Market analysts at K33 Research are cautioning that the potential return of over $9 billion worth of Bitcoin from the Mt. Gox era could have a negative impact on the cryptocurrency's price.
Ibotta’s IPO opens sharply higher, hinting at warming public-market interest in tech shares
Ibotta began its path as a public company on Thursday by opening at $117 per share, a big increase from its IPO price of $88, itself an increase from its proposed range of $76 to $84 per share.
Ibotta IPO Reportedly Raises $577 Million—Above Marketed Range
Ibotta and shareholders sold 6.56 million shares for $88 each, Bloomberg reported, exceeding the company’s estimated IPO price, which was put between $76 and $84. Selling the shares for $88 each ...
Japan’s Nikkei closes above 38,000 points as tech shares soar
Japan's Nikkei share average locked in a third consecutive day of gains on Wednesday, tracking Wall Street higher to break above 38,000 points as investors continued to snap up tech-related shares. The Nikkei finished up 2.
‘Chaotic era’ for Asian currencies: Bank of America is not bullish on any of them
The Bank of America is not bullish no any currency in Asia, leading the investment bank to deem the start of a “chaotic era” for these currencies.
Japan’s 10-year bond yield hits 5-month high ahead of BOJ meeting
Japan's 10-year government bond (JGB) yield hit a five-month high on Wednesday as the market braced for any signals of another rate hike at the Bank of Japan's (BOJ) policy meeting this week. The ...
Mt. Gox’s $9B overhang could ‘spook the market,’ pressure Bitcoin: K33
The potential release of Mt. Gox Bitcoin could put negative pressure on BTC over the next month, K33 Research analysts warn.
Nikkei May Rise as Hopes Continue for Earnings Growth
Japanese stocks may rise as hopes continue for earnings growth and concerns recede about a further escalation in tensions in the Middle East.
After bitcoin, ethereum, what crypto will get an ETF boost from Wall Street?
Melker reinforced this perspective by explaining the necessity of a regulated market infrastructure, similar to what exists for bitcoin, to support ETF approvals for other altcoins. He underscored the ...
Kryotech launches Vox Pay to simplify crypto on- and off-ramps
This was the focal point of a recent discussion led by Roundtable anchor Rob Nelson, who expressed concerns about the existing barriers that prevent smooth transactions on crypto platforms like ...
Demystifying Crypto: A Personal Journey Into the World of Digital Currency
Unlike traditional banks, where the institution handles account security, cryptocurrency places the onus of safeguarding digital assets squarely on the user's shoulders. This might seem daunting at ...
Crypto industry groups sue in Texas to challenge SEC’s ‘dealer’ rule
Two crypto industry trade associations on Tuesday sued the U.S. Securities and Exchange Commission to block a new rule that expanded the regulator's interpretation of what it deems a "dealer" of ...
Japan’s Sumitomo plans $1.3 billion renewable power storage network, Nikkei reports
opens new tab is planning to invest 200 billion yen ($1.29 billion) to build battery facilities in Japan for storing excess power generated by wind or solar farms, the Nikkei reported on Wednesday. Under the plan, Sumitomo intends to set up more facilities ...
Japan Post Bank system glitch delays 1.2 million transfers
Japan Post Bank Co. said Tuesday that a nationwide system failure has caused delays in receiving nearly 1.2 million money transfers from other banks. The bank said the system failure began at 8:40 a.m ...
Merging Web2 & Web3 Payments Will Catalyze Mainstream Crypto Adoption
An opinion piece by Juan Otero, CEO of Travala, a global crypto-native travel booking service. Juan argues that despite the growing prominence of digital assets their real-world utility remains mostly ...
‘Huge Disaster’—Congress Just Introduced A Game-Changing Bill That Could Blow Up The Bitcoin Price And Crypto Market
The bill, the latest in a series of attempts to get stablecoin legislation through Congress, would see issuing companies required to hold one-to-one ...