Day: November 25, 2020

HPQ Stock Up 5%, HP Reports Better Than Expected Fiscal Q4 Earnings

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For the past three months, HP reported revenue of $15.3 billion versus the expected $14.7 billion. HP Inc (NYSE: HPQ) shares jumped over 5% today in the pre-market to trade around $22.95. HP stock closed yesterday trading at $21.75 after adding 2.64% during the day. The spike is attributed to the better than expected fiscal Q4 earnings. During the past three months, as more people spent more time at their homes, the companyโ€™s notebook sale increased significantly. Although HP stock has been on the winning side during the pandemic, most…

Bitcoin Price Rises Ahead of FOMC Minutes; What to Expect Next?

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Bitcoin rose Wednesday, right ahead of the release of the Federal Open Market Committeeโ€™s minutes from their November meeting. The benchmark cryptocurrency climbed 0.13 percent to $19,198, with its rally slowing down as traders weighted vaccine progress against a persistent rise in coronavirus infections in the US. Technically, Bitcoin maintained support near $19,000, with bulls treating the level as a triggering point towards the next record high. Bitcoin is up by more than 350 percent from its mid-March nadir. Source: BTCUSD on TradingView.com Bitcoin is up by more than 350…

Bitcoin Options Market Suggests Investors Preparing for All-Time High

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Activity in bitcoinโ€™s options market shows investors are eyeing more gains for the top cryptocurrency, which is now just 2.8% below a record high.ย  Bitcoinโ€˜s one-month implied volatility, which is influenced by demand for call (bullish) and put (bearish) options, has risen to 81%, the highest level since May, having begun the month at 58%, according to data source Skew. The major part of the move (from 60% to 81%) occurred over the past five days. The three-and six-month implied volatility metrics have also jumped to multi-month highs.ย  โ€œThe recent…

VanEck launches physically-backed Bitcoin ETN on Deutsche Bรถrse Xetra

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After spending much of 2019 unsuccessfully lobbying to get its exchange-traded fund, or ETF, approved by the United States Securities and Exchange Commission, investment management fund VanEck has finally launched a Bitcoin-backed exchange-traded product. However, according to a Nov. 25 tweet from the companyโ€™s digital asset strategist Gabor Gurbacs, the product is an exchange-traded note rather than an ETF, and is listed not on a U.S. exchange, but Germanyโ€™s Deutsche Bรถrse Xetra. Rather than being a mutual fund, an ETN is essentially a debt instrument tracking a sometimes hard-to-access market,…

Coinbase to Disable All Margin Trading in Compliance with CFTC New Guidance

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Acknowledging that the guidance is necessary for protecting customers in the US, Coinbase added that the company hopes to help the commission achieve the goal. Crypto exchange Coinbase is ending all margin trading, starting from the 25th of November. As from 2 pm PT (22:00 UTC), the trading platform will cease to offer margin trading to its customers. Apart from Coinbase, other exchanges in the US, such as Kraken, now also enable margin trading on their platforms.ย  Coinbase Margin Trading According to anย announcementย on the 24th of November, Coinbase is disabling…

Nikola (NKLA) Shares Down 9% in Pre-market Due to Uncertainties on $2B Deal with GM

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Nikola investors are looking forward to the partnership deal with General Motors as it may cause a positive reflection on the companyโ€™s shares. There have been a lot of speculations surrounding Nikola Corporation (NASDAQ: NKLA) partnership deals and uncertainties on the shares of the ousted founder in recent days. According to data, Nikola shares experienced a negative response in demand causing it to fall by more than 8% in the pre-market. At the time of writing, the stock was trading at $31.50 (-8.70%). However, yesterday, NKLA shares were in green,…

Russian Hospitalized After Bitcoin Mining Farm Sets Apartment on Fire

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A poorly organized cryptocurrency mining farm has caused a fire in an apartment in St. Petersburg, Russia, and injured the operator, according to a 78.ru report citing the Ministry of Emergencies. The resident of the seven-bedroom apartment had apparently failed to set up sufficient cooling for his equipment, and was hospitalized due to severe burns to his hands, neck and back. The blaze took four fire engines, 16 firefighters and 40 minutes of work to put out, the report indicates. This is not the first incident of its kind in…

BITCOIN AFTERSHOCK COMING!? ALTCOINS READY TO BREAK AWAY FROM BITCOIN! CRITICAL ETHEREUM UPDATE!

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PS5 Scalpers Brag ยฃ1 Million Profit Flipping Next-Gen Consoles

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Sonyโ€™s PS5 console, launched on Nov. 12/Nov. 19, is in short supply, with many would-be owners struggling to secure a purchase. A scalper group obtained nearly 3,500 units from pre-orders and limited launch day stock. The group boasts a profit of over ยฃ1 million from reselling the PS5. If youโ€™re wondering why you havenโ€™t managed to secure a PS5 from a retailer, then we may have an explanation. A reselling group based UK boasts banking over ยฃ1 million for its members from the resale of Sonyโ€™s freshly-launched next-gen PS5. The…