The price of bitcoin — now over $57,000 — has nearly doubled in the last 7 weeks. Even Elon Musk tweeted that its price seems high — though one analyst tells Bloomberg that Tesla has already made a profit of nearly $1 billion from its recent Bitcoin investment, more than it earned selling electric cars in all of 2020. Yet speaking…
Tag: stock market
Government Agencies Begin Investigating Robinhood, Reddit Over GameStop Stock
An anonymous reader quotes a report from CNET: GameStop’s stock price shot through the roof in late January thanks to traders on Reddit. Now at least two government agencies are reportedly investigating why it happened as well as what roles Reddit and trading app Robinhood played in the stock market craziness. The Department of Justice’s fraud section and the San Francisco…
AOC, Ted Cruz Slam Robinhood for Freezing Some Trades Amid GameStop Volatility
With Reddit’s interest in sending some stocks soaring showing no sign of slowing down, the trading app Robinhood started restricting some transactions Thursday morning. Reddit wasn’t happy — and neither are some lawmakers. From a report:The incident apparently struck an unusual bipartisan chord, with Texas Republican Ted Cruz throwing his weight behind progressive Democrats who called out the company. Rep. Rashida…
Intel Says Hacker Obtained Financially Sensitive Information
Intel said it was the victim of a hacker who stole financially sensitive information from its corporate website on Thursday, prompting the company to release its earnings statement ahead of schedule.ÂFrom a report: The US computer chipmaker believed an attacker had obtained advanced details about a strong earnings report it was due to publish after the stock market closed, said George…
Why you should trust reindeer to pick stocks over politicians
Reindeers that invest in the stock market, plus belly buttons on the moon and the word game that hates you, in Feedback’s weird weekly round-up Source: https://www.newscientist.com/article/mg24933162-600-why-you-should-trust-reindeer-to-pick-stocks-over-politicians/?utm_campaign=RSS%7CNSNS&utm_source=NSNS&utm_medium=RSS&utm_content=home…
Coinbase To Suspend Trading in XRP
Cryptocurrency exchange Coinbase said on Monday it would suspend trading in cryptocurrency XRP after U.S. regulators last week charged associated blockchain firm Ripple with conducting a $1.3 billion unregistered securities offering. From a report: The move by San Francisco-based Coinbase comes as the firm is preparing for a stock market listing and has confidentially applied with the U.S. Securities and Exchange…
FireEye, a Top Cybersecurity Firm, Says It Was Hacked By a Nation-State
An anonymous reader quotes a report from The New York Times : For years, the cybersecurity firm FireEye has been the first call for government agencies and companies around the world who have been hacked by the most sophisticated attackers, or fear they might be. Now it looks like the hackers — in this case, evidence points to Russia’s intelligence agencies…
Is Bitcoin’s Growth Driven By Speculative Investors?
“Bitcoin is now trading near $18,000, up almost 100% in six months,” notes Bloomberg columnist Lionel Laurent, “and it’s flirting with an all-time high reached in 2017 (which, given it was followed by an ugly crash, faithful Bitcoiners would rather forget)…” . But what exacty does that mean? He challenges the notion that Bitcoin is the new wealth-protecting investment like gold,…
Tesla To Be Added To S&P 500 Index
Tesla is officially going to join the S&P500, sending its stock price soaring as much as 12% — adding over $40 billion in market capitalization to the automaker. Electrek reports: The S&P 500, or simply the S&P, is a stock market index that measures the stock performance of 500 large companies listed on stock exchanges in the United States. It is…
How One Piece of Hardware Took Down a $6 Trillion Stock Market
An anonymous reader quotes a report from Bloomberg on how a data storage and distribution device brought down Tokyo’s $6 trillion stock market: At 7:04 a.m. on an autumn Thursday in Tokyo, the stewards of the world’s third-largest equity market realized they had a problem. A data device critical to the Tokyo Stock Exchange’s trading system had malfunctioned, and the automatic…