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US Inflation Remains Scorching Hot, Jumping to 9.1% in June — White House Says CPI Data Is Already ‘Out-of-Date’
13.7.2022
According to the latest Bureau of Labor Statistics Consumer Price Index (CPI) report, U.S. inflation remains scorching hot as it has risen at the fastest yearly rate since 1981. June’s CPI data reflected a 9.1% year-over-year increase, even though a number of bureaucrats and economists...
GameStop NFT Marketplace Earns $44,500 In Its First Day
13.7.2022
What’s more grim? That GameStop slashed headcount to cut costs right before launching an NFT marketplace, or that the NFT marketplace which the company spent millions on earned only an estimated $44,500 on its big debut? For those keeping score at home, that’s less than the price of a...
GameStop Boss Celebrates NFT Marketplace Days After Laying People Off
12.7.2022
GameStop celebrated the launch of its NFT marketplace on Monday. Its Ethereum-based depot for virtually autographed JPEGs arrived just days after the meme stock giant ruthlessly laid off more employees, and based on my short tour through its website, it’s also still a little broken in places.Read...
GameStop Loses Executive, Does More Mass Layoffs Even As Meme Stock Surges
7.7.2022
A ruthless sea change is underway at GameStop. The company’s latest Chief Financial Officer, Mike Recupero, has resigned and another round of mass layoffs is underway at the video game retailer even as its meme stock continues to soar in price. CEO Matt Furlong told staff in an email reviewed...
Voyager Digital Faces Delisting From Toronto Stock Exchange Following Bankruptcy Filing
6.7.2022
Crypto broker Voyager Digital (VOYG) has been delisted from the Toronto Stock Exchange (TSX) following its filing for bankruptcy late Tuesday
TSX-Listed Voyager Digital ‘Temporarily’ Suspends Trading, Deposits, and Withdrawals
1.7.2022
After the TSX-listed Voyager Digital revealed that it was owed $655 million from Three Arrows Capital (3AC), the company secured a $500 million credit line from Alameda Ventures in order to “safeguard customer assets.” Five days later on July 1, Voyager announced the crypto company...
Worst quarter in 11 years as Bitcoin price and activity plunges
1.7.2022
Quarterly returns on Bitcoin haven’t been this bad since it was trading under $20 in the early days of Mt. Gox, but the stock market isn’t faring so hot either
Someone Reportedly Bought Up $40k Of Stock To Ask Nintendo About F-Zero
1.7.2022
Many Nintendo fans desperately want a new entry in the popular sci-fi racing series, F-Zero. However, only one diehard fan was reportedly dedicated enough to spend over 5 million yen (roughly $40,000 US) on Nintendo stock, giving him a chance to ask the Japanese publisher about F-Zero and...
Bitcoin price limps under $20K as Asia extends global stocks weakness
29.6.2022
No let-up in risk assets means Bitcoin faces more selling pressure, but hope remains that a key moving average could soon see a challenge
Goldman Sachs Downgrades Coinbase to Sell Rating — Analyst Says Firm Needs to Make Cost Base Reductions
28.6.2022
Analysts from the multinational investment bank and financial services company Goldman Sachs Group Inc. have downgraded Coinbase Global Inc. in a note to investors on Monday. Today, Coinbase shares are down 83.68% from the stock’s all-time high (ATH) in November 2021. Goldman analyst William...
Goldman Sachs downgrades Coinbase stock to ‘sell’
27.6.2022
The United States cryptocurrency exchange has seen its stock price plunge in lockstep with Bitcoin, Ether and the broader digital asset market
Crypto Firm Voyager Digital Secures a $500M Line of Credit From Alameda Ventures to Cope With 3AC Exposure
26.6.2022
Three days ago, Bitcoin.com News reported on the publicly listed company Voyager Digital after the crypto firm announced that it was owed $655 million worth of digital assets. Now according to a press release from Voyager, the company has secured funds from Alameda Ventures in order to get more...
Swiss Regulator Urges Financial Watchdogs to Protect Crypto Investors
24.6.2022
Crypto trading is increasingly similar to the U.S. stock market of the late 1920s, the head of the Swiss financial watchdog has remarked. The high-ranking official believes that regulatory agencies around the world should do more to ensure investor protection. Swiss Financial Watchdog Executive...
Three Arrows Capital Allegedly Owes Voyager Digital $655M — Crypto Firm Is ‘Unable to Assess’ if It Can Recover the Funds
23.6.2022
According to reports, the TSX-listed Voyager Digital is another company that has been negatively affected by financial issues tied to the crypto hedge fund Three Arrows Capital (3AC). In a letter to investors, Voyager’s management explained that 3AC potentially defaulted on a $655 million...
Plan B’s Stock-to-Flow Price Model Denounced by Vitalik Buterin, Says Model Can Be ‘Harmful’
22.6.2022
For a few years now, the pseudonymous creator of the popular stock-to-flow (S2F) bitcoin price model, Plan B, has become a very well known bitcoin influencer gathering 1.8 million Twitter followers. However, after the S2F price model didn’t come to fruition and dropped well below the price...
FTX US acquires Embed Financial subsidiary for stock trading platform
21.6.2022
The FTX Stocks platform has been in beta testing for select U.S. users since May, but the firm reported it would be available to all domestic customers sometime in the summer
Bitcoin Holds Steady Above $21K Amid Stock Gains
21.6.2022
BTC rebounds as stocks experience a similar rally
Bitcoin Stock-to-Flow Model and Its Proponents Under Fire Again as Failure Becomes Obvious
21.6.2022
The Bitcoin (BTC) stock-to-flow (S2F) model created by the pseudonymous analyst PlanB is once again facing scrutiny in the crypto community, after failing completely in its price prediction so far this year....
Read More: Bitcoin Stock-to-Flow Model and Its Proponents Under Fire Again as Failure...
FTX Unit Buys Stock-Clearing Platform Embed to Expand Equity Trading Infrastructure
21.6.2022
Clearing firm Embed Financial Technologies will aid FTX’s overall equity trading ambitions
BTC price recovers to 3-day highs as new whale support forms at $19.2K
20.6.2022
At least some were buying the dip below $20,000, data shows, while PlanB fields fresh criticism of his Stock-to-Flow BTC price models