Cryptocurrency Analysis and News Portal
As per reports, eToro will be working with Goldman Sachs for going public. The reported plan of IPO comes after the platform registered phenomenal growth in 2020.Israel-based crypto trading platform and multi-asset trading firm eToro is reportedly mulling for a $5 IPO in Q2 2021. Local news publication Calcalist was
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Publicly traded mining company Hive Blockchain (HVBTF) reported a Q2 profit even as the firm continued its “big spend” on upgrading its mining facilities. Hive took in $13 million in quarterly mining revenue, according to its Q2 earnings report Tuesday, 8% up from the year-ago period’s $12 million.The company posted a
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Macy’s stock rallied some 2.75% by midday Wednesday, only to pull back to 1% below the day’s opening price. At issue is stronger-than-expected online sales, but massive losses in the second quarter as the pandemic raged. Macy’s has to address a fundamental weakness in its competencies: Online should not be less profitable
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Mining equipment manufacturer Canaan Creative reported a 2Q net loss of $2.38 million, or 10 cents a share, less than half the size of Q1’s $5.64 million loss, or 24 cents A replay of the company’s conference call will be accessible through Sept. 8 by dialing the following numbers: International: +61-2-8199-0299United
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iPhone sales dropped by 0.4% year-over-year, while Samsung, Huawei, and other top brands recorded 5.8% to 27.8% drops. A stock split, expectations of a “supercycle,” and thriving iPhone sales could raise the chances of Apple reaching $3 trillion. The more affordable iPhone SE sees growing popularity in Asia, buoying investor sentiment around
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After four months of a downtrend, Citi Private Bank’s strategists say global activity rebound is “extremely sharp, V-shaped in fact.” Weekly indicators show a clear rebound in corporate revenues, which means the stock market likely bottomed out in Q2. Rising liquidity, strengthening economy, and growing business productivity could catalyze stocks in the
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Castle Rock, Colo.-based cryptocurrency miner Riot Blockchain reported earnings for the June quarter Monday, noting a decrease in mining revenue from a year ago. Update (August 11, 19:56 UTC): This article has been updated to reflect 227 bitcoins mined in the Q2, not 508 as was previously reported. Current mining capacity was
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In brief:With the first half of 2020 almost coming to an end, Bitcoin looks set to close of Q2 of 2020 on a high note. BTC is once again above the crucial $9,300 support zone as bulls attempt to take control of the price. One scenario could see Bitcoin attempt to break
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[sociallocker id="55298"] Bitcoin (BTC) derivatives interest is putting in “fast” growth this quarter — and CME Group is leading the way for options, new data shows.According to monitoring resource Skew, the past weeks have seen CME dramatically increase its share of open interest for Bitcoin options. CME market dominance on the
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In brief:June 1st has found Bitcoin valued at $9,550.Its current value is a gain of 50% from its April 1st value of $6,300. Bitcoin has officially recovered from the Coronavirus crash of mid-March. All eyes are on $10,000 as we usher in a new month. When Bitcoin dropped from $9,100 to $3,700 in
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