Why Did Bitcoin’s Price Rise? BTC Hovers Over $27K as Investors Shrug Off Hot Jobs Data

Bitcoin rose a little on Friday, but largely shrugged off an unexpectedly strong jobs report, along with a week’s worth of upset and uproar over the U.S. debt ceiling, end-game negotiations and renewed inflation concerns. The largest cryptocurrency by market capitalization was recently trading at about $27,180, up 1.2%. BTC edged above $27,000 shortly before […]

Mercado Bitcoin, Brazil’s Largest Crypto Exchange, Receives License as a Payment Institution

Mercado Bitcoin, Brazil’s largest crypto exchange, was licensed as a payment institution by Brazil’s central bank on Friday, Valor Economico newspaper reported. The company is now authorized to operate as a payment institution, under the status of an electronic money issuer. “The central bank’s approval is an important step, as it allows us to continue with […]

Why Dollar General Stock Got Clobbered by the Market Today

Profitability is dropping as shoppers frequent stores less. What happened Shares of discount retail chain Dollar General (DG -19.51%) got clobbered by the market on Thursday after the company released its latest quarterly financial results. As of 11 a.m. ET, Dollar General stock was down almost 20%, hitting 52-week lows and wiping out about 3.5 years of gains. So […]