Day: December 28, 2022

Bitcoin Miner Argo Blockchain Suspends Trading on Nasdaq amid Upcoming Announcement

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The suspension of trading activity is because of a major announcement by Argo blockchain on Wednesday. Earlier this month, Nasdaq suspended trading activity for the Bitcoin miner on rumors of the bankruptcy filing. On Tuesday, December 27, Bitcoin miner Argo blockchain announced that it has suspended trading on the Nasdaq platform because of an upcoming announcement expected on Wednesday. Argo Blockchain Trading on Nasdaq It is a temporary suspension and trading of its American depositary shares (ADS) will resume once again on Wednesday. In its press release, Argo blockchain said…

Mango Markets Hacker Arrested in Puerto Rico to Face Fraud Charges

Eisenberg was arrested by the DOJ because the regulator believes no act of market manipulation can be justified by law. Authorities from the United States have arrested Avraham Eisenberg, the alleged hacker of the Mango Markets Decentralized Exchange (DEX). According to a report by The Block, Federal prosecutors from the Justice Department arrested Eisenberg in Puerto Rico and he will be made to face charges in the US District Court for the Southern District of New York. This year was particularly a year with numerous cyberattacks, many of which the…

Coinbase Stock Sinks to All-time Low as Slow Holiday Week Begins

Crypto exchange Coinbase plunged to a $32.65 all-time low as the S&P 500 and the Nasdaq Composite also slipped up. Coinbaseย (NASDAQ: COIN) recently fell 8% to an all-time low of $32.65 following a sluggish trading day. The slow session was also accompanied by slow movement in the S&P 500 and Nasdaq Composite during the holiday weekend. The low trading volume seen in the markets was likely a result of investors taking a break to mark the festivities. In addition to Coinbaseโ€™s all-time low, other crypto-related stocks also plunged during the…

Why Is Bitcoin Miner Argo Blockchain Suspending Trading On NASDAQ?

Argo Blockchain, a Bitcoin mining and technology company, has been making desperate attempts to parry the effects of high energy costs and falling BTC prices โ€“ both kryptonites to its business. In fact, during the early days of December, the company admitted it is crossing its fingers to avoid filing for Chapter 11 Bankruptcy by engaging in what it termed as advanced negotiations. On the other end of the negotiating table is an unnamed party Argo Blockchain hopes will support its business as it is dealing with insufficient funding to…

AAPL Shares Slide 1.39%, Market Strategists Concerned with iPhone Supply, Will Apple Rebound?

Apple stock has declined approximately 26 percent and 13 percent in the past twelve months and three months respectively. Apple Inc (NASDAQ: AAPL) shares closed Tuesday, December 27, trading at $130.03, down 1.39 percent from the dayโ€™s opening price. The decline continued during the after-hours, whereby AAPL shares exchanged about $129.50 as of December 27, 2022, 7:59 p.m. EST. The latest decline has increased the possibility of Apple shares getting trapped in a fresh multi-week bear market next year. Moreover, iPhone production in Appleโ€™s China plant has been halted, particularly…

FTX customers file class-action lawsuit to get priority reparations

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While the government agencies are queuing to sue the FTX and its founder Sam Bankman-Fried, the group of former customers made an effort to get their money back first. A class lawsuit initiated by four individuals demands priority access to frozen funds of the company for its customers, not investors.ย  The lawsuit was filed on Dec. 27 in the United States Bankruptcy Court for the District of Delaware. Four plaintiffs claim to be representing the whole class of former FTX customers, which might amass up to 1 million individuals. What…

Argo Blockchain sells top mining facility to Galaxy Digital for $65M

Cryptocurrency mining firm Argo Blockchain has taken a difficult decision to sell its flagship mining facility Helios in order to survive the ongoing bear market. Argo Blockchain CEO Peter Wall officially announced on Dec. 28 a deal with Mike Novogratzโ€™s crypto investment firm Galaxy Digital to sell Helios facility for $65 million. Argo has already been cashing its mined Bitcoin (BTC) to reduce the loan to Galaxy. Additionally, Galaxy will also provide Argo with a new $35 million equipment finance loan to help the troubled miner reduce its debt. โ€œWeโ€™ve…