Tag: NASDAQ:COIN
-
Friday’s Wall Street Highlights: Tesla, Nike, ASML, Apple and more
US Index Futures showed gains on Friday, which marks the close of the second quarter. Traders are watching data on personal consumption spending, a leading indicator used by the Federal Reserve to gauge inflation. In addition, a battery of economic data in Europe encouraged investors, showing resilience in activity and inflation on a downward trajectory. By 6:56…
-
Crypto This Thusday: Worldcoin launches World ID and integrates Okta in Germany, UK enacts crypto law, and more
DeFi Compound token rises 60% buoyed by Binance exits Decentralized finance (DeFi) protocol token Compound (COIN:COMPUSD) has seen an increase of over 60% in one week, driven by an increase in volume and outflows on Binance. The token is up more than 26% in the last 24 hours. From a low of $22.89 on June 10, the…
-
Crypto This Monday: NEAR Soars After Alibaba Partnership, HSBC Makes Way for Crypto in Hong Kong, and More
Bitcoin holds new support on growing US interest At the open of Wall Street on June 26, Bitcoin (COIN:BTCUSD) price was at $30,500 with new support being held by the bulls. Buyer interest in the US boosted the market, especially due to announcements of institutional product applications based on the spot price of Bitcoin. US-led demand is on…
-
Crypto This Friday: Tesla Reinstates DOGE Payments, JPMorgan Expands JPM Coin, and More
IMF acknowledges limitations of cryptocurrency ban The International Monetary Fund (IMF) has acknowledged that banning cryptocurrencies may not be effective in the long term. Instead, the focus should be on meeting digital payment needs and improving transparency in the use of these assets. Countries in Latin America and the Caribbean are leading the way in adopting digital…
-
Crypto This Thursday: Fortune 100 Embrace Crypto, BitGo withdraws from the acquisition of Prime Trust, and more
Coinbase CEO Seeks to Transform Platform into Global Super-App, Despite SEC Lawsuit Coinbase (NASDAQ:COIN) CEO Brian Armstrong maintains his vision of transforming the platform into a global “super app,” despite the recent lawsuit filed by the SEC. “ I think at Coinbase, in this case, we want to be this super app, but everything will be based on…
-
Friday’s Wall Street Highlights: Microsoft, Intel, Virgin Galactic, Disney, and more
US Index Futures traded little changed in premarket trading on Friday, with the S&P 500 on course to close the week at a 16-month high. By 7:02 AM, Dow Jones Futures ( DOWI:DJI ) was down 4 points, or 0.01%. S&P 500 futures gained 0.04%, while Nasdaq-100 futures added 0.15%. The 10-year Treasury yield was at 3.732%. The Bank…
-
Crypto This Thursday: BlackRock Plans to Launch BTC ETF, New York Banned CoinEx, and More
BlackRock Plans to Launch Bitcoin ETF Amid Regulatory Investigations BlackRock (NYSE:BLK) is close to applying for a bitcoin ETF, using offline storage solution Coinbase Custody and market data from the cryptocurrency exchange, according to CoinDesk. This decision comes amid regulatory investigations into the cryptocurrency industry in the US. CoinEx banned from operating in New York and…
-
Crypto this Wednesday: Binance ceases operations in Cyprus, Crypto Community on Reddit breaks record, and more
Bittrex in the US authorized to withdraw after court decision Bittrex customers in the US will be able to withdraw their assets after a court ruling. The cryptocurrency exchange had declared bankruptcy in May, but the US Department of Justice has opposed efforts to restore access, citing unpaid fines for sanctions violations. The court order allows looting…
-
Crypto This Tuesday: BTC and ETH Dominate After Altcoin Aversion, Ripple Reveals SEC Documents, and More
Bitcoin, Ethereum lead cryptocurrency market as investors move away from Altcoins amid regulatory crackdown The dominance of Bitcoin (COIN:BTCUSD), Ethereum (COIN:ETHUSD) and stablecoins in the cryptocurrency market has reached its highest level since February 2021, as investors move away from smaller tokens due to regulatory crackdowns in the US. The combined market capitalization of these assets…
-
Crypto this Monday: Robinhood Volume Slumps in May, a16z Expands to UK, and More
Former Head of SEC Enforcement Division Warns Cryptocurrency Investors of Need to Get Off Crypto Platforms Former head of the SEC’s Division of Enforcement, John Reed Stark, has issued a warning to cryptocurrency investors, urging them to “Exit Crypto Platforms Now”. He highlighted the lack of protections for customers and the exchanges’ failure to comply with…