Pundit Predicts Strong Recovery For Bitcoin As The Fed Pumps Brakes On The Dollar

After plummeting for nearly a year, Bitcoin could soon find a bottom as the Fed turns its attention to suppressing the dollar’s ascent. Speaking to Stansberry Research Monday, Clem Chambers, CEO of Online Blockchain Plc, noted that a strong dollar was the primary cause of the recent downturn in cryptocurrencies, forex, equities and commodities. According to him, the greenback’s rampant […]

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Gogo Climbs 5% On 1.5 Mln Share Repurchase

Shares of inflight internet provider, Gogo Inc. (GOGO) are up more than 5% Friday morning after the company said it has agreed to repurchase 1.5 million shares owned by affiliates of BlackRock Inc. for about $18 million or $12.23 per share, to be paid in cash. The transaction is expected to close on September 21. GOGO is at $12.88 currently. […]

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Bitcoin Maxis React to Ethereum’s Merge Event

Shortly after Ethereum’s Merge upgrade was completed in the early hours of September 15, i.e. the Ethereum network switched from proof-of-work (PoW) to proof-of-consensus (PoS), several influential Bitcoin maximalists (or “maxis” for short) expressed their reaction to this event. Ethereum creator Vitalik Buterin called this successful upgrade “a big moment for the Ethereum ecosystem, and naturally appeared delighted like the […]

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Fidelity May Offer Its Retail Investors a Chance to Buy Bitcoin With the Whispers Growing Louder

The institutional adoption of bitcoin continues as investment giant Fidelity looks toward digital assets. Mike Novogratz, CEO of investment firm Galaxy, broke the news at the Salts New York Conference thanks to “a bird in his ear.” Fidelity’s 34.4 million brokerage accounts may serve as the catalyst to save Bitcoin’s year. As Bitcoin continues to underperform poorly this year, institutions […]

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SEC's Hurdles Against BTC Spot ETF Highly Suspicious, Chamber Of Digital Commerce Warns

The Chamber of Digital Commerce has criticized the U.S. Securities Exchange Commission for rebuffing a Bitcoin ETF despite numerous applications being made to approve them. In a Tuesday report, the organization questioned the regulator’s decisions to put on hold or reject over 16 Bitcoin spot ETF applications made since 2013 without a clear explanation. “Roughly 41 million Americans own cryptocurrency […]

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IDEAYA Biosciences Rallies 14% On Positive Study Results From Its Uveal Melanoma Drug Candidate

Shares of IDEAYA Biosciences, Inc. (IDYA) are rising more than 17% Monday morning at $10.89, after the company announced positive interim results from the Phase 2 study of darovasertib and crizotinib synthetic lethal combination in metastatic uveal melanoma (MUM) patients. The company reported interim data from the study including tumor shrinkage in 89% of Any-Line MUM patients, as well as […]

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