In an email to employees on Wednesday, Soto-Wright detailed the cuts, which include role eliminations, relocations, and structural changes. Although the email did not specify the number of employees affected, LinkedIn records suggest around 30 people, given MoonPay’s current headcount of nearly 300. A MoonPay spokesperson confirmed the email’s contents to The Block but declined…
Trade Analysis on Wednesday: 1H Chart of the GBP/USD Pair The GBP/USD pair also traded with an upward trend on Wednesday. Three reports were published in the UK and the US throughout the day, which could have influenced the pair’s movement. The UK Services PMI did not show a significant value. The US ADP employment…
The saga of Ethereum ETFs in the US continues with a new twist: cautious optimism. After the US Securities and Exchange Commission’s unexpected green light for spot Ethereum ETFs in May, investors have been eagerly awaiting the launch date. But according to SEC Chair Gary Gensler, patience remains key. Gensler Throws Cold Water On Rapid…
The Bitcoin breakout looks to be happening, as the king of the cryptocurrencies gets above $71,500. Various altcoins are following suit, and Injective Protocol (INJ) and Binance Coin (BNB) are chief among these. Bitcoin break awaiting daily confirmation The long-awaited Bitcoin breakout finally appears to be happening. Up 1.6% on the day, $BTC is currently…
TL;DR The approval of spot BTC and ETH ETFs has led to speculation about the potential launch of a spot XRP ETF in the US, with Ripple’s CEO Brad Garlinghouse suggesting it’s “inevitable.” However, the ongoing legal battle between the company and the SEC over allegations of unregistered securities offerings might complicate the green light…
3 Reasons Why Risk Averse Investors Could Trade Penny Stocks Penny stocks often attract investors looking for substantial returns on small initial investments. Despite their reputation for high volatility, there are compelling reasons why even risk-averse traders might consider adding them to their portfolios. Firstly, the potential for rapid growth can be significantly higher with…
Dogecoin is moving higher above the $0.160 resistance zone against the US Dollar. DOGE is holding gains and might aim for a move above $0.1650. DOGE price is moving higher above the $0.160 resistance zone. The price is trading above the $0.160 level and the 100-hourly simple moving average. There is a key bullish trend…
Stitch Fix (NASDAQ: SFIX) came out with a quarterly loss of $0.15 per share versus the Zacks Consensus Estimate of a loss of $0.25. This compares to loss of $0.17 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 40%. A quarter ago, it…
In a recent flurry of activity within the cryptocurrency market, Shiba Inu (SHIB) has seen a significant increase in trading volume and price. According to the latest report from Lookonchain, a notable $35.2 million was invested into purchasing approximately 1.356 trillion SHIB by nine wallets, which include two prominent whale accounts. These transactions occurred over…
Spotware Systems has launched tailored offers for new brokerages and prop firms in a move that aims to help them accelerate their market entry with the proper technology and support. The trading technology provider known for the popular trading platform, cTrader, has built an ecosystem of fintech solutions and infrastructure for over 14 years. With…