We’ve got an early reminder for you — and it’s one you might not want to miss. The next Bitcoin halving is coming in almost exactly a year (~Apr. 19 as of writing) — an event that’s historically had major implications on the price of $BTC. The exact date will change as we approach spring…
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Major Shanghai Upgrade is Coming to The Second-Largest Crypto, Ethereum
The world’s second-largest crypto by market cap, Ethereum ($ETH), is flirting around the $1.9K level — its highest level in nearly 8 months. The token is up ~91% since last June (with lots of volatility along the way). It’s managed to survive several crypto implosions, the collapse of FTX and March’s banking crisis. The next…
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What Does The Largest US Crypto Bank’s Collapse Mean for Crypto?
Silvergate Capital is shutting down. The bank for crypto companies is returning deposits to customers and ceasing operations. Here’s Margot Robbie breaking down what happened: In January, Silvergate was forced to sell assets to cover customer withdrawals — totaling over $8B. Goes to show — nothing is truly safe in crypto. Not even the largest…
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Crypto Hodlers Change Their Investing Mentality
The crypto winter may have hurt people’s perceptions of the asset — but there’s no shortage of believers. According to a Philadelphia Fed survey, 39% of crypto owners say they’ll likely buy more. This may stem from their disbelief in being able to “make it” off their salaries and traditional assets alone. Per WSJ, many…
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Bitcoin miners face bankruptcy as debt collectors come knocking
Core Scientific (NASDAQ:CORZ) is one of the world’s largest crypto miners. They may soon also become the world’s largest Bitcoin miner to file for bankruptcy. Core Scientific went public last year at a $4.3B valuation — trading as high as $15. Yesterday’s closing price: $0.20 (down 98%). They’ve got 24 Bitcoins (~$500K) and $26M left…
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Coinbase inks partnership with the world’s largest money manager
Yesterday, Coinbase (NASDAQ:COIN) announced a partnership with the world’s largest money manager BlackRock — which will let BlackRock clients manage and trade Bitcoin through Coinbase. $COIN jumped 10% from the news — following a major 79% rally since July alongside crypto prices. But before investors chase the rally thinking Coinbase has bottomed, there are a…
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Silvergate stock maintains growth despite a weak crypto market
Silvergate Capital (NYSE:SI) — the bank for crypto — jumped 22% after reporting strong earnings. What’s the big deal? Despite bankruptcies and weak crypto prices, Silvergate stayed strong in 2022. Unlike exchange Coinbase — whose earnings rapidly deteriorated during the crypto crash — Silvergate doesn’t directly rely on retail trading activity. Silvergate provides banking services…
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Voyager Digital falls victim to crypto collapse, analysts downgrade its stock
The past few weeks have been all about crypto blowups — First Terra Luna, then Celsius, followed by Three Arrows Capital (3AC). This week, another company is in the hot seat. Toronto-based crypto brokerage Voyager Digital (TSE:VOYG) fell over 50% after revealing a ~$650M loan to 3AC — which Voyager might not get back. Crypto…
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Coinbase’s NFT marketplace flops; what investors can expect going into earnings
Coinbase doesn’t deserve an exclamation point on its birthday — not after the horrid returns it delivered since going public. Next week on May 10, Coinbase is expected to report its first-quarter earnings report. Here’s what investors can expect. Coinbase’s NFT marketplace flops At a conference this week, the CEO of Coinbase, Brian Armstrong, gave…
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Binance.US signals incoming IPO with funding round
Bleeding Robinhood isn’t going to like this news. Binance.US — a sibling company of Binance.com (international) — raised a major funding round, accelerating its US growth with plans to go public: Raised $200M at a valuation of $4.5B. Targeting an IPO within 2-3 years. Plans for new products and services. But don’t mistake Binance.US for…
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