The cryptocurrency platform Midas Investments disabled deposits and swaps due to severe financial losses caused by Celsius’ bankruptcy and FTX’s fiasco. CEO Iakov Levin said the organization will aim ...
Tag: investments
FTX used $200 million of customer funds for two venture investments
FTX founder Sam Bankman-Fried leaves following his arraignment in New York City on December 22, 2022. Ed Jones | AFP | Getty Images Of the billions of dollars in customer deposits that disappeared fro...
FTX and Celsius contagions force Midas Investments shut down
Midas Investments announced the closure of its DeFi solution as the FTX and Celsius contagions and other devastating events so far in 2022 made it impossible to continue normal operations. Midas Inves...
FTX Bankruptcy Sees Midas Investments Announce Closure
On Tuesday, Midas Investments announced its sudden closure in a blog by its CEO Iakov “Trevor” Levin. As a result of significant losses in 2022, the platform that focused on DeFi yields is closing its...
My 2023 Stock Pick Is a No-Frills Big Bank Hiding Right in Front of Us
What if I told you I found a stock that’s already discounted from recession jitters, has top-notch management, and a valuation you can wrap your arms around? And what if that same stock was actu...
Midas investments to cease operations after a $63M loss
Midas Investments becomes the latest victim to succumb to liquidity pressure caused by the 2022 bear market. The platform, established in 2018, provided passive income streams to cryptocurrency invest...
Global Cryptocurrency Market Report 2022-2026: Market is Poised to Grow by $1.47 Billion – Rising Investments in Digital Assets – ResearchAndMarkets.com
DUBLIN–(BUSINESS WIRE)–The “Global Cryptocurrency Market 2022-2026” report has been added to ResearchAndMarkets.com’s offering. The cryptocurrency market is poised to grow by $1.47 bn during 2022-2026...
Midas Investments close down amid $63M DeFi portfolio deficit
Custodial CeDeFi investment platform Midas will close down its operations because of a $63.3 million deficit in its decentralized finance (DeFi) portfolio. In an announcement, the company’s founder a...
Here’s My 2023 Stock Pick — and Advice That’s Perhaps More Important
Before we get to my “best bet” for the coming year, I want to put this whole “New Year Stock Pick” thing in perspective. You know the first part: I am going to give you a na...
Fidelity Investments files for trademark applications for Web3 products and services
Investment giant Fidelity Investments recently submitted three trademark applications to the United States Patent and Trademark Office (USPTO) for a wide range of Web3 products and services. These inc...
For 2023, This Dividend Pick Will Add Some Style to Your Portfolio
What a tough year for the financial markets. Some dividend stocks performed relatively well in 2022, especially in the energy sector, but with the U.S. stuck in a prolonged bear market, many perennial...
Could BNB’s diminishing enthusiasm have investors rethink their 2023 investments
BNB released its weekly stats and December stars list Metrics showed signs of recovery but indicators were against a price surge Binance Coin [BNB] recently released its weekly stats, pointing out h...
Former Alameda CEO Admits to Using FTX Customer Deposits To Repay Loans on Risky Investments: Report
Caroline Ellison, the former CEO of Alameda Research, says the trading firm made short-term and open-term loans worth billions of dollars to pay for its venture investments. In a transcript of her gui...
Bearish Bets: A Retailer and 2 Other Stocks You Should Think About Shorting
Each week we identify names that look bearish and may present interesting investing opportunities on the short side. Using technical analysis of the charts of those stocks, and, when appropriate, rece...
As Temps Drop, This Energy Play Should Be a ‘Peak’ Performer
The “Bomb Cyclone” that was slated to hit the country during the holidays seems an appropriate way to end 2022, which has brought little but bad tidings for investors. The artic blast has ...
The Best Performing Stock in 2023 Will Be…
If you want to produce superior returns in 2023, then your primary focus should be on strategy rather than trying to find a great stock pick. The best-performing stock in 2023 will be the stock you tr...
Doug Kass: What If David Tepper Is Wrong?
The battle of investment wit continues. David Tepper’s CNBC interview Thursday and FinTV’s coverage of it caused more than a ripple in the markets (here it is). At one point Thursday the S...
Vale: Mining a Stock With Long-Term Promise
Vale S.A. (VALE) is a Brazil-based miner of nickel and other key metals and minerals (iron ore and pellets, nickel, manganese ore, copper, ferroalloys, metallurgical and thermal coal, copper and cobal...
Start Your New Year With The Right Investments
SPONSORED POST* The new year is fast approaching, and it’s time to start looking at investments that will offer the most potential in 2023. While there are many options out there, two of the most prom...
This 73-Year-Old Investment Strategy Is Still Working Today
As we put 2022 out of its misery, I am reflecting back on what worked and what did not this year. There was plenty that did not. One area that was modestly successful was a screen I’ve used for ...
3 High Dividend Stocks With High Expected Returns for 2023
As we look forward to 2023 — after a year of steep losses in many stocks in 2022 — we believe that there is significant opportunity in many dividend stocks. Shares of companies that have b...
Coinbase May Drop Further Between the Couch Cushions
Coinbase Global (COIN) is an online platform for buying, selling, transferring, and storing cryptocurrency. There still seems to be supporters of the company and crypto in general but let’s see ...
The Only Way to Trade Nvidia Is Cautiously
By BRUCE KAMICH Dec 22, 2022 | 02:01 PM EST Shares of chip maker Nvidia ( NVDA) are getting hit Thursday as investors worry about news on Micron Technology’s ( MU) announcement of spending cuts...
ICOs Like Oryen Network Are Highly Profitable Compared To Regular Investments Like Cardano
The rise of Initial Coin Offerings (ICOs) in the blockchain space has been revolutionary. Many blockchain projects have used them to finance their development and expansion, with some ICOs leading to ...
HedgeUp Is Making Alternative Investments More Accessible. Here’s How:
Join Our Telegram channel to stay up to date on breaking news coverage With inflation rising and the stock market becoming more volatile, many investors are looking for ways to diversify their portfol...
I’m a Small-Cap Guy, but Disney, Wells Fargo Suddenly Look Entertaining
Outside of energy, investors have found few safe-havens over the past 12 months. The Nasdaq is down over 30% in 2022 and mega caps like Amazon (AMZN) , Tesla (TSLA) and Alphabet (GOOGL) have all tak...