Able to crush earnings expectations this week, GDS Holdings and Canada Goose are two top-rated ADRs (American Depository Receipts) to keep an eye on with a Zacks Rank #1 (Strong Buy) and Zacks Rank #2 (Buy), respectively. GDS Holdings is a Shanghai, China-based technology services provider offering various integrated solutions, including cloud computing, IT management, … Read more
The Pakistani Ministry of Finance has announced a significant initiative to regulate digital assets in the country, unveiling plans for the establishment of the Pakistan Digital Assets Authority (PDAA). This dedicated body aims to oversee the blockchain-based financial infrastructure, ensuring compliance with Financial Action Task Force (FATF) standards while promoting economic inclusion and responsible adoption … Read more
Tron has become a powerhouse in the stablecoin ecosystem. The total supply of Tether (USDT) on the network hit a significant milestone last week, surpassing $75 billion. That figure represents over half of the total supply of USDT across all blockchains (most of which is on Ethereum), and signals not just explosive growth since the … Read more
The hacker behind the data breach targeting Coinbase users mocked blockchain investigator ZachXBT with an onchain message following a major crypto swap. On May 21, the hacker used Ethereum transaction input data to write “L bozo,” followed by a meme video of NBA player James Worthy smoking a cigar. The message came after the attacker … Read more
Cardano (ADA) is in a tight corner after dropping below the psychological price of $0.75, as lower highs and lower lows increase bearish pressure. In technical analysis, lower highs and lower lows depict a downtrend since buyers are not strong enough to push the price as high as before. Therefore, sellers are usually in control … Read more
Bitcoin has soared to unprecedented heights, sparking speculation about a possible altcoin rally as market dynamics shift. With Bitcoin’s recent surge above $111,000, analysts are increasingly optimistic about the prospects for other cryptocurrencies, but caution remains regarding market conditions. Reece Hobson from eToro Australia highlighted, “Bitcoin’s surge to an all-time high of $110,000 USD stems … Read more
Crypto.com has secured a MiFID license via its acquisition of Allnew Investments Ltd., paving the way for broader financial services offerings, including securities and derivatives across Europe. Crypto.com Moves Deeper Into Regulated Financial Services With MiFID License Crypto.com has officially entered the European traditional finance arena after securing a MiFID (Markets in Financial Instruments Directive) … Read more
Bitcoin spot exchange-traded funds (ETFs) saw growth on Wednesday as these products recorded another day of significant inflows, exceeding $600 million. Yesterday’s figure represented the sixth consecutive day of net inflows into BTC spot ETFs, a signal of climbing investor confidence in the leading digital asset. Bitcoin ETF Inflows Climb 85% Amid Bullish Run Above … Read more
Tech giant Microsoft says it has taken legal action against the information-stealing malware Lumma Stealer and has blocked thousands of websites related to the software. Microsoft said in a May 21 blog post that a federal court in Georgia allowed the firm’s digital crimes unit to take down, block or suspend nearly 2,300 websites critical … Read more
Pakistan’s Ministry of Finance has reportedly endorsed the creation of a dedicated body to regulate blockchain-based financial infrastructure in the country. The Pakistan Digital Assets Authority (PDAA) will serve as a regulatory body to oversee licensing, regulate exchanges, custodians, wallets, tokenized platforms, stablecoins and decentralized finance applications, according to a May 21 report from the … Read more