Elon Musk says he continues to support Dogecoin (DOGE) despite the meme token’s crypto winter-induced 90% plummet from all-time highs. In a new interview with Bloomberg News editor-in-chief John Mickl...
Tag: Investing
Crypto Startup FalconX Hits $8 Billion Valuation After Raising $150 Million
Institutional crypto trading platform FalconX has raised $150 million in a Series D funding round, bringing the company’s valuation to $8 billion. This means that FalconX’s valuation has more than dou...
Polestar shares expected to debut Friday on Nasdaq after SPAC deal approved
Shares of electric vehicle company Polestar are expected to debut on the Nasdaq on June 24, after shareholders of special purpose acquisition company Gores Guggenheim Inc. GGPI, +11.87% approved the p...
Tether Plans to Launch Another Stablecoin Pegged to the British Pound Sterling
USDT stablecoin issuer Tether announced Wednesday its plan to launch a new stable digital currency pegged 1:1 to the British Pound Sterling. The firm disclosed that the new stablecoin, dubbed GBP₮, wo...
Microsoft Stock: When to Buy if the Selloff Continues?
There’s no other way to put it: Tech is marred in a bear market. Many stocks are down 40% to 50% or more. Not Microsoft (MSFT) – Get Microsoft Corporation Report, though. The stock is currentl...
Stock market nosedive, recession and your 401(k). Here’s what to do.
Even some of the most aggressive retirement savers and investors might find themselves a bit nervous these days with talks of a recession and a market downturn, so the best strategy for those in it fo...
Crypto platform Voyager Digital shares plunge 60% after revealing $665 million exposure to embattled hedge fund; considers issuing default notice
Crypto platform Voyager Digital Ltd. VOYG, -52.50% shares plunged more than 60% Wednesday after the company said its subsidiary Voyager Digital LLC, may issue a notice of default to embattled crypto ...
Popular Online Marketplace eBay Acquires NFT Platform KnownOrigin
Popular American e-commerce firm eBay announced Wednesday that it had acquired the Ethereum-based NFT marketplace, KnownOrigin. eBay Acquires KnownOrigin The acquisition is aimed at integrating the no...
This dividend fund is down 3% vs. S&P’s 20% drop. Here are its top stock picks
By now even the most ardent tech and growth-stock enthusiasts realize the bull market is over. John Kornitzer’s approach to selecting high-quality stocks for the Buffalo Flexible Income Fund is one th...
Powell says U.S. economy can handle the additional rate hikes that are coming
Federal Reserve Chairman Jerome Powell on Wednesday pushed back against economists who argue that aggressive Fed interest-rate hikes have increased the odds of a recession or hard landing for the U.S....
Investing in Crypto with Staking and Savings
As cryptocurrencies continue to gain mainstream adoption, many people are looking for ways to join and benefit from the market. Although day trading is the most common way to make money with digital a...
Huobi’s Former Manager Faces Lawsuit for Illegal Trading
Chen Boliang, a former senior manager at crypto exchange Huobi, has been sued for conducting illicit trading, the Financial Times (FT) reported on Wednesday. Huobi’s Former Manager Sued for Illegal Tr...
What are the Benefits of Investing in a Bitcoin ROTH IRA?
Talking about the cryptocurrency market is growing very fast. Bitcoin was the first cryptocurrency created and the industry is growing rapidly. In the same year i.e.2022, it reached $ 2 trillion. 2021...
Voyager Discloses $660M Exposure to Troubled VC Firm 3AC Capital
Publicly-traded crypto platform Voyager Digital has revealed that it may issue a notice of default to the struggling crypto VC, Three Arrows Capital (3AC) for failure to repay its loan. In an official...
Reasons To Include International Investments In Your Portfolio
Particularly in today’s challenging market environment, investors should think twice before giving … [+] ex-U.S. assets the cold shoulder. getty The United States currently represents 60% of the...
Why You Should Be Investing In Cryptocurrencies
Cryptocurrencies are all the rage right now. With Bitcoin and Ethereum reaching all-time highs, it’s no wonder everyone is talking about investing in them. These are just a few of more than 1500 diffe...
Crypto Lending Company BlockFi Secures $250m Revolving Credit Facility With FTX
Cryptocurrency lender company BlockFi has signed a nonbinding agreement with leading American crypto exchange FTX to secure a $250 million revolving credit facility to improve its balance sheet and st...
S&P 500 must fall another 15%-20% to price in recession, says Mike Wilson at Morgan Stanley
The price is not right. That’s the verdict from strategists at Morgan Stanley and Goldman Sachs, who each warned as a new week kicked off that the stock market wasn’t fully pricing in a recession. And...
NFT Marketplace Magic Eden Bags $130M in Series B Funding Despite Crypto Winter
Popular Solana-based NFT marketplace Magic Eden has raised $130 million in Series B funding, bringing the company’s valuation to $1.6 billion. The latest funding comes at a time when the global crypto...
Nearly one-third of older Americans have less than $10,000 saved for retirement
Many older Americans are willing to work during their retirement years — and they may have to be — because they aren’t financially prepared for their old age. Almost three in 10 people between 55 and...
Meet the ‘unluckiest’ stock market investor of modern times
If you’re thinking of pulling your 401(k) out of the stock market, or you’re too terrified to invest more, you need to meet my friend Betty Badluck. Poor old Betty has had the worst luck of any stock ...
Supreme Court dismisses case against SEC’s ‘no admit, no deny’ policy backed by Musk, Cuban
The U.S. Supreme Court Tuesday rejected a challenge brought against the Securities and Exchange Commission by a former Xerox executive, and backed by Tesla CEO Elon Musk, against the Securities and Ex...
Elon Musk Discusses Crypto Investing, Dogecoin Support, ‘Unresolved’ Twitter Issues, and Near-Term Recession – Featured Bitcoin News
Tesla and Spacex CEO Elon Musk has shared his views on a variety of topics, including crypto investing, why he supports the meme cryptocurrency dogecoin, “unresolved matters” in his Twitter takeover b...
I Never Asked People to Invest in Crypto
A few days after Elon Musk and his companies – Tesla and SpaceX – were sued by an American citizen, Kieth Johnson, for promoting Dogecoin, the billionaire said in a Bloomberg interview that he “never ...
Is Bitcoin Dead? Is This the End of Crypto? No Way! Here’s Why
It’s that stage in the market cycle where almost everyone feels defeated. Total crypto market capitalization has slumped to less than a trillion dollars, despite only being worth three times that valu...
I’m Intrigued as Kellogg Splits Into 3: Here’s the Play
It was the “eureka” moment, as I read the press release. Of course! How to revive or at least drain more value from a beloved, but way past mature American brand name. Talk about a consume...
Elon Musk joins the growing chorus fearing a U.S. recession. But there are stocks for that.
Look out above, the dip buyers are back in town. Stocks are soaring — for now — as Wall Street returns from a long holiday weekend, with Fed Reserve Chair Jerome Powell testifying in front of Congress...
Bitcoin Miner Bitfarms Confirms 3,000 BTC Sale and Less HODL
Nasdaq-listed Bitcoin mining company Bitfarms has confirmed the sale of approximately 3,000 BTC (appr. $62 million), making it the latest mining firm to announce the sale of mined bitcoins in the wake...
Vitalik Buterin Criticizes Bitcoin S2F Model (to $100k) Prediction
Vitalik Buterin, the founder of Ethereum, has criticized PlanB’s popular Bitcoin Stock-to-Flow (S2F) chart, noting that the model gives people false hope. Sharing his views on Twitter today, Buterin s...
How to Start Work With Crypto When You Are a Student in 2022?
If you have not been living under a rock, you must have heard of crypto, bitcoin, blockchain, digital currency, and other related terms. For quite a while now, the conversation surrounding blockchain ...
Here’s how much the average working boomer has saved for retirement
Three news items that say a lot about the retirement crisis facing Americans and what we can do about it—if we want to. The first is a survey of 1,000 working Americans conducted recently showing much...