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Goldman Sachs Says Xpeng Motors Can Rise Further after G6 Launch
Goldman Sachs initiated coverage of Xpeng Motors (NYSE: XPEV) stock with a buy rating and assigned a target price of $18.10 as the brokerage expects its sales to improve with the new model. XPEV unveiled the model last month and... -
Celsius Files Lawsuit Against StakeHound to Recover $150 Million
Bankrupt crypto lender Celsius took legal action against StakeHound over its alleged failure to return $150 million worth of $MATIC, $DOT, $ETH, and other tokens. Celsius Sues StakeHound to Recover Funds Celsius Network has filed a lawsuit against StakeHound, accusing... -
Robert Kiyosaki Warns of Impending US Dollar Demise: BRICS Nations to Introduce Gold-Backed Currency, Fueling Inflation Surge
Robert Kiyosaki, the well-known author of the influential book "Rich Dad Poor Dad," has raised concerns about the future of the US dollar. According to Kiyosaki, some significant challenges could be ahead for the US currency. https://twitter.com/TechFishNews/status/1678955864307425280?s=20 He suggests that... -
Former SEC Chair Believes Spot Bitcoin ETF Approval Is Imminent
Former SEC Chairman Jay Clayton has expressed a positive outlook on the prospects of Bitcoin ETF applicants, indicating a strong potential for approval. However, he refrained from specifying a timeframe or certainty regarding approving an exchange-traded fund for bitcoin. A... -
SEC Asserts Coinbase Misunderstands Howey Test, Misapplies Major Questions Doctrine
The U.S. Securities and Exchange Commission (SEC) has responded to Coinbase's latest filing regarding an ongoing lawsuit. The SEC rejected Coinbase's arguments to dismiss the case and clarified its authority over securities laws. It stated that Coinbase misunderstood the Howey... -
MiCA’s Stablecoin Cap Regulation May Stall Crypto Adoption
The European Union's Markets in Crypto-Assets (MiCA) has imposed a $219 million daily cap on stablecoins like $USDT and $USDC. However, a rising group of participants in the crypto community have expressed their concerns about these restrictions and are calling... -
China’s Automotive Association Tried Curbing the EV Price War but the Move Failed
The Chinese EV (electric vehicle) market which is among the most competitive globally has been witnessing a brutal price war. Last week, Tesla along with over a dozen Chinese automakers pledged to avoid "abnormal pricing" and promote “core socialist values.”... -
Zimbabwe to Introduce Gold-Backed Digital Currency as Alternative to Foreign Currencies
The Reserve Bank of Zimbabwe is currently testing a new digital currency backed by gold. This currency is being trialed to see if it can be a reliable option for Zimbabweans instead of relying on foreign n currencies. However, the... -
US Homeland Security Aids Bitifinex to Retrieve $314,000 From 2016 $3.6 Billion Hack
Crypto exchange Bitfinex recovered $314,000 worth of cash and $BCH from a crypto hack in 2016. The trading platform received the assets from the United States Department of Homeland Security, with more efforts geared towards uncovering more funds. Recovered Assets... -
Alibaba Stock Rises Even as China Imposes $1 Billion Fine on Ant Financial
Alibaba stock (NYSE: BABA) is trading higher in early US price action today even as China imposed a nearly $1 billion fine on its affiliate Ant Financial. The People’s Bank of China imposed a fine of 7.12 billion yuan which...
