Latest Articles
Bitcoin Price Tops $50K for the First Time Since Mid-April
By Darya Rudz
• 3 mins read
Bitcoin price is growing along with the soaring BTC futures volume. Traders are becoming ‘modestly bearish’ on futures, according to the monitoring resource Material Indicators.
Palantir Buys Nearly $51 Million in Gold Bars to Hedge Against ‘Black Swan Events’
By Darya Rudz
• 3 mins read
As Palantir COO Shyam Sankar explained, such a heavy investment in gold is a hedge against ‘black swan events’.
Fidelity Says 90% of Its Biggest Clients are Asking about Bitcoin
By Darya Rudz
• 3 mins read
Such an interest resulted from the COVID-19 pandemic. Before, there was attention from institutional investors, but nobody considered serious investments in cryptos. However, as high-profile investors began to talk about Bitcoin as a hedge against inflation, the fire started.
TikTok Partners with Music Streaming Platform Audius to Launch TikTok Sounds
By Darya Rudz
• 3 mins read
On Monday, the TikTok sharing feature went live for all Audius users. The deal with TikTok is a huge step towards an influx of new music artists and their popularity growth.
Adidas to Sell Reebok Business to Authentic Brands in $2.5 Billion Deal
By Darya Rudz
• 3 mins read
According to Adidas, the new transaction will not change its financial outlook for this year. It will also not impact its previously announced long-term targets. The main part of the 2.1 billion euros will be paid in cash.
Reddit Valuation to Reach $10B in New Funding Round Led by Fidelity Investments
By Darya Rudz
• 3 mins read
Back in February this year, Reddit raised $410 million from Fidelity in a Series E funding round. The total funds brought by the round made up $500 million, which made the company’s valuation total $6.5 billion.
Coinbase Blows Away Estimates with $1.9B in Q2 Transaction Revenue, COIN Stock Tanks
By Darya Rudz
• 3 mins read
Despite great results in Q2, Coinbase stock plunged yesterday. It closed at $269.67, or 3.85% down, with a $58.98 billion market cap. After hours, its price slightly rebounded to $271.88.
Senate Rejects Crypto Tax Amendment to Infrastructure Bill
By Darya Rudz
• 3 mins read
Apart from clear crypto regulation, the bill seeks to fund $1 trillion in both infrastructure maintenance and new initiatives like electric vehicle charging stations. It is the first part of Biden’s infrastructure agenda.
Marvel to Launch Spider-Man NFTs This Week
By Darya Rudz
• 3 mins read
Marvel first announced its line of NFTs at the end of June. Spider-Man will be the first NFT set the company is launching in partnership with VeVe. Later, more collectibles will come.
Final Photoshoot of Chris Cornell Will Be Sold as NFTs
By Darya Rudz
• 3 mins read
The sale of NFTs will start tomorrow, August 5, at 12 am ET via Cryptograph, a publishing and auction platform of digital creations. According to its website, the proceeds from the auction will partly go to Phoenix House.