JPMorgan estimates a substantial decline in Coinbase trading volumes and cut its rating on the exchange’s stock to neutral from overweight.
The US 10-Year Treasury Yield has shot to an 11-year high at 3.48%. Any further surge in bond yields is likely to drag the market down.
Recently, Goldman Sachs has teamed up with Coinbase to come out with the first crypto-backed loan.
With a milestone settlement lifted off, Charles Schwab said it will focus on regaining its client’s trust.
Business intelligence company MicroStrategy saw its stock price drop 23% after its Bitcoin holdings took a hit from the general crypto slump.
General Motors has plans to develop more price versions of its large SUVs and Silverado pickup.
Astra Space announced that it was not able to deliver NASA’s payload to orbit due to technical failures.
Oracle CEO Safra Catz commented on the company’s fiscal 2022 Q4 earnings result. She acknowledged the performance noting that total revenue grew 10% in constant currency.
The current market situation is believed to be a repeat of the post-2016 halving event that saw Bitcoin hitting an all-time high of nearly $19,000 in December 2017, then falling from that height to $3000 within a space of two years.
Stock futures in the US fell by over 1% on the heels of a significant losing week for Wall Street. Global stocks also plunged.
One of the major drawbacks ELMS is currently experiencing is its inability to acquire new financing as well as a new set of auditors.
Tesla said that the stock split would help its employees and investors with more flexibility in managing their equity and thus maximize stockholder value.
Coin Center filed the complaints against the digital assets reporting mandate, as expanded by the 2021 Infrastructure Investment and Jobs Act.
The ETF will seek to invest in stocks of blockchain-related companies, including developers with R&D, beneficiaries, and investors, around the world, a move that is aimed at achieving long-term capital growth.
With the Meta Platforms ticker symbol change, the company can now be better tagged to embodying the metaverse it seeks to pioneer.