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“Elon Musk could face jail over Twitter deal exit” CNBC’s David Faber surprised his fellow panelists on Monday by asserting that Elon Musk’s upcoming legal battle with Twitter over their nixed $44 billion takeover agreement could result in jail time for the eccentric billionaire. Faber made the bold claim during a discussion with fellow CNBC…
” US inflation data will be ‘messy’ — 5 things to know in Bitcoin this week “ Bitcoin (BTC) starts another week in a precarious position near $20,000 ahead of fresh macro upheaval. After admittedly sealing its best week’s gains since March, the largest cryptocurrency is struggling to hold onto its recently-reclaimed levels. Major resistance…
” Risk profile of crypto markets similar to oil and tech: Coinbase “ Despite some touting crypto as a hedge against traditional markets, digital assets today share a similar risk profile to commodities such as oil and gas, and tech and pharmaceutical stocks, according to analysis from Coinbase’s chief economist. The observation comes from a…
” Bitcoin price limps under $20K as Asia extends global stocks weakness “ Bitcoin (BTC) returned under $20,000 on June 29 as analysts stayed hopeful of a trip higher. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Traders looks to $19,500 for support Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it crossed below…
“Crypto exchange FTX exploring Robinhood acquisition: report” Crypto billionaire Sam Bankman-Fried’s exchange firm FTX is reportedly exploring a possible acquisition of Robinhood – a development that sent shares of the struggling stock trading platform soaring 14% on Monday. Executives at FTX, a leading cryptocurrency exchange that rivals Coinbase and Binance internationally, are “deliberating internally” on…
“Dow jumps more 800 points as Wall Street as rate fears ease” Wall Street’s main indexes jumped sharply on Friday in a broad rally as signs of slowing economic growth and a recent pullback in commodity prices tempered expectations for the Federal Reserve’s rate-hike plans. The Dow Jones Industrial Average surged 823.32 points, or 2.7%, to…
” Ethereum price breaks out as ‘bad news is good news’ for stocks “ Ethereum’s native token, Ether (ETH), gained alongside riskier assets as investors assessed weak U.S. economic data and its potential to cool down rate hike fears. Ether mirrors risk-on recovery ETH’s price climbed up to 8.31% on June 24 to $1,225, six…
” ProShares will launch ETF aimed at shorting Bitcoin following dip under $20K “ The firm behind one of the first Bitcoin futures-linked exchange-traded funds in the United States will give investors a new vehicle to bet against the price of the cryptocurrency. In a Monday announcement, exchange-traded fund issuer ProShares said its Short Bitcoin…
” ‘Worst quarter ever’ for stocks — 5 things to know in Bitcoin this week “ Bitcoin (BTC) starts a new week still battling for $20,000 support as the market takes in a week of severe losses. What felt all but impossible just weeks ago is now a reality as $20,000 — the all-time high…
“Joe Biden has nothing to offer” Near the end of an especially tumultuous week in his tumultuous presidency, Joe Biden gave his first media interview in four months to someone who wasn’t a late-night comedian. For a public hungering for answers, it wasn’t worth the wait. The president chose The Associated Press and the sit-down…