Day: January 15, 2021

Tesla (TSLA) Stock Gets Bull Case Price Target of $1,250 Despite Low Sales in Europe

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Despite the gloomy EV deliveries in the EU, Wedbush Analyst Dan Ives believes the best days for Tesla are yet ahead and gives the stock a new 12-month price target of $950. American electric vehicle (EV) automaker Tesla Inc (NASDAQ: TSLA) has received a bull case target from Wedbush Securities analyst despite recent reports showing the automaker is ceding EV auto sales grounds to other brands in Europe. According to a CNBC report on the European auto sales, French-based automaker Renault SA (EPA: RNO) top the list of the best-performing…

ZM Stock Jumped 5% on Thursday, Zoom Phone Reaches 1M Sales

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The room for expansion gives investors hope to continue holding Zoom stock through the pandemic. Zoom Video Communications Inc (NASDAQ: ZM) stock closed yesterday trading at $383.24, up approximately 5.10%. Meanwhile, Zoom stocks are up approximately 3.11% during Friday’s pre-market. Zoom services demand and potential future growth was largely attributed to Thursday’s spike in Zoom stock. Notably, Zoom announced that it had sold 1 million Zoom Phone seats. Zoom Phone is an enterprise-focused communications platform available on the Zoom Pro tier that complements Zoom Meetings, Zoom Chat, Zoom Rooms, and…

Gamers are still Nvidia’s masters, but Ether miners could change that

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Gaming hardware giant Nvidia has addressed the ongoing shortage of its new RTX 3000 product line after high demand from gamers, and to a lesser extent, cryptocurrency miners, pushed up prices and cut availability. Nvidia chief financial officer Colette Kress said the company didn’t have good visibility into how much demand came solely from cryptocurrency miners, but she doesn’t believe it’s a big part of the business at this time. That’s despite reports of some Ether (ETH) miners constructing rigs comprised of 78 of Nvidia’s Geforce RTX 3080 graphics cards,…

Ethereum (ETH) Reserves on Exchanges See 27% Drop in 48 Hours

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The current data suggests an imminent explosive bull run that could propel Ether to even greater heights. Reports from crypto analysts and experts have revealed that ETH reserves on centralized exchanges have plunged by 27% within just 48 hours. Ethereum isn’t looking to back down anytime soon this year as the digital coin continues to build upon its impressive performance this year.  Data from Glassnode have revealed that, up to just 7% of Ether’s circulating supply is currently held on crypto exchanges, signaling the lowest that ETH reserves have dropped…

Israeli Gaming Giant Playtika to Go Public in US After $1.88B IPO

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The total amount raised through the IPO gives Playtika a valuation of $11.1 billion. Israeli-based gaming giant Playtika Holding Corp is set to make a grand entry on the Nasdaq bourse following its Initial Public Offering (IPO) where it raised $1.88 billion. As reported by Reuters, the gaming giant Playtika revealed on Thursday that it had sold the shares in the IPO at $27 each, a figure that is well beyond the projected share price range of $22 to $24. At the boosted rate, Playtika noted that it sold a…

Live Trading & Chart Analysis – Stock Market, Gold & Silver, Bitcoin, Forex – December 16, 2020

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Sick of yield farming? Your liquidity could save Earth from the Daleks

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The decentralized finance craze has provided endless opportunities for token holders to farm yield through staking their assets in a wide variety of liquidity pools. But for those who yearn for something a little more tangible than yet another “worthless” token in return for locking up theirs, Reality Gaming Group has another option. The Doctor Who: World’s Apart and Reality Clash developer is offering a liquidity boost and rewards program featuring NFTs from its portfolio of games. The scheme has launched alongside an RCC/ETH liquidity pool on Uniswap and offers rewards…

Galaxy Digital Set to Launch Mining Financial Services

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Galaxy Digital is in a unique position to help connect operators and equipment providers with capital. Galaxy Digital has announced that it would be launching financial services for mining operations. According to the press release, this unit would be known as Galaxy Digital Mining and it would be focused on providing financial services to Bitcoin miners. The press release went on to state that this new unit would be drawing on the parent firm’s expertise in trading and risk management, investing and lending, and corporate advisory. All of this would…

Interest in Bitcoin (BTC) at Near 2017 Levels According to Google Trends

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Organic searches for the term “Bitcoin” are now around its all-time highs, a screengrab by Mati Greenspan, a licensed Portfolio Manager, on Dec 14 shows. Google Trends Hints As gleaned from Google Trends, a tool used to indicate retail interest in any topic reveals a growing interest in Bitcoin. BTC prices have more than doubled from one month ago since closing above $20k. These are peaked reached at the ICO-drive hysteria of Q4 2017. The subsequent rally was primarily driven by institutional interest has seen the BTC/USD surge, blasting past…

Canada’s first public Bitcoin fund hits $1 billion

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Canadian regulated digital asset manager 3iQ has recorded another massive milestone of its public Bitcoin (BTC) fund. On Jan. 14, 3iQ’s Bitcoin Fund (QBTC) hit the $1 billion mark, the company announced on Twitter. The new milestone demonstrates QBTC’s parabolic growth after 3iQ launched the fund in April 2020. QBTC is now up 900% from its previous milestone of $100,000 recorded in October 2020. As previously reported, 3iQ’s QBTC is Canada’s first public Bitcoin fund listed on a major stock exchange, the Toronto Stock Exchange. Cameron and Tyler Winklevoss’ Gemini…