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Source: CryptoGlobe

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Starbucks (NASDAQ: SBUX) Q2 Fiscal 2024 Results Leave Investors With a Bitter Taste In Their Mouths
Earlier today, in an interview with Jim Cramer on CNBC’s “Squawk on the Street,” Starbucks Corp (NASDAQ: SBUX) CEO Laxman Narasimhan provided a candid look at the company’s disappointing fiscal Q2 2024 results. Yesterday, Starbucks issued a detailed press release… Read full article
9h ago
CryptoGlobe
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“Unlikely” Next Move Will Be Rate Hike, Says Federal Reserve Chair Jerome Powell
On Wednesday, the Federal Reserve concluded its latest FOMC meeting by keeping interest rates unchanged, maintaining the target range at 5.25% to 5.5%. This decision was widely anticipated by market participants and came as a relief to investors, who had… Read full article
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The U.S. Dollar’s Global Dominance: A Double-Edged Sword
According to a recent article by Joe Rennison and Karl Russell for The New York Times (NYT), the U.S. dollar has been gaining strength against nearly every major currency in the world this year. The Times reports that two-thirds of… Read full article
10h ago
CryptoGlobe
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Donald Trump’s Hush Money Trial Takes a Comedic Turn with Gag Order Violations and Fines
According to a report by Reuters, Judge Juan Merchan has fined former U.S. President Donald Trump $9,000 for contempt of court during his ongoing criminal hush money trial, warning that incarceration could follow if Trump continues to breach the gag… Read full article
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Bitcoin ETFs Show Strain Amid Crypto Slump
Recent market volatility has put a spotlight on spot-Bitcoin exchange-traded funds (ETFs). As reported by Bloomberg, several major US-listed Bitcoin ETFs experienced record-high discounts to their net asset value (NAV) after Bitcoin itself saw a significant price drop. This raises… Read full article
10h ago
CryptoGlobe
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Giggle Academy: What Former Binance CEO “CZ” Will Focus His Energy on After Completing His Prison Sentence
Changpeng “CZ” Zhao, the billionaire co-founder of Binance, the world’s largest cryptocurrency exchange, has been sentenced to four months in prison for violating anti-money laundering laws. The sentence, handed down by Seattle Judge Richard Jones, comes after Zhao pleaded guilty… Read full article
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Wild West? Whitelisted Crypto Wallets Make 3,000,000% Gains on Base Altcoin
Two cryptocurrency wallets saw astronomical returns exceeding 30,830 times their initial investment on a memecoin launched on Coinbase’s Ethereum layer-2 scaling solution Base. According to on-chain analysis service Lookonchain, two cryptocurrency allets whitelisted by the deployer of the meme-inspired cryptocurrency… Read full article
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Memecoin Millionaires: Insiders Turns $6,400 Into Over $8 Million in a Day
Insiders behind a cryptocurrency project have recently managed to turn just over $6,400 worth of cryptocurrency into over $8.28 million in a single day, and are now selling the meme-inspired cryptocurrency they used to make their money at a profit.… Read full article
1d ago
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CryptoGlobe
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Solana Investment Products Experience Significant Inflows as $SOL Sees ‘Dramatic Increase’ In Institutional Allocations
Cryptocurrency investment products saw their third consecutive week of outflows last week with around $435 million leaving these products in the largest weekly outflow since March 2024, but despite the outflows multi-asset and Solana-focused products saw significant inflows. According to… Read full article
1d ago
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CryptoGlobe
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“Bitcoin Jesus” Charged with $48M Tax Evasion by the U.S. Department of Justice, Arrested in Spain
Roger Ver, an early investor in Bitcoin and a prominent figure in the cryptocurrency world, has been indicted on charges of mail fraud, tax evasion, and filing false tax returns. Ver, who gained the nickname “Bitcoin Jesus” for his enthusiastic… Read full article
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Ethereum ($ETH) Price Dropped Over 6.7% In a Day. Why is it Down?
The price of the second-largest cryptocurrency by market capitalization Ethereum ($ETH) is down by more than 6.7% over the last 24-hour period amid a wider cryptocurrency market downturn that has the space’s total market capitalization drop by round $100 billion.… Read full article
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What Coinbase’s Support for Bitcoin’s Lightning Network Means for Users
Bitcoin’s Lightning Network (LN) is a layer-2 scaling solution built atop the Bitcoin blockchain. It aims to address Bitcoin’s limitations in transaction speed and costs, particularly for frequent, small-value payments. The LN achieves this by facilitating off-chain transactions through a… Read full article
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Bitcoin Layer2 BEVM Announces Investment from Bitmain
BTC Layer2 project BEVM has officially disclosed an investment from Bitmain, the leading manufacturer of cryptocurrency mining servers globally. The precise amount of the investment remains undisclosed. Established in 2013, Bitmain still stands today as a significant figure in the… Read full article
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Bitcoin on Track for Its Worst Monthly Close in 16 Months After Launch of HK BTC and ETH ETFs Disappoints
ChinaAMC (Hong Kong) Limited hosted a press briefing on April 29 to unveil its new Spot ChinaAMC Bitcoin ETF and Spot ChinaAMC Ethereum ETF, set to launch at 1:30 a.m. UTC (9:30 a.m. Hong Kong time) on April 30. Foresight… Read full article
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Ripple Aiming to Introduce XRP Ledger-Powered Enterprise Solutions in Japan via New Strategic Partnership
Ripple, a global leader in enterprise blockchain and crypto solutions, has announced a strategic partnership with HashKey DX, a Tokyo-based consulting arm of HashKey Group, to bring XRP Ledger (XRPL)-powered solutions to the Japanese market. The XRP Ledger (XRPL) is… Read full article
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