2023-3-1 06:00 |
Shares in the crypto-friendly lender are down about 90% over the past year.
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Improved crypto market conditions due to anticipation of spot bitcoin ETF approval helped boost earnings, the report said.
Investors poured billions into tech stocks and doubled their crypto investments on expectations of Fed rate cuts and economic resilience. A research report conducted by the Bank of America Global Research team indicates that investors have been actively buying tech…
The cryptocurrency industry has experienced a significant downturn in the last 18 months due to concerns about high inflation and its impact on finances. However, there is evidence of increasing institutional adoption of Bitcoin (BTC) amid these challenging market conditions.
Robinhood, a well-known cryptocurrency and stock trading website, plans to expand its products significantly. It intends to acquire X1, a credit card company. This $95 million decision promises to provide the company with an extra revenue stream and strengthen its existing user base.
Crypto mining data center Soluna Holdings (SLNH) experienced a significant 12.25 % increase in its shares on May 15 as it announced a $14 million funding agreement with Navitas Global.
Nuvei (NVEI) shares could face as much as 50% long-term downside in part thanks to its connection with fallen crypto exchange FTX, said Spruce Point Capital Management in a report released on Tuesday morning.
Recent reports indicate that Signature Bank insiders disposed of over $100 million in shares in the three years preceding the Bank's fall.