Improved crypto market conditions due to anticipation of spot bitcoin ETF approval helped boost earnings, the report said.
Payments Firm Nuvei’s Ties With FTX Questioned in Spruce Point Capital Report
Nuvei (NVEI) shares could face as much as 50% long-term downside in part thanks to its connection with fallen crypto exchange FTX, said Spruce Point Capital Management in a report released on Tuesday morning.
Cathie Wood’s ARK ignores Silvergate, buys Coinbase stock for 6th straight month
ARK appears unfazed by Silvergate as it increases Coinbase exposure by over 700,000 shares in 2023.
Silvergate Stock Drops Over 50% as Crypto Clients Flee Beleaguered Bank
Silvergate Bank has lost most f
Silvergate stock plunges 31% after delayed filing raises doubts over future
Crypto-friendly bank Silvergate has delayed filing its 10-K, an annual report on the financial health of the company. The news has sent its stock price down 31%.
Silvergate Loses a Bull as KBW Analyst Downgrades on Limited Visibility
Shares in the crypto-friendly lender are down about 90% over the past year.
Bitcoin’s 60% year-to-date correction looks bad, but many stocks have dropped by even more
Legacy investors often say BTC, ETH and altcoin volatility is too high to warrant a sound investment, but many major corporations have seen even larger drawdowns in their stock prices in 2022.
MicroStrategy stock MSTR hits 3-month high after CEO’s exit
Poor earnings coupled with overvalued fundamental metrics pose long-term bearish risks for MSTR.
Coinbase stock (COIN) in danger of another 60% crash by September — Here’s why
COIN could tumble to $21 in the next few months amid Coinbase’s insider trading allegations and weak technicals.
Coinbase stock has potential to double in 2022 after plunging 90% from record high
COIN stock can rally to $160 by the end of the year, a mix of technical and fundamental indicators suggest.
Bitcoin price limps under $20K as Asia extends global stocks weakness
No let-up in risk assets means Bitcoin faces more selling pressure, but hope remains that a key moving average could soon see a challenge.
Bitcoin mining company PrimeBlock to go public via $1.25B SPAC merger
The company forecasts it will generate up to $98 million in annual revenue.
Bitcoin beats owning COIN stock by 20% since Coinbase IPO
Investing directly in Bitcoin turned out to be a better bet than owning Coinbase stock since its IPO.
Cash App Launches Bitcoin and Stock Gifting Feature For The Holidays
Cash App has recently launched a new feature that would allow users to gift friends and family stock and bitcoin. The app has taken gifting to another level with this new feature that will literally allow users to gift crypto to their loved ones with this feature. The gifting feature works the same way sending money in the app does but this time around, users will be able to gift as little as $1 in stock or crypto.
Gifting Bitcoin With Cash App
The payments app had taken to Twitter to announce the new feature roll-out. It explained that users will be able to gift crypto and stock to their loved ones regardless of whether or not they owned any of it themselves. It would be akin to sending cash on the app and just as easy. The feature was to enable users to help their loved ones start their investing journey by gifting them their first stock or bitcoin.
Related Reading | Millennial Millionaires Are The Most Bullish On Crypto, Survey Finds
“With Cash App, you can now send as little as $1 in stock or bitcoin. It’s as easy as sending cash, and you don’t need to own stock or bitcoin to gift it. So this holiday season, forget the scented candles or novelty beach towel, and help your cousin start investing.”
Cash App’s new gifting feature will only be available to users in the United States. The payments app is owned by Block, formerly known as Square, which is run by ex-CEO of Twitter, Jack Dorsey. With the announcement of the rebrand, Dorsey had explained that the brand’s mission was to help the seller community, by building tools that give access to the economy.
BTC continues downtrend | Source: BTCUSD on TradingView.com
Other Companies Jumping In
Cash App is not the first to announce a bitcoin and stock gifting option to its users. Crypto exchange Coinbase had rolled out a similar feature which is currently live where users are able to gift cryptocurrencies to their family and friends. The crypto is gifted using a digital card picked out by the user that is inspired by NFT art.
Related Reading | Struggling Prices Beats Bitcoin Expectations Down From $100K To $50K
Trading app Robinhood had also recently rolled out a gifting feature. Users of the app are able to gift up to seven cryptocurrencies to their loved ones including bitcoin and ethereum, of as low as $1. This is to tap into its younger demographic of users who are more likely to gift crypto to their friends and family instead of conventional holiday gifts.
Cash App is however the first peer-to-peer payments service to offer crypto and stock gifting service to its customers. All other brands are trading platforms where users are able to trade cryptocurrencies and stocks directly. Users can choose to send crypto or bitcoin using their existing Cash App balances or using a debit card.
Featured image from Yahoo Finance, chart from TradingView.com
Elon Musk offloads $1.1B in Tesla stock
The eccentric billionaire polled his Twitter followers but already had the sale planned due to tax obligations.
Citi’s bullish Coinbase target: ‘Buy crypto’s general store’
Multinational investment bank thinks Coinbase stock is worth 30% more than its current price.
Bitcoin slides with S&P 500 as Fed signals tapering $120B monthly bond purchases
The benchmark cryptocurrency retreated alongside risk-on markets as investors shifted their exposure to the U.S. dollar.
Binance stops stock token sales, ‘effective immediately’
The crypto exchange gave no indication as to the reason, stating only that it would be shifting its “commercial focus to other product offerings.”
Nasdaq to launch options trading for Coinbase Global
Equity options for COIN stock are coming to Nasdaq today.
Coinbase insiders dump nearly $5 billion in COIN stock shortly after listing
After an edict to remain “mission focused,” Coinbase executives have succeeded in making themselves a fortune.