CME Group and GMS have been highlighted as Zacks' Bull and Bear of the Day. CME Group's strong Q4 earnings and solid guidance boost its stock, while GMS' disappointing Q4 earnings and weak guidance weigh on its shares.
President Trump signs landmark crypto law, repealing Biden-era IRS rule targeting DeFi platforms. The law aims to promote innovation and transparency in the cryptocurrency space, while also providing relief to DeFi users and developers.
Asia Broadband opens second registration to non-shareholders and media for plant tours of its gold processing facility, allowing a limited number of attendees to witness the company's gold processing operations.
Asia Broadband opens second registration for non-shareholders and media to visit its gold and silver ore processing facility in Etzatlan, Mexico. Plant tours begin May 12th.
Asia Broadband opens second registration to non-shareholders and media for plant tours of its gold and silver ore processing facility, beginning May 12th in Etzatlán, Mexico.
New York State Assembly introduces bill to legalize Bitcoin and crypto payments, allowing businesses to accept digital currencies as a form of payment. The bill aims to promote innovation and economic growth by recognizing the legitimacy of cryptocurrency transactions.
Bexback launches a Double Deposit Bonus, 50% welcome bonus, and 100x leverage for crypto trading with no KYC requirements, offering a unique trading experience for its users.
Hex Whale, a pseudonymous trader, suffered a massive $100 million loss due to a botched trade, sparking a psychological earthquake in the crypto market. The incident highlights the risks and consequences of high-stakes trading, as well as the emotional toll on traders.
Swedish MP proposes creating a bitcoin reserve to stabilize the country's economy. The proposal suggests the government set aside 1% of its foreign exchange reserves in bitcoin to reduce dependence on fiat currencies and create a hedge against inflation.
HashKey, a Hong Kong-based fintech company, has been approved to offer crypto staking services in the territory, marking a significant milestone in the development of the city's digital asset industry.
Block, a digital banking platform, has agreed to pay a $40 million penalty for failing to implement effective anti-money laundering (AML) controls, leading to repeated violations of US sanctions and AML regulations. The settlement with the US Treasury Department's Office of Foreign Assets Control (OFAC) and the Financial Crimes Enforcement Network (FinCEN) requires Block to improve its AML program and reporting.
Block Inc, formerly Square, faces a $40 million fine for allegedly failing to properly oversee Bitcoin transactions, leading to inadequate risk assessments and poor compliance with anti-money laundering regulations.
Top analyst, PlanB, predicts a Bitcoin breakout is imminent, citing a 208,550 level as the next stage of growth. This comes after a prolonged consolidation phase, with PlanB attributing the upcoming move to increased institutional investment and a shift in market sentiment.
House of Doge and 21Shares partner to launch Dogecoin ETPs globally. The collaboration aims to bring Dogecoin to the mainstream by providing institutional investors and retail traders with a regulated and transparent way to invest in the popular cryptocurrency.
Cryptopunks, a series of Ethereum-based NFTs, has sold for $6 million. The 24 unique digital collectibles, created by Matt Hall and John Watkinson, feature pixelated characters with unique attributes. Each NFT is stored on the Ethereum blockchain, ensuring its scarcity and ownership. The sale marks a significant milestone in the growth of the NFT market.
Binance has added support for Babylon Baby, a new Bitcoin (BTC) staking protocol. The protocol allows users to stake their BTC and earn rewards without having to hold the underlying asset. This move aims to increase adoption and accessibility to staking for a wider audience.
Bitcoin's primary function is not facilitating transactions, but rather serving as a store of value and a unit of account. Its decentralized nature and limited supply make it an attractive alternative to fiat currencies and a potential hedge against inflation. The notion that Bitcoin is a payments platform is a misconception that has led to its underutilization as a store of value.
The US Securities and Exchange Commission (SEC) has dismissed a lawsuit against Helium, a decentralized data network, citing lack of jurisdiction. The SEC had alleged that Helium's token sale violated securities laws, but the dismissal allows Helium to continue its operations.
Bitcoin miners are adapting to Trump's tariffs by seeking alternative mining equipment suppliers and exploring new markets. As China's dominance in the mining industry is disrupted, miners are turning to US-based companies and exploring opportunities in countries like Canada and Malaysia.