Tag: Stock

ZK Proofs Arrive on Bitcoin, Roxom Launches Bitcoin-Based Stock, Commodities and Futures Exchange

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July 25: BitcoinOS, a network of Bitcoin-based rollup chains, has verified the first-ever zero-knowledge (ZK) proof on Bitcoin’s mainchain. ZK cryptography is looked to as a key technology for scaling blockchain throughput and usefulness, but the tech is complicated and computationally intense – meaning it was unclear if or when it would make its way to the comparatively bare-bones Bitcoin network. According to the BitcoinOS team, “This is the first permissionless upgrade of the Bitcoin system and the first time Bitcoin has been upgraded without a soft fork.” Bitcoin can…

Bitcoin mining stock analyst discusses ‘Trump Bump’

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Analysts from H.C. Wainwright believe the market’s positive reaction to crypto suggests increased confidence in Republican presidential candidate Donald Trump’s election prospects.  This confidence comes because Trump is known for his pro-crypto stance, particularly his support for Bitcoin (BTC) mining in the U.S. Following a failed assassination attempt on Trump during a campaign rally in Butler, Pennsylvania, on Saturday, July 13, Bitcoin and BTC mining stocks saw a notable surge. BTC rallied over 9% since the incident, reaching a high of approximately $63,790 on Monday, while mining stocks gained around…

Market Strategist Predicts 32% Stock Market Crash, How Will This Affect Crypto?

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Peter Berezin, chief global strategist at BCA Research, has predicted that the stock market will experience a significant crash by 2025. His prediction is noteworthy, given the impact that a decline in the stock market could have on the crypto market. Market Expert Predicts 32% Crash In Stock Market Berezin mentioned in an interview that the S&P 500 will decline by 32% and drop to 3,750 by next year. He explained that this downtrend would occur due to a recession in the US, which he predicts could happen at year-end…

Bitcoin buyer Microstrategy announces 10-for-1 stock split

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MicroStrategy’s board of directors approved a 10-for-1 stock split for both its class A and class B common stock.  This stock split will make the stock more accessible to investors and employees. After the announcement, shares (MSTR) of the software company, which is also known for its significant investments in Bitcoin (BTC), rose by 7.5% in intra-market trading. Conventionally, a 10-1 stock split would mean that for every one share an investor owns, they will receive ten shares, with each new share worth one-tenth of the original share’s price. Similarly, MicroStrategy’s…

Michael Saylor’s MicroStrategy (MSTR) Announces Stock Split as Share Price Triples in a Year on Bitcoin (BTC) Rally

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Stock splits are common among public companies whose shares have significantly appreciated. While the split does not change the company’s valuation, it could make the stock psychologically more accessible to smaller, retail investors by reducing the share price even at a time when many retail-facing trading platforms offer fractional shares. Most recently, chipmaker juggernaut Nvidia (NVDA) saw a 10:1 stock split last month after reaching a four-digit share price, tripling in a year fueled by the artificial intelligence-driven (AI) equities rally. Original

London Stock Exchange Group's Patrick Strobel Moves to LCH as Chief Technology Officer

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Global clearing house LCH, which was acquired by the London Stock Exchange Group (LSEG), has named Patrick Strobel its Chief Technology Officer. Strobel, who has been with LSEG as the Head of SwapClear and Regulatory Reporting Technology for more than three years, announced his latest career move today. Experience from Major Brands According to Strobel’s profile, he also held the role of Head of Securities Technology and UnaVista until 2022. The veteran executive has also worked for other major industry brands in the past, including Liquidnet, Deutsche Bank, and JPMorgan.…