Institutional investors are taking advantage of the “extreme price weakness” being seen in the cryptocurrency space after the collapse of the popular cryptocurrency exchange FTX and its sister company Alameda Research. According to CoinShares’ Digital Asset Fund Flows report, cryptocurrency investment products have seen their largest inflows in 14 weeks last week, totaling $42 million. The inflows, the firm wrote, […]

On Sunday (13 November 2022), Nayib Bukele, the president of central American nation El Salvador, commented on Bitcoin in the context of the recent collapse of the FTX empire. The FTX Debacle As you probably know, on 10 November 2022, SBF took to Twitter to talk about how he had “f*ucked up” at FTX International: FTX issued the following press […]

Peter Schiff, the chief market strategist of Euro Pacific Asset Management, has hit out at the benchmark cryptocurrency Bitcoin (BTC), stating that it will never again reach its Nov. 2021 all-time high (ATH) price of $69,000. In a tweet, the long-time Bitcoin sceptic gave the reason for his claim that the surge to $69,000 was a fraud facilitated by unprecedented […]

Crypto markets plunged to $839 billion following announcement that the FTX Group of companies was commencing voluntary Chapter 11 proceedings in the United States. Sam Bankman-Fried has resigned his role as CEO and John. J. Ray has been appointed in his place. Developments linked to the FTX debacle continued to dominate headlines in crypto world amidst reports that the beleaguered […]

Shares of Doximity, Inc. (DOCS), a digital platform for U.S. medical professionals, are rising more than 21% Friday morning after reporting better-than-expected second-quarter earnings and on the news of share buyback. Additionally, the company’s Board authorized a share buyback of up to $70 million. Profit for the second quarter was $26.3 million or $0.12 per share compared with $36.1 million […]

The unprecedented chaos and carnage in the cryptocurrency market that emanated with the FTX fiasco abated following the release of CPI numbers from the U.S. The higher-than-expected fall in the inflation readings is expected to goad the Fed into toning down its aggressive monetary policy stance and slow or pause on the rate hikes, a measure seen as a positive […]

Shares of video game developer Roblox Corporation (RBLX) are falling more than 8% Wednesday morning after the company’s third-quarter results missed analysts’ view. Loss in the third quarter widened to $297.8 million or $0.50 per share from $74 million or $0.13 per share in the same quarter a year ago. Quarterly revenue increased 2% year-on-year to $517.7 million. Analysts on […]

Shares of Daqo New Energy Corp. (DQ), monocrystalline silicon and polysilicon manufacturer, are rising more than 9% after the company said its Xinjiang Daqo and Inner Mongolia Daqo had signed a five-year high-purity polysilicon supply agreement with a leading solar manufacturing company in China. As per the deal, Xinjiang Daqo and Inner Mongolia Daqo will provide this leading manufacturing company […]

Vijay Ayyar, VP of Corporate Development & International at crypto exchange Luno, which is an independently operating subsidiary of Digital Currency Group, recently talked about Bitcoin’s “boring” price action and why it might not be a bad thing. Data from TradingView shows that for the past couple of months the Bitcoin price has been hovering around the $20,000 level, which […]