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.
Robinhood Launches New No-Transaction Fee Crypto Wallet
There is already a web-based custody wallet on Robinhood's website for users' assets. As with most cryptocurrency companies, the assets are not covered by any government guarantee, such as that provided by the Federal Deposit Insurance Corporation.
Companies
Insider News: Samsung in Talks to Hike Chipmaking Prices by Up to 20%
At a recent earnings conference, Kang Moon-soo, vice president of Samsung's foundry division, stated that the company had already received orders for the next five years totaling eight times the previous year's sales. "We expect our order book to expand much further.
Companies
China’s Economy Roared Back After Wuhan Lockdown. Why It Won’t See the Same Rebound Now
According to a recent study conducted by the European Union Chamber of Commerce in China, about a quarter of the enterprises surveyed are considering leaving the country owing to the Covid-19 laws, the largest number in a decade.
Banks and Finance
Morning Brief: Collapsed Cryptocurrency Drama and What Happened in the Market Over the Past Few Days
Bitcoin fell 5.9 percent in 24 hours through noon Eastern time on Saturday, to $28,782, in trading on Coinbase Global's platform (COIN). The cryptocurrency is down 20% this week, while the token is down 58 percent since its top above $69,000 in November 2021.
Crypto
Powell Warns Soft Landing Could Be ‘Quite Challenging’
On April 26, the Senate approved Fed governor Lael Brainard as vice-chair of the seven-member board, as well as Michigan State University economist Lisa Cook and Davidson College economist Philip Jefferson for two additional board positions.
Banks and Finance
Bitcoin Falls. Cryptos Pressured As Stablecoin Terra’s Meltdown Intensifies
"Bitcoin will encounter short-term resistance near $32,500, followed by $35,000," Moya predicted. "On the downside, Bitcoin will attempt to maintain the $30,000 level, with $28,500 offering significant support."
Crypto Discover
China’s Massive Community-Buying Industry Is Collapsing
Demand, however, was unable to keep up with the intense competition. Additionally, the industry has been impacted by President Xi Jinping's massive crackdown on China's internet giants. The government fined several community-buying platforms last year for excessive spending on promotions.
Banks and Finance
Expert Opinion: Economic Integration Was Supposed to Make the World More Peaceful. Why Did It Fail?
During that period, the issues of contention (Serbia, Syria, Iraq, Snowden, Magnitsky, Navalny, and cyberattacks) swiftly swamped any shaky foundations for cooperation (tentative foreign investment, Afghanistan, and space).
Banks and Finance
PayPal Trims 2022 Outlook But Beats Revenue Forecast
Holdings said its first quarter was a "good start," but it lowered its full-year forecast, expecting payments volumes to fall. Its adjusted earnings per share expectation are now $3.81 to $3.93, down from a previous range of $4.60 to $4.75.
Companies
Mark Zuckerberg’s Metaverse May Take a Decade to Bloom. Wall Street Still Celebrated
The expansion into the metaverse is likely to take longer to make a profit than traditional software, and it may take a decade before the business is capable of truly raking in cash, said Mark Zuckerberg, CEO of Meta Platforms. Wall Street is still optimistic.
Companies