Day: February 25, 2021

Dow Jones Register Strong Reversal Surging 400 Points Hitting Record High Above 31,900 Levels

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Overlooking the fears of inflation and rising interest rates, the stock market registered bullish momentum on the outlook of quick economic recovery. Fed Chairman Jerome Powell has said that it will take a long time for inflation to pick up. On Wednesday, February 24, the Dow Jones Industrial Average registered a strong comeback with one of the strongest intraday reversals and a new record high. The US stock market decided to look past the fears of inflation and rising interest rates and instead stay bullish on the economic comeback. After…

Virgin Galactic (SPCE) Stock Up 4% Yesterday despite Lack of Commercial Flights

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Despite Virgin Galactic’s lack of commercial flights, Wall Street has shown some tinge of confidence in the stock performance of the company. Leading American spaceflight company Virgin Galactic Holdings Inc (NYSE: SPCE) could be one stock investors could leverage on in this earning season as lined up events could count in the favor of the firm. However, as another quarterly report comes to the fore, the company is expected to report steep losses while investors remain on the lookout for signs on when the aircraft company is likely to begin…

Square Records 1 Million First-Time Bitcoin Buyers in January

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The CFO further revealed that Square’s Bitcoin investment represents 5% of the company’s cash. She noted that Square has a long-term vision on the investment. The chief financial officer at Square Inc (NYSE: SQ) Amrita Ahuja, said that the company’s Cash App platform recorded 1 million new Bitcoin buyers in January 2021. The CFO revealed details of the surge in first-time Bitcoin buyers while speaking on CNBC’s Squawk Alley on the 24th of February. Square: Increase in First-Time Bitcoin Buyers Number As stated in a CNBC report, Ahuja said that 3…

Canada-Based VersaBank Unveils Plans to Launch VCAD, Canadian Dollar-backed Stablecoin

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While the Bank of Canada reportedly backs the issuance of a digital Canadian Dollar, private alternatives are increasingly permeating the space. VersaBank (TSX: VB), a digital bank based in Canada has unveiled plans to launch a stablecoin dubbed the VCAD and pegged to the Canadian Dollar. The proposed digital token is described as the first of its kind to be issued by and backed by deposits lodged with a North American or a Canadian bank. The VCAD is a stablecoin that will maintain stability with the CAD, on a ratio…

MAT Shares Up 1% as Mattel Eyes Boom This Year and Beyond

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Mattel revealed that its focus this year is its transformation efforts, adding up to its success of reaching consumers on multiple platforms including its new direct-to-consumer offerings. Mattel Inc (NASDAQ: MAT) saw its shares rise as much as 4% on February 24 and closed with a 1% increase after the company revealed its forecasts for 2021 and beyond in its Virtual Analyst Meeting. Although Mattel has been holding virtual press and retailer presentations to launch new games and toys for 2021, its virtual analyst meeting was a digital replacement for…

Charlie Munger Rebukes Tesla and Bitcoin Valuations, Warns Investors about Robinhood

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Charlie Munger was clear that in his opinion: Bitcoin could not become a medium of exchange due to its volatility. Berkshire Hathaway vice chairman and Warren Buffett‘s right-hand man Charlie Munger has criticized recent developments around Bitcoin, Tesla Inc (NASDAQ: TSLA), SPACs and trading platform Robinhood. From his comments, it was clear Charlie Munger is not a fan of any of them. In an interview during the Daily Journal’s annual shareholder’s meeting, Charlie Munger on Wednesday condemned the current market frenzy. The long term business partner of Warren Buffet stated…

#Bitcoin Analiz #Ethereum Analiz – Bu iki urunde son durum nedir? Btc Teknik Analiz

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Optimism Raises $25 Million in Series A Funding Round

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The raised funds will see the larger share going into this development that seeks to ensure that transactions are 10x improved with the L1 development experience preserved. Andreessen Horowitz (A16Z), a venture capital firm has led a Series A funding round to raise about $25 million for Optimism, a public benefit corporation that concentrates on the scalability of the Ethereum Network. The firm has over some months been actively working on its Optimistic Rollup project. According to the blog post published by the supporting platform, A16Z, they are excited to…

Ethereum exodus continues as Binance ‘helps,’ Feb 17–24.

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The parabolic rise of the Binance Smart Chain has been all over the news this week, aided by a few seemingly unfriendly moves by the exchange itself. It started on Friday, when Binance suddenly froze withdrawals of Ethereum-based assets for about one hour. Many interpreted it as a move against the blockchain and its ecosystem, given that the cited reason was “congestion issues” — something one hardly imagines is a problem for an exchange, unless they shoulder withdrawal costs for the user. The day after, FTX started shaming Binance for…

Blockchain soccer gaming startup Sorare raises $50M

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Sorare, a major blockchain-based soccer gaming platform, has raised $50 million from high-profile investors backing major companies like Twitter, Instagram and Discord The fresh Series A round brings Sorare’s total funding to $60 million, the company told Cointelegraph Thursday. The funding round was led by Benchmark, an investment giant famous for funding companies like Twitter, Uber and Snap. Accel Partners was another lead investor, known for backing companies like Facebook and Spotify. The round also included some additional investment from investors like Reddit co-founder Alexis Ohanian, VaynerMedia CEO Gary Vaynerchuk,…