Day: April 26, 2023

The Sandbox partners with Ledger Enterprise to secure metaverse businesses

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A decentralized Metaverse platform, The Sandbox, will partner with security solution provider Ledger Enterprise to develop security integration for its partners. The latter will get their nonfungible token (NFT) collections migrated to the Ledger wallet.  The Sandbox announced a partnership in its official blog on Apr. 23. The collaboration will include several initiatives. The Sandbox will appear as a dApp on Ledger Enterprise, a certain widget will also be integrated in the Ledger Live desktop application. All NFTs in The Sandbox collection wallet will be transferred to the Ledger Enterprise…

BTC price gains 6% as First Republic Bank drama delights Bitcoin bulls

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Bitcoin (BTC) headed toward $29,000 on April 26 after overnight gains marked a solid rebound. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin short squeeze risk on the rise Data from Cointelegraph Markets Pro and TradingView showed BTC/USD advancing swiftly during Asia trading to deliver 6.5% upside versus its local lows. The pair had begun its comeback after the April 25 Wall Street open amid fresh concerns over United States bank stability. These came as First Republic Bank reported a dramatic fall in deposits, its share price tanking 50% on…

Golden Gate (GGX) Developer Insights and Novel DeFi – Press release Bitcoin News

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press release PRESS RELEASE. Golden Gate (GGX) is a novel interchain infrastructure protocol that eliminates Layer 0 communication friction by delivering protocol-agnostic communications and more secure liquidity transfer. Golden Gate mediates interchain communication via the Incentivized Message Delivery Protocol (IMDP), which uses a network of couriers running light clients to deliver messages for efficient cross-chain communication. Golden Gate supports the IBC, XCMP, and LayerZero communication protocols, amongst others, making it universally composable across Web3 infrastructure. With this architecture, Golden Gate delivers a next-generation programmable layer 0, enabling developers to leverage…

Chipotle Records Revenue Increases in Q1 2023 despite Menu Price Hikes, CMG Stock Up 7.8% Now

In-restaurant sales at Chipotle during Q1 2023 popped 22.9%, while digital sales represented 39.3% of food and beverage revenue. Despite increased menu prices, Chipotle Mexican Grill (NYSE: CMG) recorded impressive earnings and revenue in Q1 2023. On Tuesday, the restaurant company released its quarterly financial performance that exceeded analysts’ expectations. The chain’s shares gained 7.87% in the after-hours session after closing down 0.94% to $1,780. Except for losing a little over 1% in the last five days, Chipotle has been amassing gains for the past year. The company has increased nearly…

PancakeSwap (CAKE) Price Continues Plunging, Loses 30% in One Week, Here’s Why

Despite being one of the major decentralized exchanges, customers of PancakeSwap are fast losing confidence in the platform. While there hasn’t been so much activity in the overall cryptocurrency market in the past few days, the same cannot be said of PancakeSwap whose CAKE token continues to lose value. PancakeSwap (CAKE) price action in the last 7 days. Photo: CoinMarketCap As seen in the chart above, the token has shed over 34% of its value in just seven days. And, as of publication, it was seen trading at $2.71. However,…

Microsoft Fiscal Q3 2023 Report Beats Estimates, MSFT Stock Up 7% in Pre-market

In its fiscal Q3 2023 report, Microsoft CFO Amy Hood stressed that the company would continue to prioritize AI-related endeavors.  Yesterday, Microsoft Corp (NASDAQ: MSFT) posted its fiscal Q3 2023 earnings report, which beat expectations on the top and bottom lines. In addition, the multinational tech corporation’s latest outing also surpassed estimates on quarterly revenue guidance. For fiscal Q3 2023, Microsoft, whose shares climbed 7% in the pre-market on Wednesday, reported a revenue haul of approximately $52.9 billion. This sum compared favorably with the $51.02 billion analysts expected for the…

Circle CEO blames US crypto crackdown for declining USDC market cap

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Circle CEO Jeremy Allaire says that a cryptocurrency crackdown by the United States regulators has been a major factor behind the declining market capitalization of its stablecoin, USD Coin (USDC). Circle chief’s comments on the U.S. crackdown come amid heavy regulatory scrutiny following the collapse of the FTX exchange, a banking crisis and USDC’s momentary depegging. During an interview with Bloomberg TV, Allaire noted that there is a “huge amount of concern globally about the U.S. banking system,” and the “regulatory environment in the U.S..” USDC depegged in March, a direct…

UPS Shares Slide 9.9% as Company Missed Analysts’ Expectations on Both Earnings and Revenue in Q1 2023

For Q1 2023, UPS reported adjusted earnings per share (EPS) of about $2.20, whereas analysts expected the company to report an EPS of $2.21. United Parcel Service Inc (NYSE: UPS) shares closed Tuesday’s market trading at $176.29, down 9.99 percent from the day’s opening price. The sudden decline was directly attributed to the UPS first quarter (Q1 2023) earnings results released on April 25. During the first three months of 2023, United Parcel Service reported consolidated revenues of $22.9 billion, a 6 percent decline from the first quarter of 2022.…

Crypto Has Evolved From Being Seen as an ‘Anti-Establishment Rebellion Asset’ Says FCA Executive Director – Regulation Bitcoin News

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From being seen as a small “anti-establishment rebellion asset” more than ten years ago, crypto has grown to “become more widespread,” says Sarah Pritchard, an executive director at the United Kingdom’s Financial Conduct Authority (FCA). Pritchard said while the FCA has routinely warned consumers of risks associated with crypto, the watchdog has “always been open to innovation.” Few Customers Know About Crypto According to Sarah Pritchard, an executive director of markets at the Financial Conduct Authority, crypto has evolved from being seen as “an anti-establishment rebellion asset” more than ten…