On Monday (July 11), Meltem Demirors, Chief Strategy Officer (CSO) at digital asset investment firm CoinShares, shared her latest thoughts on Bitcoin during an interview with CNBC. The CoinShares CSO’s comments were made during a conversation with journalist Andrew Ross Sorkin, co-anchor of “Squawk Box“, CNBC’s signature morning program. Demirors told […]

Shares of The Gap, Inc. (GPS) are down more than 6% in premarket on Tuesday after the retailer announced departure of its chief executive officer Sonia Syngal. On an interim basis, Bob Martin, the company’s current executive chairman of the Board, will be the president and chief executive officer, effective […]

A popular cryptocurrency trader has predicted that the flagship cryptocurrency Bitcoin ($BTC) will hit a new all-time high next year after an unexpected rally helps it surpass the six-figure mark, before the bear market returns in 2024 and 2025. According to the pseudonymous analyst known as Credible Crypto, Bitcoin could […]

Summary: The team at CoinFLEX has stated that they have a deficit of $84 million originating from ‘a large individual customer’ that had earlier been identified as Roger Ver. Initially, the deficit was estimated at $47 million, but this value did not include the significant loss in liquidating his significant […]

Bitcoin is back above $21,000 after dipping below $20,000 for the first time since December 2020. The largest cryptocurrency by market cap witnessed an immense plunge in June as investors looked to sell off to avoid further losses. The increase in selling pressure was attributed to Bitcoin whales who rushed […]

Summary: Blockchain.com’s CEO has revealed that the company faces a $270 million loss on loans to the Three Arrows Capital hedge fund. However, he states that the company remains liquid and solvent, and its customer will not be affected by the loss. Blockchain.com CEO, Peter Smith, has revealed that the […]

Lee Reiners – a former employee of the Federal Reserve Bank of New York and currently executive director of Duke University’s Global Financial Markets Center – says he believes Crypto has no cash flow and should be kept out of the banking system. Lee Reiners believes Crypto is not a […]

US SEC chairman Gary Gensler speaking with Jim Cramer on CNBC has made it clear that Bitcoin is the only crypto he is willing to openly call a commodity. Gensler speaking with Mad Money host Jim Cramer highlighted the speculative nature of the crypto markets, arguing that most of them […]

Shares of Helen of Troy Limited (HELE) are down more than 9% Thursday morning after the company slashed its full-year outlook. First-quarter earnings also missed analysts’ view. Helen of Troy engages in the design, development, import, and distribution of brand-name consumer products. Looking forward, Helen of Troy expects full-year net […]

Tim Draper has said he is convinced that Bitcoin is set to claim the $250,000 price point in an email conversation with Forbes, as reported by the outlet on Friday. It’s not the first time the venture capitalist has made such a prediction. In an interview with the same media […]