The ProShares Bitcoin Strategy ETF began trading at $40 a share under the ticker symbol “BITO” and quickly rose about 3%. The ProShares fund is…
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Tag: investing
How America ruined Christmas
Although the pandemic lit the match, the United States has been setting up this bonfire of supply chain failures for years. The government has drastically…
View More How America ruined Christmas
Bitcoin plummets after China intensifies cryptocurrency crackdown
Chinese government agencies including the country’s securities regulator and the People’s Bank of China (PBOC) said in a statement on Friday that all cryptocurrency-related business…
View More Bitcoin plummets after China intensifies cryptocurrency crackdown
Bitcoin plummets as global selloff continues
The digital currency has dropped 5.7% in the last 24 hours, and was trading at $42,955 per coin as of 2:43 am ET on Tuesday,…
View More Bitcoin plummets as global selloff continues
5 things to know about Evergrande, the Chinese giant in crisis
Here’s what you need to know about Evergrande, and how it got to where it is now. Listed in Hong Kong and based in the…
View More 5 things to know about Evergrande, the Chinese giant in crisis
Chinese property giant Evergrande warns again that it could default on its enormous debts
The embattled Chinese property giant has already warned in recent weeks of its cash crisis, listing $300 billion in total liabilities and saying that it…
View More Chinese property giant Evergrande warns again that it could default on its enormous debts
Bitcoin drops below $43,000 on El Salvador’s first day using it
The drop comes after El Salvador made good on a plan announced in June and adopted the cryptocurrency as legal tender, making it the first…
View More Bitcoin drops below $43,000 on El Salvador’s first day using it
Tesla sales cratered in China, but investors don’t seem to mind
The China Passenger Car Association reported that Tesla’s sales in China fell to 8,621 cars in July, down nearly 70% from June. But the export…
View More Tesla sales cratered in China, but investors don’t seem to mind
Bitcoin ticks back up to $34,000 after a dizzying 48 hours
The digital currency has jumped 5.4% over the last 24 hours, reaching $34,368 per coin, according to CoinDesk. The cryptocurrency has lost almost half its…
View More Bitcoin ticks back up to $34,000 after a dizzying 48 hours
Bitcoin keeps falling as China ramps up the pressure on cryptos even more
Bitcoin plunged 10% to as low as $31,179 per coin, the lowest level since January, according to Coindesk. It recovered a little bit and was…
View More Bitcoin keeps falling as China ramps up the pressure on cryptos even more
Lordstown executives sold millions of dollars in stock before problems became public
Regulatory filings show five Lordstown executives, including its former chief financial officer and its current president, sold more than $8 million in stock in early…
View More Lordstown executives sold millions of dollars in stock before problems became public
American investors are trying to buy a UK supermarket. Here’s why
Morrisons confirmed over the weekend that New York-headquartered Clayton, Dubilier & Rice last week made an unsolicited offer of £2.30 ($3.19) per share in cash…
View More American investors are trying to buy a UK supermarket. Here’s why