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“# Top 5 cryptocurrencies to watch this week: BTC, AAVE, ATOM, NEO, VET ” The Purpose Bitcoin (BTC) exchange-traded fund debuted on the Toronto Stock Exchange on Feb. 18 and has quickly ramped up trading volumes of about $400 million worth of shares in two days. This is quite impressive, considering that the equity market…
“# Ravencoin (RVN) gains 865% as interest in tokenized securities grows ” Ravencoin (RVN) price has rocketed higher in February as a fresh wave of buying volume lifted the token’s price by more than 800% in the past 20 days. Data from Cointelegraph Markets and TradingView shows that RVN rose from $0.016 on Jan.29 to…
“# Bitcoin price hits $54K, reaching a $1T market cap faster than Amazon and Google ” Within the last hour, Bitcoin’s market capitalization pushed above the $1 trillion level. This milestone occurred less than a year after its market cap dipped below $100 billion on Black Thursday and the move to a new all-time high…
“#Uber stock slides after UK court rules drivers are ‘workers’” Uber’s stock price tumbled Friday after Britain’s top court said its drivers should be treated as “workers” rather than independent contractors. Shares in the ride-hailing giant slid 1.6 percent in premarket trading to $58.07 as of 9:17 a.m. following the UK Supreme Court’s ruling, which…
“# Crypto is ‘poorest hedge’ for drawdowns in equities, JPMorgan analysts say ” Analysts at American investment bank JPMorgan Chase have delivered another skeptical statement on Bitcoin (BTC), arguing that its current price is much higher than its fair value. In a regular memo for investors, JPMorgan argued that cryptocurrencies like Bitcoin are an “economic…
“# Congress is blaming Robinhood, not Reddit ” Vlad Tenev, Robinhood’s CEO, very much occupied the hot seat in today’s hearing before the House Financial Services Committee over January’s market volatility. None of the representatives seemed particularly interested in putting the screws to Reddit CEO Steve Huffman, and many seemed to give Keith Gill the…
“# Riot Blockchain stock plunges 20% following parabolic rally ” Shares of crypto mining company Riot Blockchain (RIOT) plunged on Thusday, giving back a portion of a parabolic rally that was largely driven by news of a major boost in hash rate capacity. RIOT fell 20.4% to close at $62.03 on Thursday but was moving…
“# Debut Canadian Bitcoin ETF nears $100 million in volume in first few hours of trading ” The first Bitcoin ETF in North America, TSX’s Purpose Bitcoin ETF. had a gangbusters debut today trading nearly $100 million in volume. A Bloomberg Law report noted that the ETF saw over $80 million in volume in the…
“#COVID vaccine honchos sold $496M in stocks last year: report” Pharma honchos cashed out nearly half a billion dollars in stock as their companies raced to develop life-saving coronavirus vaccines, a new report says. Executives and directors at 13 firms working on vaccines — including Pfizer, Moderna and Novavax — collectively sold more than 8.5…
“# Robinhood CEO calls on SEC to revise ‘outdated’ trading rules ” United States lawmakers are set to grill Robinhood CEO Vlad Tenev over the GameStop trading frenzy at a Congressional hearing later today. In his prepared remarks, Robinhood CEO appeared to place responsibility for the platform’s stock trading suspensions on the U.S. Securities and Exchange Commission….