T-Mobile (TMUS) and investment firm EQT announced Thursday they have entered into a joint venture (JV) with EQT\'s Infrastructure VI fund (EQT) that will acquire fiber-to-the-home platform Lumos from EQT\'s predecessor fund EQT Infrastructure III. The JV will bring T-Mobile\'s retail, marketing, brand and customer experience strengths together with EQT\'s fiber infrastructure investment expertise. Together...
Monolithic Blockchain firm Movement Labs secured $38 million in Series A funding from Polychain Capital on April 25. The investment will support Movement Labs’ mission to introduce Facebook’s Move Virtual Machine to the Ethereum ecosystem. According to co-founder Rushi Manche, the $38 million capital raise underscores the immense potential investors see in Movement Labs’ ability...
The Indonesia stock market on Thursday ended the two-day winning streak in which it had picked up more than 100 points or 1.4 percent. The Jakarta Composite Index now sits just above the 7,155-point plateau and it\'s looking at another soft start again on Friday. The global forecast for the Asian markets is sift on...
Eternal gold bug Peter Schiff’s Bitcoin take isn’t good. He had a fierce warning for Bitcoin’s faithful on Wednesday, claiming the digital asset is on the verge of losing substantial and precarious technical price support. The popular economist and financial commentator tweeted that it’s “a long way down” if Bitcoin’s price drops below $60,000 again....
A South Korean prosecutor was jailed for leaking sensitive information in a high-profile crypto fraud case, domestic media outlets reported on April 25. Per Segye Ilbo, Gwangju District Court’s Criminal Division sentenced an unnamed prosecution investigator (aged 56) in the city of Mokpo to a year in prison. The court heard that the prosecutor took...
The Thai stock market has moved higher in four straight sessions, advancing almost 35 points or 2.5 percent along the way. The Stock Exchange of Thailand now sits just beneath the 1,365-point plateau although it\'s likely to open under water on Friday. The global forecast for the Asian markets is sift on concerns over the...
The United States Securities and Exchange Commission (SEC) initiated a new phase of discussions on April 24 regarding a proposed rule alteration for the trading of options on Bitcoin exchange-traded funds (ETFs) while also inviting public input on the matter. Multiple exchanges are looking to trade options on the newly approved spot bitcoin ETFs, though...
Silicon Valley-based venture capital firm a16z Crypto, the crypto arm of Andreessen Horowitz, issued a stern warning on April 25 to startup founders considering token sales in the United States. The advisory comes amidst growing regulatory scrutiny and enforcement actions by the US Securities and Exchange Commission (SEC). “The SEC argues that nearly every token...
A drop below these could intensify bearish trends. The Relative Strength Index (RSI) stands at 38, suggesting that Bitcoin is nearing oversold conditions, while the 50-day Exponential Moving Average (EMA) at $65,223 serves as near-term resistance. Overall, Bitcoin’s market stance appears bearish below the pivot point of $65,825. Unlock Cryptocurrency Rewards: Join the 99Bitcoins Presale...
The US Federal Bureau of Investigation (FBI) has issued a warning to Americans regarding the use of crypto money-transmitting services that are not registered as Money Services Businesses (MSBs) in accordance with United States federal law. These laws, outlined in 31 USC § 5330 and 31 CFR §§ 1010 and 1022, mandate adherence to anti-money...