Tag: Stock

US DOJ Prepares to Seize $465M in Robinhood Shares Belonging to SBF, HOOD Stock Up 3.4%

The DoJ believes SBF engaged in a year-long fraud business that cost investors and customers billions of dollars. The United States Department of Justice (DOJ) is, ostensibly, preparing to seize and liquidate Sam Bankman-Fried’s (SBF) 56 million Robinhood Markets Inc (NASDAQ: HOOD) shares valued at approximately $465 million. Notably, SBF purchased approximately 7.42 percent of HOOD stock via Emergent Fidelity Technologies Ltd, using funds borrowed from Alameda Research, according to an affidavit he filed in December in an Antigua court. According to media outlet Reuters, US attorney Seth Shapiro told…

Cowen Downgrades Coinbase Stock Citing Trading Volume Declines

“COIN’s business is significantly correlated to crypto asset prices, trading volumes, and volatility,” they wrote. “COIN’s monthly trading volumes have seen a fairly consistent drawdown each subsequent month since November 2021, and there remains low visibility into either a stabilization or rebound in retail trading volumes over 2023 given the macro backdrop and FTX contagion risks on crypto asset prices.” Source

Coinbase Stock Climbs 12% Following NYDFS $100M Settlement

Major exchange Coinbase saw its stock rise markedly after it announced a settlement with a state financial services regulator.  Coinbase Global Inc (NASDAQ: COIN) stock jumped 12% Wednesday on news that it had reached a settlement with a New York regulator. According to reports, the leading American crypto exchange agreed to pay $100 million to the New York Department of Financial Services. 50% of this settlement constitutes the fine, while Coinbase will invest the remaining $50 million into strengthening its compliance programs. Coinbase stock was trading at $37.34 per share following…

Tesla (TSLA) Stock Takes 12% Hit Following Q4 2022 Delivery Report

On Tuesday, Tesla saw its stock take a significant downturn a day after posting its December vehicle production and delivery report. Tesla Inc (NASDAQ: TSLA) stock recently plunged by more than 12% on the heels of the company’s Q4 2022 vehicle production and delivery report. Although Tesla’s numbers were a record, they fell short of analysts’ expectations. On Tuesday, Tesla posted 405,278 deliveries for the fourth quarter of last year and 1.31 million total deliveries for all of 2022. The electric vehicle’s full-year figures represent a record 40% growth in deliveries…

IS CRYPTOCURRENCY REALLY BANNED?

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io IS CRYPTOCURRENCY REALLY BANNED? Watch this video to know whether cryptocurrency is banned or not and the why of whatever the answer be. 🏦Bank Promotion Exam Important Playlist: 😀JAIIB & CAIIB Full Courses Videos: 👉Full Videos 👉Chapter-wise Previous year Questions 👉Mock Tests 👉ePDF Notes 👇👇👇👇👇 📕For JAIIB : 📕For CAIIB : 🤓 JAIIB Exam Playlists 👉🏻 Principles and Practices of Banking Playlist 👉🏻 Accounting and Finance for Banking Playlist 👉🏻 Legal and Regulatory aspects of Banking Playlist: 😎CAIIB EXAM PLAYLISTS 👉🏻 BFM…

US lawmakers could consider stock trading ban in next session of Congress

Many United States lawmakers from both sides of the aisle have at one point expressed support for legislation banning members from investing in stocks or crypto — an initiative the 118th Congress could address following a shift in leadership. Beginning on Jan. 3 as the next session of the U.S. Congress opens, Republicans will take control of the House of Representatives with a slim majority following the 2022 Midterms, while Democrats will maintain a majority in the Senate. Kevin McCarthy, a Republican representative in contention to be the next Speaker…

Cathie Wood Stacks Up Additional $5M Worth of Coinbase Stock

Many investors on Wall Street are increasingly becoming bullish about the crypto ecosystem and the technology powering the different digital assets. Prominent fund manager, Cathie Wood has acquired an additional 158,000 shares of Coinbase Global Inc (NASDAQ: COIN) worth a total of $5 million as the trading platform’s stock continues to take a beating when compared to its spot price earlier in the year. Despite the 6.92% close on Thursday pushing the stock to a price of $34.78, Coinbase (COIN) is still trading around its lowest, having dropped as much…

Bitcoin Outperforms Tesla Stock in 2022 Despite 60% Price Correction

Growth stock Tesla has come under huge selling pressure correcting 72% year-to-date and giving a lead to Bitcoin. Some market analysts believe that the bear market in crypto is far from over and there’s more pain to come ahead. The world’s largest cryptocurrency Bitcoin (BTC) has witnessed one of the most brutal price corrections in history while collapsing 66% year-to-date. Currently, the BTC price has been struggling enough to move past the $17,000 level. But as we know, Bitcoin has been closely following the US equity market wherein growth stocks…

Bitcoin beats Tesla stock in 2022 as BTC price heads for 60% losses

Bitcoin may in line for worse losses in the new year, analysts say, but BTC price action has a least fared better than TSLA. Bitcoin (BTC) circled $16,750 after the Dec. 28 Wall Street open after stocks dragged markets lower. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin analysts stick to downside fears Data from Cryptox Markets Pro and TradingView tracked BTC/USD as it recovered from local lows of $16,559 on Bitstamp. After days of barely any movement up or down, Bitcoin finally saw a flicker of action as traditional…