FTX US, the United States division of Sam Bankman-Fried’s cryptocurrency derivatives exchange FTX has signed a “definitive agreement” worth $640 million with troubled crypto lender BlockFi. According...
Tag: Investing
Crypto: Hedge Fund Debacle May Ruin Two Prominent Lenders
Two more. The carnage continues in the crypto industry. Two days after Singapore hedge fund Three Arrows Capital (3AC) was forced into liquidation, two of its lenders are being forced to take drastic...
Solana-based Crema Finance Hacked for $8.7M in DeFi Exploit
Crema Finance, a DeFi protocol on the Solana network, suffered a security breach in the early hours of Sunday. The hack led to the loss of an estimated $8.7 million which the attacker still holds in s...
Banks Get Burned by Risky Debt, Imperiling Buyout Activity
By Laura Cooper July 3, 2022 9:03 am ET Listen to article (2 minutes) Investment banks are facing big losses on leveraged buyouts they agreed to finance before markets soured, further chilling the out...
The 60-40 portfolio is supposed to protect investors from volatility: so why is it having such a bad year?
The first half of 2022 has been a historically bad stretch for markets, and the carnage hasn’t been limited to stocks. As stocks and bonds have sold off in tandem, investors who for years have relied ...
Tesla Deliveries In Focus Following Record Quarterly Stock Slump
Updated at 9:35 am EST Tesla (TSLA) – Get Tesla Inc. Report shares, fresh off their worst quarterly decline on record, trimmed their slump Friday as investors brace for what could be a grim rea...
Grayscale Bitcoin Trust’s Discount Is Tempting. Why It’s Not a Slam Dunk.
There is a way to buy Bitcoin for nearly a third less than the market price, but investors do so at their peril. That is the broad lesson to draw from the travails of the Grayscale Bitcoin Trust (tick...
Crypto hedge fund Three Arrows files for U.S. bankruptcy
Crypto hedge fund Three Arrows Capital has filed for bankruptcy under Chapter 15 of the U.S. Bankruptcy Code, according to a court filing in the Southern District of New York on Friday. Three Arrows C...
If You’ve Got Time, These Three Dividend Aristocrats Should Pay Off
If you’re an investor with long time horizon, then you should meet these three high-growth Dividend Aristocrats. Dividend Aristocrats, as a reminder, are a group of 65 stocks in the S&P 500 ...
ETH Ends the Sixth Day of it Consistent Losses
Ethereum has been on the downtrend since the start of the week and is showing no signs of stopping. It ended the fifth day of the seven-day period with no notable losses but a red candle which continu...
Coupang Could Make a Bigger Trading Bounce
Coupang, Inc. (CPNG) is a South Korea-based e-commerce company founded by Bom Kim back in 2010 and it got a favorable nod by a sell side firm Friday. Let’s check out the charts and indicators. ...
General Motors Stock Halted, Edge Higher On Q2 Chip Shortage Hit
Updated at 2:26 pm EST General Motors (GM) – Get General Motors Company Report cautioned Friday that chip shortages and supply chain disruptions lead to production delays that impacted around 1...
NFT Marketplace Quixotic Confirms $100k Exploit via Offering Feature Breach
Quixotic, a non-fungible token (NFT) marketplace built on layer-2 scaling solution Optimism, on Friday confirmed an exploit that resulted in the loss of $100,000 worth of ERC-20 tokens. The attacker ...
My Setup for the Second Half of 2022 Begins With These 13 Stock Picks
Now for the toughest trick. Equity markets just turned in their worst first half since 1970. You do realize how long ago that was, right? I was in first grade. In the blink of an eye, I am now one of ...
Bitcoin Tumbles Towards Washout as Crypto Enters ‘Get Me Out’ Phase
In our June 13 review of bitcoin futures we gave a sober outlook for prices including a price target: “In this daily Point and Figure chart of bitcoin, below, we can see the breakdown and a pric...
El Salvador Purchases $1.5 Million Worth of Bitcoin at $19,000
Bitcoin-friendly El Salvador has bought the dip, adding 80 BTC ($1.5 million) to its balance sheet. The country said it purchased the bitcoins at an average price of $19,000 each. El Salvador Buys 80 ...
Asset-Backed Token Raise to Support the Build of Algae Biomass Protein Farms
SIT is the world’s first blockchain-based algae biomass project offering. The project will be built utilising patented sustainable technology to deliver a pioneering green investment opportunity. Car...
A New Book Tackles Investing By Blending Stoicism With 21st-Century Data Crunching
NEW YORK – OCTOBER 07: A trader works on the floor of the New York Stock Exchange October 7, 2008 … [+] in New York City. Despite a government debt buyout plan, the Dow continued to fall t...
Investing In Stocks: First Half Stunk, Will H2 Be Better?
With the first half of 2022 closing today and the major stock market indexes wallowing near or in bear market territory, it’s natural to wonder if the second half will bring more of the same or ...
Economist Roubini: Why Stocks Poised for 50% Wipeout
The stock market is off to its worst start to a year since 1962, with the S&P 500 dropping 21% in the first half of 2022. Meanwhile, many experts are warning that a recession is likely within the ...
Bitcoin and Ethereum Record Tremendous Losses
The crypto market is going through one of its toughest second quarter. Most cryptocurrencies have significantly lost a large chunk of their value over the last three months. This is attributed to the ...
Singapore Regulator Reproves Three Arrows Capital for Exceeding $250M Threshold
The Monetary Authority of Singapore (MAS) disclosed Thursday that it had reprimanded Three Arrows Capital (3AC). The troubled crypto fund manager is charged with providing inadequate information and s...
AMD Stock Approaches Key Support Amid Fall to New Lows
Advanced Micro Devices (AMD) – Get Advanced Micro Devices Inc. Report is declining to new 52-week lows and is now down 54% from its all-time high just just seven months ago. It’s been a brutal ...
FTX to Acquire BlockFi For $25M (99% Discount)
Sam Bankman-Fried’s crypto company FTX is on track to acquire troubled cryptocurrency lending firm BlockFi for $25 million, CNBC reported Friday. The deal, expected to conclude as soon as this week, w...
As Carnival, Royal Caribbean and Norwegian Sink, Here’s When to Dive In
Cruising stocks floated about as well as a sack of bricks on Wednesday. A Morgan Stanley analyst made negative comments about the industry, and questioned one company’s ability to withstand a re...