Speculations regarding Bybit’s potential hack or insolvency sparked concerns within the crypto community, prompting CEO Ben Zhou personally to step in to refute these claims on May 23. Amid a flurry of social media rumors questioning Bybit’s solvency and security, Zhou, one of the prominent cryptocurrency exchanges, provided reassurance about the exchange’s financial stability and...
Financial services firm Morgan Stanley (MS) reported Tuesday that net income applicable to the company\'s shareholders for the second quarter decreased 10 percent to $2.94 billion or $1.82 per share from $2.05 billion or $1.24 per share in the year-ago quarter. On average, 16 analysts polled by Thomson Reuters expected the company to report earnings...
OSWEGO, N.Y. - Pathfinder Bancorp, Inc. (NASDAQ: PBHC), the holding company for Pathfinder Bank, has entered into an agreement to purchase a branch from Berkshire Bank situated in East Syracuse, New York. The deal includes approximately $198 million in deposits and certain loans totaling around $32 million. The acquisition, which is pending regulatory approval and...
Moreover, Long-Term Holders have been locking in “a reasonably consistent” $138 million in profit a day. Analysts noted that this LTH sell-side pressure is “a read for the daily capital inflows required to absorb supply and keep prices steady.” Accordingly, despite the choppy market conditions, “prices are generally flat over the last few months, suggesting...
Fast-food pizza chain Domino’s (NYSE:DPZ) will be reporting results tomorrow before market open. Here\'s what to look for. Last quarter Domino\'s reported revenues of $1.03 billion, down 3.9% year on year, missing analyst expectations by 2%. It was a weak quarter for the company, with a miss of analysts\' revenue estimates. Is Domino\'s buy or...
The web3 move-to-earn app STEPN has launched a 100 million FSL Points ‘trailblazer’ airdrop campaign ahead of its partnership announcement. According to a press release shared with Cryptonews.com, the Solana-based non-fungible token (NFT) project would divide this airdrop worth a total of $30 million into two phases, as the FSL Points are redeemable for STEPN’s...
By Anirban Sen and Michelle Price NEW YORK/WASHINGTON (Reuters) -Capital One, a U.S. consumer lender backed by Warren Buffett, said on Monday that it will acquire credit card issuer Discover Financial Services (NYSE:DFS) in an all-stock transaction valued at $35.3 billion. The tie-up, which will combine two of the largest U.S. credit card companies, aims...
While reporting financial results for the second quarter on Friday, integrated payments company American Express Co. (AXP) raised its earnings guidance for the full-year 2024, while maintaining annual revenue growth outlook. For fiscal 2024, the company now projects earnings in a range of $13.30 to $13.80 per share, up from the prior forecast range of...
Tsivilev said that miners would be able to use this opportunity to leave the unregulated “gray zone.” He underlined that only “legal” miners signed up to a government-curated registry would be eligible to receive the energy in this manner. Benefits for Everyone, Minister Explains However, the minister’s comments appear to suggest that while miners would...
Bitcoin (BTC) miners are offloading part of their assets as they look towards the upcoming halving amid increased market activity and the rising Bitcoin price. New data from on-chain analytics firm Glassnode shows a drop in the amount of assets held by Bitcoin miners this year. The amount of Bitcoin in miner wallets has plunged by...