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.
Amazon broadcasted mixed second-quarter results, scaling the purported sales predictions but missed the mark on income valuations as the AMZN stock drops $15 in after-hours trading.
Google (GOOGL) records almost 10 percent increase in stock for the year’s second quarter. The official report also shows 13 percent increase in Traffic Acquisition Cost, hitting $7.24 billion.
Apple Inc purchased the majority of Intel Corp’s modem business in a deal valued at $1 billion. The acquisition means that Apple is now well on the way to producing its own 5G modems for its smartphones.
Samsung has announced that it will be launching the previously suspended Galaxy Fold smartphone in September 2019. Postponed from its earlier April launch, major adjustments have now been made, increasing its durability.
The largest penalty of a whopping $5 billion levied against Facebook by FTC. A move will see Zuckerberg surrenders sole dominance over privacy decisions.
Tesla endured another round of financial losses despite pressure to become steadily profitable. Tesla (TSLA) lost $1.12 per share versus the expected loss of $0.31 per share. That means a loss of $408 million in the quarter on revenue of $6.3 billion.
TD Ameritrade CEO confirms REAL demand for Bitcoin, while the company braves up to integrate in-vehicle software platforms such as Amazon’s Echo Auto, Android Auto, and Apple CarPlay to customers trade stocks on their cars.
Microsoft has invested $1 billion in Elon Musk-founded artificial intelligence company OpenAI in an effort build supercomputer AI technologies for its Azure cloud services. The two companies will join forces to build large-scale AI systems for Azure.
The DOJ says that the antitrust probe aims to monitor any unlawful activities carried out by the tech giants who especially happen to have a huge dominance on internet-based services.
WeWork Cos. is looking to go public in September, people familiar with the company’s plans said, in what’s expected to be the second-biggest initial public offering of the year. The only bigger IPO would be the one of Uber.
The Fundament Group said that this will be the first-ever standardized and regulated security token backed by real-estate allowing users to trade global properties without any interference from the banks.
Roth Capital analyst thinks that Tesla (TSLA) stock could trade in a range. He points out that the company needs to finds a solution to fight the margin challenges arising out of higher battery costs and the growing competition.
Robinhood, the stock trading app, has achieved a Series E valuation of $7.6 billion after a successful $323 million funding round led by DST Global, Ribbit Capital, Sequoia, NEA, and Thrive Capital.
Allegedly, Fidelity’s cryptocurrency investment arm filed an application with the New York Department of Financial Service (NYFDS) and if approved the institutional brokerage will be allowed to offer crypto-custodial services in the state.
The latest Q2 reports show that IBM’s earnings and cloud revenue surpassed the projected street view while Bitcoin plunged below $10,000 as the US Senate has a go at Facebook’s Libra.