DIRS.INFO top alerts submit data jurnalism about API
login
Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "CRYPTO WIN"


25 mentions found


☆ Stocks making the biggest moves midday: Walgreens, Coinbase, Duolingo, Ralph Lauren and more
  + stars: | 2022-11-11 | by ( Alex Harring | ) www.cnbc.com   time to read: +3 min
Doximity — The online platform for medical professionals skyrocketed more than 27% after the company reported better-than-expected quarterly results. Walgreens — Shares rose 6% after an upgrade to buy from hold Deutsche Bank, which said it liked Walgreens' merger and acquisition plans. Duolingo — Shares of the foreign language learning platform lost 10% after the company reported revenue below expectations while also posting a smaller-than-expected quarterly loss. Wynn Resorts — The casino stock jumped more than 8% after China said it would ease some Covid restrictions, trimming quarantine time for international travelers by two days. General Motors — The automotive giant's stock jumped more than 6.3% after Citi reiterated the company as a top pick.
☆ Here are Friday's biggest analyst calls: Apple, Amazon, Coinbase, Carvana, Intel, Imax & more
  + stars: | 2022-11-11 | by ( Michael Bloom | ) www.cnbc.com   time to read: +8 min
UBS upgrades Werner to buy from neutral UBS said it sees upside for several trucking company names. "We are upgrading three truckload names to Buy from Neutral including HTLD, WERN , and SNDR and reiterating our Buy on KNX. Bank of America reiterates Amazon as buy Bank of America said reports of a cost cutting review at Amazon are a "positive." JPMorgan reiterates Silvergate as overweight JPMorgan said the crypto company's exposure to FTX is overblown. JPMorgan reiterates Netflix as overweight JPMorgan said it has "increased conviction" in shares of the streaming giant.
☆ Crypto crash and gold sell-off show there’s no place for investors to hide
  + stars: | 2022-11-10 | by ( Paul R. La Monica | ) edition.cnn.com   time to read: +5 min
Bitcoin prices are currently hovering around $16,500, down from a level of $20,000 just a week ago. Gold, like bitcoin, then surged in the latter part of 2020 as a sort of safe haven trade. Why buy gold or digital assets when the greenback is proving to be the king of currencies? Bitcoin prices have been notoriously volatile over the past few years, but they have still done better than many major stock market indexes. One venture capitalist who focuses on bitcoin and crypto assets agreed that FTX’s problems won’t derail the entire digital assets universe.
☆ Crypto markets teeter with FTX after Binance abandons bailout
  + stars: | 2022-11-10 | by ( Georgina Lee Tom Westbrook | Georgina Lee | Tom Westbrook | ) www.reuters.com   time to read: +4 min
FTX head Sam Bankman-Fried said he was "exploring all the options", but fading hopes for rescue left FTX teetering. A message on the FTX website said: "FTX is currently unable to process withdrawals. "The dagger will continue to hang over the crypto market, as long as the outlook of FTX's fate remains unclear." 'CONFIDENCE CRISIS'There are also early signs that the fallout could spread beyond crypto markets, with jittery stockmarkets sliding on Wall Street overnight. Most crypto players remain bullish about the long term, but are braced for further falls in the near future.
☆ Bitcoin and other cryptos spiral lower as worries about the fallout from FTX's troubles grow
  + stars: | 2022-11-09 | by ( Zahra Tayeb | ) www.businessinsider.com   time to read: +2 min
Bitcoin and most cryptos extended losses Wednesday as worries built about the FTX fallout. Sol plunged 31% and the crypto market cap dropped 11% on fears the troubles would spread. In a stunning turn of events, FTX CEO Sam-Bankman Fried announced Tuesday that the crypto exchange had agreed to be taken over by rival Binance. The emergency deal sent chills through the crypto world, reviving fears about liquidity risks that could lead to company collapses. The overall value of the crypto market dropped over 11% to $871 billion over the last day, according to CoinMarketCap data.
☆ What the FTX debacle means for crypto's attempt to become a legitimate asset class
  + stars: | 2022-11-09 | by ( Bob Pisani | ) www.cnbc.com   time to read: +5 min
What happens to other crypto platforms like Coinbase? That creates an opportunity for centralized, regulated, retail-focused crypto platforms (like Coinbase). What does this mean for the crypto space? We believe the episode is likely to accelerate regulation of the crypto space in the U.S. and elsewhere. Bitcoin has already been determined to be a commodity and not a security, but other crypto tokens may be deemed to be securities.
☆ The Fed's jumbo-sized rate hikes will uncover more 'skeletons in the closet' for crypto after FTX's rescue, economist says
  + stars: | 2022-11-09 | by ( George Glover | ) www.businessinsider.com   time to read: +3 min
Rising interest rates will cause further casualties in the crypto space, according to the Peterson Institute's Martin Chorzempa. FTX announced Tuesday it agreed to be taken over by rival exchange Binance, shocking investors. "We can expect a lot more problems to come," Chorzempa told CNBC. "We can expect a lot more problems to come," Chorzempa told CNBC on Wednesday. "When rates come up, a lot of skeletons that have been waiting in the closet in highly-speculative, highly-levered markets tend to come out."
☆ How crypto giant Binance came to bail out its biggest rival, FTX, days after their billionaire founders got into a very public spat on Twitter
  + stars: | 2022-11-09 | by ( Huileng Tan | ) www.businessinsider.com   time to read: +4 min
The CEO of Binance tweeted on Sunday the exchange would be liquidating all its FTT tokens due to "recent revelations." On Monday, FTX head Bankman-Fried tweeted "a competitor is trying to go after us with false rumors." Bankman-Fried announced on Tuesday his exchange FTX is to be acquired by Binance. The most recent brawl started on Sunday when Zhao tweeted Binance would be liquidating all its FTT tokens — a crypto token native to FTX — due to "recent revelations." The former announced the deal with Binance, and Zhao said Binance "signed a non-binding LOI, intending to fully acquire FTX.com and help cover the liquidity crunch."
☆ FTX's rescue by Binance is a red flag for sports heavyweights that signed sponsorship deals with the crypto exchange
  + stars: | 2022-11-09 | by ( George Glover | ) www.businessinsider.com   time to read: +3 min
Binance stunned the crypto world with a deal to buy Sam Bankman-Fried's crypto exchange FTX Tuesday. The exchange's troubles raise questions about its deals with Tom Brady, the Miami Heat, and the Mercedes F1 team. But FTX is yet to comment on what will happen with the million-dollar sports sponsorship deals it brokered earlier this year. As cryptocurrencies surged, major exchanges like Binance, Coinbase and FTX all worked to land major sports sponsorship deals to compete for users and build brand awareness. Major companies have pulled away from sports sponsorship deals amid the market turmoil.
☆ Binance's rescue of FTX shows no crypto company is 'too big to fail,' experts say
  + stars: | 2022-11-09 | by ( Ryan Browne | ) www.cnbc.com   time to read: +4 min
Ben Mcshane | Sportsfile | Getty ImagesBinance's agreement to salvage rival cryptocurrency exchange FTX from collapse shows how no one is safe from the chill of crypto winter, according to industry experts. "It shows that no one is too big to fail," said Pascal Gauthier, CEO of crypto wallet firm Ledger. On Monday, the CEO of cryptocurrency exchange FTX, Sam Bankman-Fried, took to Twitter in since-deleted tweets to play down concerns his crypto trading empire was at risk of collapsing. The debacle highlights how the crypto industry is becoming more centralized and straying from its decentralized roots, according to Gauthier. "FTX is a very big warning for everyone," Gauthier said in an interview on CNBC's Squawk Box Europe Wednesday.
☆ Crypto's self-appointed savior just reached for a lifeline
  + stars: | 2022-11-08 | by ( Allison Morrow | ) edition.cnn.com   time to read: +5 min
He’s an entrepreneur whose name often appears alongside descriptors like “wunderkind,” “savior,” white knight, “digital Warren Buffett,” etc. Then, in a truly unexpected twist, Binance said it had offered to buy FTX to resolve its liquidity crisis. The news prompted a brief recovery in digital assets but wasn’t enough to calm anxious investors. Other digital assets and equities tied to the industry, such as Coinbase, also fell. There’s a lot to figure out still, but we can expect digital assets to remain volatile until more details about the FTX-Binance deal are made public.
☆ Internal forums, major deals, and employee exits: Inside BlackRock's long road to embracing crypto
  + stars: | 2022-11-07 | by ( Rebecca Ungarino | Morgan Chittum | ) www.businessinsider.com   time to read: +13 min
A group of employees at the firm organized and started holding a forum to discuss crypto, five people familiar with the group told Insider. Eager, usually more junior, staff members huddled around to hear industry experts talk about crypto and blockchain. A junior employee touched off BlackRock's crypto effortsThe blockchain working group and the informal crypto-asset forum will end up being key footnotes in the firm's history. Leaving BlackRock for cryptoLader left BlackRock in June 2021 for Uniswap, the world's largest decentralized-exchange protocol, where she is now the chief operating officer. She was "very, very central" to the firm's crypto efforts," a former employee said.
☆ Fidelity, ForUsAll now offering 401(k) investors access to cryptocurrency
  + stars: | 2022-11-04 | by ( Greg Iacurci | ) www.cnbc.com   time to read: +1 min
Retirement savers in some 401(k) plans are starting to get access to cryptocurrencies like bitcoin. Fidelity Investments, the largest provider of 401(k) plans by total assets, began offering a Digital Assets Account to clients this fall, a spokesperson confirmed. Employers sponsoring a 401(k) plan through Fidelity can choose to offer the account to workers, allowing them to allocate a share of their savings to bitcoin. For its part, ForUsAll, a plan administrator geared toward startups and small businesses, in September also rolled out crypto to 401(k) savers, said David Ramirez, the company's CEO. ForUsAll intends to add five more in the coming weeks, said Ramirez, who declined to disclose which ones.
☆ Coinbase jumps after Wall Street cheers cost-cutting measures, active user numbers
  + stars: | 2022-11-04 | by ( Carmen Reinicke | ) www.cnbc.com   time to read: +4 min
Active user jump Where analysts see the potential for optimism in Coinbase's report is in its reported active monthly users. While active monthly users dipped in the quarter to 8.5 million from 9 million, the company handily beat Wall Street's expectations of 7.84 million monthly active users. Budish also lowered his price target after management's guidance but maintained his equal weight rating on the Coinbase. The result was that lower trading volume drove Coinbase trading revenue to the lowest level since becoming a public company." Cowen has an outperform rating on shares of Coinbase and a $75 price target, albeit down from an earlier $85.
☆ Randi Zuckerberg's company is buying an NFT community as part of her plan to build the 'IAC of Web3.' Here's why she thinks more startups will combine to survive the crypto winter.
  + stars: | 2022-11-03 | by ( April Joyner | ) www.businessinsider.com   time to read: +3 min
Randi Zuckerberg's company Assemble is buying the NFT community Meta Angels for an undisclosed sum. Meta Angels will run alongside Hug, Zuckerberg's Web3 community to welcome newcomers to NFTs. Zuckerberg, Cavoulacos, and Downey all sought to help change that. Zuckerberg — the sister of Mark Zuckerberg, Meta's CEO, and the former director of market development at Facebook — cofounded the Web3 community Hug. Assemble — the parent company of Hug and other technology projects still in stealth — is acquiring Meta Angels, Zuckerberg and Cavoulacos told Insider.
☆ Crypto winter ‘only going to get worse,’ blockchain firm CEO says
  + stars: | 2022-11-02 | by ( Jenni Reid | ) www.cnbc.com   time to read: +3 min
There's something about the latest crypto crash that makes it different from previous downturns. Artur Widak | Nurphoto | Getty ImagesThe ongoing crypto winter is "only going to get worse" as the industry recalibrates to a higher interest rate world, according to the chief executive of blockchain firm Tezos. "Crypto hasn't been evaluated by that metric, and neither has technology in the last 10 years that we've had low interest rates," Breitman told CNBC. "It remains to be seen, but basically I think what you'll find is the things that are useful are going to thrive." The notion of the end of the era of easy money in crypto is one that analysts have been discussing in recent months amid the downturn.
☆ How Y Combinator-backed Web3 startup Courtyard raised $7 million and plans to redefine NFTs and the marketplace for digital collectibles
  + stars: | 2022-11-02 | by ( April Joyner | ) www.businessinsider.com   time to read: +3 min
The Y Combinator-backed Web3 startup Courtyard has raised $7 million in seed funding led by NEA. Nicolas le Jeune was working at YouTube when he caught the NFT bug. Le Jeune, Courtyard's CEO, cofounded the startup with Paulin Andurand, who serves as the company's CTO. Le Jeune and Andurand launched a proof of concept by buying up packs of Pokémon cards with money lent from a friend. Fortunately, le Jeune and Andurand had already begun to make inroads with investors.
☆ Crypto winter 'only going to get worse,' says Tezos CEO
  + stars: | 2022-11-02 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCrypto winter 'only going to get worse,' says Tezos CEOKathleen Breitman told CNBC's Karen Tso that "easy money" from venture capitalist profit-seeking and low interest rates had artificially inflated the valuations of many crypto firms.
☆ Crypto winter 'only going to get worse,' says Tezos co-founder
  + stars: | 2022-11-02 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCrypto winter 'only going to get worse,' says Tezos co-founderKathleen Breitman told CNBC's Karen Tso that "easy money" from venture capitalist profit-seeking and low interest rates had artificially inflated the valuations of many crypto firms.
☆ Cryptoverse: Bitcoin wants to break its bond with stocks
  + stars: | 2022-11-01 | by ( Lisa Pauline Mattackal Medha Singh | Lisa Pauline Mattackal | Medha Singh | ) www.reuters.com   time to read: +4 min
Nov 1 (Reuters) - After months of tears and tantrums, bitcoin wants to split up with stock markets. The cryptocurrency, which has been closely correlated with tech stocks for much of its torrid 2022, is staging one of its strongest efforts yet to break away. For some crypto backers, any bitcoin break-up from Big Tech is a sign of strength. Bitcoin and crypto is one of those 'next' growth industries," said Santiago Portela, CEO of FITCHIN, a Web3 gaming ecosystem. Yet it's anyone's guess whether fickle bitcoin will begin to rally, or slide anew, or if it will swiftly rebound to the embrace of technology stocks.
☆ Bitcoin's trading has become 'boring' — but that's not necessarily a bad thing
  + stars: | 2022-10-31 | by ( Ryan Browne Arjun Kharpal | Ryan Browne | Arjun Kharpal | ) www.cnbc.com   time to read: +5 min
But for the past few months, bitcoin's price has bounced stubbornly around $20,000 in a sign that volatility in the market has settled. Large crypto investors with highly leveraged bets like Three Arrows Capital were floored by the pressure on prices, further accelerating the market's drop. Mastercard announced a service that allows banks to offer crypto trading, having previously launched a new blockchain security tool for card issuers. In a note released Thursday, analysts at the bank said there were parallels with bitcoin's trading in Nov. 2018, when prices steadied for a while before rising steadily. Publicly-traded bitcoin miners sold 12,000 bitcoins in June and only around 3,000 in September, according to Goldman Sachs.
☆ A Meta exec quit after 11 years to join Web3 at the peak of its hype. Here's why she's staying through a crypto winter.
  + stars: | 2022-10-26 | by ( Sawdah Bhaimiya | ) www.businessinsider.com   time to read: +6 min
Ex-Meta marketing exec Jennifer Kattula quit after 11 years to "take the leap" into Web3. The call piqued her interest and she began to research crypto and Web3 — both still nascent industries. Former Meta marketing executive Jennifer Kattula, now senior vice president of marketing at Polygon. Interest in Web3 and crypto was peaking, with bullish investors pouring a record $30 billion into crypto ventures that year. But Kattula's first foray into crypto did not go smoothly, and she left Celsius after less than six months in April 2022.
☆ ProShares' bitcoin futures fund burned through a record $1.2 billion of investors' money over its 1st year, report says
  + stars: | 2022-10-26 | by ( George Glover | ) www.businessinsider.com   time to read: +2 min
ProShares' bitcoin futures fund is down $1.2 billion after a smash debut last year, the FT reported. Inflows to the Bitcoin Strategy ETF were $1.8 billion, but it has just $614 million AUM, per Morningstar. The ProShares Bitcoin Strategy ETF broke records after listing as BITO on the NYSE in October last year. But as of Wednesday, its AUM stood at just $614 million — a loss for investors or just under $1.2 billion, the research firm found. Valkyrie's Bitcoin Strategy ETF is down about 65% since it debuted in November, while Global X's listed Blockchain and Bitcoin Strategy ETF has fallen 75% in the same timeframe.
☆ Meet Changpeng Zhao, the CEO of Binance and the richest man in crypto, who worked at a gas station before making his $30 billion fortune
  + stars: | 2022-10-25 | by ( Marielle Descalsota | ) www.businessinsider.com   time to read: +1 min
Changpeng Zhao is the founder and CEO of Binance, the world's largest cryptocurrency exchange. With a net worth of around $30 billion as of October 25, he's the 33rd-richest person in the world, according to the Bloomberg Billionaires Index. His real-time estimated net worth is a far cry from the peak of his personal wealth: His net worth peaked at $95.9 billion earlier this year, the Bloomberg Billionaires Index shows. Zhao founded Binance in 2017 and powered it to become the biggest cryptocurrency exchange by trading volume. The exchange handles some $76 billion in daily trading volume, according to Protocol.
☆ Crypto winter is hurting Google's ad empire
  + stars: | 2022-10-25 | by ( Ari Levy | ) www.cnbc.com   time to read: +2 min
A cryptocurrency price crash and the onset of a new so-called "crypto winter" has left many companies in the industry facing a liquidity crisis. Google's overall ad growth of 6% in the quarter was the weakest for any period since 2013, other than one quarter at the beginning of the pandemic. CEO Sundar Pichai said the "challenging macro climate" is having an impact on Google's ad business. Schindler referenced the crypto pullback twice, but he didn't provide any additional color or specifics. Additionally, Coinbase will move data-related applications to Google's cloud infrastructure from Amazon Web Services, which the company has relied on for years.
<< prev 8 next >>
Total: 25