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Meta drops 15% on weak outlook and high AI and metaverse spending
25.4.2024
Meta shares dipped after a disappointing Q2 revenue outlook and plans to spend nearly $100 billion this year as it aims to “invest aggressively” in its AI products
Bitcoin outperforms Tesla stock for the first time since 2019
23.4.2024
Bitcoin price is outperforming Tesla stock for the first time since 2019, though the EV giant still maintains a sizeable BTC stash
NYSE Considers 24-Hour Trading Model in Response to Crypto Market Trends
22.4.2024
Cryptocurrency markets operate continuously, trading every day of the week, around the clock. In a similar vein, reports indicate that the New York Stock Exchange (NYSE) is exploring the possibility of shifting to 24/7 operations. The data team at NYSE has conducted a survey among its investors...
Nvidia Stock vs. Bitcoin: Which Investment Will Dominate in the Long Term?
22.4.2024
The Nvidia stock and Bitcoin are two assets that stand out for their potential and volatility in the landscape of investment opportunities.
The post Nvidia Stock vs. Bitcoin: Which Investment Will Dominate in the Long Term? appeared first on Cryptonews
Historic Yield Curve Inversion Reaches 656 Days, Echoing Pre-Stock Market Crash Patterns
22.4.2024
Based on the latest data, the yield curve of the U.S. Treasury, which charts the yields for two-year and ten-year bonds, has remained inverted for a total of 656 days. This latest inversion joins previous records set in 1929, 1974, and 2008, all of which preceded substantial declines in the stock...
Popular Analyst Plan B Predicts Bitcoin Price to Surpass $300,000 in 2025 – Here’s How
18.4.2024
Bitcoin price predictions are heating up, with analyst Plan B forecasting a potential $300,000 valuation by 2025. Discover the factors influencing this projection, including the upcoming halving event, the Stock-to-Flow model, and growing institutional interest. Explore insights from other experts...
Bitcoin Mining Stocks Plummet as Miners Face Reduced Revenue Post Halving
17.4.2024
Bitcoin mining companies are experiencing a significant decline in their stock prices as they face reduced revenue due to an upcoming code update for the largest cryptocurrency.
The post Bitcoin Mining Stocks Plummet as Miners Face Reduced Revenue Post Halving appeared first on Cryptonews
London Mayoral Candidate Brian Rose Plans To Give Constituents £100 Worth Of New Crypto Token If Elected
11.4.2024
Brian Rose, a candidate for mayor of London, revealed he would give city residents £100 worth of a new crypto token if elected as part of his plans to make the capital a “crypto-friendly city,” a statement posted by the mayoral hopeful posted to X reveals. If elected, Londoners would have...
US Stock Traders Influencing Bitcoin Prices, Says South Korean Researcher
11.4.2024
US stock traders are exacting a big influence on Bitcoin (BTC) prices, a South Korean crypto researcher has claimed.
The post US Stock Traders Influencing Bitcoin Prices, Says South Korean Researcher appeared first on Cryptonews
Japanese Firm Metaplanet to Add $659M in Bitcoin to Its Treasury, Shares Soar 90% in Response
9.4.2024
According to the latest figures, Metaplanet, a company listed on the Japanese stock exchange, witnessed its share price soar by nearly 90% in just one day. This significant jump came on the heels of the company’s announcement regarding its intention to incorporate 1 billion yen in bitcoin...
Metaplanet’s Stock Surges by 90% in Two Days After Adding $6.56M in Bitcoin to Balance Sheet
9.4.2024
Web3 infrastructure provider Metaplanet has seen a surge in its Tokyo-listed stock by nearly 90% within just two days after adding $6.56 million worth of Bitcoin to its balance sheet.
The post Metaplanet’s Stock Surges by 90% in Two Days After Adding $6.56M in Bitcoin to Balance Sheet...
LSEG’s LCH Secures Regulatory Nod for Bitcoin Index Derivatives Clearing
9.4.2024
The London Stock Exchange Group’s (LSEG) Parisian clearinghouse affiliate CH SA announced Monday that it received regulatory approval to provide clearing services for Bitcoin index futures and options contracts.
The post LSEG’s LCH Secures Regulatory Nod for Bitcoin Index Derivatives Clearing...
MicroStrategy Should Continue to Rally as Bitcoin Halving Nears: Benchmark
8.4.2024
The broker raised its price target for the software company to $1,875 from $990 and maintained its buy rating on the stock
Cleanspark’s Stock Tumbles 10% After Plans to Sell $800 Million in Shares
29.3.2024
Bitcoin miner Cleanspark’s stock plunged 10% in after-hours trading after revising its at-the-market (ATM) offering agreement to sell up to $800 million of its stock, a decision that would dilute CLSK shares by 19%, given its $4.2 billion market capitalization. The adjustment from an initial...
Investment Manager Shorts MicroStrategy, Calls Bitcoin Premium “Unjustifiable” — Is There Trouble Ahead?
28.3.2024
Analysts call MicroStrategy's Bitcoin premium "unjustifiable," asserting the stock is due for a 50% correction.
The post Investment Manager Shorts MicroStrategy, Calls Bitcoin Premium “Unjustifiable” — Is There Trouble Ahead? appeared first on Cryptonews
MicroStrategy Slumps 14% After Short Seller Says Stock Trades at an Unjustifiable Premium to Bitcoin
28.3.2024
The bitcoin price implied by MicroStrategy’s share price is $177K, 2 ½ times the spot price of the cryptocurrency, the report said
Galaxy Digital's Strong Earnings Will Carry Into Current Quarter, Analyst Says
26.3.2024
Improved crypto market conditions due to anticipation of spot bitcoin ETF approval helped boost earnings, the report said
Hong Kong Likely To Allow In-Kind Creations for Spot Bitcoin ETFs: Bloomberg
26.3.2024
Hong Kong’s financial regulator, the Hong Kong's Securities and Futures Commission (SFC), is likely to allow in-kind creations and redemptions for spot bitcoin ETFs in the second quarter of this year, according to a report from Bloomberg Intelligence
London Stock Exchange to Roll Out Crypto ETNs on May 28
26.3.2024
London Stock Exchange signalled that it would start accepting applications for physically-backed crypto ETNs from April 8.
The post London Stock Exchange to Roll Out Crypto ETNs on May 28 appeared first on Cryptonews
South American Gold Miner Nilam Resources Plans to Buy 24,800 Bitcoin
26.3.2024
Nilam Resources enters a letter of intent with Xyberdata to acquire MindWave, securing 24,800 Bitcoin and expanding its digital assets holdings to issue a new stock.
The post South American Gold Miner Nilam Resources Plans to Buy 24,800 Bitcoin appeared first on Cryptonews