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Day: June 6, 2022

European markets close higher as mining stocks lead gains; Just Eat Takeaway shares up 12%

KEY POINTS The positive start for European stocks came after markets closed lower last Friday after data showed the U.S. economy added 390,000 jobs in May. The latest U.S. inflation reading at the end of the week will be a key focus for investors. LONDON — European stocks advanced on Monday as international markets gear …

European markets close higher as mining stocks lead gains; Just Eat Takeaway shares up 12% Read More »

Biggest Movers: ADA up 13% on Monday, THETA Moving Towards Multi-Week High

Crypto markets were mainly in the green to start the week, with several assets climbing by double digits on Monday. One of these was ADA, which rose by as much as 13% today. THETA also climbed higher, gaining nearly 15%. Cardano (ADA) ADA was one of the most notable movers on Monday, as prices surged back towards …

Biggest Movers: ADA up 13% on Monday, THETA Moving Towards Multi-Week High Read More »

Monthly NFT Sales Have Dropped Over 65% Lower Than the Month Prior, NFT Google Queries Sink

Non-fungible token (NFT) sales are down a great deal, as 30-day statistics show NFT sales recorded last month saw just over $4.6 billion settled but today, sales are down 65.43% to $1.59 billion. Furthermore, Google Trends data indicates that interest in NFTs has dropped to the lowest point since the first week of October 2021. …

Monthly NFT Sales Have Dropped Over 65% Lower Than the Month Prior, NFT Google Queries Sink Read More »

Binance Labs Invests in PancakeSwap, CAKE Jumps Nearly 10%

Despite the rally, the token is still 36% below $7.46 a month ago after a challenging May for the crypto markets. Binance Labs, the venture capital arm of Binance, the world’s largest crypto exchange by trading volume, has made an investment in PancakeSwap, a decentralized exchange (DEX) built on the BNB Chain. CAKE, the native …

Binance Labs Invests in PancakeSwap, CAKE Jumps Nearly 10% Read More »

MetaBrewSociety to offer voting rights over a brewery via NFTs and DAO

Brewing could soon be getting the Web3 treatment, with tokens giving holders a choice on how their favorite brewery is run. Munich-based MetaBrewSociety (MBS) will soon offer voting rights on the business decisions of a physical brewery via nonfungible tokens (NFTs) and a decentralized autonomous organization (DAO). The MBS was formed in February this year …

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Russia thinks it has found a way around Washington’s dollar bond payment blockade

KEY POINTS The country is exposed to a historic debt default after the U.S. Treasury Department last week allowed a key sanctions exemption to expire. The waiver had allowed Russia to process payments to foreign bondholders in dollars through U.S. and international banks, thereby avoiding default. Russian Finance Minister Anton Siluanov reportedly told Russian newspaper …

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Bitcoin’s Short-Term Volatility Is Irrelevant Once Investors Understand Its Fundamentals, Says MicroStrategy CEO

As the recent crypto sell-off continues to elicit mixed reactions and concerns, Michael Saylor, MicroStrategy CEO, has told investors that they should not be discouraged by Bitcoin’s short-term volatility. For investors who see cryptos as a short-term investment and a fast track to becoming richer, their analysis is wrong. In an interview with ‘The Block’ …

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Dubai’s Retail Giant Majid Al Futtaim Accepts Crypto at 29 Shopping Malls and 13 Hotels in Partnership With Binance

Leading shopping mall operator Majid Al Futtaim has partnered with Binance to accept cryptocurrencies at its malls and other properties. “Majid Al Futtaim is one of the most prestigious businesses in the Middle East and has millions of customers every year,” said the CEO of Binance. Majid Al Futtaim Dives Into Crytpo With Binance Majid …

Dubai’s Retail Giant Majid Al Futtaim Accepts Crypto at 29 Shopping Malls and 13 Hotels in Partnership With Binance Read More »

5 indicators to monitor before investing in crypto during a down market.

Cryptocurrency bear markets obliterate portfolio worth and they have a perilous inclination to delay for longer than anybody anticipates. Luckily, one of the silver linings of market-wide pullbacks is that it gives financial backers time to re-center and invest energy exploring projects that could flourish when the pattern turns bullish once more. Here’s five regions …

5 indicators to monitor before investing in crypto during a down market. Read More »

BITCOIN IS BECOMING MORE COMMON AMONG NFL PLAYERS.

BITCOIN IS BECOMING MORE COMMON AMONG NFL PLAYERS. The process will be facilitated by Square’s mobile payment service Cash App, and as part of the announcement, the duo gave away $1 million in Bitcoin to fans on social media. Remember: Green Bay Packers quarterback Aaron Rodgers announced a similar partnership with Cash App earlier this …

BITCOIN IS BECOMING MORE COMMON AMONG NFL PLAYERS. Read More »