Oobit has launched Oobit Business, a new platform that enables companies to run corporate finance operations directly from stablecoin balances. The milestone marks the latest move for the Tether-backed crypto payments app in its effort to integrate stablecoins with day-to-day spending and now in running company operations. It also strategically coincides with the growing adoption
Michael Saylor’s Strategy (previously known as Microstrategy), the world’s largest public holder of Bitcoin, continued adding to its cryptocurrency reserves last week, though at a significantly slower pace compared to its recent large-scale purchases. The company acquired 1,031 Bitcoin for approximately $76.6 million, according to an 8-K filing with the US Securities and Exchange Commission
It’s only March, and investors have already absorbed a hot war in the Middle East, a credit system showing cracks, a brutal tech repricing, and two of the world’s most trusted safe-haven assets selling off in the middle of a crisis. The market feels chaotic because it genuinely is, and what makes this moment unusual
A growing share of Gen-Z (defined as those born between 1997 and 2012) is stepping away from work and education at the same time that debt burdens are rising and wages are struggling to keep up with living costs. Across major economies, millions of young people are now classified as NEETs, meaning they are not in
The Bank of England (BoE) held its benchmark interest rate steady on Thursday but signaled a more hawkish stance as rising energy prices linked to the Middle East conflict threaten to push inflation higher. The nine-member Monetary Policy Committee (MPC) voted unanimously to keep rates unchanged at 3.75%, marking its first unanimous decision in over
Shares of Starbucks came under pressure after RBC Capital Markets downgraded the coffee giant, citing rising labor costs, elevated investor expectations, and uncertainty around margin improvement. The brokerage cut its rating to “Sector Perform” from “Outperform” while maintaining a price target of $105, implying modest upside from current levels. Starbucks shares fell 0.9% to $96.69
Even as the Indian government reassures citizens that the supply of domestic cooking gas remains uninterrupted, uncertainty prevails. Experts believe shortages of liquefied petroleum gas (LPG) will likely remain. “Shortages will likely persist for as long as the kinetic conflict remains active,” Igor Isaev, doctor of technical sciences, head of analytics center at Mind Money,
Michael Saylor’s Strategy (previously known as Microstrategy), the world’s largest publicly traded holder of bitcoin, expanded its cryptocurrency reserves again last week, purchasing more than $1.5 billion worth of bitcoin in one of its largest acquisitions on record. According to a filing with the US Securities and Exchange Commission on Monday, the company bought 22,337
Pi Coin price has suffered a major reversal, moving from a high of $0.2975 to the current $0.1970. It has dropped by over 30% from its highest point this month despite some major announcements on Pi Day and after the latest Kraken listing. Pi Network launches Launchpad on testnet One of the top announcements on
As the conflict in the Middle East continues to roil global markets, investors are searching for signs of a turnaround. However, today on CNBC, Altaf Kassam – EMEA Head of Investment Strategy and Research at State Street Global Advisors – provided a sobering reality check. While historical precedents suggest that markets often rally before a