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Cryptocurrencies

“Robinhood bets big on crypto with $200 million deal for Bitstamp” [Thu, Jun 6, 2024]

“Trading platform Robinhood Markets said on Thursday it has agreed to buy crypto exchange Bitstamp for about $200 million in cash, speeding up a broader push into digital assets with its biggest-ever deal. Robinhood, whose shares were up 3.4% before… Continue Reading…

Stocks

“Berkshire Hathaway stock appears to drop 99.9% after NYSE technical glitch”

“A technical glitch on the New York Stock Exchange shortly after the market open on Monday temporarily showed incorrect stock prices or volatility halts on several stocks, most notably a 99.9% drop in the price of Warren Buffett’s Berkshire Hathaway… Continue Reading…

Stocks

“1 Vanguard Index Fund to Buy Before It Soars 50%, According to a Wall Street Analyst”

“…Lee recently told CNBC that the small-cap Russell 2000 could soar 50% this year. That implies identical upside in the Vanguard Russell 2000 ETF (NASDAQ: VTWO). What makes that forecast particularly intriguing is that some Wall Street analysts see substantial downside in the large-cap… Continue Reading…

Cryptocurrencies

“SEC sues Coinbase over exchange and staking programs, stock drops 22% premarket”

“The Securities and Exchange Commission sued crypto exchange Coinbase in New York federal court on Tuesday morning, alleging that the company was acting as an unregistered broker and exchange and demanding that the company be “permanently restrained and enjoined” from continuing to do so.… Continue Reading…

Cryptocurrencies

“Crypto exchange Kraken to shutter its Japan operations after global layoffs”

“Digital currency exchange Kraken will close down its operations in Japan next month, in another sign of consolidation in the battered crypto industry. In a blogpost on Wednesday, Kraken said it would cease crypto trading services through its Japanese subsidiary, Payward Asia,… Continue Reading…

Business, Stocks

“Microsoft buys near 4% stake in London Stock Exchange as part of 10-year cloud deal”

“…U.S. tech giant Microsoft on Monday announced a 10-year partnership with the London Stock Exchange Group and took a near 4% stake in the U.K. bourse operator. The partnership involves next-generation data and analytics, as well as cloud computing products, according to a statement… Continue Reading…

Cryptocurrencies

“Crypto exchange Coinbase shed 85% of its value in a year”

“The market capitalization of Coinbase just dropped below $10 billion. This time last year, it was more than $70 billion. Why it matters: The amount of value lost in Coinbase stock is probably greater than the loss of value of FTX equity plus the loss… Continue Reading…

Cryptocurrencies

“Sam Bankman-Fried steps down as FTX CEO as his crypto exchange files for bankruptcy”

“Sam Bankman-Fried’s cryptocurrency exchange FTX has filed for Chapter 11 bankruptcy in the U.S., according to a company statement posted on Twitter. Bankman-Fried has also stepped down as CEO and has been succeeded by John J. Ray III, though the outgoing… Continue Reading…

Cryptocurrencies

“Bitcoin fails to rally with stocks as $940 million of the crypto is pulled from exchange favored by institutions”

“On Tuesday some 48,000 bitcoins moved off Coinbase Pro, a favored exchange among institutional investors, according to data provider CryptoQuant. The outflow was the biggest among crypto exchanges since crypto’s big crash in June of this year and the second-largest of all… Continue Reading…

Business, Cryptocurrencies

“GameStop reports wider loss, announces partnership with crypto exchange FTX”

“GameStop said Wednesday that quarterly sales declined and losses widened, as it burned through cash and inventory swelled. The video game retailer also disclosed a new partnership with crypto exchange FTX. Shares of the company rose more than 6% in premarket trading Thursday.… Continue Reading…