Day: April 13, 2023

Shopify (SHOP) Stock on Rise after JMP Securities Upgrade

On Wednesday, Canadian e-commerce giant Shopify saw its stock swell following a JMP upgrade to ‘Market Outperform.’ Shopify (NYSE: SHOP) stock has surged after a JMP Securities upgrade. On Wednesday, the California-based full-service investment platform upgraded SHOP from Market Perform to Market Outperform with a $65 per share price target. JMP Views Shopify Stock as ‘Leader in E-Commerce Enablement’ JMP analysts see an upside to Shopify stock after analyzing the OpEx structure across the website builders. In addition, analysts assessed third-party website traffic data and consulted with professional website developers…

Swedish Central Bank Proposes Collaborative Model for e-Krona Retail Payments

Riksbank proposed the use of e-Krona for retail payments under different conditions while evaluating factors such as transparency, privacy, and governance. Earlier this week, the central bank of Sweden aka Riksbank released a report detailing the third phase of its central bank digital currency (CBDC) research. Swedish Riksbank has proposed a collaborative model for e-Krona retail as well as conditional payments. Back in 2020, Riksbank started its CBDC research in collaboration with the country’s existing private payment services. Furthermore, Riksbank stressed governance as a key parameter for collaboration. The central…

What Bitcoin bear market? BTC price closely copying old halving cycles

boss

Bitcoin (BTC) price action is right on track when it comes to sealing new all-time highs, new data suggests. A suite of price metrics from on-chain analytics firm Glassnode released on April 11 hints that Bitcoin’s current halving cycle is playing out in classic style. BTC price closely resembles prior halving cycles With BTC/USD up over 70% in 2023 and far from its $15,600 lows in November 2022, analysts are already considering the role of next year’s block subsidy halving. Set to cut the amount of BTC miners “mint” per…

Bitcoin Miner Bitdeer Technologies to List on Nasdaq via SPAC Deal – Bitcoin News

boss

According to a recent filing with the U.S. Securities and Exchange Commission (SEC), Bitdeer Technologies Holdings, a digital mining firm founded by crypto-billionaire Jihan Wu in 2018, plans to be listed on Nasdaq this Friday. The bitcoin mining firm is scheduled to go public through a special purpose acquisition company (SPAC) deal with Blue Safari Group, as noted in the business combination filing. Bitdeer to Be Publicly Listed on Nasdaq Under the Ticker Symbol BTDR A Singaporean company, Bitdeer Technologies Holdings, founded in 2018 by former Bitmain CEO Jihan Wu,…

Binance To Support Ether Staking Withdrawals From April 19

Binance said that user requests for withdrawals, once submitted, cannot be canceled and the process may be slow initially, requiring 15 days to several weeks for completion. Users will receive redeemed ether in their spot wallets and pending BETH tokens locked in pending ETH withdrawal requests won’t be eligible for staking rewards. BETH is a wrapped token issued by Binance which is 1:1 pegged to ETH on the Ethereum blockchain. Source

SEC argues recent court case weakens Ripple Labs’ ‘fair notice’ defense

boss

A recent court judgment further weakens a key defense made by technology firm Ripple Labs in its ongoing legal battle with the United States Securities and Exchange Commission (SEC), the regulator has claimed to a federal judge. In an April 11 letter to U.S. District Judge Analisa Torres, who is overseeing the SEC and Ripple Labs case, the SEC highlighted the judge’s opinion in a separate enforcement action it won against investment advisory firm Commonwealth Equity Services. In that case, it was deemed that a longstanding court precedent provides sufficient…

High Hopes for EU’s MiCA Law With Final Vote Imminent

“A crypto asset service provider, a CASP, will be a brand in the European Union… a kind of stamp of approval of the sector,” Rok Žvelc, a European Commission staffer who formed part of MiCA’s drafting team, told a Brussels event on March 30. “Investors will know that if they turn to CASPS, they will have all the protections that MiCA provides.” Original Source EUsFinalHighHopesImminentLawMiCAVote CryptoX Portal