It’s the last Friday of the month with $1.8 billion worth of bitcoin options to expire tomorrow on Deribit, a futures and options platform. That makes it one of the biggest expiries, with $1 billion in intrinsic value at expiration betting bitcoin won’t reach $40,000. Bitcoin’s current price is $39,700 […]
Billionaire businessman and founder of diversified holding company Icahn Enterprises, Carl Icahn, has revealed that he is looking at getting into the cryptocurrency industry in a big way, with the possibility of investing up to a billion dollars in crypto assets. Crypto is Here to Stay In an interview with […]
Goldman Sachs (GS) Chief Economist Jan Hatzius believes that it is possible for Federal Reserve to come up with a digital currency. Hatzius’s comment was preceded by Federal Reserve CEO Jerome Powell who explained the requirement of a parallel currency in a presentation on May 20. Powell said, “The effective […]
In over one year last week, the crypto market experienced the worst plunge, with significant currencies crashing up to 30% in 24 hours. The event followed a bull run which brought coins such as bitcoin and ethereum to all-time highs late last year. The Mysterious Whale Cryptocurrency prices have fallen […]
Statistics from Google search trends show a high level of interest in cryptocurrency from retail investors, with search interest reaching an all-time high (ATH) globally. Retail Interest in Crypto Skyrockets According to a tweet on Wednesday (May 19, 2021), a graph showed that more people were searching for the word […]
As the global crypto markets try to recover from the latest bloodbath that saw the value of the global cryptocurrency markets crash significantly below the psychological $2 trillion this week, analysts have revealed that the correction was not entirely caused by Elon Musk’s actions or the latest China crypto ban, […]
Shares of SemiLEDs Corporation (LEDS) are up more than 5% Wednesday morning at $8.32. There have been no company-specific news to be attributed to the upward movement of the stock. The stock more than doubled from the beginning of this month as per 1st May’s opening price of $3.73. LEDS […]
Shares of water utilities company California Water Service Group (CWT) are down 5 percent on Tuesday’s trading despite there being no company announcement to drive down the stock. In April, the San Jose, California-headquartered company had posted first-quarter net loss of $20.3 million or $0.42 per share, wider than $7.6 […]
Shares of Fisker Inc. (FSR) are gaining nearly 9% on Friday morning after the electric-vehicle company announced a EV manufacturing deal with tech manufacturer Hon Hai Precision Industry, popularly known as Foxconn. FSR is currently trading at $10.83, up $0.88 or 8.84%, on the Nasdaq. Fisker signed framework agreements with […]
On Wednesday (May 12), just three weeks after agreeing with Jack Dorsey that “Bitcoin incentivizes renewable energy”, Elon Musk shook the crypto market by announcing that Tesla is no longer accepting BTC as a payment method. On February 8, the world learned from Tesla’s latest annual report (Form 10-K) that […]
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