Advanced Micro Devices (AMD) has weakened since late November. The shares were trading around $160 and subsequently fell to near $70 in early July — a rude awakening for buy-and-hold investors. ...
Tag: Investing
Former Coinbase Manager Indicted in First Crypto Insider Trading Scheme
The United States Department of Justice (DOJ) announced today the indictment of Ishan Wahi, a former Coinbase product manager, his brother Nikhil Wahi, and a friend Sameer Ramani. The trio was charged...
This bond ETF has the potential to become the king of fixed income ETFs. Here’s why.
Hello! This is markets reporter Isabel Wang stepping in to cover ETF Wrap for MarketWatch’s Christine Idzelis, who will be back next week. In this week’s edition, I spoke with Todd Rosenbluth, head of...
Zipmex Confirms $53M Exposure to Celsius and Babel Finance
Singapore-based crypto exchange Zipmex declared on Thursday that it has a total of $53 million worth of funds in exposure to crypto lenders Celsius Network and Babel Finance. The latest development co...
BlockFi Discloses $600M “Credit Risk” Amid Turmoil
Cryptocurrency lending startup BlockFi has provided further insights regarding its financial position. According to a quarterly update published on Thursday, the platform faced a $600 million credit r...
What is SHI Stablecoin by Shiba Inu? What We Know (So Far)
Popular memecoin project Shiba Inu (SHIB) is dreaming big. The project’s developers recently announced the upcoming release of the Shi stablecoin. Like most stablecoins, the Shi stablecoin will be peg...
SEC Working to Register Crypto Lending Providers Under Securities Laws
The United States Securities and Exchange Commission (SEC) is working to register crypto lending firms under regulatory purview if they operate like investment companies, according to SEC chair Gary G...
Liquidators Recover Only $40M of Reported $2.8B Owed by Three Arrows Capital
Liquidators of now-bankrupt crypto hedge fund Three Arrows Capital (3AC) have recovered assets worth around $40 million from the company, Bloomberg reported on Thursday. The figure represents only a s...
New Stock Sale Sinks Carnival Corp
Carnival Corp (CCL) announced a $1 billion common stock offering Thursday and traders reacted with sell orders. CCL was recently down about 10% on heavy trading volume. Let’s check out the chart...
AT&T Stock Chart: Buy or Sell After Cash-Flow Outlook Disappoints?
AT&T (T) – Get AT&T Inc. Report seemingly can’t catch a break. The stock is down more than 7% on Thursday after the telecom giant reported earnings. On the plus side, the shares have bo...
Finland Generates $47.5 Million From Sales of Confisticated Bitcoin
Finland has sold off 1,889.1 bitcoins worth around 46.5 million euros ($47.5 million) amidst market turmoil, Bloomberg reported on Thursday. The liquidated crypto assets were seized by the Finnish Cus...
Cleveland-Cliffs’ Charts Look Uninspired Ahead of Earnings
By BRUCE KAMICH Jul 21, 2022 | 08:16 AM EDT Stocks quotes in this article: CLF Steel producer Cleveland-Cliffs ( CLF) is scheduled to report its second-quarter results Friday morning. In our April 22 ...
South Korean Government Postpones 20% Taxation on Crypto Assets Till 2025
The South Korean government announced Thursday the suspension of the 20% tax imposed on crypto incomes set within the limit of 2.5 million won ($1,942.20) till January 2025, citing “the lack of an inv...
Crypto Exchange KuCoin Secures $10 Million Strategic Investment From SIG
Popular cryptocurrency exchange KuCoin announced Thursday that it had signed a partnership with Susquehanna International Group (SIG), a leading global quantitative trading company. KuCoin Secures $1...
The Case for Investing in Bitcoin During Crypto Winter
We can send bitcoin electronically in unlimited amounts, unlike the case with gold. We can easily divide it up into small increments, unlike a gold bar. While bitcoin is still nascent and not immune t...
Improve your Investing Experience with WEWE Global
There are different modalities to invest in if you start your journey in the cryptocurrency area. Yet, even though investing has become common these days, the process can be more difficult if you don’...
How to Invest in the Lithium That’s Driving the EV Market
Lithium is a key metal used in powering electric vehicles, and demand may increase alongside electric car sales. Canva Contents Why Is Lithium Important? Lithium is an important raw material used to p...
Americans Are Getting the Stock Market Really Wrong
A reason more people consider real estate to be a better investment than stocks, bonds, gold, cryptocurrency or a bank account is the value of an average American home grew by more than 20% between th...
Electric Car Maker Tesla Dumped $936 Million Worth of Bitcoins in Q2
The world’s largest electric car manufacturer, Tesla Inc., on Wednesday, released its second quarter (Q2) financial earnings report revealing the sale of 75% of its total bitcoin worth billions of dol...
South Korean Prosecutors Raid Upbit and Other Local Crypto Exchanges Over Terra’s Crash
A group of investigators from the Seoul Southern District Prosecutors Office raided local crypto exchanges on Wednesday in an ongoing investigation into the infamous Terra Luna crash, Yonhap News Agen...
Crypto Exchange FTX Reportedly Plans to Raise Fresh Funds After Acquisition Spree
Sam Bankman-Fried’s cryptocurrency exchange FTX is planning to raise fresh funds after its recent acquisition spree amidst the crypto bear market, Bloomberg reported Wednesday, citing people familiar ...
Trading Nvidia, AMD and Intel as Congress Votes on Chips Act
Chip stocks like Nvidia (NVDA) – Get NVIDIA Corporation Report, Advanced Micro Devices (AMD) – Get Advanced Micro Devices Inc. Report, Intel (INTC) – Get Intel Corporation Report ...
4 takeaways from the Investing Club’s ‘Morning Meeting’ on Wednesday
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Monday’s key moments. 1. What Netflix earnings me...
Crypto Exchange Zipmex Suspends Withdrawals Amid Crypto Winter
Singapore-based crypto exchange Zipmex has just announced a pause in the withdrawals of users’ funds till further notice. Zipmex Halts Withdrawals The company noted in the announcement that the move w...
Polygon Rolls Out Ethereum-Equivalent Zero-Knowledge Scaling Solution
Polygon, a leading Ethereum blockchain scaling solution and web3 infrastructure, announced Wednesday the launch of its Zero-Knowledge Ethereum Virtual Machine (Polygon zkEVM). According to the offici...
Shares Jump Despite Subscriber Losses
Getty Images Key takeaways Netflix earnings for Q2 2022 dropped Tuesday after market close The streaming giant posted a loss of 970,000 subscribers compared to its previous loss forecast of 2 million ...
Let Your Portfolio Flourish By Investing In These Cryptos Right Now; Gnox (GNOX), Litecoin (LTC), And Stellar (XLM)
Bitcoin appears to be entering a relief rally, even after the CPI (Consumer Price Index) shows inflation standing at 9.1% for June, a forty-year high, indicating that no one can predict how the market...
How to avoid the pitfalls of crypto investing in preparation for the next bull run
The expression hindsight is 20/20 comes to mind when thinking about the crypto crash. Since the November 2021 peak, the total crypto market cap has fallen about 70% in value, and crypto investors, reg...
Valkyrie Establishes $30m Venture Fund, Investing in Crypto & Web3 Projects
Crypto asset management firm Valkyrie is launching a new financial investment product. The Tennessee-based company announced on Tuesday that it is moving into venture capital with plans to raise a $30...