Bitcoin reached a new record above $ 33,000 on Saturday and tripled in value in the previous year. Investors have been drawn to cryptocurrency as the US dollar weakened and the Federal …
Read More »Wave to face SEC suit on XRP cryptocurrency
Ripple Inc. Said it would defend a lawsuit by the Securities and Exchange Commission that claimed the company had violated investor-protection laws when it sold digital assets such as bitcoin called XRP. …
Read More »Elon Musk’s evocative tweet leads to discussion about potential ‘$ 1-trillion favor’ for Tesla shareholders
BTCUSD of bitcoin, + 1.18% The fierce rally is, again, attracting the attention of investors of all leases, including Elon Musk, who, early Sunday, asked about Tesla’s prospect of turning over TSL’s …
Read More »Square stock rocket after beating earnings
Square’s revenue in the third quarter rose to $ 3.03 billion from $ 1.27 billion a year earlier. category Shares of Square Inc. posted better after-hours trading after the company reported better-than-expected …
Read More »Epidemic e-commerce boom boosts PayPal’s earnings, but stock is still falling
Paypal Pendum Holdings Inc. promoted e-commerce adoption during the epidemic, producing strong-to-expected revenue and user growth in Monday’s earnings report. PayPal PYPL, + 0.87% The year-ago quarter posted net income of $ …
Read More »90 times return in five years? Goldman’s former hedge-fund manager says ‘huge wall of money’ is coming
Getty Images Bitcoin has caught fire in 2020, pausing almost 60% year-on-year to completely dwarf the 7% return on the S&P 500. According to Raul Pal, a former Goldman Sachs GS -1.14% …
Read More »New Zealand stops trading for 4th straight day after several cyber attacks
New Zealand’s NZX Exchange has been targeted for four days of DDoS attacks this week. Getty Images Trading in New Zealand’s stock market closed for the fourth consecutive day on Friday due …
Read More »Facebook closes financial entity in another bid to capture digital payments, commerce
Facebook Inc. has a new payment group with a familiar face. David Marcus, co-creator of the company’s Libra cryptocurrency project, will take the initiative to run all payment projects, including Facebook Financial, …
Read More »Square stock rises after bitcoin ballooning interest, causing a huge drop in revenue
Square Inc. posted a double earnings on Wednesday, as the payments company posted an unexpected jump in revenue for the second quarter, a day earlier due to an “out-of-the-box reach” of its …
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