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“# Mining firm aims to go public through merger with Nasdaq-listed company ” Greenidge Generation, a New-York based Bitcoin mining company that owns its own power plant, aims to go public through a merger with technical support provider Support.com. In an announcement today, Greenidge said it had signed an agreement with Support.com to merge in…
“#Tech stocks rebound as Nasdaq jumps over 3 percent” US stocks advanced on Tuesday, with the Nasdaq jumping over 3 percent to recoup its losses in the previous session as US bond yields retreated and investors picked up battered technology stocks. Among the biggest boosts to the S&P 500 and the Nasdaq were Tesla, Apple,…
“# Coinbase reportedly hits pre-IPO valuation of $100 billion in private auction ” Prominent Bitcoin (BTC) and cryptocurrency exchange Coinbase could be headed for an IPO valuation of $100 billion, after shares reportedly sold for up to $375 each in a private auction. Shares in Coinbase Global Inc. reportedly traded for a price between $350…
“# Long Blockchain Corp has officially been delisted by SEC ” Shares of Long Bitcoin Corp (LBCC), a beverage turned cryptocurrency mining company, have been officially delisted by the United States Securities and Exchange Commission, or SEC. The company was ordered to delist its stock after failing for years to produce any financial reports. Long…
“# Baidu reportedly aims to address chip shortage plaguing gaming, crypto and cars ” A global chip shortage is affecting various sectors of industry from gaming to automotive and cryptocurrency mining. Amid Bitcoin’s (BTC) ongoing bull run, the crypto mining industry became massively profitable. Many miners started aggressively stacking mining hardware —by sometimes unconventional methods— which led…
“#Wall Street sets record closing highs on stimulus hopes” Wall Street advanced on Monday, setting a course for record closing highs as stimulus prospects and ongoing vaccine deployment boosted investor optimism over the pace of economic recovery from the pandemic recession. All three major US stock indexes were higher, with the S&P 500 and the…
“# Alleged ‘ghost’ Bitcoin mining firm traded on Nasdaq faces class action lawsuit ” Bit Digital (BTBT), a Bitcoin mining company traded on the NASDAQ stock exchange, is the subject of a class-action lawsuit that alleges the company fabricated the extent of its Bitcoin (BTC) mining operations. According to the lawsuit which was filed in…
“# MicroStrategy stock finally takes a breather following massive BTC-inspired rally ” Shares of MicroStrategy (MSTR), a business intelligence firm with considerable exposure to Bitcoin (BTC), declined sharply on Monday, as profit-taking ensued following a parabolic rally over the past month. The stock touched an intraday low of $464.51 in New York trading, representing a…
“#Stocks close higher as Wall Street shrugs off ‘very bad day’ in DC” The Dow Jones industrial average closed at an all-time high on Wednesday as investors brushed off the madness unfolding in DC to focus instead on the prospect of more stimulus funding to boost the economy. The Dow ended the day up 437.80…
“#Stocks on Wall Street fall on Georgia elections, virus surge” The first trading day of 2021 started off with a bang before falling back to earth as traders grappled with hangover effects of 2020. The Dow Jones Industrial Average dropped 382.59 points, or 1.3 percent, to 30,223.89 on Monday after hitting a record high in…