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A tumultuous week for US banks saw the shares of the crypto-friendly Signature Bank (NASDAQ:SBNY) drop nearly 23% on Friday and more than 37% since Monday. The decline comes after the second large...
Silvergate Capital's (NYSE:SI) crypto bank shutdown seems to be the latest domino to fall in the FTX fallout. Although its fall had a minor effect on the suppression of the crypto market than FTX, the...
The day of the first hearing of the Subcommittee on Digital Assets saw the crypto markets drop significantly, with Bitcoin falling to its 7-week low.One of the busier days of one of the busier weeks...
US-based companies cut 77,770 jobs in February, compared to 102,943 in January. Tech companies continued to lead the layoff race, trimming 21,387 jobs last month, which represents 28% of all cuts,...
Bitcoin fell to a near-two-week low on Friday morning amid the latest decline in the broader crypto market after key crypto bank Silvergate Capital (NYSE:SI) warned it might not survive the storm. The...
According to Thursday’s presentation, both FTX and FTX.US still have a “massive shortfall” and only a fraction of identified assets are actually liquid.This Thursday, FTX published...
The Federal Open Market Committee (FOMC) will meet later in March to decide on the interest rate question for the US economy. With almost zero expectation of rate cuts this year, what does that mean...
While AMC Entertainment (NYSE:AMC) beat its Q4 estimates and saw a significant rise in revenue in 2022 compared to 2021, its shares were down nearly 10% after the earnings report was published.AMC...
Possibly boosted by the success of Avatar: The Way of Water, AMC (NYSE:AMC) closed Monday up nearly 23%.The shares of AMC, one of the major “meme stocks” from the craze of early 2021,...
What can the Fed do in a sticky inflation situation?January’s Personal Consumer Expenditure (PCE) index came in hot at 5.4% vs. the expected 5% inflation rate. The market is already in a frenzy...
While Coinbase’s (NASDAQ:COIN) earnings report managed to beat expectations, it is still very representative of the damage the “crypto winter” caused to the industry.After a day of...
Softbank (OTC:SFTBY)'s Latin America and Vision Funds lost $5.8 billion in the quarter that ended Dec. 31, 2022.According to the latest financial report, SoftBank’s Vision Funds sustained a loss...
Institutional investors seem to be pushing Bitcoin to greater levels, let's look into it.Over the month of January, Bitcoin returned to its highest level since August, gaining 41% to $23.5k. Is this a...
Bitcoin rose more than 40% since the impairment was logged, while MicroStrategy's (NASDAQ:MSTR) shares went 101% into the green.In its Q4 earnings report, MicroStrategy revealed a $197.6 million...
Global central banks purchased 1,136 tons of gold in 2022, driving the demand for the yellow metal to the highest mark since 2011. The figure, which represents the most central banks bought in 55...
Snap’s (NYSE:SNAP) latest earnings report sent its stock down by almost 15% and drove Alphabet (NASDAQ:GOOGL), Meta (NASDAQ:META), and Pinterest (NYSE:PINS) into the red with it.The company...
The crypto market is off to a good start in 2023, with major cryptocurrencies like Bitcoin and Ethereum gaining over 30% YTD. Growing institutional participation in Bitcoin Futures has backed this...