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MicroStrategy Slumps 14% After Short Seller Says Stock Trades at an Unjustifiable Premium to Bitcoin
28.3.2024
The bitcoin price implied by MicroStrategy’s share price is $177K, 2 ½ times the spot price of the cryptocurrency, the report said
Galaxy Digital's Strong Earnings Will Carry Into Current Quarter, Analyst Says
26.3.2024
Improved crypto market conditions due to anticipation of spot bitcoin ETF approval helped boost earnings, the report said
Hong Kong Likely To Allow In-Kind Creations for Spot Bitcoin ETFs: Bloomberg
26.3.2024
Hong Kong’s financial regulator, the Hong Kong's Securities and Futures Commission (SFC), is likely to allow in-kind creations and redemptions for spot bitcoin ETFs in the second quarter of this year, according to a report from Bloomberg Intelligence
London Stock Exchange to Roll Out Crypto ETNs on May 28
26.3.2024
London Stock Exchange signalled that it would start accepting applications for physically-backed crypto ETNs from April 8.
The post London Stock Exchange to Roll Out Crypto ETNs on May 28 appeared first on Cryptonews
South American Gold Miner Nilam Resources Plans to Buy 24,800 Bitcoin
26.3.2024
Nilam Resources enters a letter of intent with Xyberdata to acquire MindWave, securing 24,800 Bitcoin and expanding its digital assets holdings to issue a new stock.
The post South American Gold Miner Nilam Resources Plans to Buy 24,800 Bitcoin appeared first on Cryptonews
London Stock Exchange Will Start Market for Bitcoin and Ether ETNs May 28
25.3.2024
The stock exchange will accept applications for trading bitcoin and ether crypto exchange traded notes from April 8
ARK Invest Sells Another $35 Million Worth of Coinbase Shares as Stock Gains Over 50% YTD
22.3.2024
ARK Invest, known for its involvement in the spot Bitcoin exchange-traded fund (ETF) market, has decided to cash in on its Coinbase holdings as the stock's value climbs above $270.
The post ARK Invest Sells Another $35 Million Worth of Coinbase Shares as Stock Gains Over 50% YTD appeared first...
Bitcoin: Mixed signals – Investment spree, stock slump, and El Salvador’s reliance
20.3.2024
Bitcoin is down by 4.465 in the last 24 hours and 14.80% in the last 7 days at the time of writing this article. There are now two ways to look at this situation: investors are betting big on the future scope of the token by accumulating BTC in higher numbers, and others are feeling …
Bitcoin Price Prediction: Rally to $73,400 Amid AI Boom, Buy Signal Above $72,500?
14.3.2024
Amidst a tech-driven market rally and AI stock surges, Bitcoin's climb to $73,400 sparks talks of a buy signal over $72,500.
The post Bitcoin Price Prediction: Rally to $73,400 Amid AI Boom, Buy Signal Above $72,500? appeared first on Cryptonews
Crypto Trading Platform Bakkt Faces NYSE Delisting Risk Over Compliance Issues
14.3.2024
Crypto trading platform Bakkt received a warning from the New York Stock Exchange regarding compliance with stock price requirements, it said Wednesday.
The post Crypto Trading Platform Bakkt Faces NYSE Delisting Risk Over Compliance Issues appeared first on Cryptonews
Coinbase Aims to Raise $1 Billion Through Convertible Bond Sale as Shares Spike
13.3.2024
Coinbase Global, Inc. has unveiled its strategy to generate $1 billion through the issuance of convertible bonds set to mature in 2030. This plan includes a provision for initial buyers to acquire an extra $150 million to address any over-allotments. Coinbase revealed that the proceeds would...
London Stock Exchange Accepting Crypto ETN Apps Positive Move, FCA Remains Out of Step?
13.3.2024
The London Stock Exchange has confirmed that it will begin accepting applications for bitcoin and ether exchange-traded notes (ETNs) in the second quarter of 2024 – but the Financial Conduct Authority (FCA) approving any of these products for UK retail investors is still very unlikely, say European...
Coinbase Plans $1B Bond Sale That Avoids Hurting Stock Investors, Copying Michael Saylor's Successful Bitcoin Playbook
13.3.2024
The convertible notes Coinbase wants to sell include provisions aimed at aiding its stock investors
Coinbase Gets Another Upgrade, This Time at Raymond James, as Bears Capitulate
12.3.2024
The brokerage firm lifted its rating on the crypto exchange’s shares to market perform from underperform
London Stock Exchange Embraces Digital Assets by Accepting Crypto ETN Applications
12.3.2024
In a pivotal announcement, the London Stock Exchange (LSE) has shared its plans to accept bitcoin and ethereum exchange-traded note (ETN) applications, signaling a significant shift toward incorporating digital currencies into mainstream financial markets. LSE Announces Acceptance of Crypto ETNs...
Crypto Experts Are Bullish on This New AI Coin – What’s Their Secret?
12.3.2024
A new AI-integrated blockchain security coin called Scotty the AI (SCOTTY) is making analysts of smaller market cap projects bullish right now. Thats because $SCOTTY combines the cultural stock of meme coin projects like Dogecoin and Shiba Inu with the added utility of an AI-powered blockchain...
South Korean Crypto Exchanges Outpace Stock Market in Trading Volume Amid Bitcoin Rally
11.3.2024
The recent surge in Bitcoin prices has reignited a cryptocurrency trading frenzy in South Korea, with trading volumes on local exchanges surpassing those of the stock market last week.
The post South Korean Crypto Exchanges Outpace Stock Market in Trading Volume Amid Bitcoin Rally appeared first...
Bitcoin Surge Sees Crypto Trading Volumes Exceed the Stock Market in South Korea
11.3.2024
The KOSPI trading volume recorded 11.4794 trillion won on Mar.8, compared to nearly 12 trillion won on local crypto exchanges on Sunday
UK’s FCA Opens the Door for Institutional Investors to Build Crypto-Backed ETN Market
11.3.2024
Products would be available to professional investors while retail consumers remain banned, the regulator said
Goldman Sachs Upgrades Coinbase to Neutral as Bitcoin Prices Rally
8.3.2024
Wall Street giant Goldman Sachs upgrades Coinbase stock (COIN) from "sell" to "neutral" as Bitcoin surges. Analysts link the upgrade to the current cryptocurrency market rally and note similar jumps in Bitcoin-linked stocks like MicroStrategy.
The post Goldman Sachs Upgrades Coinbase to Neutral...