Tag Archives: crypto

TipRanks Goldman Sachs Predicts Over 50% Rally for These 2 Stocks Stocks started this year with heft gains, edged back last week, and now are rising again. The big tech giants led the moves, with volatility in Apple and Amazon leading the NASDAQ on its gyrations. The strategy team at investment bank Goldman Sachs have taken notice of the market shakeups, and are working out what it means for investors. According to macro strategist Gurpreet Gill, watching bond yields and stock values closely,… Source link

What Happened: The largest crypto exchange in Southeast Asia, Philippines-based PDAX, experienced a technical failure that led to Bitcoin trading at $6,000 – an 88% discount to its current price. Following the incident, PDAX asked its customers to return their Bitcoins, threatening legal action, a local news outlet Bitpinas has reported. According to the exchange’s CEO, the system error was not due to a hack but a technical “glitch” caused by a massive surge in trading activity. Why It… Source link

TipRanks 2 Big Dividend Stocks Yielding 10%; RBC Says ‘Buy’ Soaring commodity prices, additional federal stimulus, and government bond yields on the rise are all raising the specter of inflation. Furthermore, there is growing concern that stocks – and tech ones in particular – are now at valuations disconnected from reality. Is the changing macro climate about to send the bull market into retreat? Too early to tell, but it does signal that a more prudent approach to investing might be a… Source link

(Bloomberg) — Bitcoin’s losses accelerated, with prices tumbling below $50,000, as investors started to bail on the market’s frothiest assets. The cryptocurrency tanked as much 18% on Tuesday and traded around $48,750 as of 10:41 a.m. in New York. While the selloff only puts Bitcoin prices at the lowest in about two weeks, investors are starting to wonder whether it marks the start of a bigger retreat from crypto or simply represents volatility in an unpredictable market. “Today’s… Source link

Bloomberg Lucid Motors Agrees to Go Public With $24 Billion Valuation (Bloomberg) — Lucid Motors Inc. is merging with a blank-check company run by financier Michael Klein that values the combined entity at a pro-forma equity value of $24 billion, the biggest in a series of deals involving electric-vehicle startups cashing in on investor appetite for battery-powered cars.The carmaker has shied away from comparisons to market leader Tesla Inc., but the public listing positions it to compete for… Source link

Bitcoin soared past $50,000 per coin for the first time on Tuesday, and three days later its market cap surpassed $1 trillion. To say the cryptocurrency and altcoins have been on a tear is an understatement — especially after Tesla (TSLA) bought $1.5 billion in bitcoin earlier this month. And as the prices of these digital assets increase, so does the temptation to heist cryptocurrency. The Justice Department unsealed an indictment Wednesday alleging North Korean military hackers schemed to… Source link

TipRanks 2 “Strong Buy” Penny Stocks That Could Rally Over 100% Bank of America has a strong reputation for keeping finger on the pulse of the financial world – and one of its key tools is the Global Fund Manager Survey, conducted monthly and seeking opinions from more than 200 hedge fund, mutual fund, and pension fund managers who hold a combined $645 billion in AUM. It’s the largest regularly conducted survey of its kind. And BofA most recent findings show that Big Money is feeling… Source link

Bloomberg Asian Stocks Set for Muted Open; Currencies Steady: Markets Wrap (Bloomberg) — Asian stocks are poised for a muted start to the week as investors assess rising bond yields and signs that some vaccines reduce transmission of Covid-19. Currencies were mostly steady.Equity futures slipped in Australia and rose in Japan. Australian 10-year bond yield jumped almost 10 basis points. Bitcoin notched up another record high.U.S. stocks finished mostly lower on Friday as benchmark Treasury… Source link

The crypto news site Decrypt is on a hiring spree, luring editorial talent away from Yahoo Finance and Fortune.  In one key hire, Decrypt has appointed Daniel Roberts, formerly editor at large at Yahoo Finance, as editor-in-chief. He starts in March. Decrypt also named Jeff John Roberts, a … Source link

The No. 12 largest cryptocurrency, with a market cap of $6.1 billion, is a joke. Dogecoin (DOGE) started out as a joke in 2013 and is still a joke today—but its value is up 380% in the past month, 696% this year so far. The coin has ridden the same Reddit-driven retail investor wave as stocks like GameStop and AMC over the past two weeks, further accelerated by a handful of cheeky Elon Musk tweets pumping dogecoin. On Jan. 28, dogecoin became the most tweeted-about cryptocurrency in a single… Source link