Tag: Stock

Boerse Stuttgart Stock Exchange Taps BaFIN License to Offer Crypto Custody

Ranking as the sixth largest stock exchange in the European Union and second in Germany, Boerse Stuttgart is committed to doubling down on its track record concerning its new crypto service offerings. German stock exchange service provider Boerse Stuttgart Exchange has landed the license to offer a crypto custody service from the country’s top financial regulator BaFin. As reported by FinanceFeeds, the license will now position Boerse Stuttgart as a one-stop shop for service providers ranging from crypto brokerages and trading for institutional investors. The license is the first of…

First Republic (FRC) Shares Jump 15% as Regional Bank Stock Rebounds

Since the collapse of Silicon Valley Bank, several industry stakeholders have been doing all they can to help cushion the pangs in the firm to help prevent it from collapsing. Regional banks in the United States might have recorded their worst month ever this March, the surviving ones, including First Republic Bank (NYSE: FRC). At the time of writing, the shares of First Republic have jumped by 15.72% to $14.28 in a move that appears as though it wants to start paring off the losses it has accrued from that…

Owner of Major US Stock Exchange To Launch Crypto Custody Services by June: Report

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The parent company of a major US stock exchange is reportedly looking to launch crypto custody services by June. According to a new report by BNB Bloomberg, Nasdaq INC., the owner of the New York-based Nasdaq Stock Exchange, expects its crypto custody services to be available by the end of the second quarter. Ira Auerbach, head of Nasdaq Digital Assets, told Bloomberg in an interview that the firm is currently in the process of acquiring the regulatory consent and necessary infrastructure it needs to launch. Auerbach also says that offering…

VORB Stock Up 70% in Pre-market, Virgin Orbit to Receive $200M Investment from Matthew Brown

Virgin Orbit stock is up over 73% in the pre-market while yesterday it closed down almost 15%. Aircraft engineering company Virgin Orbit (NASDAQ: VORB) is about to close a deal with venture capital investor Matthew Brown. Reuters reported the news referring to a term sheet that reveals that the company is nearing an agreement with the investor via a private share placement. Meanwhile, Virgin Orbit is moving toward filing for bankruptcy if it does not secure capital as soon as possible. The space technology company has been in a financial mess, being…

Cathie Wood’s ARK sells Coinbase stock for the first time in 2023

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Cathie Wood’s investment management firm ARK Invest is moving to take profits from its Coinbase stash, selling the first batch of Coinbase stock this year. On March 21, ARK sold 160,887 Coinbase shares from its ARK Fintech Innovation exchange-traded fund (ARKF) for $13.5 million, according to an investor notification seen by Cointelegraph. The transaction became ARK’s first sale of Coinbase stock in 2023, following three months of active buying in 2023. The sold amount accounts for 23% of all Coinbase stock acquired by ARK so far in March and about…

Nike Exceeds Fiscal Q3 2023 Forecasts Despite Excess Inventory, NKE Stock Down 2% After Hours

According to Nike, inventories climbed 16% in the fiscal Q3 2023 compared to the same period in 2022. Although Nike Inc (NYSE: NKE) is still dealing with its bloated investor, which has continued to affect its China sales, the company squashed estimates in the fiscal Q3 2023. Nike released its fiscal Q3 2023 result on March 21, noting that it performed better than Wall Street’s estimates. The quarterly revenue grew 14% YoY and 19% on a currency-neutral basis to $12.4 billion. Meanwhile, the analyst’s expectation was $11.47 billion. It also…

GoTo Gojek Records $2.63B Net Loss for 2022 Financial Year, Stock Up 1.85% Today

GoTo hopes to achieve positive Group adjusted EBITDA1 within the fourth quarter of 2023 while also reaching a full-year 2023 Group adjusted EBITDA1 to be between Rp 5.3 to Rp 4.6 trillion. Investors of Indonesia’s top tech giant GoTo Gojek Tokopedia PT Tbk (IDX: GOTO)are expressing mixed reactions to the recent performance report from the company which shows annual losses for the 2022 Financial Year widened. According to the details shared by the company, it recorded a loss of 40.4 trillion Indonesian rupiah ($2.63 billion) in what comes off as…

First Republic Bank’s Shares Downgraded to Junk Status by S&P Global; Stock Slides More Than 25% Lower – Bitcoin News

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After UBS acquired Credit Suisse and close to a dozen financial institutions injected $30 billion into First Republic Bank four days ago, S&P Global downgraded First Republic’s shares to junk status on Sunday. Investors are concerned that the cash infusion from 11 major financial institutions may not address the bank’s liquidity issues. First Republic’s shares fell more than 15% on Monday morning when Wall Street opened and by 1:15 p.m. (ET), the stock was down more than 25%. First Republic Bank Shares Slide 25% Lower Despite $30B Cash Infusion From…

Cardano founder Charles Hoskinson explains Ethereum’s and Bitcoin’s flaws

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Charles Hoskinson, founder of Cardano, points out the limitations of Ethereum’s and Bitcoin’s protocols. 0:00 Intro 0:48 What is your argument against post-Merge Ethereum? 4:43 Why do you think Bitcoin should abandon proof-of-work mining? 9:23 Why isn’t Cardano moving fast and breaking things? 11:25 Outro Subscribe to Cointelegraph Markets Pro: Check out the latest crypto merch at the Cointelegraph Store: Want to join the Cointelegraph team? Check out #Cointelegraph #Bitcoin #CryptoMarkets Subscribe to Cointelegraph: Follow COINTELEGRAPH: Website: Telegram: Facebook: Twitter: Cointelegraph covers…