Day: December 24, 2020

Nikola (NKLA) Stock Plunges 10% Upon Contract Termination with Republic Services

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Over the past year, NKLA has climbed 25.64% and nearly 46% since the beginning of 2020. However, Nikola has lost 28.94% in the last three months. Nikola Corporation (NASDAQ: NKLA) stock plunged 10% in reaction to the news that the vehicle maker has terminated its contract with Republic Services (NYSE: RSG). Nikola announced the contract termination on the 23rd of December. However, at press time, Nikola is trading at $15.36, a 2.20% gain over its previous close of $15.03. Nikola Stock Falls after Cancelled Contract with Republic Services In August,…

Virgin Galactic (SPCE) Stock Seeing Gradual Recovery After Failed Spaceflight Test

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Virgin Galactic (SPCE) shares closed with a 5.30% rise on Wednesday to signal a comeback. The shares of American spaceflight and travel company Virgin Galactic Holdings Inc (NYSE: SPCE) is on a rebound following the plunge it took after the company’s spaceflight test failed. Initially, the shares of Virgin Galactic took a plunge after the trials failed, falling as much as 20% in five days per an earlier report from Coinspeaker at the time. What Happened to the Virgin Spaceflight Test and Investors Response As detailed by MarketBeat, the Virgin…

Ganhe Dinheiro Com Bitcoins Direito Na Sua Coinbase! Prova De pagamento Feito Como Ganhar Dinheiro!

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Hong Kong crypto group warns new law will restrict people’s access to Bitcoin

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The Bitcoin Association of Hong Kong is appealing to regulators to consider the impact of incoming laws on the city’s digital innovation agenda. In November, Hong Kong’s government announced plans to ban retail cryptocurrency trading as part of a broader money laundering crackdown. According to the South China Morning Post on Dec. 24, the proposed crypto regulations could also extend to Bitcoin automated teller machines. In a consultation paper published in November, the Financial Services and Treasury Bureau revealed that it also had plans to regulate Bitcoin ATMs. Data from CoinAtmRadar…

Grayscale Gains Additional $3B to Record $16.4B Asset Under Management

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On 14 December 2020, Grayscale announced publicly that their Asset Under Management had increased to $13 billion for the first time. Interestingly, this has increased to $16.4 billion in a little over a week.  Grayscale Investment Trust LLC (OTCMKTS: GBTC) is continuing its impressive performance in 2020 with its Asset Under Management rising to $16.4 billion. This is a little over $3 billion addition from the $13 Billion Assets Under Management reported last week. The success story of Grayscale is an indication of the overall performance of the crypto market…

Bitwise 10 Crypto Index Liquidates Its Position in XRP, OSL Suspends XRP Services

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Digital assets manager Bitwise has liquidated $9.3 million worth of XRP and reinvested in other assets. Hong Kong’s OSL has suspended the asset from its platform. This is done in response to SEC’s lawsuit against Ripple Inc. The US Securities and Exchange Commission (SEC) on Tuesday filed a lawsuit against Ripple Labs and CEO Brad Garlinghouse and Chairman Chris Larsen. The SEC contends that Ripple Labs was in violation of federal securities laws for selling the digital asset XRP to retail clients. According to the suit, Ripple has made $1.3B…

US Presidential Advisory Group Insists on Regulation of Stablecoins

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On Wednesday, President Trump’s Working Group on Financial Markets published a report regarding stablecoins retail payments perception amongst the public. A certain leading US financial regulators group has recently issued a new statement regarding stablecoins. The group recommended that the same regulation used in other financial systems ought to be applicable to stablecoins. This decision was based on the fact that traders usually rely on stablecoins to purchase cryptocurrencies like Bitcoin used for quick transactions execution, due to their low volatility. Some prominent people in the working group are Securities…

Bitcoin and Ether Market Update December 24, 2020

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Total crypto market cap erased $50.2 billion from its value for the period since Monday morning and now stands at $619.7 billion. The top ten coins were all in red for the last 24 hours with XRP  and ChainLink (LINK) being the worst performers with 30 and 16.7 percent of losses respectively. At the time of writing bitcoin (BTC) is trading at $23,200 on the Bitstamp daily chart, ether (ETH) fell to $581. Ripple’s XRP continues its freefall and is now trading at $0.262. BTC/USD Bitcoin closed the trading day…