The Snap stock price crashed to a record low and flipped a crucial support level for the first time ever. It dropped to an all-time low of $5.9 after the company published its financial results and launched a large share buyback, a sign that the management expects it to rebound. Snap launches a share buyback
Alphabet stock (NASDAQ: GOOGL) plunged over 7% in the pre-market trading on Thursday, despite beating revenue and profit estimates for the fourth quarter. The sharp sell-off came despite some impressive milestones like cloud and search firing and annual sales topping 400 billion dollars for the first time. The investor caution began once executives unveiled a
The number of Americans filing new applications for unemployment benefits rose more than expected last week, highlighting short-term disruptions from severe winter weather even as the broader labour market continues to show signs of resilience. Initial claims for state unemployment benefits increased by 22,000 to a seasonally adjusted 231,000 in the week ended January 31,
Coinbase continues to expand its product suite with the launch of stock trading and prediction markets as it pushes toward becoming a fully integrated financial platform. According to a December 17 announcement, Coinbase has introduced a number of new features, including stock trading and access to prediction markets, among other additions. Stock trading goes live
Coinbase, the leading US cryptocurrency exchange, has appointed former UK Chancellor of the Exchequer George Osborne to chair its Global Advisory Council. The announcement elevates Osborne from his role as an advisor, which he assumed in January 2024. Osborne will focus on engaging governments globally to advance pro-crypto policies, particularly in areas such as stablecoin
Crypto exchange Coinbase has filed lawsuits against three US states over regulatory conflicts surrounding the classification of event contracts, as it hopes to secure federal protection for its newly launched prediction markets. Coinbase challenges state authority over prediction markets Per a Dec. 19 X post from the exchange’s chief legal officer Paul Grewal, Coinbase has
Coinbase stock price has sunk into a technical bear market in the past few months as sentiment in the crypto industry waned. It was trading at $250 on Tuesday, down sharply from the July high of $444. This article explores what to expect in the coming weeks. Coinbase stock price faces major risks ahead The
Ingenico is advancing its long-running crypto integration efforts with a new partnership that brings stablecoin payments directly to physical retail via a partnership with WalletConnect. According to a Jan. 13 announcement, the global payments terminal giant has teamed up with WalletConnect Pay to roll out native support for stablecoins at the point of sale. Stablecoin
Bermuda has unveiled a national initiative to integrate blockchain into every layer of its financial system as it hopes to become the world’s first fully on-chain economy. The plan was announced during the World Economic Forum annual meeting in Davos, with support from crypto giants Circle and Coinbase, who will provide the infrastructure and tools
The Senate’s push to set new rules for digital assets has hit a pause, with lawmakers redirecting attention to housing policy and Coinbase withdrawing its backing for the legislation. According to reports by Bloomberg and CoinDesk, the Senate Banking Committee will not return to the crypto bill immediately after postponing a planned markup hearing last