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US-Based Crypto Exchange Bittrex Files for Bankruptcy Protection in Federal Court
Cryptocurrency exchange Bittrex US officially filed for bankruptcy protection on Monday in a Federal Court in Delaware. The trading platform liabilities are estimated to be between $500m and $1 billion, with more disclosure set to be unveiled in the coming... -
Deloitte Unveils KILT Identity Blockchain to Secure Digital Credentials for Customers
Deloitte Consulting has incorporated the KILT blockchain protocol to provide digital credentials to support Know Your Customer (KYC) and Know Your Bank (KYB) processes for verifying individuals' and businesses' identities. KILT Integration: Impact on Deloitte Broad Ecosystem Deloitte, an industry... -
What are Markets Expecting from Affirm Earnings This Week?
BNPL (buy-now-pay-later) company Affirm would release its earnings for the fiscal third quarter of 2023 tomorrow after the markets close. Here’s what markets are expecting from the report. Affirm guided for revenues between $360 million-$380 million for the fiscal third... -
ECB Hikes Interest Rates by 25bps Due to Elevated Inflation; Lagarde Declares No Pause
The European Central Bank (ECB) raised key interest rates by 25 basis points, moderating the pace of recent increases. Nevertheless, if eurozone inflation remains consistently high, further rate hikes can be expected, as the regulator advocates for a "timely return"... -
Zimbabwe Sets Price for Gold-Backed Digital Money to Entice Buyers
Starting next week, Zimbabwe's central bank will launch a gold-backed digital currency available to investors, with a minimum token price of $10 for individuals and $5,000 for businesses and other institutions. This new currency has the potential to stabilize the... -
Apple Stock Rises after Earnings Beat as iPhone Sales Surpass Estimates
Apple (NYSE: AAPL) stock is trading higher in US premarket price action today after the company posted better-than-expected earnings for the fiscal second quarter of 2023 led by strong iPhone sales. Apple reported revenues of $94.8 billion in the quarter... -
PacWest Bancorp Shares Fall Along With Other US Regional Banks
Premarket trading on Thursday saw a decline in U.S. regional banks' shares, led by a 52.5% drop in PacWest Bancorp due to its announcement of considering strategic options. This news has prompted concerns about a potential banking crisis in the... -
Becoming a Trader Vs. Becoming an Investor: What’s the Difference?
It's no secret that both investors and traders seek to generate wealth over time. The two terms are often used interchangeably when, in fact, they're quite different. To be more precise, it's how traders and investors generate wealth is what... -
Meme Coin Frenzy Peaks in US and India, According to Study
The meme coin craze has reached new heights, with the US and India leading the pack, according to a recent study. These digital currencies, often based on popular internet memes and characterized by their playful themes, have captured the attention... -
French Senate Moves Forward with Bill Allowing Social Media Influencers to Endorse Cryptocurrency
The French Senate has taken a significant step by advancing a bill that would authorize social media influencers to endorse cryptocurrency. This progressive move comes as digital currencies continue to gain mainstream acceptance and demonstrates France's willingness to adapt to...
