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Day: January 25, 2022

Stocks making the biggest moves after the bell: Microsoft, F5, Navient & more

Check out the companies making headlines after the bell Tuesday: Texas Instruments — Shares of the semiconductor company popped more than 4% on the back of a better-than-expected quarterly revenue figure. Texas Instruments reported fourth-quarter revenue of $4.83 billion, topping a Refinitiv estimate of $4.43 billion. The company also issued strong earnings and revenue guidance for …

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IMF urges El Salvador to remove Bitcoin’s status as legal tender

According to the IMF’s executive board, the use of Bitcoin as legal tender carried “large risks” related to financial stability, financial integrity and consumer protection. Members of the executive board at the International Monetary Fund are urging lawmakers in El Salvador to no longer recognize Bitcoin as legal tender. The IMF reported on Tuesday that though digital …

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Beatles Memorabilia From Julian Lennon’s Collection to Be Sold as NFTs

The auction will take place on NFT marketplace YellowHeart on Feb. 7. John Lennon’s son Julian is selling a collection of Beatles memorabilia as a set of non-fungible tokens (NFT). The centerpiece of the “Lennon Connection” is some notes jotted by Paul McCartney while writing “Hey Jude,” one of the Beatles’ most famous songs. The song …

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Tencent to Offer Metaverse Business Support in Japan before Feb

Reportedly, Chinese tech-giant Tencent will provide support services for the virtual space “Metaverse” business to Japanese companies as soon as before February, according to Japan’s Nikkei media report on Monday. Tencent said it would provide services through its Japanese subsidiary, offering comprehensive support from the construction of virtual spaces, the production of avatars to content distribution. As a …

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2 Gold-Backed Crypto Asset Market Caps Near $1 Billion, XAUT Jumps 19,000% in 23 Months

While reserve-backed crypto assets and stablecoin market valuations increased a great deal during the last year, gold-backed cryptocurrencies have also seen their market caps swell. Between the tokens tether gold and pax gold, the market valuations of these two gold cryptos are nearing a billion dollars in value with $742 million today. Tether Gold’s Market …

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Is there any room for crypto stablecoins in a Fed digital dollar

There’s room for privately issued stablecoins to exist alongside a possible central bank digital currency, according to Federal Reserve Chair Jerome Powell. The Fed plans to publish a report on digital currencies in the coming weeks, Powell said at a Senate Banking Committee hearing on Tuesday. The central bank hasn’t said whether it plans to …

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DeFi and Its Importance in the Cryptocurrency Economy

Decentralized finance, or DeFi, is one of the most important topics in cryptocurrency. The aim of DeFi is to create an entirely new financial system, completely independent of the traditional financial (TradFi) economy. There are billions of dollars being invested into this goal, along with the efforts of thousands of developers around the world. This …

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