Coinspeaker

2021-08-19 19:47:20 According to a WSJ report, Amazon Inc plans to open department stores as the retail giant looks to experiment in physical retail. Sources familiar with the matter say Amazon plans to site some of its first department stores in California and Ohio.

The price of Bitcoin, the world’s largest digital currency by market capitalization is trading at a loss at the moment as driven by conflicting fundamentals in the cryptocurrency ecosystem.

Manhattan-based media company Bloomberg, in collaboration with Galaxy Digital, has announced a project that involves diversification of its crypto offering via the inauguration of the Bloomberg Galaxy DeFi index.

Billionaire Jack Dorsey says he wants to begin mining Bitcoin as he moves from public declaration of support to director production of the king coin. Open / Comment

2021-08-16 21:45:19 The United States National Highway Traffic Safety Administration (NHTSA) has opened a probe into electric vehicle manufacturer Tesla in relation to its autopilot system.

The entire crypto market has witnessed one of its most pleasant weeks in recent memories as many of the leading crypto assets finished the week strongly.

Tech giant Microsoft Corp has been working around the corner to handle piracy issues for its blockchain network. However, the tech titan is now relying on formidable blockchain platforms like Ethereum. Open / Comment

2021-07-29 14:43:03 Duolingo made a strong debut at Wall Street raising over $500 million worth of funds. The company plans to use these resources for expanding to overseas markets.

Coca-Cola as the leading world beverage brand will be entering the NFT domain by creating a special collection of non-fungible tokens to celebrate International friendship day.

The price of Bitcoin is seeing a gradual retracement as market bulls’ effort leading to the breach of the $40,000 resistant zone was met with rejection.

PayPal customers can soon experience greater ease of crypto use across the company’s Super App wallet which is already ‘code complete’ as per CEO Dan Schulman. Open / Comment

2021-07-28 13:29:31 Despite strong Q3 earnings, Apple Inc saw a drop in its stock price following the report. The tech giant has seen better-than-expected results, crushing analysts’ forecasts.

Trading app Robinhood is seeking ways to better protect its users from the volatility associated with cryptocurrencies. According to a Bloomberg report on Tuesday, the trading platform is looking to introduce a feature called ‘price volatility protection’.

The Burger King franchise at a few locations in Brazil has started accepting Dogecoin payments. However, this is currently limited only to the purchase of a recently introduced biscuit dubbed Doggper.

DashDirect, the new consumer-focused retail app by Dash, will bring ground-breaking results as it would mean direct adoption of cryptocurrency by retail merchants. Open / Comment

2021-07-27 16:19:13 Tesla released its Q2 2021 earnings report. The company has blown away Wall Street expectations, with incredible numbers it showed in the report. According to Tesla, its Q2 net profit has totaled $1.1 billion USD for the first time in its history.

Binance NFT marketplace will be issuing a set of tokenized collectibles of famous paintings and masterpieces via a partnership with the State Hermitage Museum in Saint Petersburg. The tokens will depict famous paintings of distinguished artists such as Van Gogh, Da Vinci, and Monet.

Apple stock has edged closer to a new all-time high after retesting its previous ATH of around $150. The upward momentum has been driven by strong previous quarterly growth, despite the coronavirus supply chain disruptions. Open / Comment

2021-07-26 17:48:24 A Bitcoin squeeze has seen the crypto asset jump over 13% to $40,000, caused by factors such as Amazon’s interest and support from big names.

California-based retail investment company Robinhood has announced that it may consider releasing a crypto wallet.

Ethereum has risen 8% to record a 3-week high of $2,587 despite not being the overall top gainer for the day. The second-largest cryptocurrency was one of several tokens to continue building upon a recent resurgence in recent weeks.

World’s top central banks have started pilot testing CBDCs and we can expect a full-fledged rollout from several of these in the next 4-5 years. Open / Comment

2021-07-23 13:41:56 Wall Street giant JPMorgan Chase & Co gave approval to its advisors to offer crypto funds to its retail wealth management clients. This is for the first time that a US bank is considering offering crypto investment options to retail clients.

Speaking at the B-Word conference on Wednesday, July 23, tech billionaire Elon Musk confessed to owning Ethereum. This was enough to bring Ethereum out of the abyss and on a northward journey.

Most companies are reporting their second-quarter earnings during this period. Consequently, there has been increased volatility in usually quiet stocks. Most importantly, investors have shown concerns over Covid resurgence that could slow global economic growth. Open / Comment

2021-07-22 15:59:38 Dow Jones recovers all losses from Monday with two-day consecutive rallies. Interestingly, the bond market is also fuelling optimism on Wall Street.

Coinbase has begun accepting Dogecoin on its e-commerce platform. Dogecoin will become the sixth cryptocurrency to have been incorporated in the list of accepted cryptos hosted by the e-commerce division of Coinbase.

Inter Milan, an Italian professional football club, has announced a major partnership with Chiliz, the leading blockchain provider for the global sports and entertainment industry.

At The B Word Conference, Elon Musk revealed owning Bitcoin and the other small cryptocurrencies causing an immediate rise in their prices. Open / Comment

2021-07-21 13:49:11 European Commission proposes to extend ‘Travel Rule’ to crypto transactions to prevent and detect their use for money laundering and terrorist financing.

Revolut is all set to present a new feature that will serve the travel industry. The company will be introducing a new feature called “Stays” which will allow the users to book hotels and other accommodations, all through their in-house app specifications.

Nasdaq announced on Tuesday major partnerships with leading banks to spin-off its, Nasdaq Private Market, a private stock trading platform.

Square Inc has launched Square Banking, a suite of banking products and services as part of its Business Toolkit “for every business”. The suite features an array of banking services like savings, checking and loans that Square merchants can take advantage of. Open / Comment

2021-07-20 14:04:01 Billionaire investor Bill Ackman has called off his plans of buying a stake in Universal Group through a special purpose acquisition company. Instead, the investor will buy 10% of Vivendi’s Universal Music Group through his hedge fund.

Peloton Interactive Inc stock closed Monday trading at $118.43, up 7.14%. The jump was attributed to news that the interactive fitness platform is gearing up to venture into the video gaming business.

On Monday, July 19, Wall Street came crashing down amid fears of the rising cases of the COVID-19 delta variant. The Dow Jones Industrial Average tanked 2% or 700 points in the worst fall since October 2020. Open / Comment