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“# BAT price hits new high after 30% daily rally as Basic Attention Token bucks crypto downtrend ” Basic Attention Token (BAT) rallied to a new record high on Nov. 26 even as global markets plunged in tandem on fears about a highly mutated variant of Covid19 detected in South Africa. BAT’s price surged over 30%…
“#Dow tanks 900 points on COVID concerns, worst one-day drop of the year” The Dow Jones Industrial Average tanked more than 900 points Friday in a holiday-shortened trading day after the discovery of a new variant of COVID-19 in South Africa jolted investors around the world. The Dow fell as much as 1,000 points at one point, but finished the…
“#Elon Musk sells another $1B in Tesla stock” Tesla CEO Elon Musk disclosed Tuesday that he sold another 934,091 shares of the electric vehicle maker, worth some $1.05 billion, bringing his total selling spree this month to nearly $10 billion worth of Tesla stock. Musk — the wealthiest man in the world, worth some $300…
“# $60K becomes resistance — 5 things to watch in Bitcoin this week ” Bitcoin (BTC) begins a new week with a rare disappointment for its Q4 bull run — failing to crack previous support. After a promising weekend, BTC/USD ultimately saw rejection at $60,000 twice, and has since headed below $57,000 as market momentum…
“# Crypto miner PrimeBlock reportedly plans to go public through 10X Capital merger ” Prime Blockchain, also known as PrimeBlock, is reportedly preparing for a public offering in the United States through a special-purpose acquisition company, or SPAC. In a Thursday report, Bloomberg said Bitcoin (BTC) mining firm PrimeBlock is currently discussing going public in…
“#Electric car maker Rivian stalls after red hot market debut” Shares of electric vehicle maker Rivian retreated Wednesday, putting brakes on a euphoric rally that has seen it surpass legacy automakers such as General Motors in market capitalization despite questions about its business model. Rivian dropped, 14 percent, for the first time since its blockbuster…
“# Novogratz’s crypto firm Galaxy Digital delays US stock listing to 2022 ” Galaxy Digital Holdings, Mike Novogratz’s cryptocurrency investment management firm, is not going public in the United States in late 2021 as the firm previously planned. Galaxy Digital has postponed plans for a U.S. listing, now expecting to go public in the first…
“#Tesla’s Musk sells $930M in shares to cover stock option tax filings” Tesla CEO Elon Musk has sold $930 million in shares to meet tax withholding obligations related to the exercise of stock options, U.S. securities filings showed on Monday. Musk sold 934,091 shares after exercising options to buy 2.1 million stocks at $6.24 each on…
“# Crypto mining stocks dip as SEC issues subpoena for Marathon Digital mining facility ” The United States Securities and Exchange Commission (SEC) has ordered crypto mining firm Marathon Digital Holdings to produce documents and communications for one of its mining facilities in Montana. According to a Monday filing with the SEC, Marathon Digital received…
“# Nasdaq-listed Bitcoin mining firm Marathon to raise $500M in debt ” Marathon Digital Holdings, one of the largest Bitcoin (BTC) mining companies in the United States, is looking to raise $500 million in debt to buy Bitcoin and set up new Bitcoin miners. The Nasdaq-listed company officially announced Monday a private debt offering featuring…