Month: June 2022

KPMG enters the metaverse, invests $30M in Web3 employee training

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KPMG, one of the Big Four accounting firms in Canada and the United States, has revealed the opening of its first metaverse collaboration hub to help its employees and clients pursue growth opportunities in the digital era. KPMG is entering the metaverse with a new collaboration hub that will connect employees, clients, and others with Web3. The company is making a collective $30 million investment this year in Web3 experiences, with the metaverse hub as the “signature piece.” According to a Tuesday report by Fortune, the hub will be focused…

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SOL price eyes 75% rally as Solana paints a bullish reversal pattern

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Solana (SOL) continued its recovery trend on June 28 while inching closer to triggering a classic bullish reversal setup. SOL’s price gained 2.42%, reaching an intraday high of $39.40/ The SOL/USD pair is now up 50% as a part of a broader retracement move that began on June 14 after falling to lows of $26. SOL/USD daily price chart. Source: TradingView Solana price eyes 75% rally The latest buying period in the Solana market has been painting what appears to be an “inverse head and shoulders pattern (IH&S)” pattern. The…

Luxor Launches Hosting Marketplace for Bitcoin Miners Amidst Build-Out Delays

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“There have been widespread delays in infrastructure build outs due to supply chain constraints, operational complexity and power delays,” Lauren Lin, Luxor’s Operations Manager told CoinDesk. “These problems have led many investors such as family offices, hedge funds, and high-net worth individuals to look at hosting options with established miners to get up and running.” Original

Goldman Sachs Downgrades Coinbase to Sell Rating — Analyst Says Firm Needs to Make Cost Base Reductions – Bitcoin News

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Analysts from the multinational investment bank and financial services company Goldman Sachs Group Inc. have downgraded Coinbase Global Inc. in a note to investors on Monday. Today, Coinbase shares are down 83.68% from the stock’s all-time high (ATH) in November 2021. Goldman analyst William Nance explained that his group of market strategists believes “Coinbase will need to make substantial reductions in its cost base.” Goldman Downgrades Coinbase, COIN Shares Down 83% From Price High Coinbase shares have suffered during the bear market as many crypto company stocks have lost considerable…