Markets

The Dow Jones Industrial Average jumped Friday, leading another rally in US stocks and closing out a volatile week.  Stocks began the trading session strong after Moscow said it would be open to talks with Ukrainian leadership. Wall Street is also weighing the prospect of the Federal Reserve turning less aggressive about hiking rates. Loading… Continue reading Dow soars more than 800 points as investors hope for Ukraine-Russia talks and eye softer Fed rate hikes

Coinbase reported that the share of trading volume for ethereum and other altcoins increased last year.  Ethereum trading volume increased from 15% to 21% of Coinbase’s total, and altcoins increased from 44% to 55%.  Meanwhile, trading volume for bitcoin dropped from 41% to 24% of the total. Loading Something is loading. Coinbase reported that the… Continue reading Coinbase earnings show trading of ethereum and altcoins surged in 2021 as bitcoin volume cooled

Investors should “sell the rips” in the stock market as the Fed raises interest rates into a bear market, Bank of America said on Friday.The bank observed that 76% of the Nasdaq and 51% of the S&P 500 have entered bear market territory.”We believe bull era of central bank excess, Wall Street inflation, [and] globalization… Continue reading Investors should sell into any rally in the stock market as 76% of the Nasdaq enters bear-market territory, Bank of America says

NFT sales had a breakthrough year in 2021, and over the past 12 months, volume has hit $22 billion.The NFT market is dominated by a handful of standout leaders due to their popularity and rarity.  Loading Something is loading. The cryptocurrency boom over the past few years has helped propel a newer market to record… Continue reading NFT sales hit $335 million over the past week. These were the 5 best-selling digital collections.

NFT marketplace Neon launched a vending machine that dispenses digital collectibles. The machine stands in New York’s financial district and accepts fiat currency instead of crypto. A Neon cofounder told Decrypt the company wanted to “demystify” the NFT buying process. Loading Something is loading. You can now buy new-age digital collectibles from a retro vending… Continue reading A crypto startup is selling Solana NFTs from a vending machine in New York in exchange for fiat currency

The Dow Jones Industrial Average led US stocks lower on Tuesday as the Russia-Ukraine crisis escalated. Russian troops have entered breakaway territories that Moscow recognized as independent. President Joe Biden announced sanctions against Moscow, targeting Russian banks and individuals. Loading Something is loading. The Dow Jones Industrial Average led US stocks lower on Tuesday as… Continue reading Dow tumbles 482 points as US and allies announce sanctions after Russia sends troops to Ukraine

Author Laura Shin believes she may have solved the mystery of the infamous 2016 hack of TheDAO. Shin detailed her findings in a Forbes article that discussed her new book. A hacker infiltrated TheDAO’s weaknesses in 2016 and siphoned off millions of ether to another fund. Loading Something is loading. A new book may have… Continue reading Crypto journalist says she uncovered the identity of the 2016 DAO hacker who stole $11 billion in ether

The stock market has already priced in bad news from the Russia-Ukraine crisis, wrote Morgan Stanley. Any relief or de-escalation could lead to a 5% rally, according to analysts led by Mike Wilson. They also noted that a return to fundamentals is coming, and that’s what investors should be focused on now. Loading Something is… Continue reading The markets have already priced in ‘a lot of the bad news’ from Russia-Ukraine and de-escalation could mean a 5% rally, says Morgan Stanley’s Mike Wilson