Tag: NASDAQ:COIN
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Crypto This Monday: Coinbase Faces Challenges in India, Restructuring at Celsius, and More
Bitcoin transaction fee record: User pays $500,000 due to error One individual made a costly mistake, paying nearly $500,000 (20 bitcoins) in fees to transfer just $200 worth of bitcoin (COIN:BTCUSD). This transaction, which took place on September 10th, sets the record for the highest transaction fee in Bitcoin. The transaction caught the attention of Casa’s CTO,…
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Crypto this Friday: Mirae Asset and Polygon Boost Tokenization, JPMorgan Explores Digital Token, and more
JPMorgan explores digital token for international transactions JPMorgan Chase (NYSE:JPM) is evaluating the creation of a blockchain-based digital token to streamline cross-border transactions and settlements. The infrastructure for this innovation is already in place, awaiting regulatory approval. Unlike JPM Coin, this token aims to simplify interbank transfers and can be used for transactions of tokenized digital assets. The…
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Crypto this Wednesday: Coinbase Starts Institutional Lending, Jefferson Confirmed as Fed Vice Chairman, and More
Philip Jefferson confirmed as next Vice Chairman of the US Federal Reserve Philip Jefferson has been confirmed as the next vice chairman of the US Federal Reserve after winning broad support in a Senate vote. He was nominated by Joe Biden to replace Lael Brainard. Jefferson’s confirmation and future Fed nominees such as Lisa Cook and Adriana…
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Wednesday’s Wall Street Highlights: Verb Technology, Apple, Alphabet, Warner Bros, and more
US index futures are lower in premarket trading on Wednesday, weighed down by disappointing numbers in Europe and a rise in the cost of oil the day before. These factors heighten inflation concerns as investors await new US indicators, including the Beige Book. By 6:52, Dow Jones futures (DOWI:DJI) were down 51 points, or 0.14%. S&P 500…
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Crypto This Tuesday: Visa Extends USDC Support in Solana, Stake Rebounds After Attack, and More
Bitcoin holds steady under $26,000 after pending SEC decision Bitcoin (COIN:BTCUSD) performed subduedly earlier in the week, with values fluctuating between $25,500 and $25,750, while initial excitement sparked by the SEC review of Grayscale Investments’ rejection of its application for a Bitcoin ETF decreased. BitGo and Hana Bank enter strategic partnership in cryptocurrency custody Cryptocurrency…
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Crypto This Thursday: Lufthansa Launches NFTs, Uniswap Acquitted in Court Case, and More
New York court classifies Ether and Bitcoin as ‘commodities’ and dismisses case against Uniswap A New York court has defined Ether (COIN:ETHUSD) and Bitcoin (COIN:BTCUSD) as commodities and has ruled out a class action lawsuit against cryptocurrency exchange Uniswap. The lawsuit alleged that Uniswap had violated US securities laws, but Judge Katherine Polk Failla stated that…
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Keep An Eye Out: Pre-Market Movers And Recommendations
Rockwell Automation (NYSE:ROK): Barclays downgrades to underweight from equal-weight. PT set to $287, implies a 9.5% decrease from last price. Highwoods (NYSE:HIW): Wells Fargo Securities downgrades to equal-weight from overweight. PT down 8.3% to $22. Align Technology (NASDAQ:ALGN): HSBC initiated coverage with a recommendation of buy. PT set to $450. Centene (NYSE:CNC): Morgan Stanley downgrades…
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Wednesday’s Wall Street Highlights: Ambarella, Alphabet, Toyota, HP Inc, Vinfast, and more
US index futures are down in the premarket on Wednesday, in a day full of economic indicators, when some data may give signals about the Federal Reserve’s monetary policy. By 6:51 AM, Dow Jones (DOWI:DJI) futures were up 15 points, or 0.04%. S&P 500 futures were down 0.07% and Nasdaq-100 futures were down 0.16%. The 10-year Treasury yield…
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Crypto this Monday: Robinhood in Top 3 BTC Holders, Friend.tech Rapid Decline, and More
Shibarium resumes token withdrawals and bolsters network readiness After setbacks in its initial launch, Shibarium, the Tier 2 blockchain created by the Shiba Inu team, has restarted withdrawals of tokens including ETH (COIN:ETHUSD), SHIB (COIN:SHIBUSD) and others. Lead developer Shytoshi Kusama reported that transactions can take up to 3 hours, and up to 7 days for…
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Crypto This Friday: Kroll Exposes Data from FTX and BlockFi, Magnate Finance Disappears with US$ 6.5 Million, and more
JPMorgan predicts crypto markets correction may be ending According to a report by JPMorgan (NYSE:JPM), liquidation of long positions in CME bitcoin futures appears to be nearing its end, indicating limited downside for crypto markets in the near term. Factors such as the SEC-Ripple ruling, dubious moves in technology, and the cancellation of SpaceX’s stake in…