Tag: Stock

BTCS stock jumps 44% after announcing first-ever dividend payable in Bitcoin

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On Wednesday, Nasdaq Composite logged its biggest daily loss since February last year. But for one of its listed companies, the day turned out to be extremely bullish. Blockchain stock soars The share value of BTCS Inc. (BTCS), a blockchain technology company, surged nearly 44% to $4.36 at the New York closing bell, thus becoming the third-best performer on Nasdaq after Lixte Biotechnology (LIXT) and Mainz Biomed BV (MYNZ). Top Nasdaq performers as of Jan. 5, 2022’s close. Source: TheStockMarketWatch.com   In contrast, Nasdaq plunged 3.3% Wednesday, its losses driven primarily by…

Gibraltar Stock Exchange Receives Purchase Proposal by Blockchain Firm – Bitcoin News

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The stock exchange of Gibraltar, a British territory, has received a purchase offer by a blockchain firm called Valereum. The purchase, that is set to occur in the new year, if effective, might make the Gibraltar Stock Exchange the first bourse where cryptocurrencies and stocks could be traded with cryptocurrencies. Regulators are currently reviewing this offer. Gibraltar Could Become a Crypto Haven Gibraltar might make history as the territory in which the first mixed bourse, with crypto assets and stocks available for investors, operates. The main bourse of…

NIO Stock Down 8% in Pre-market, Company Announces Halt in Auto Production

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Nio has recorded impressive results in auto production in the past two quarters. But the current halt may be risky for the performance of the company. Chinese electric vehicle maker Nio Inc (NYSE: NIO) has announced a halt to its auto production activity for 5 days. According to the official announcement, the suspension of its car manufacturing applies to its Hefei plant and the primary reason cited for this unprecedented move is the shortage in the supply of semiconductors. The challenge of the limited chip supply has been a major…

US Stock Market Remains Upbeat as Fed Chairman Shows Optimism on Economic Recovery

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The US Treasury Secretary Janet Yellen said that the banks are in a healthy condition and could pay dividends and repurchase stocks. The Biden administration is further mulling a $3 trillion stimulus for economic recovery. On Wednesday, March 24, the US stock market remained upbeat during the trading hours. Fed Chair Jerome Powell and Treasury Secretary Janet Yellen shared and optimistic for the US economic recovery from the Coronavirus pandemic. Thus, the economy-linked industrial and financial stocks surged north. The Wall Street indexes have been on a topsy-turvy ride over…

Venezuela trials ‘decentralized stock exchange’ that’s open to the world

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Venezuela’s National Securities Superintendency has given the go-ahead for a 90-day pilot of a crypto-powered “decentralized stock exchange” in the country that aims to have a global reach despite international sanctions.  Cointelegraph Espanol reports that news of the Decentralized Stock Exchange of Venezuela’s authorization to operate was published in the country’s official gazette, issue 6,578, Sept. 29. The exchange is known as BDVE and its website claims that the platform comprises “the first decentralized stock exchange in the world.” It highlights that users will be able to access the exchange…

Shenzhen’s stock exchange is preparing to launch Blockchain-powered trades

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Shenzhen’s stock exchange, one of the biggest exchanges in the Asia-Pacific region, announced that they have co-launched a blockchain solution for trading with unlisted private-sector companies. This new platform was created as part of the Beijing Regional Trading Center. The report also indicated that the platform will be co-piloted with the Beijing Fourth Board Market, or BFBM — the city’s regional equity market. Both groups expect to “reduce the cost of information asymmetry, standardize corporate equity management, and better play the function of market equity financing” by integrating blockchain technology. Ge…

BNP Paribas connects to major stock exchanges with DAML smart contracts

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BNP Paribas’ securities arm has partnered with Digital Asset to develop a number of real-time trade and settlement applications using DAML-based smart contracts, the firm announced on Sept. 15. The new DAML-driven apps will connect BNP Paribas Securities Services with major global stock exchanges like the Australian Securities Exchange, or ASX, and the Hong Kong Exchange, or HKEX. The apps will provide market participants in the Asia Pacific with real-time access to ASX’s and HKEX’s upcoming blockchain-based trading and settlement platforms. BNP Paribas will specifically connect to the ASX’s blockchain-powered equity…

Dave Portnoy shrugs off $700K stock loss, weeks after crying over $25k Bitcoin dump

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Dave Portnoy, Barstool Sports’ founder, admitted he lost $700,000 trading stocks on Sept. 8, expressing the importance of “strong hands.” “To steal a line from my crypto friends — you can’t have weak hands,” Portnoy said in a Sept. 8 Twitter video. “If you have weak hands, this game is not for you.”  Weak hands refers to someone selling their trading or investing position out of fear after (or during) a price decline. Stocks have suffered declining prices recently, including today, on which Portnoy boasted of his hand strength.  “Do…

Apple stock market cap shows just how small crypto still is

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While the crypto space has seen tremendous growth over the past decade, the asset class still holds a tiny amount of value compared to mainstream markets, especially when pitted against giants such as Apple.  Apple stock (AAPL) holds a staggering $2 trillion market cap, dwarfing all the speculative capital held within the entire crypto space, which, at press time, totals a mere $342.8 billion according to CoinMarketCap.  The crypto industry has grown from simply a concept in 2008, with the inception of Bitcoin’s white paper, to hosting billions of invested dollars. Bitcoin…

SBI Holdings to set up blockchain-based digital stock exchange in Osaka

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SBI Holdings, Japanese financial giant and a major blockchain-focused institution, is reportedly planning to set up a blockchain-based digital stock exchange. Yoshitaka Kitao, president and CEO at SBI Holdings, announced the company’s plans to collaborate with Osaka Prefecture to establish a new global financial hub. The new international financial center is will purportedly be located in Osaka and Kobe, Nikkei reports on Sept. 2. SBI is planning to launch a digital stock exchange based on blockchain technology. The exchange is expected to attract global fintech companies and contribute to the…