Briefly – Polygon launched a zero-knowledge technology-powered Polygon ID. MATIC reacted by surging 25% within the past 24 hours, Maintaining the current bullish run might see the token surging further. Polygon (MATIC/USD) is an ETH scaling solution designed to allow developers to create various apps on it. It uses the Polygon SDK to offer a … Read more
Adyen gained increased traction within the industry due to its sole business model. While competition remains high, Adyen seems an attractive stock to buy now. Investors should not ignore the payment processor. The worldwide card payment industry will likely grow swiftly in the upcoming years. Nilson Report believes global card transaction volume will hit $52.4 … Read more
Briefly – Fed hiked interest rates by 75 basis points. The goal is to push rates beyond neutral at around 100bp. More impending hikes. 2022 seems a historic year for monetary decisions by central banks. The European Central banks conducted an emergence conference yesterday, following last week’s daunting task. Nevertheless, the market had no time … Read more
Briefly- Shopify has weakened within the past couple of months. The firm’s market capitalization declined to $44 billion from $250 billion. The pessimistic pennant setup suggests a bearish breakout. The Shopify stock saw its price on massive bearishness within the past couple of months as investors reacted to the firm’s slow growth. It trades under … Read more
Due to the downward trend in the crypto market, several investors have sold their crypto holdings. Many crypto holders converted their digital currencies to stablecoins such as USDT. Since the price of most stablecoins is pegged to the dollar, it may offer some stability. Also, over 1 trillion dollars was lost in the current bearish … Read more
Various institutions continue to integrate blockchain technology into their operations. This integration is due to the enormous benefits such as speed and security that the new tech offers. Recently, JPMorgan has joined the trend. The company now uses blockchain tech for collateral settlement. This will allow investors to use various assets as collateral. BlackRock Assets … Read more
The environmental effect of BTC mining has become a hot topic in recent months. The climate campaigners keep claiming that PoW mining is too energy-intensive. But, according to Daniel Batten, BTC mining could reduce global carbon emissions by 5.32%. If BTC mining firms target methane emissions, they could prevent 0.15% global warming by 2045. BTC … Read more
The Chief Executive Officer of the Commonwealth Bank of Australia (CBA), Matt Comyn, is certain that his institution will proceed with the second trial of cryptocurrency services on its mobile app once the regulatory ambiguity is resolved. Second Test On Crypto Trading Placed On Hold The CBA has decided to shelve its plans for a … Read more
Satoshi Nakamoto developed BTC to function as a decentralized substitute for the existing centralized financial system. However, the CEO of FTX, Sam Bankman-Fried, stated that he does not believe Bitcoin will ever become a viable payments network. Sam Bankman-Fried States Bitcoin Is Inefficient And Can’t Be Used On Large Scale In an interview with Financial … Read more
BTC is enjoying a dead cat bounce following its worst drop of the year. Bitcoin is currently trading at $30.5K, up from this week’s low of $25.3K. It has dropped drastically from its ATH of about $70K. So, how long will this recovery last? BTC’s Comeback The Bitcoin price has risen as speculators hurry to … Read more
