Shares of Prudential Bancorp, Inc. (PBIP) are rising more than 18% Wednesday morning after the company agreed to combine with Fulton Financial Corporation (FULT) in a stock and cash transaction. As per the deal, Prudential shareholders will receive Fulton stock based on a fixed exchange ratio of 0.7974 Fulton shares and $3.65 in cash for each Prudential share they own, […]

Shares of online marketplace for luxury design products 1stdibs.Com, Inc. (DIBS) are falling more than 21% in the morning trade on Wednesday following fourth quarter results. Net loss for the quarter widened to $8.1 million from net loss of $1.6 million in the same quarter a year ago. Loss per share narrowed to $0.21 per share compared with loss of […]

Cryptocurrencies lost momentum amidst fresh turbulence in the financial markets as crude oil scaled fresh multi-year highs and Dollar Index touched a 52-week high. Crypto market capitalization ranged between $1.97 trillion and $1.91 trillion in the past 24 hours and is currently at $1.92 trillion, implying a decline of more than 2 percent during the 24-hour span. Crude surged in […]

The world’s leading financial derivatives marketplace has launched two new products to help Bitcoin and Ethereum efficiently hedge market-moving events. On Tuesday (March 1), CME Group announced that “it plans to launch options on Micro Bitcoin and Micro Ether futures on March 28, pending regulatory review.” According to CME’s press release, these new Micro Bitcoin and Micro Ether options contracts will be “one-tenth […]

More on Wrapped BTC and its Reserves At the time of writing, the WBTC custodian currently has reserves worth 260,965.5178 BTC. The funds are distributed in roughly 264 addresses with each holding not more than 2,200 BTC. The Bitcoin is in turn used to back 262,162.3169 Wrapped BTC on the Ethereum network. The WBTC custodian is also responsible for an additional […]

Shares of PubMatic, Inc. (PUBM) are down more than 10% in the morning trade on Tuesday after the company’s first-quarter revenue outlook comes below analysts’ view. However, the company’s fourth-quarter results beat consensus estimates. PubMatic sees revenue to be in the range of $53 million to $55 million in the first quarter. This compares with the average estimate of analysts […]

Bitcoin ($BTC) whales have seemingly been buying the cryptocurrency’s price dip shortly after its price bottomed out around the $34,700 mark last Thursday after Russian President Vladimir Putin announced a “special military operation” against Ukraine in what is now seen as a full-scale invasion of the country. According to cryptocurrency analytics firm Santiment, after BTC’s price crashed on Russia’s military […]

Crypto markets remained wary as financial markets across the globe continued to be swayed by developments following last week’s Russian invasion of Ukraine. Market movements now also factor in the impact of the retaliatory sanctions and restrictions imposed on Russia post the invasion. Crypto market capitalization is at $1.72 trillion versus the low of $1.56 trillion touched after the Russian […]

Michael Saylor claims Bitcoin can stifle incidents of cyber attacks. He claims that this will be possible because of Bitcoin’s nature as it revolves around energy. Bitcoin trades at under $40,000 amid the tensions in Eastern Europe. Bitcoin bull, Michael Saylor thinks that Bitcoin might be the answer against DDoS and other cyber attacks. He goes on to claim that […]