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AMC Stock Price Down 15%, Experts Predict More Pain in Future
By Steve Muchoki
• 3 mins read
Labeled as a meme stock, AMC has significantly been fueled by social media influencers.
Paraguay Proposed Bitcoin Law Requires Crypto Registration
By Steve Muchoki
• 3 mins read
Reportedly, the Paraguay Bitcoin bill seeks to regulate crypto ownership and registration, as well as mining and trading.
Affirm (AFRM) Stock Plunges 10% after News of Apple Launching Rival BNPL Service
By Steve Muchoki
• 3 mins read
Affirm (AFRM) stock has recorded losses of 14.38%, 13.46%, and 16.97% in 5-days, 1-month, and 3-month respectively.
Chia (XCH) Price Down Over 8%, Backblaze Proves Coin Is Not Rentable after 4 Months
By Steve Muchoki
• 3 mins read
Backblaze found out that maintenance of 150 petabytes capacity disks would cost $175,000 every week.
Capital Group Acquires 12% Stake in Bitcoin-Heavy MicroStrategy
By Steve Muchoki
• 3 mins read
With a majority of MicroStrategy’s treasury in Bitcoin, Capital Group has increased its exposure to cryptocurrency.
Virgin Galactic (SPCE) Shares Dip 17% after $500M Stock Sale Outweighs Successful Space Flight
By Steve Muchoki
• 3 mins read
Further advancement into commercial space service is highly anticipated, a fact that has made the company’s stock gain 71.47% year-to-date and 124.81% in 1 year.
Walmart’s Flipkart Hits $37.6B Valuation Following Successful $3.6B Fund Raise
By Steve Muchoki
• 3 mins read
Flipkart recently announced the launch of Shopsy, aimed at driving local entrepreneurship.
El Salvador Faces Potential Limitations of Bitcoin as Legal Tender, Says JPMorgan
By Steve Muchoki
• 3 mins read
JPMorgan pinpoints Bitcoin (BTC) illiquidity, volatility, and social skepticism as “limitations on its potential as a medium of exchange” in El Salvador.
Bitcoin (BTC) Price at $34K, 58% below Stock-To-Flow Target, Investors Still Accumulating
By Steve Muchoki
• 3 mins read
Bitcoin price has plummeted by almost 50% from its all-time mid-April high of about $65,000. This has, however, proved far from being a stumbling block for investors with a long-term bullish Bitcoin outlook.
Bullish Crypto Exchange Confirms $9B SPAC Merger with Far Peak
By Steve Muchoki
• 3 mins read
Bullish will merge with ex-NYSE exec’s SPAC – Far Peak. The merged company will have a pro forma equity value of $9 billion, equal to the value of $10 per share.