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Alphabet’s decision to completely divest from Robinhood raises questions about the tech giant’s confidence in the long-term viability of the once-burgeoning fintech darling. In a recent development, Alphabet Inc (NASDAQ: GOOGL), the parent company of Google, announced the dissolution of its stake in the trading app operator, Robinhood Markets Inc (NASDAQ:
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Pascal Gauthier, CEO and chair of hardware crypto wallet manufacturer Ledger, has announced the firm will be reducing its staff by 12%.In an Oct. 5 blog post, Gauthier said the staff cuts had been made “for the longevity of the business,” citing the 2022 bear market and the collapse of
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2023 has been a whipsaw year for investor sentiment and even though equities markets have defied expectations, a recent report from ARK Invest highlights reasons why the remainder of 2023 could present several economic challenges. ARK manages $13.9 billion in assets, and its CEO, Cathie Wood, is a strong advocate for
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Although a clear regulatory framework for digital assets has yet to be established in the United States, PayPal — one of America’s largest financial technology companies — announced on Aug. 7 its U.S. dollar-pegged payment stablecoin, PayPal USD (PYUSD). A PayPal spokesperson told Cryptox that PYUSD is important because mainstream adoption
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During the past week, Coinbase and Binance encountered challenges due to increased regulatory scrutiny, coinciding with bearish market conditions following the US Securities and Exchange Commission’s (SEC) charges. Binance faced additional regulatory obstacles on a global scale, while its US-based counterpart, Binance.US, successfully settled with the SEC, preventing a complete
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Bitcoin (BTC) and crypto may yet see a long-term correction thanks to central banks keeping liquidity tight, Bloomberg warns.In its latest research, Bloomberg Intelligence revealed cool stance on the ongoing 2023 crypto market rally.Bloomberg: Expecting BTC price to hold "may be illogical"Despite gaining 70% in Q1, Bitcoin is not convincing
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Cryptocurrency had a great Q1 2023, even with major regulatory enforcement actions in large markets like the U.S. and E.U. Bitcoin rose over 70% from the beginning of the year, and other tokens also saw gains. Bitcoin opened up 2023 at the $16,500 level, and as of March 31, BTC is
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Mask Network’s MASK token surged over 68%, becoming the top-performing token for the month. XRP rose 41%. Source
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The highly anticipated launch and airdrop of Arbitrum's native governance token ARB took place on March 23, creating a buzz around the layer-2 protocol as hundreds of thousands of eligible users and DAOs tried to claim the token. Overwhelming user demand led the airdrop claim page to crash shortly after
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Despite seeing a surge in product demand for Q4 2022, Boeing sustained a gigantic $663 million loss due to macroeconomic constraints. Boeing (NYSE: BA) recently posted its Q4 2022 financial report, which showed a losing effort characterized by labor and supply strains. The American aeronautics manufacturing giant posted a loss of $663 million
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