Coinbase, cryptocurrencies, crypto getty Coinbase COIN (NYSE: COIN) began its existence on April 14th, 2021 as a hot initial public offering that cryptocurrency freaks could not stop talking about. There was more than the usual amount of “this one’s going to the moon!” free and sometimes paid-for advice that typifies a certain type of IPO…
stock market, stablecoin getty While stocks gained ground this week and many seemed to be recovering from the late February sell-off, these 3 well-known names slumped to new 52-week lows. CVS Health (NYSE: CVS), Hormel Foods HRL (NYSE: HRL) and Silvergate Capital (NYSE: SI) continued downward with little sign of bottoming. CVS Health in February…
Topline Cryptocurrencies took a tumble late Thursday and early Friday after the latest unsettling news involving Silvergate Capital, the bank backing much of crypto’s largest players, losing major clients and teetering on the brink of bankruptcy. It was more pain than gain (or chain) for bitcoin investors Friday. Getty Images Key Facts Bitcoin fell 4%…
Getty Images Key takeaways The SEC has recently escalated its campaign against unregistered securities, which they claim put investors in risky situations without enough transparency Kraken has shut down its staking service in the U.S. after paying a $30 million settlement to the SEC, causing concerns for other proof-of-stake companies like Ethereum The SEC has…
Paxos logo displayed on a phone screen, representation of cryptocurrencies and Binance logo … [+] displayed on a screen in the background are seen in this illustration photo taken in Krakow, Poland on February 13, 2023. (Photo by Jakub Porzycki/NurPhoto via Getty Images) NurPhoto via Getty Images When New York regulators ordered the crypto exchange…
Ether prices reached a four-month high today above $1,700. (Photo by S3studio/Getty Images) Getty Images Ether prices have enjoyed some upside lately, climbing above $1,700 this afternoon and rising to their loftiest value in more than four months. Around 1:15 p.m. EST, the world’s second-most valuable digital currency by market value reached $1,713.41, according to…
Bitcoin, Ethereum, cryptocurrencies getty After dropping from just above 67,500 to a low near 15,000, a 77 % loss from peak to trough, Bitcoin then spent about 13 months going mostly sideways. Then, suddenly, this week buyers appeared, and prices headed up again just as if the old days had returned after a long, long…
A sign that reads Bitcoin is going to the moon is seen in the exhibition hall during the Bitcoin … [+] 2022 Conference at Miami Beach Convention Center on April 8, 2022. Bitcoin looked okay then. Its collapsed ever since. Now what? (Photo by Marco Bello/Getty Images) Getty Images Crypto investors took it on the…
Crypto winter, cryptocurrency getty Cryptocurrency language can get twisted so that it softens the meaning of the truth and then may lead to unhappy outcomes. The words used to describe an investment or group of investments ought to be accurate or at least bordering on the accurate. The used car salesperson approach of talking about…
Grayscale Trust Scenarios and Options getty Grayscale has two main trusts that trade under the tickers GBTC and ETHE. As of the close of U.S. trading at 4pm on Friday, both ETFs were trading at discounts to Net Asset Value (NAV) of about 45%. That is an extremely large discount to NAV for any fund…