Shares

Why Did Coinbase’s (COIN) Shares Dump 9.5% on Thursday?

Why Did Coinbase’s (COIN) Shares Dump 9.5% on Thursday?

Coinbase became arguably the most important crypto player in the US this year as numerous ETF providers, including BlackRock, chose the platform to serve as custodian to their Bitcoin exchange-traded funds. Adding the overall bull run for the entire market resulted in positive price movements for its shares, which jumped to over $250 earlier this […]

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MicroStrategy Shares Trading at an ‘Unjustifiable Premium’ to Bitcoin: Report

MicroStrategy Shares Trading at an ‘Unjustifiable Premium’ to Bitcoin: Report

Kerrisdale Capital has argued in a recent report that MicroStrategy’s shares have become overvalued. “We are long Bitcoin and short shares of MicroStrategy, a proxy for Bitcoin which trades at an unjustifiable premium to the digital asset that drives its value,” the company stated. MicroStrategy’s shares witnessed a notable 14% decline on Thursday following the

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Ark 21Shares Becomes Third Bitcoin ETF to Top $1 Billion After Big Inflow Day

Ark 21Shares Becomes Third Bitcoin ETF to Top $1 Billion After Big Inflow Day

On Feb. 9, Ark Invest reported that its ARKB ETF had crossed $1 billion in Bitcoin holdings. “This isn’t just a number – it’s a testament to the growing trust and interest in digital assets,” it stated. The milestone was also commented on by Bloomberg ETF analyst James Seyffart, who said it suggests that Ark

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Argo Blockchain Shares Plunge 8% as Bitcoin Production Slumps 20% in January

Argo Blockchain Shares Plunge 8% as Bitcoin Production Slumps 20% in January

Argo Blockchain PLC, a London-based cryptocurrency miner, announced on Monday a drop in Bitcoin production for January, resulting in a 7.81% decline in its shares. The company attributed the decrease in mining output to a 20% decline in daily production compared to December, primarily driven by a 16% drop in Bitcoin-denominated hashprice. According to the

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Ripple (XRP) CTO Shares Thoughts on Proposed XRPL Governance Changes

Ripple (XRP) CTO Shares Thoughts on Proposed XRPL Governance Changes

Ripple’s Chief Technology Officer, David Schwartz, has shown his support for the proposed governance changes within the XRP Ledger Foundation (XRPLF). The move comes in response to a comprehensive proposal by XRP Ledger developer David Fuelling, aiming to enhance transparency and decentralization within the XRPL governance systems. Open Dialogue and Community Involvement In a recent

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