks, and it could be related to earnings projections. Simply put, the banks' earnings were less than they were last year and, in many cases, significantly weaker than analyst projections, despite their sound financial standing.
Banks and Finance
A Strong U.S. Dollar Raises Risks for Everyone
The dollar is powerful, and that is an understatement. Following a 6.9 percent increase in May, which was the largest increase since 2015, the Dollar Index (DXY) increased by 6.8 percent from May to July 14. The dollar and euro have reached parity, while the yen is at its lowest point in more than 20 years.
Forex Discover
