Cryptocurrency
Not bothered: Miners ‘not impacted by volatility’ in Bitcoin market
Not bothered: Miners ‘not impacted by volatility’ in Bitcoin market
Despite steadily declining prices of Bitcoin and turmoil on the markets today, some of the largest mining companies are unfazed and insist their operations will not be affected by negative price volatility.
Some even see it as an opportunity to gain market share as smaller competitors collapse.
Candidate supported by Bankman-Fried-linked PAC loses Oregon primary
Andrea Salinas has won the Democratic primary election for the newly created Oregon 6th District seat in the United States House of Representatives. Practically since it started, the election race was the object of intensive media attention, which most often centered around Salinas’ opponent Carrick Flynn, whose campaign was generously funded by the Protect Our Future political action committee (PAC) backed by billionaire FTX CEO Sam Bankman-Fried. The PAC paid for a flood of advertising supporting Flynn.
Salinas won the seat with 38% of the vote, while Flynn came in second at 19%, with the remaining votes split among seven other candidates.
Cryptocurrency
Socios fan tokens rally 40%+ after Chiliz rolls out mainnet upgrade and token burn plan
Socios fan tokens rally 40%+ after Chiliz rolls out mainnet upgrade and token burn plan
In times of high stress and market turmoil, sports entertainment has served as a valuable escape for people around the world as they get a chance to root for their favorite players and teams while briefly forgetting about the worries of the world.
Amid the ongoing market volatility and falling crypto prices, sports fans have cause to rejoice as multiple fan tokens have bucked the downtrend on May 18 to post 40% plus gains.
Was Terra’s UST cataclysm the canary in the algorithmic stablecoin coal mine?
The past week has not been an easy one. After the collapse of the third-largest stablecoin (UST) and what used to be the second-largest blockchain after Ethereum (Terra), the depeg contagion seems to be spreading wider.
While UST has completely depegged from the U.S. dollar, trading at sub $0.1 at the time of writing, other stablecoins also experienced a short period where they also lost their dollar peg due to the market-wide panic.
Asset-backed stablecoins were in favor during downturn, except for USDT
Are algorithmic stablecoins finished?
U.S. lodges third labor complaint in Mexico, on behalf of Panasonic workers
© Reuters. FILE PHOTO: A logo of Panasonic Corp is pictured at the CEATEC JAPAN 2017 (Combined Exhibition of Advanced...
Candidate supported by Bankman-Fried-linked PAC loses Oregon primary
Candidate supported by Bankman-Fried-linked PAC loses Oregon primary Andrea Salinas has won the Democratic primary election for the newly created...
Cisco shares slump as China lockdowns, Ukraine crisis hit outlook
© Reuters. FILE PHOTO: The Cisco Systems logo is seen as part of a display at the Microsoft Ignite technology...
Biden invokes Defense Production Act to increase infant formula supply
© Reuters. FILE PHOTO: Empty shelves show a shortage of baby formula at CVS in San Antonio, Texas, U.S. May...
Brazil’s govt will maintain GDP outlook for 2022 and 2023 -sources
© Reuters. FILE PHOTO: Consumers shop at a weekly street market in Rio de Janeiro, Brazil, September 2, 2021. REUTERS/Ricardo...
Socios fan tokens rally 40%+ after Chiliz rolls out mainnet upgrade and token burn plan
Socios fan tokens rally 40%+ after Chiliz rolls out mainnet upgrade and token burn plan In times of high stress...
JPMorgan cuts U.S. GDP estimates for 2022 and 2023
© Reuters. FILE PHOTO: Stacked containers are shown as ships unload their cargo at the Port of Los Angeles in...
Plotkin’s Melvin Capital to Wind Down – Report
© Reuters Plotkin’s Melvin Capital to Wind Down – Report Gabe Plotkin’s Melvin Capital Management, a hedge fund that lost...
Chevron, Schlumberger withdraw request for California carbon-capture permit
2/2 © Reuters. FILE PHOTO: The logo of Chevron Corp is seen in its booth at Gastech, the world’s biggest...
Factbox-U.S. companies offering abortion travel benefits
© Reuters. Signage is seen at an Amazon facility in Staten Island, New York City, U.S., April 24, 2022. REUTERS/Andrew...
New York state opens probe of social media platforms used by Buffalo shooting suspect
2/2 © Reuters. FILE PHOTO: Members of the Buffalo Police department work at the scene of a shooting at a...
Synopsys Shares Up 4% Following Q2 Beat, Upbeat Guidance
© Reuters. Synopsys Shares Up 4% Following Q2 Beat, Upbeat Guidance Synopsys (NASDAQ:SNPS) shares were trading more than 4% higher...
Under Armour CEO Frisk Steps Down After 5 Tumultuous Years
© Reuters. Under Armour CEO Frisk Steps Down After 5 Tumultuous Years Under Armour, Inc. (NYSE:UA), announced that Patrik Frisk...
Democrats warn abortion, voting rights at stake in Pennsylvania governor’s race
© Reuters. FILE PHOTO: Pennsylvania State Senator Doug Mastriano speaks at a protest against the state’s extended stay-at-home order to...
Was Terra’s UST cataclysm the canary in the algorithmic stablecoin coal mine?
Was Terra’s UST cataclysm the canary in the algorithmic stablecoin coal mine? The past week has not been an easy...
Massachusetts identifies first 2022 U.S. case of monkeypox infection
2/2 © Reuters. An electron microscopic (EM) image shows mature, oval-shaped monkeypox virus particles as well as crescents and spherical...
U.S. lodges labor complaint against Panasonic in Mexico
© Reuters. FILE PHOTO: A logo of Panasonic Corp is pictured at the CEATEC JAPAN 2017 (Combined Exhibition of Advanced...
Meta trademark filing hints at plans for crypto payments platform
Meta trademark filing hints at plans for crypto payments platform Social media giant Facebook (NASDAQ:FB)’s parent company, Meta, may be...
Cisco Shares Plunge 17% on Q3 Revenue Miss and Disappointing Outlook
Cisco Shares Plunge 17% on Q3 Revenue Miss and Disappointing Outlook Cisco Systems (NASDAQ:CSCO) shares dropped around 17% after-hours Wednesday...
Cisco shares plunge after China lockdowns, Ukraine crisis hits outlook
© Reuters. FILE PHOTO: The Cisco Systems logo is seen as part of a display at the Microsoft Ignite technology...
NASA set for Boeing’s Starliner uncrewed space capsule test
© Reuters. FILE PHOTO: The Atlas V rocket carrying Boeing’s CST-100 Starliner capsule is seen after the launch to the...
Under Armour CEO Frisk to step down
© Reuters. FILE PHOTO: Under Armour clothing is seen for sale in a store in Manhattan, New York City, U.S.,...
Turkey’s Erdogan links Sweden, Finland NATO bid to return of ‘terrorists’
© Reuters. FILE PHOTO: Turkey’s President Tayyip Erdogan holds a news conference during the NATO summit at the Alliance’s headquarters...
U.S. warns North Korea could greet Biden with nuclear, missile tests
© Reuters. FILE PHOTO: FILE PHOTO: North Korean leader Kim Jong Un walks next to what state media reports is...
Wall Street ends sharply lower as Target and growth stocks sink
Tesla cut from S&P 500 ESG Index, and Elon Musk tweets his fury
© Reuters. FILE PHOTO: The logo of car manufacturer Tesla is seen at a dealership in London, Britain, May 14,...
U.S. stocks lower at close of trade; Dow Jones Industrial Average down 3.57%
© Reuters U.S. stocks lower at close of trade; Dow Jones Industrial Average down 3.57% Investing.com – U.S. stocks were...
Cisco cuts results forecast on China lockdowns, Ukraine crisis; shares plunge
© Reuters. FILE PHOTO: The Cisco Systems logo is seen as part of a display at the Microsoft Ignite technology...
Stocks pummeled by growth worries, U.S. dollar climbs
2/2 © Reuters. A passerby wearing a protective face mask walks past an electric screen displaying a graph showing Japan’s...
Price analysis 5/18: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, AVAX, SHIB
Price analysis 5/18: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, AVAX, SHIB On May 17, United States Federal Reserve...
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