Bitcoin recovers after black and blue Friday for financial markets November 29, 2021 The cryptocurrency markets are currently in recovery mode after Friday’s crash saw the Bitcoin price fall to $53k.
If China’s interfering with hash rate and mining pools, then Bitcoin just proved its resilience November 26, 2021 Jason Deane gathers his thoughts of the week as fingers point towards China's continued disdain for crypto
Rivian: America’s next top model? November 26, 2021 In 2020, despite a global pandemic making it more difficult for anybody that wanted to grab a beer at the end of a long work-day, Anheuser-Busch – the makers of Budweiser and a whole range of other alcoholic drinks – brought home revenues of a cool $46bn. Listed in New York, its market cap stands [...]
Crypto markets inch up from horizontal support November 25, 2021 Bitcoin has inched up this morning, springing back over $58,000 for the first time since Monday.
Dan Loeb’s Third Point rakes in $300m profit from Rivian IPO November 24, 2021 Dan Loeb’s hedge fund Third Point was one of several winners from electric vehicle startup Rivian’s blockbuster US IPO earlier this month, scoring a $300m profit as it hit the market. Third Point’s stake in Rivian, whose $100bn IPO was the biggest market debut in the world this year, was accumulated over the last twelve [...]
Volkswagen committee still uncertain over chief executive’s future following row with unions November 24, 2021 The member of Volkswagen’s (VW) executive committee have yet to make a decision regarding the future of chief executive Herbert Diess, following clashes with union representative over his management style. “This topic is so hot, it is on a knife-edge,” a source told Reuters. “I can’t say anything further.” Diess has been at the centre [...]
Flat day in the markets brightened by Elon and CZ’s crypto handbags at dawn November 24, 2021 After inching closer to the $58,000 mark late Tuesday, Bitcoin’s value has slid down again to just below $57,000 and is roughly breaking even over the last 24 hours.
Musk offloads another $1.05bn crossing the halfway mark November 24, 2021 Tesla’s chief executive Elon Musk has sold another 934,091 shares for $1.05bn, crossing the halfway point in his plan to offload 10 per cent of his stake in the company US securities filings from late last night showed that Musk carried out the sale after exercising options to buy 2.15 million shares. Since 6 November [...]
Elon Musk and Binance’s CZ get into Twitter argument November 23, 2021 A Twitter spat between two of the most prominent people in crypto has turned into a war of words.
Bitcoin echoes gold as US economy strengthens November 23, 2021 The Bitcoin price again dipped below $56,000 yesterday, as its pullback from recent all-time highs continues.