News

XRP has defied the downward trend of other major cryptocurrencies in 2023, surging 17% year-to-date and becoming the third-largest cryptocurrency by market capitalization. This impressive performance is attributed to factors such as the retirement of former SEC Chair Gary Gensler, the potential inclusion of XRP in a U.S. digital asset stockpile, and the end of the SEC's enforcement action against Ripple Labs.

PIMCO, a global investment management firm, predicts a 30-35% chance of a recession in the U.S. economy in 2025, despite the ongoing tariff battle and the Federal Reserve's projections of higher inflation and lower growth. However, the firm believes any recession would be mild and short-lived, and that stagflation is unlikely.

Signal, a popular encrypted messaging platform often considered the "gold standard" for secure communication, is facing scrutiny after a series of incidents raised concerns about its security. The platform, known for its strong encryption, is defending its reputation and denying any vulnerabilities in its core technology.

Faraday Future officially entered the East Coast market with the delivery of its FF 91 2.0 Futurist Alliance in New York City, marking a significant step in its expansion plans. The company also secured $41 million in new financing to further its development of the Future Faraday FX brand and AI capabilities.

GameStop Corp (GME) reported fourth-quarter revenue of $1.283 billion, falling short of the anticipated $1.48 billion. Despite the revenue miss, the video game retailer managed to surpass analyst expectations for adjusted earnings, reporting 30 cents per share compared to the projected eight cents per share.