This category covers crypto market news today, including crypto index trends, major exchange data, capital flows, sentiment shifts, regulation impact and crypto’s interaction with traditional finance. Designed to help you understand the forces driving valuation across tokens, sectors and regions.
Coinbase’s arrival on the New York Stock Exchange will have far-reaching implications for the cryptocurrency landscape, and for finance more generally.
Bilibili is underperforming in its secondary listing. The company dabbed China’s YouTube last week raised $2.6 billion in its Hong Kong listing, in its first day of trading, it opened below its IPO price and dropped as much as 7% intraday.
The alleged stance of Burberry has caused severe hatred for its brand in China with Regina IP, a Hong Kong lawmaker saying she will stop buying the Burberry products.
Nio has recorded impressive results in auto production in the past two quarters. But the current halt may be risky for the performance of the company.
Xiaomi is reportedly planning to develop an electric vehicle. The Chinese smartphone company is said to be collaborating with Great Wall Motor Co Ltd for both its manufacturing plant and its engineering expertise.
According to the Federal Reserve, the restrictions on dividends and share repurchases will end for almost all the banks on the 30th of June.
During the last quarter of 2020, GameStop recorded earnings per share of $1.34 on the revenue of $2.12 billion.
Acquiring Tesla cars with BTC by residents of the United States may not be as fun-filled as it can be for Bitcoin holders that reside in other nations per the tax considerations.
According to Form S-1 filed by Fidelity Investments, the ETF will be called Wise Origin Bitcoin Trust.
DigitalOcean provides developers with cloud services that help to deploy and scale applications that run simultaneously on multiple computers.
The US Treasury Secretary Janet Yellen said that the banks are in a healthy condition and could pay dividends and repurchase stocks. The Biden administration is further mulling a $3 trillion stimulus for economic recovery.
To achieve the targeted $100 billion valuation, DiDi should secure $10 billion from selling 10% of its shares.
The announcement fueled a short rally in BTC price despite its losing strength against the USD. Accepting Bitcoin payment is a major step in getting it into the mainstream financial ecosystem.
Following the public listing moves, Bilibili will commence trading in Hong Kong on March 29 under the code “9626.”
Coinbase is set to go public through a direct listing, which in turn will give Armstrong and other shareholders the right to sell their shares to the public market immediately after the company is listed.