Tag: Stock

Bitcoin mining stock prices outperformed BTC in H1 2023

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Bitcoin mining stock prices outperformed bitcoin prices in H1 2023, recent data shows. Comparing the performance of the top nine public bitcoin (BTC) mining firms, based on market capitalization, reveals that their average year-to-date stock price are up by over 250% in 2023. At this level, it is over 3X the performance of the world’s most valuable coin during this period. Bitcoin price and stock performance The difference in performance between bitcoin mining stocks and bitcoin…

Coinbase Stock (COIN) Explodes After Crypto Exchange Named in New Bitcoin ETF Filing

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Shares of Coinbase (COIN) are up after news that exchange operator Cboe Global Markets has refiled its spot Bitcoin exchange-traded fund (ETF) application. The U.S Securities and Exchange Commission (SEC) previously rejected Cboe’s application, which was filed on behalf of financial giants BlackRock and Fidelity, for being unclear and incomprehensive. Bloomberg senior ETF analyst Eric Balchunas said at the time that there were certain details that the SEC wanted, including the naming of a crypto exchange to help facilitate the ETF. “Basically [the] SEC wants them to name the ‘crypto…

Australian stock exchange may consider listing tokenized real-world assets

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The Australian Securities Exchange (ASX) is unlikely to directly list a cryptocurrency on its exchange but could consider an “appropriately-backed” tokenized real-world asset such as gold. Speaking to Cointelegraph, Dan Chesterman, the ASX’s CIO and group executive of technology and data said while there are hurdles for it to directly list a cryptocurrency the company could consider listing tokenized real-world assets. “There’s been, in the past, challenges associated with getting to the stage we could directly list a cryptocurrency mainly because it doesn’t meet a lot of the listing rules,”…

Unity (U) Stock Price Jumps Over 15% as Company Announces Its AI Marketplace

Unity plans to integrate AI tools for generating game dialogues, graphics, and textures in its gaming software. On Tuesday, June 27, the stock price of Unity Software (NYSE: U) surged by more than 15% as the gaming toolmaker announced a marketplace for artificial intelligence software. This development comes at a time of hot and fresh developments taking place in the AI industry. Unity is basically a game engine software producing games for smartphones, consoles, and virtual reality headsets. With the recent development, Unity customers will be able to choose from…

Wise Stock Jumps 18% on Customer Deposits and Higher Interest Rates

Despite a few headwinds Wise has recently faced, the company’s stock jumped after revealing a spike in profits and revenue. British fintech online money transfer firm Wise’s (LON: WISE) stock jumped almost 18% on Tuesday in reaction to a rise in company profits. In a recent statement, the London-based fintech noted that its profit before tax tripled to £146.5 million ($186.5 million). The company also reported that its earnings per share tripled to 11.53 pence. According to data from MarketWatch, Wise stock has gained 6.58% in the last five days and…

HSBC Allows Hong Kong Users Trade Bitcoin And Ether ETFs On Local Stock Exchange

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Summary: Hong Kong’s largest bank HSBC now lets users trade Bitcoin (BTC) and Ether (ETH) ETFs available on the local stock exchange. Three of these exchange-traded funds are available on Hong Kong’s stock exchange including CSOP Bitcoin Futures ETF, CSOP Ethereum Futures ETF, and Samsung Bitcoin Futures Active ETF. The move follows the introduction of a crypto licensing regime introduced in the Chinese special administrative region meant to pull digital asset businesses into the region and set up a global crypto hub. Hong Kong’s largest bank HSBC officially enabled the…

Siemens Energy Stock Loses 35% as Review of Issues at Subsidiary Shows Wind Turbine Problems Could Last for Years

Siemens Energy CEO Christian Bruch said that “too much had been swept under the carpet” concerning Siemens Gamesa. Shares of Siemens Energy declined 35% earlier today as the company discarded its profit prediction and mentioned lasting wind turbine issues. Following a review of concerns at its subsidiary Siemens Gamesa, the company announced its findings of a “substantial increase in failure rates of wind turbine components”. However, its shares plunged as the market reacts to the unpleasant update. Siemens Energy Wind Turbine Issues Linger The Thursday report shows that the Siemens…

Bitcoin Equities ETF Makes Debut on Euronext Stock Exchange

The addition of a Bitcoin equities exchange-traded fund product to the Euronext Amsterdam stock exchange is fantastic news for Dutch investors. The highly anticipated Bitcoin Equities Exchange-Traded Fund (ETF) product has made its debut on the Euronext Amsterdam stock exchange. This groundbreaking move brings Bitcoin into the realm of traditional financial markets, offering investors a regulated and easily accessible way to gain exposure to the world’s leading token. Earlier today, the Euronext Amsterdam Stock Exchange welcomed the trading of the Bitcoin Equities ETF, BTC NA, offered by French investment firm…

Bitcoin Equities ETF hits Euronext Amsterdam stock exchange

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The Netherlands has welcomed a new equities exchange-traded (ETF) fund that will give investors exposure to a basket of Bitcoin-related company stocks. French investment firm Melanion Capital’s Bitcoin Equities ETF began trading on the Euronext Amsterdam Stock Exchange on June 22, introducing an equities-based approach to investing in the Bitcoin ecosystem. BTC NA is designed to track the Melanion Bitcoin Exposure Index, which is a custom basket of European and American stocks that are closely tied to the market price of BTC. The ETF is compliant to the European Commission’s…