Twitter to Add Cryptocurrency Trading
Twitter is set to expand its offerings by launching a new feature that will allow users to trade cryptocurrencies and stocks, according to a report by CNBC. The social media…
Ark Invest continues to buy Coinbase shares
Despite the most recent decrease in the price of cryptocurrencies, the investment management business owned and operated by Cathie Wood, Ark Invest, continues to accumulate Coinbase (COIN) shares. Ark made…
Silvergate Capital Corp. is the second-most-shorted stock
According to the most recent Short Interest Reporting dated February 9, the cryptocurrency bank Silvergate Capital Corp. is the second-most shorted company in the United States, with nearly 72.5% of…
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TZERO Shut Down Crypto Exchange
This information was sent to customers by the corporation on February 3 via its Twitter account in the form of a message. The cryptocurrency exchange known as tZERO is mostly…
Tesla’s $140 Million Bitcoin Loss Shows the Risk of Crypto Holdings
The electric car maker Tesla announced on January 31 that it had incurred a gross impairment loss of $204 million for the year 2022 on its holdings of Bitcoin (BTC).…
Silvergate Bank Suspends Dividend Payments to Preserve Liquidity
Silvergate, a cryptocurrency bank located in California, has temporarily halted dividend distributions in order to protect its "very liquid balance sheet." The company declared on January 27 that it would…
Argo Blockchain regains stock listing compliance with Nasdaq
The Bitcoin (BTC) mining company Argo Blockchain has regained stock listing compliance with Nasdaq, which coincides with the recent positive movement seen on cryptocurrency markets. Amidst the recent uptick in…
Interview with Noble Gold Investments CEO: Gold as Hedge Tool against Inflation?
Zimbabwe's Central Bank launched gold coins in July as part of efforts to help curb surging inflation amid a slump in the country's currency. The move sparked interest in whether…
FDIC Says Deposits and Cryptos at Non-Bank Entities Are Uninsured
The Federal Deposit Insurance Corporation (FDIC), an independent federal agency insuring deposits in U.S. banks in the event of bank failures, on Friday told American commercial banks to ensure that…
Federal Reserve Hikes Interest Rates with a 75-Bp Increase, Bitcoin Remains Bearish
The US Federal Reserve on Wednesday announced a 0.75 percentage point interest rate increase as part of efforts to clamp down rising inflation without creating a recession. The latest interest…