A significant increase of more than 100% in one day for Hedera’s HBAR token occurred due to a misunderstanding regarding BlackRock’s role in creating investment funds based on the Hedera blockchain. The misunderstanding stemmed from a statement by the HBAR Foundation that Archax and Ownera had tokenized BlackRock’s ICS US Treasury Fund on Hedera’s network. … Read more
Despite reporting stronger-than-expected sales and earnings for the first quarter, Meta’s share price dropped by 15%. Analysts had predicted lower sales and income figures, but Meta surpassed these estimates. Despite this, Meta’s investors showed disappointment when the company lowered its sales forecast for the upcoming quarter. The company’s revenue expanded by approximately 27%, reaching around … Read more
President Joe Biden has signed a law allowing for the potential removal of TikTok from US markets within 9 months. Owned by Chinese company ByteDance, this app’s assets must be eliminated to enforce the ban. The administration emphasizes privacy and national security issues, expressing concerns over Chinese control of user data. The Senate and House … Read more
Although the SEC has put on hold its decision to approve a spot Ether ETF from Standard Chartered Bank, the financial institution continues to be hopeful about the future of the cryptocurrency market. New Development: Standard Chartered Bank now doubts the approval of a US Ethereum ETF by MayHowever, here are their predictions for year-end … Read more
Despite reporting stronger-than-expected sales and profit figures for the first quarter, Meta’s share price dropped by 15%. Analysts had predicted lower sales and income figures, but Meta surpassed these expectations. Despite this, Meta’s investors expressed disappointment when the company lowered its sales forecast for the upcoming quarter. The firm experienced a significant revenue growth of … Read more