Tag: Stock

Treasury Yields Bounce Setting Pace for Stock Market Growth

The ripple effect of the bearish sentiment in the US stock market has also contributed to the encompassing slump in the digital currency ecosystem. Treasury yields in the United States went on a bounce on Monday as investors started assessing the positivity around the latest interest rate hike on the broader stock market. As reported by Coinspeaker, the Federal Open Market Committee (FOMC) of the Federal Reserve raised interest rates by 50 basis points to its highest level in 15 years. Besides the heightened interest rate, the 50 basis points…

Coinbase (COIN) Stock Price Expectations 2023: Coinspeaker Advent Calendar

As long as Coinbase stock is concerned, there is a very gloomy expectation for its growth in 2023 and in the long term. Dear readers welcome to another episode of the Coinspeaker Advent Calendar where we get to explore potential expectations on the share price of Coinbase Global Inc (NASDAQ: COIN) in 2023. Coinbase is arguably one of the most notable digital currency trading platforms in the United States and around the world. According to data from CoinMarketCap, Coinbase currently has an average daily volume of $1.9 billion, trailing only…

Tesla (TSLA) Stock Forecast 2023: Coinspeaker Advent Calendar

In tandem with other market trends, TSLA is down by over 58% Year-to-Date as tech stocks received a beating across the board. Dear readers, the chilly winds of Winter are finally upon us and as the holiday season beckons, it is imperative to look forward to what the future holds. In today’s episode of Coinspeaker Advent Calendar, we will be looking at Tesla Inc (NASDAQ: TSLA), one of the most iconic electric automakers in the world today. Is Tesla stock a good buy for 2023? How well will the stock…

Crypto Miner Core Scientific Sees Stock Surge 200% on Creditor Offer to Fund Insolvency

Core Scientific experienced a four-day stock surge after one of its creditors offered to pull it out of its financial mess. Core Scientific (NASDAQ: CORZ) recently experienced a 200% stock surge over the past four days. The digital asset minting facilitator and blockchain infrastructure provider has endured difficult times throughout 2022. As the current crypto winter prevails, Core Scientific has seen positive reception from a current creditor regarding a recent financing proposal. Should this deal sail through successfully, the miner might avoid bankruptcy. Core Scientific stock jumped from 13 cents…

CSOP’s Bitcoin and Ether ETFs Begin Trading on Hong Kong Stock Exchange (HKEX)

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CSOP Asset Management’s Bitcoin and Ether ETFs has started trading on on the HKEX. For the first time ever, the Hong Kong Stock Exchange has listed Bitcoin and Ether futures exchange-traded funds (ETFs) issued by CSOP Asset Management. They are the CSOP Bitcoin Futures ETF and CSOP Ether Futures ETF. According to a Thursday announcement by the ETF issuer, the ETFs will track Bitcoin and Ether futures already listed on the Chicago Mercantile Exchange (CME), albeit respectively. Bitcoin and Ether ETFs Meanwhile, the global head of equity and FX products…

Stock price for troubled Bitcoin miner Core Scientific surges 200%

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Bitcoin (BTC) miner Core Scientific’s stock has soared nearly 200% in the past four days, following the positive reception for a Dec. 14 financing proposal from a current creditor who is hoping the firm can avoid bankruptcy. Shares for the embattled miner were sitting just over 13 cents on Dec. 12, before climbing to nearly 40 cents as the market closed on Dec. 15 — representing a gain of 198%. A five-day chart showing Core Scientific’s share price on Nasdaq. Source: TradingView According to financial media firm Marketbeat, traders acquired…

Goldman Remains Cautious on Tesla Stock but Projects It Will Do Well Long-Term

Having taken a prolonged beating, Tesla stock stokes fresh concern as Goldman cuts price target and Twitter worries alienate investors. Tesla Inc (NASDAQ: TSLA) stock recently fell after Goldman Sachs cut its price target from $305 to $235. However, the banking giant maintained its Buy rating on the electric vehicle maker’s stock due to positive long-term prospects. Explaining the optimism for Tesla, Goldman analyst Mark Delaney said: “We believe that Tesla remains well positioned for long-term growth as an EV cost structure and full solution leader (e.g. providing vehicles, charging, storage, software and…

SEC sues Atlas Trading for $100M stock manipulation scheme

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The United States Securities Exchange Commission (SEC) filed a claim against eight individuals associated with Atlas Trading, a Discord-based forum. The forum’s co-founders, affiliated podcasters and Youtubers are being alleged of stock manipulation.  The claim was filed with the U.S. District Court Southern District of Texas on Dec. 13. The regulator accuses the defendants of violating Section 17(a) of the Securities Act and Section 10(b) of the Securities Exchange Act. According to the SEC, bloggers made no less than $100 million by acquiring substantial positions in some securities, recommending those stocks…

Bitcoin Miner TeraWulf Sees 33% Drop in Stock Price after Agreement with Bitmain

Bitmain said that it will be replacing the previous batch with 14,000 S19j Pro miners for delivery by the first quarter of 2023 at no additional cost to TeraWulf.  Bitcoin mining companies have been facing major operational challenges amid the crypto winter this year. As a result, the stock price of several public-listed Bitcoin mining companies has been heading south. On Monday, December 12, the stock price of Bitcoin miner TeraWulf (NASDAQ: WULF) dropped by a staggering 33% dropping all the way to 80 cents. This happened as the Bitcoin…

Ark Invest Adds Coinbase Stock as Crypto Exchange’s Price Slides

The purchase takes the ARK Innovation ETF’s (ARKK) holding to 5.7 million COIN shares. That puts the purchase on the small side – increasing the ETF’s exposure by 1.4%. It suggests the investment firm still sees bullish signs for the crypto sector, though may be opting for a cautious approach while the dust settles on a rocky period. Source AddsARKCoinbaseCryptoExchangesInvestPriceSlidesStock CryptoX Portal