U.S. stocks ticked to record highs Friday as investors shrugged off a sharp drop in consumer confidence. The Dow Jones Industrial Average rose 16 points, or 0.05%, while the S&P 500 index and the Nasdaq Composite index advanced 0.16% and 0.04%, respectively. Both the Dow and the S&P 500 booked their fourth straight close in […]
Ever since China started instituting a nationwide crackdown on bitcoin mining, the country has been losing its spot as the industry’s hotbed. As companies were ordered to pull the plug and probed from maintaining operations in the country, the total Bitcoin hashrate started declining rapidly. But now, as miners are successfully finding a new home […]
Dogecoin continues to win over billionaires. Tech entrepreneur Mark Cuban, who owns NBA team the Dallas Mavericks, is already on the Dogecoin bandwagon. His team said back in March that it would accept Dogecoin as a payment method for merchandise and ticket e-commerce sales. The team has also been supporting bitcoin payments since 2019. Now […]
Bitcoin’s price rose Friday, back above $46,000 after dipping as low as $43,800 the prior day. The largest cryptocurrency by market value was trading close to its highest level in more than two months, sitting on a 60% year-to-date gain after rallying from a low around $29,000 as recently as June. A key threshold is […]
A few weeks into 2021, the share price of a flagging brick-and-mortar video game chain exploded, creating the wildest stock market story in years. In the end, the GameStop saga wasn’t quite the David-and-Goliath yarn some remember it as—one in which an army of Reddit-posting populists put a short squeeze on some greedy hedge funds—but […]
Asia-Pacific stocks were mostly lower by the close on Thursday, as U.S. markets again notched highs after data showed inflation was not as bad as feared. The dollar weakened while Asian currencies rose. Chinese stocks closed in negative territory. The Shanghai composite was down 0.22% to close at 3,524.74, while the Shenzhen component declined 0.79% […]
Lionel Messi’s transfer to Paris Saint-Germain included a payment in cryptocurrency fan tokens, the club confirmed on Thursday, providing another big-name endorsement for new digital assets. Messi, 34, left Spanish side Barcelona and signed a two-year contract with PSG, with an option for a third year, on Tuesday. PSG said in a statement the tokens […]
Major bitcoin (BTC, +0.16%) mining firms and miner manufacturers are increasing their investments in ethereum (ETH, -0.77%) mining despite the second network’s impending switch to proof-of-stake. Public bitcoin mining companies Hut 8 and Hive are increasing their capacities to mine the second-largest cryptocurrency by market cap. In the meantime, miner makers like Bitmain and Innosilicon […]
Amid rising Covid-19 case numbers and potential tax increases, a slew of stock market analysts have been predicting the coming of a “full-blown” market correction for weeks now. That might have you spooked. But … what exactly does it mean? And should you care? Let’s break it down. Typically, a market correction refers to a […]
While solar and wind are the dominant segments in the transition to renewables, a number of emerging markets are looking to geothermal sources as a way to meet future energy needs. Geothermal energy – which is generated when pipes drilled into the earth’s surface supply steam to power electricity turbines – lags behind other forms […]
If you’ve heard anything about Bitcoin, it’s likely been about its price skyrocketing or plummeting. But, for those who are looking to invest long term, there’s a different question that should be asked—what will one Bitcoin be worth in 10 years? Where Bitcoin Is Going For Bitcoin, no prediction is guaranteed, but an interesting vision shared by […]
Ethereum was the most traded cryptocurrency on the Coinbase exchange during the three months through June, as investors explored the world of decentralized finance. Ethereum, the second-largest cryptocurrency by market capitalization, was responsible for 26% of the trading volume on Coinbase, compared to 24% for Bitcoin. A year ago, Bitcoin commanded 57% of total volume […]
