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.
Europe Won’t Be the ‘Crypto Wild West’ Anymore. New EU Rules Rein in Stablecoins
New laws in the European Union require cryptocurrency enterprises to obtain a license and demand that stablecoin issuers retain reserves similar to those held by banks as part of the bloc's historic move to regulate a chaotic market.
Crypto
Insider News: Shell Set to Sign Deal With Qatar for Giant Gas Project
According to reports, Shell Plc is planning to take a stake in a major $29 billion project that aims to raise Qatar's output and exports of liquefied natural gas (LNG). This comes as other Western energy giants have already invested in the project and as Europe is increasingly racing to shore up supplies of the fuel.
Companies
Expert Opinion: Apple May Have 40 Million Subscribers for Streaming TV Service, Analyst Says
Sacconaghi claimed that Apple (AAPL) had between 20 million and 40 million paying users, with yearly revenue ranging between $1 billion and $2 billion. That's not much for a firm with about $400 billion in annual revenue, but he believes the service is vital for strategic reasons.
Companies
Metals Haven’t Crashed This Hard Since the Great Recession
The recent plunge in industrial metals can be traced back to the Federal Reserve's decision to raise interest rates by 75 basis points at the beginning of the month. This move was seen as a sign that the Fed was more worried about inflationary pressures than the possibility of a recession.
Stocks Discover
Stocks Won’t Sink Forever. Here Are Cheap Plays on the Market’s Recovery
BlackRock's shares, which are currently trading at $585, have returned to where they were in early 2018, when the company's assets under management were $6 trillion. The stock is currently trading at 15 times estimated 2022 profits and yields 3.3 percent. Warren estimates a fair value of $880 per share.
Stocks
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