Your essential daily read: our featured Story of the Day highlights the most impactful development across crypto, blockchain, or regulation—curated for urgency, significance, and insight. Don’t miss what moves the market today.
With stellar results for the first quarter of this year, analysts have turned bullish and upgraded the Tesla stock price expecting returns of 40-60% by the end of this year.
A new report from Business Insider stated that data of over 500 million Facebook users was leaked and uploaded online for free. However, Liz Bourgeois who heads communications at FB stated that this was an old vulnerability patched in August 2019.
Tesla has enjoyed a good reign as the top EV manufacturer in the world but that position might be flipped in no time as many competitors are entering the evergreen electric vehicle industry space.
The record high attained by the S&P 500 as well as the other market indices rode on the back of strong gains in the tech sector as led by the FAANG stocks on Thursday.
Morgan Stanley said that nearly 12 of its mutual fund’s portfolios will get Bitcoin exposure either through cash-settled futures or via Grayscale.
Through the JUST NFT Fund, Sun has now acquired notable digital artworks including one from Beeple.
Coinbase public listing is a major milestone for the overall crypto community and will likely push more crypto firms to make their way to Wall Street. This will further boost new developments in the crypto space and bring legitimacy to the overall market.
According to the US Army announcement, Microsoft will deliver over 120,000 devices based on its HoloLens augmented reality headsets.
The US stock market may buckle amidst all uncertainties but confidence in the drivers of the economy can restore hopes for better days ahead.
Biden’s recovery plan includes stricter tax policies for multinational companies.
Goldman Sachs has a minimum threshold of $25 million investment for individuals, families and endowments under its wealth management business offerings. This shows massive money is coming to Bitcoin and the overall crypto market.
Rumors on PayPal’s Checkout with Crypto began on the 30th of March. Later in the day, PayPal CEO Dan Schulman confirmed this news.
Customers with Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), and Litecoin (LTC) held in their PayPal wallets can use these assets to complete any transaction by converting the digital assets to fiat currencies at checkout points.
The banking sector came under severe pressure as US-based Archegos Capital had to liquidate $20 billion worth of stocks owing to some of the over-leveraged positions.
Bitcoin price is highly correlated with the stablecoin market, thus making Visa Inc’s USDC incorporation key to the future of the crypto industry.