JPMorgan’s head of technical strategy, Jason Hunter, has warned that the stock market may see further moves to the downside in the short to midterm. Hunter believes that the “tide is turning” for the S&P 500 after the stock market index printed a recent high of 4,607 points. He also noted that JPMorgan is currently […]
The state-owned electricity distribution company Électricité du Laos (EDL) has announced that it will suspend electricity supply to crypto mining operations in the country due to the struggle to generate enough power amid drought conditions. The extreme heat has caused hydropower plants to generate 95% of the country’s power, and the EDL aims to supply […]
OnlyFans, a subscription service for adult content, recently revealed that it had invested a portion of its working capital into Ethereum (ETH). As of November 30, 2022, the company had purchased $19,889 million worth of ETH, which recorded an impairment loss of $8,455 million, leaving a carrying amount of $11,434 million.The company’s revenues exceeded $1 […]
OnlyFans, the adult content giant, has made a daring shift into Ethereum, investing $19.889 million into the digital currency. Despite an impairment loss of $8.455 million, the platform still holds a carrying amount of $11.434 million. This move reflects a broader trend of global businesses investing in Ethereum, which currently trades at $1,643.71 and has […]
Ben Armstrong, the influential figure behind BitBoy Crypto, has reportedly left the company, leaving the crypto community in speculation. According to a screenshot shared by Bitcoin author “Jason A. Williams on X, Armstrong’s exit from Hit Network/BJ Investment Holdings and all its subsidiary brands, including BitBoy Crypto and Around The Blockchain,” is effective immediately. Armstrong […]
Fenix International Limited, the parent company of the adult content subscription platform OnlyFans, has made a significant investment in Ethereum (ETH). The company’s financial statement for 2022 reveals a purchase of Ether worth $19.889 million. Despite the volatile nature of the crypto market, the purchased ETH had an impairment loss of $8.455 million, bringing the […]
PayPal, a payment giant based in San Jose, California, has announced the launch of its own stablecoin, PYUSD, in partnership with Paxos Trust Co. This digital currency is backed by deposits denominated in US dollars, along with short-term Treasuries and comparable cash equivalents, to ensure a secure and reliable peg to the US dollar. The […]
Solana Labs has announced the integration of its decentralized payment protocol, Solana Pay, with e-commerce giant Shopify. This integration will enable millions of businesses operating on the Shopify platform to leverage Solana Pay for their payment needs. Initially, USDC payments will be accepted, but more crypto-assets will be added in the future.The integration of Solana […]
Ronaldinho, one of the greatest soccer players of all time, is being investigated by Brazilian authorities over allegations that he may have been involved in a cryptocurrency scam. The scheme, called “18kRonaldinho”, promised investors generous returns of 2% per day if they invested at least $30 in digital currencies. Ronaldinho was an ambassador for the […]
Coinbase has announced that it will be adding PayPal’s new stablecoin, PayPal USD (PYUSD), to its listing roadmap. The digital asset is designed to maintain a 1:1 peg with the US dollar and is built on Ethereum. PayPal customers can buy and sell PYUSD through the PayPal app and website and convert it to other […]
