This category covers crypto market news today, including crypto index trends, major exchange data, capital flows, sentiment shifts, regulation impact and crypto’s interaction with traditional finance. Designed to help you understand the forces driving valuation across tokens, sectors and regions.
Viacom and CBS announced a merger but it seems that the company will still be not big and powerful enough to be competitive with such giants as Netflix.
Grayscale, an investment firm, purports that Bitcoin is a sensible hedge against the growing market fluctuation catalyzed by the US-China trade conflict.
Overstock.com subsidiary tZERO announced that its preferred equity security tokens are now available to be resold to non-accredited investors.
The SEC has delayed its decision for listing VanEck to Oct. 18, while Bitwise’s listing on NYSE Arca will be delayed to Oct. 13. The decision on Wilshire Phoenix’s United States Bitcoin and Treasury Investment Trust has been postponed until Sept. 29.
Rakuten Inc. reported an unexpected quarterly loss, hit by the depressed value of its investment in ride-hailing firm Lyft Inc. and heavy spending on a new wireless service.
Worldpay’s second-quarter earnings per share were of $1.24 that beat the average analyst estimate of $1.18. Though FIS and Worldpay are looking for diversification, just getting under the one roof won’t automatically maximize their value.
Uber has disclosed earnings for the second time since becoming a public company, reporting revenues of $3.16 billion on losses of $5.2 billion for the second quarter of 2019.
Overstock is opening up trading on its security token market, tZERO, to all traders. Retail investors will now be able to trade on the platform starting August 12.
It is said that Apple is being investigated by the Russian anti-monopoly watchdog. Kaspersky Lab filed a complaint pointing out that the company might be abusing its dominant positions in the market.
Lyft (LYFT) stock climbed 13% after hours but gave up early gains after the company announced share lock-ups would expire on August 19, 2019, rather than a previously scheduled date in September.
Amazon (AMZN) is on the hunt for a software development engineer to develop an Amazon advertising blockchain. They posted a job offer seeking for a development engineer for their advertisement blockchain.
Disney missed Wall Street expectations in its Q3 earnings report. DIS stock fell 3.7% in after-hours trading. Disney blamed the earnings miss on the ongoing integration of Fox’s entertainment assets, which it acquired in a $71B deal closed in March.
Tesla (TSLA) project Dojo was revealed during the recent Tesla Autonomy Investor Day held a few weeks ago. Elon Musk mentioned the Dojo as the key to labeling visual data, which is currently a very difficult task.
Following China’s extreme devaluation of the Yuan, the U.S. Treasury Department has labeled China a “currency manipulator.” Global stocks are already taking hits and economists believe a global recession is likely.
Global markets, mostly in Asia, are beginning to feel serious impact from the China-U.S. trade war as stocks set record losses, triggering emergency meetings and threats of protest.