Aehr Test Systems Uptrend Continues, Touching New High

Shares of semiconductor test and reliability qualification equipment supplier Aehr Test Systems (AEHR) are climbing more than 12% Monday morning and touched a new high of $8.74. The stock has been trending up, and during the past one month it has gained over 47%. Year-to-date, it has skyrocketed 344%. Today, however, there have been no… Continue reading Aehr Test Systems Uptrend Continues, Touching New High

Central Bank Of Nigeria Selects Bitt As Technical Partner For CBDC Project

The Central Bank of Nigeria (CBN) has selected Barbados-based fintech company Bitt Inc. as the technical partner for its Central Bank Digital Currency, named eNaira, which is expected to be launched later in 2021. Bitt was selected from among highly competitive bidders based on the company’s technological competence, efficiency, platform security, interoperability, and implementation experience.… Continue reading Central Bank Of Nigeria Selects Bitt As Technical Partner For CBDC Project

American Eagle Outfitters Drops 8% As Quarterly Sales Fall Shy Of Consensus

Shares of American Eagle Outfitters, Inc. (AEO) are down more than 8% Thursday morning after the lifestyle, clothing, and accessories retailer’s second-quarter sales missed view. Revenue for the quarter increased 35% year-over-year to $1.194 billion, but fell short of the average estimate of 11 analysts polled by Thomson Reuters at $1.23 billion. The company reported… Continue reading American Eagle Outfitters Drops 8% As Quarterly Sales Fall Shy Of Consensus

No Rule Against Bitcoin, ETH or XRP Insider Trading at SEC Leaked Email Reveals

The United States Securities and Exchanges Commission (SEC), which has claimed jurisdiction over XRP, has no rules against holding or trading the crypto according to an email by the SEC. “Our Ethics Office has a ‘Prohibited Holdings’ list pertaining to securities that fall within 5 C.F.R. 4401.102(c)(1). BTC, ETH, and XRP have never appeared on… Continue reading No Rule Against Bitcoin, ETH or XRP Insider Trading at SEC Leaked Email Reveals

Bitcoin Price Torn Between Breaking These Levels Even As Exchange Inflows Surge

Despite Bitcoin’s recent recovery from June’s lows showing signs of exhaustion in the past week, stats are still signaling sustained growth of inflows into exchanges and a steady accumulation in the number of wallets with Non-zero balances. Since prices slightly crossed above and recoiled below the $50,000 psychological level a week ago, traders seem to… Continue reading Bitcoin Price Torn Between Breaking These Levels Even As Exchange Inflows Surge

Prominent Crypto Analyst Says Bitcoin Could ‘Go Nuts’ Starting in November

Popular trader and on-chain analyst Willy Woo says Bitcoin is poised to “go nuts” in the coming months as a result of increased accumulation by long-term holders.  During an interview on a recent episode (released on August 27) of the “What Bitcoin Did” podcast, Woo said that long-term holders and institutions — those with wallets… Continue reading Prominent Crypto Analyst Says Bitcoin Could ‘Go Nuts’ Starting in November

Ethereum Mining Revenue Tops Bitcoin's for Fourth Month Running

Courtesy of the unparalleled hype around non-fungible tokens, Ethereum’s mining revenue has increased by more than 60% in the month of August. While the Ethereum mining revenue for the month of July was north of $1.08 billion, that figure has reached $1.65 billion in August. Likewise, Bitcoin mining revenue witnessed a boost as the prices… Continue reading Ethereum Mining Revenue Tops Bitcoin's for Fourth Month Running

“Bitcoin Is About To Make Fiat Institutions Like The IMF Obsolete,” Says Market Analysts

The cryptocurrency industry’s growth has drawn a lot of attention, especially in 2021. Commentators in government at the international and national levels have had to express their stance on the industry and in particular, Bitcoin – which is the largest cryptocurrency by market valuation as well as the pioneer cryptocurrency. One such commentator, the International… Continue reading “Bitcoin Is About To Make Fiat Institutions Like The IMF Obsolete,” Says Market Analysts

Zventus Set To Modernize Legacy Mortgage Processes With Blockchain

Business services provider Zventus has launched a blockchain lab for the financial services industry, specifically focused on modernizing the mortgage sector. The new Mortgage Blockchain Lab will focus on developing new products, services, and solutions to enhance the loan process. Zventus’ core competencies is combined with blockchain innovations to make mortgage loans more secure, easier… Continue reading Zventus Set To Modernize Legacy Mortgage Processes With Blockchain

Bitcoin ATM Operators Form Consortium To Tighten Compliance Standards

Leading Bitcoin ATM operators such as DigitalMint and Coinsource, have led a consortium to form the Cryptocurrency Compliance Cooperative (CCC) that will focus on establishing compliance standards for the cash-to-cryptocurrency industry, including Bitcoin ATM operators. The compliance standards are currently deemed by many to be insufficient. The CCC will advocate on behalf of the cash-to-cryptocurrency… Continue reading Bitcoin ATM Operators Form Consortium To Tighten Compliance Standards

Jack Dorsey's Square Sets Out To Build A Decentralized Bitcoin Exchange

Jack Dorsey, CEO, and founder of Square has announced that the payments company’s recently established department, TBD, will be building a decentralized exchange (DEX) for Bitcoin. “We’ve determined @TDB54566975’s direction: help us build an open platform to create a decentralized exchange for Bitcoin,” Dorsey said in a recent tweet. TBD was first announced in July… Continue reading Jack Dorsey's Square Sets Out To Build A Decentralized Bitcoin Exchange

Australian Entrepreneur Wants to Give Free Bitcoin to Locals Taking Covid Vaccine

An Australian entrepreneur with an estimated net worth of around $180 million has announced a plan to give away AU$5 worth of Bitcoin to every local who gets the COVID-19 vaccine.  According to a report (published on August 18) by the UK’s Daily Mail, millionaire and entrepreneur Fred Schebesta wants to incentivize Australian residents to… Continue reading Australian Entrepreneur Wants to Give Free Bitcoin to Locals Taking Covid Vaccine

Morgan Stanley Buys 6.5 Million Grayscale Bitcoin Trust Shares

Morgan Stanley investments funds have acquired over 6.5 million shares in Grayscale Bitcoin Trust (GBTC) in a move that comes as other large financial institutions eye ways to give their clients exposure to the cryptocurrency space. According to SEC filings, spotted by Decrypt, from the company, Morgan Stanley invested in GBTC across more than a… Continue reading Morgan Stanley Buys 6.5 Million Grayscale Bitcoin Trust Shares

Bitcoin Makes History, Sets New Exchange Inflow Record of 1.68 Million BTC

Bitcoin, the largest cryptocurrency, recently made a new two-year record after closing the day with an exchange inflow of 1.68m BTC. The coin replicated and slightly surpassed the record it set in June 2019 of about 1.68m BTC. Investors and analysts are already expecting volatility in the coin’s value.  BTC Making History On Wednesday, Bitcoin… Continue reading Bitcoin Makes History, Sets New Exchange Inflow Record of 1.68 Million BTC

Highly-Anticipated U.S. Bitcoin ETF Likely To Launch In October, Bloomberg Analysts Predict

Eric Balchunas and James Seyffart – Bloomberg’s in-house ETF analysts – on Tuesday published an investor note that predicts that a Bitcoin ETF approval may likely arrive in October. They suggest that the recent Ethereum futures ETF withdrawal that ProShares and VanEck made could be an indicator that things are beginning to move rapidly in… Continue reading Highly-Anticipated U.S. Bitcoin ETF Likely To Launch In October, Bloomberg Analysts Predict

Switzerland: High-End Luxury Hotel Now Accepts Bitcoin (BTC), Ether (ETH) Payments

Switzerland-based luxury hotel The Chedi Andermatt now accepts payments in bitcoin and ether, Bloomberg reports, August 27, 2021. The Chedi Andermatt Embraces Crypto Payments Five-start Chedi Andermatt controlled by billionaire Samih Sawiris recently announced it would allow guests to use digital currencies to pay for their stay in the Swiss Alps. Notably, the five-star will… Continue reading Switzerland: High-End Luxury Hotel Now Accepts Bitcoin (BTC), Ether (ETH) Payments

UK Billionaire Simon Nixon to Upraise Investments in Crypto

British Billionaire and co-founder of MoneySupermarket.com, Simon Nixon, intends to increase his investments in cryptocurrencies as the world’s ultra-rich embrace digital assets. According to Adam Proctor, a managing director for Nixon’s London-based firm Seek Capital, the family office aims to advance its crypto allocation.  Crypto Appetite According to the London-based venture capital firm Seek Ventures,… Continue reading UK Billionaire Simon Nixon to Upraise Investments in Crypto

Build-A-Bear Workshop Adds 11% On Reporting Improved Quarterly Results

Shares of specialty retailer Build-A-Bear Workshop, Inc. (BBW) are climbing more than 11% Thursday morning after reporting improved second quarter results. Net income was $6.8 million, or $0.42 per share in the second quarter compared with net loss of $13.9 million, or $0.93 per share, in the same quarter a year ago. Excluding items, earnings… Continue reading Build-A-Bear Workshop Adds 11% On Reporting Improved Quarterly Results

Banking Behemoth Morgan Stanley Quietly Grabs More Bitcoin (BTC) Exposure

Bitcoin investments are trending amidst major financial institutions and banking giant Morgan Stanley has been active in this regard. Morgan Stanley, one of the largest banks in the United States, has invested millions of dollars in Bitcoin through its various funds despite the bearish discourse prevailing among crypto analysts until recently. Twitter User MacroScope was… Continue reading Banking Behemoth Morgan Stanley Quietly Grabs More Bitcoin (BTC) Exposure

New TikTok Policy Blocks Crypto-content, Influencers Moving Elsewhere

Popular social media platform TikTok, owned by Chinese company ByteDance, has been removing content related to cryptocurrencies, making it impossible for influencers to post anything related to crypto. An advanced algorithm that spots certain words in videos, graphics and any other form of content was built by the TikTok authorities to protect the users from… Continue reading New TikTok Policy Blocks Crypto-content, Influencers Moving Elsewhere

BTC Price Plunges Shortly After MicroStrategy Announcement of 3,907 Bitcoin Purchase for Roughly $177M

On August 24th, MicroStrategy acquired some extra 3,907 bitcoins at about $177 million in cash. MicroStrategy Incorporated CEO Michael Saylor made this announcement via Twitter. The Firm Is On a Bitcoin Acquisition Spree The US-based NASDAQ-listed business intelligence firm is said to be on a bitcoin acquisition binge. The firm purchased almost 4,000 bitcoins at… Continue reading BTC Price Plunges Shortly After MicroStrategy Announcement of 3,907 Bitcoin Purchase for Roughly $177M

No Bitcoin, Ethereum ETFs This Year? VanEck's ETF Withdrawal Triggers Major Speculation

Investment management firm, VanEck, has withdrawn its recently filed Ethereum Strategy exchange-traded fund (ETF) application from the table of the Securities and Exchange Commission (SEC). VanEck last week announced that it had determined not to go ahead with the offering “at this time.” At the same time, ProShares, another assets management firm also pulled out… Continue reading No Bitcoin, Ethereum ETFs This Year? VanEck's ETF Withdrawal Triggers Major Speculation

BlueLinx Adds 10% After Announcing Share Buyback

Shares of wholesale distributor of building products BlueLinx Holdings Inc. (BXC) are up more than 10% in the morning trade on Tuesday at $61.10. Monday the company announced that its Board has authorized a share buyback program of up to $25 million. “Given the strong performance of our business during the past year, coupled with… Continue reading BlueLinx Adds 10% After Announcing Share Buyback

El Salvador President Bukele Comments Ahead of Bitcoin (BTC) Law Implementation

President Nayib Bukele of El Salvador has reassured residents that the Bitcoin Law implementation scheduled for September 7 will have positive life-changing effects on the masses, contrary to the “lies” being spread by members of the opposition party, according to a Twitter thread on August 23, 2021. El Salvador’s Bitcoin Integration Push Goes On At… Continue reading El Salvador President Bukele Comments Ahead of Bitcoin (BTC) Law Implementation