Day: February 23, 2023

Crypto Payment Startup MoonPay Hires Ex-Coinbase President as Its COO

The current MoonPay COO Jim Esposito did not provide any comments on the announcement, and it is unclear if he is staying at the company or not.  MoonPay, financial technology company that provides crypto payment solutions, has welcomed on board Asiff Hirji, former Coinbase Inc (NASDAQ: COIN) president. Asiff Hirji will serve as MoonPay Chief Operating Officer (COO), bringing his great expertise in blockchain and decentralized finance (DeFi) to MoonPay’s operation. The startup focuses on increasing crypto adoption and aims to be the world’s leading Web3 infrastructure company. Thus, Asiff Hirji…

S&P 500 Sees Losses Continue amid Fed Hawkish Stance against Inflation

The S&P 500 sustained its fourth day of losses following suggestions that the Fed could keep battling inflation aggressively.  The S&P 500 recorded losses on the day following Fed minutes, suggesting a sustained hawkish stance on inflation. Several stocks closed lower as traders and market analysts analyzed the summary of the central bank’s latest meeting. S&P 500 Losses Continue Following Fed Inflation Stance The S&P 500 slipped 0.16% to close at 3,991.05 but was not the only leading index to record losses on the day. The Dow Jones Industrial Average (DJIA) also shed 0.26%, or 84.50…

Amazon Seals $3.9B Deal to Acquire Primary Care Provider One Medical

This deal will help Amazon expand its footprint in the healthcare market. Amazon CEO Andy Jassy said that the healthcare industry is set for a disruption amid the complexities of primary care and longer appointment times. On Wednesday, February 22, e-commerce giant Amazon announced that it closed the deal of acquiring primary care provider One Medical for a staggering $3.9 billion. Last year in July 2022, Amazon agreed to acquire One Medical to expand its healthcare presence. With this acquisition, Amazon is looking to “dramatically improve” the experience of getting…

Binance Deploys ‘Semi-Automated’ System, Claims Tokens Are Now Fully Backed

Binance hopes to ensure that reserves do not mix with client funds henceforth. Cryptocurrency exchange giant Binance has just launched what it calls a semi-automated system for its tokens. According to a Bloomberg report, this system will enable the exchange to properly manage its token reserves. Just last month, the crypto exchange admitted to errors that arose with tokens it issues, which were not always fully backed. At the time, it acknowledged that for a long, the tokens it issued had reserves that were either mixed with customer funds or…

Crypto Groups on Russian Social Media Hit by Bots Discrediting Bitcoin – Bitcoin News

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Social media groups devoted to cryptocurrencies in Russia have been attacked by bots in what looks like a campaign against bitcoin and the like. Their comments on Russia’s largest social media platform are triggered by certain keywords like crypto and blockchain, members of the community have noticed. Bots Flood Vkontakte Groups With Comments Against Cryptocurrency In the past week or so, crypto-themed groups on Russia’s state-controlled social network Vkontakte (VK) have been seeing a growing number of comments seeking to discredit cryptocurrencies and related technologies, the crypto news outlets Bits.media…

JP Morgan To Open Crypto Lab In Athens As Part Of Blockchain Push

As the crypto industry evolves, top players in the traditional financial industry have begun to join the trend via diverse projects. A recent report disclosed that JP Morgan plans to open a crypto lab in Athens. According to StockWatch’s report, the lab will focus on data encryption and security. JP Morgan Chase is one of the largest American banks. Aside from its normal banking services, JP Morgan also provides institutional research on economics, financial markets, personal finance, etc. Related Reading: Are NBA Top Shot NFTs Securities? The Jury Is Out…

Etsy Reports Q4 2022 Results Beating Revenue Estimates, ETSY Stock Jumps 6%

As Etsy managed to beat the Street estimates for Q4 2022 revenue, ETSY stock price surged by 6.46% in aftermarket hours. In Q1 2023, Etsy is expecting gross merchandise sales (GMS) anywhere in the range of $2.95 billion to $3.15 billion On Wednesday, February 22, public-listed e-commerce firm Etsy Inc (NASDAQ: ETSY) reported the results for the fourth quarter (Q4) of 2022 and the entire full year. Performance of Etsy in Q4 2022 During the last quarter, the company’s revenue was $807 million up by 12% year over year. With…