By Yashu Gola, The meme cryptocurrency is hinting at undergoing a price rebound as it paints a classic bullish continuation setup. Meme-cryptocurrency Shiba Inu (SHIB) has lost more than 50% of its market valuation in three weeks since its all-time highs in late October. SHIB’s price dropped to as low as $0.00004251 on Nov. 19 after […]

By Tyler Durden, After three years on top, JPMorgan – the largest US bank by assets and market cap – was dethroned in November 2020 from its position as the world’s most systematically important bank. As a reminder, while some might see CEO Jamie Dimon ‘flexing’ over Elon Musk (and others), being the most systemically-important bank is more […]

By Tyler Durden, It appears the recent surge in rates has finally ‘triggered’ the central bankers into action. First one out of the gate is ECB President Christine Lagarde, who said at a EU Parliament event ths morning that The ECB is closely monitoring nominal bond yields to judge whether financing conditions in the euro area […]

By Tyler Durden, China’s Ministry of Finance has officially asked Deloitte to conduct an internal investigation after a Beijing employee anonymously went whistleblower and alleged auditing violations, according to China Daily. An employee sent out a 55 page PowerPoint deck to every employee’s email alleging auditing violations in China “citing incidences involving New York-listed companies”. “The […]

By Christine hall, Online investment platform Vested Finance is developing an avenue for Indian investors to invest in the U.S. stock market. The company, headquartered in San Francisco, raised $3.6 million in seed funding to accelerate product development and hire talent across the U.S. and India. “Investing in the U.S. market is not a new idea, but […]

By Zhiyuan Sun, Although privacy coins grant users unparalleled protection for their personal information, some fear they can easily be used for illicit purposes. In an email quoted by Reddit users, Kraken, the world’s eighth-largest cryptocurrency exchange by trading volume, announced it would be delisting privacy coin Monero (XMR) in compliance with regulations in the United Kingdom. The platform […]

By Tyler Durden, Update (1305ET): Hours after the NYT published its report about the details of Biden’s “human infrastructure plan,” Bloomberg followed up with a series of headlines that sent markets reeling: Biden is set to propose a capital gains tax as high as 43.4% for the wealthiest Americans. For context, the top rate is […]

By Tyler Durden, It’s been a while since Wall Street banks recommended anything to do with either gold or gold stocks, but in a surprising reversal, last week one of Wall Street’s biggest bulls Credit Suisse said that the time has come to use gold stocks as a risk off diversifier, while seeing material upside […]

By Osato Avan Nomayo, INX has reportedly raised $125 million from investors to build a fully regulated trading platform for crypto and security tokens. INX Limited has completed the first-ever Securities and Exchange Commission-approved token sale event via an initial public offering. According to a release issued by the company, the blockchain trading platform raised $85 million […]

By Johnny Lyu, Think of how essential the internet is to everyday life now — that’s what the Metaverse could become in a lot less time than the internet did. Neal Stephenson, a popular sci-fi writer coined the phrase “metaverse” in his first best-selling and breakthrough 1992 novel, Snow Crash. Now that concept is becoming a […]