What Happened: According to a Friday Cointelegraph report, Bitcoin trading volume on PayPal reached $145.60 million on Oct. 20, as the coin exceeded $65,000 and set a new all-time high. The last time Bitcoin’s trading volume on the platform reached such high values was on May 19, when it crashed from $43,500 down to $30,000. […]
A milestone week that began with the introduction of the first Bitcoin-based exchange traded fund (ETF) ended just as it began — with a new fund based on the world’s leading cryptocurrency. On Friday, digital asset manager Valkyrie launched its Bitcoin Strategy ETF (BTF) on the Nasdaq exchange. The company anticipates its fund will be […]
The waitlist for Robinhood’s crypto wallet is now more than one million customers long, Robinhood CEO Vlad Tenev said at CNBC’s Disruptor 50 summit on Thursday. Robinhood announced last month it was planning to roll out a crypto wallet in early 2022 that would allow customers to trade, send and receive cryptocurrencies, as well as […]
Shares of WeWork closed up 13.49% on Thursday after the company went public through a special purpose acquisition company more than two years after its failed IPO. The office-leasing company scrapped plans for an IPO in 2019 after investors raised concerns over its business model and corporate governance and its founder and then-CEO Adam Neumann. […]
U.S. stock futures were muted in early morning trading Friday after disappointing earnings reports from technology companies. Dow Jones Industrial Average futures gained 6 points. S&P 500 futures and Nasdaq-100 futures both traded in mildly negative territory. Shares of Intel retreated more than 8% after hours following a weaker-than-expected sales report. The semiconductor company blamed […]
Earlier today, Bitcoin (CRYPTO: BTC) flash crashed to $8,000 on Binance U.S., the American trading platform of the world’s top crypto exchange Binance. What Happened: According to Binance U.S. market data, the Bitcoin to the U.S. dollar trading pair on Binance U.S. flash crashed within a minute from $65,815 to $8,200. This translates to a […]
The Dow Jones Industrial Average jumped to a record on Wednesday as investor sentiment was boosted by better-than-expected earnings reports and a new record for bitcoin. The Dow gained 152.03 points, or 0.4%, to about 35,609.34, touching an all-time high of 35,669.69 earlier in the session. While it surpassed its high from August on an […]
SINGAPORE — Shares in Asia-Pacific were mixed on Wednesday as China kept its benchmark lending rate unchanged. The Hang Seng index in Hong Kong rose 1.35% to close at 26,136.02 leading gains among major markets in the region. Shares of Chinese tech firms listed in the city surged, with Tencent up 2.1% while Alibaba soared 6.67% and Meituan jumped 2.87%. The Hang Seng […]
Bitcoin notched a fresh all-time high Wednesday as investors cheered the successful launch of the first U.S. bitcoin futures exchange-traded fund. The world’s largest cryptocurrency climbed 3.9% to $66,398.25 by 4 p.m. ET, according to Coin Metrics. The coin at its highs passed the $66,900 level Wednesday, topping a previous intraday record of $64,899 set in […]
Shares of Stronghold Digital Mining jumped 52% in their first day of trading on Wednesday, as investors show enthusiasm for nascent companies tied to cryptocurrencies. Trading on the Nasdaq under ticker symbol “SDIG,” the Pennsylvania company, which mines bitcoin from waste coal, priced its stock at $19 a share, above the anticipated range of $16 […]
U.S. stocks climbed on Tuesday as major companies continued to report strong third-quarter earnings, easing concerns that persistent Covid cases and rising costs would derail corporate America’s profit recovery. The S&P 500 added 0.7% to 4,519.63, rising for a fifth straight day. The Dow Jones Industrial Average gained 198.70 points, or 0.6%, to 35,457.31. The […]
Economic challenges abound, and equities will rally. It’s a seemingly paradoxical view, but one espoused by one of the biggest players in the market. Scott Minerd thinks stocks have bottomed, and will rally from here. Minerd is chief investment officer at Guggenheim Partners, helping oversee the firm’s $255 billion in assets. He told Yahoo Finance […]
