Crypto markets gained more than a percent, early on Tuesday amidst a splendid rally by Dogecoin that followed Twitter’s blue bird logo being replaced by a Shiba Inu dog. A higher-than-expected decline in the factory output in the U.S. also triggered hopes of a faster Fed pivot. The Dollar Index, […]

Crypto market capitalization has surged to $1.17 trillion, from the level of $0.80 billion at the end of 2022, registering a rally of close to 47 percent. Expectations that the Fed would oblige with a dovish pivot gained ground with the decline in consumer price inflation in the U.S. and […]

Shares of charging solutions provider EVgo, Inc. (EVGO) are surging more than 23% Thursday morning after reporting more than 200% growth in fourth-quarter revenue. Revenue in the fourth quarter increased to $27.3 million from $7.1 million last year, primarily driven by retail charging, eXtend, and ancillary revenues. The company reported […]

Around four months after the dramatic collapse of the FTX crypto exchange, on March 8 to be exact, crypto-focused bank Silvergate Capital Corporation (SI) announced that it would wind down operations and voluntarily liquidate Silvergate Bank. The cryptocurrency-focused lender had a week earlier warned it was delaying its annual report […]

Shares of Clothing company PVH Corp. (PVH) are rallying more than 18% Tuesday morning after reporting better-than-expected fourth-quarter earnings. The company’s first-quarter as well as full-year guidance also came in above analysts’ view. Net profit in the fourth quarter declined to $138.7 million or $2.18 per share from $390.8 million […]

In a recent interview, Catherine Wood, Founder, CIO, and CEO at ARK Investment Management, LLC (aka “ARK” or “ARK Invest”), shared her thoughts on Bitcoin. On March 23, during a conversation with Dr. Art Laffer, her mentor, former professor, and advisor to her firm, Wood said that if people’s confidence in traditional global […]

The world’s largest crypto exchange by trading volume, Binance, and its CEO, Changpeng Zhao, are being sued by the U.S. Commodity Futures Trading Commission (CFTC) for allegedly violating trading and derivatives rules. The U.S. government agency announced on Monday. Markets took a sharp dive in the wake of the CFTC’s […]

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In a series of Twitter exchanges on March 23 and 24, Peter Schiff, CEO of Euro Pacific Capital and a long-time Bitcoin critic engaged in a heated discussion about the cryptocurrency’s value and its potential in the face of inflation. The conversation began with Schiff tweeting about Bitcoin buyers being […]

Taking to Twitter, Mike McGlone, a Senior Macro Strategist at Bloomberg Intelligence, highlighted the firm’s report excerpts. Focusing particularly on the aspect that centres Bitcoin, McGlone shared screenshots of the report, in which the perception of  Bitcoin was said to be similar to that of gold but in a digital […]