Author: Press Room

Watch full video on YouTube

Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.Seoul, Korea, April 7th, 2023, ChainwireOne of the top NFT-backed lending liquidity protocols, BendDAO, has celebrated its one-year anniversary by publishing a detailed financial statement. It parallels the level of those found in traditional finance. Produced by Unboxing Lab, it reveals the progress BendDAO has made over the past 12 months.EDGAR-style reports bring an unprecedented level of transparency to web3 projects, giving community members an insight into the financial health of protocols they routinely use. The report details BendDAOs…

Watch full video on YouTube

Almost Friday! Dan DeFrancesco in NYC. The biggest golf tournament of the year, the Masters, kicks off today. Here’s a guide to the players with the best chance of winning. Even if golf isn’t your thing, the concessions at Augusta National, and their eye-popping prices (in a good way), are worth a peek.  Reminder that you’ve still got one last chance to get your questions in for Friday’s mailbag. (No personal finance questions, please. You shouldn’t be taking that kind of advice from me anyway.) I’ll do my best to answer as many as I can. Today, we’ve got stories on some…

A near-perfect balance between performance and price, the iPad Air is a value champion in Apple’s current lineup of tablets. And if you’ve got your hands on one, it only makes sense to protect it.The best cases for the iPad Air range from slim folio covers that can fold into different positions, rugged cases to protect from drops and scuffs, and keyboard cases so you can use the tablet like a laptop. And if you’re an Apple Pencil enthusiast, you’ll want a case with an Apple Pencil holder.Whether you’ve got a fourth- or fifth-gen iPad Air (the latter is among…

Cinema operator Cineworld (OTCPK:CNNWQ) has had a dramatic fall in the past few years but it is not over yet. While the business has the makings of a profit machine, its balance sheet is a disaster. I think there is a good chance that the shares will ultimately go to zero and rate them as a strong sell. I have been consistently bullish about Cineworld. My last piece on the name was in July (Cineworld: Revenues Are Recovering But The Debt Weighs A Tonne) when I rated it as a strong sell. The basic problem Cineworld has had two problems…

Just 20 stocks account for almost 90 per cent of the US benchmark index’s $2.36tn gains so far this year, as instability in the banking sector has driven down interest rate expectations and boosted the attraction of Big Tech.Among the big gainers, shares in chipmaker Nvidia have climbed by 83 per cent so far this year, while Facebook owner Meta is up 76 per cent and Salesforce has climbed 42 per cent, underlining the heavy concentration in the world’s most influential stock market.The market value of those and the other 17 best performing stocks in the S&P 500 have surged by…

What initially looked like an outright victory for anti-abortion activists Friday evening soon became more complicated. US District Judge Matthew Kacsmaryk of Texas, an appointee of former President Donald Trump, first ruled Friday that the Food and Drug Administration’s 2000 approval of mifepristone – one of the drugs used to terminate a pregnancy – needed to be halted. But less than an hour after Kacsmaryk’s ruling, US District Judge Thomas Owen Rice of the Eastern District of Washington, an appointee of former President Barack Obama, ordered the federal government to keep the drug available in 17 states plus the District…

Fears of instability in the U.S. banking system and poor liquidity were likely culprits of recent, extreme volatility in the world’s “safest bond market,” according to LPL Research. The historically docile $24 trillion Treasury bond market erupted in volatility in March after the collapse of Silicon Valley Bank, evidenced by weekly swings in its policy-sensitive 2-year Treasury yield TMUBMUSD02Y, 3.965% (see chart). The LPL Research team pegged daily moves in the 2-year yield as averaging about half a percentage point, or 50 basis points, between the highs and lows each day, during the most erratic trading days in March. They…

Bitcoin and other cryptocurrencies edged higher after the release of the U.S. jobs report for March. With stock markets closed for Good Friday, cryptos could have been a leading indicator of risk sentiment—but those hopes have so far fallen flat with muted moves. The price of Bitcoin has risen less than 1% over the past 24 hours to near $27,970, up from around $27,900 before the release of the labor market data. The largest digital asset was holding below the $28,000 level at which prices have recently hovered—around the highest level since the crypto crash accelerated last June, though below…