Nasdaq

Why investors are not entirely sold on investing in a Bitcoin futures ETF

With two Bitcoin futures ETFs set to make market debut, let’s dive deep into the cost associated with owning these contracts. ProShares Bitcoin futures ETF is reportedly set to go live on 18 October, likely followed by Invesco’s ETF on the next day on 19 October.  We know that there are additional costs associated with an ETF. Apart from a brokerage commission, analysts are anticipating a higher expense ratio with these traded funds. As the filing by ProShares marks an annual operating expense of 0.95%, an investor will essentially spend

Bitcoin Mining Company Greenidge to List on Nasdaq Under Ticker GREE

The Greenidge bitcoin mining company will be listed on the Nasdaq stock exchange on Sept 15, according to an SEC filing.Sponsored Sponsored Greenidge, a bitcoin mining and power generation company that operates in New York, will be listed on Nasdaq on Sept 15. An SEC filing shows that the company’s shares will run under the GREE ticker, and the news follows a previous update that disclosed a merger transaction to be completed on Sept 14. Greenidge and Support.com, which is listed on Nasdaq, merged in March 2021. The closure of

This is driving Dubai’s cryptocurrency market to do ‘fantastically well’

Dubai and the larger UAE have long been touted as rising tech and innovation hubs, providing entry points into Asia and Middle Eastern markets. With exponential developmental growth in the past decades, Dubai is now considered one of the fastest-growing metropolitan areas in the world. It would then not be surprising for some to speculate that the country could also rise up as one of the leaders in the cryptocurrency space. In a recent interview, Bittrex Global CEO Stephen Stonberg opined that Dubai is well-poised to capitalize from the growing cryptocurrency

Over 25 Years of Helping People Resolve Problems, You Learn A Few Things

I have a strong belief in the value of coaching and mentoring others to help them maximize their own gifts and talents….I wrote the book to both entertain and teach the reader something about tending to others. PARADISE, Calif. (PRWEB) August 22, 2021 Author Marsha Young shares both the struggles and the rewards of 25 years in Human Resources in Tending People: Portrait of a Career in HR ($16.49, paperback, 9781662824371; $7.99, e-book, 9781662824388). Many may think of their HR representative simply as the person who handles their health insurance,

Regulations Need to Facilitate Crypto Demand, Says Brazilian Central Bank President

Central Bank of Brazil President Roberto Campos Neto believes local regulations should facilitate investors’ demand for cryptocurrencies.Sponsored Sponsored “This comes out of a need that people have for payments to be very fast, open, secure, and have transparency in every sense,” Campos Neto said on Thursday at an event organized by Council of the Americas. The Central Bank President is confident that cryptocurrencies will have as large a role to play as instant payment platforms. Order and progress Campos Neto has made a concerted effort to enhance the technological savvy

Biggest DeFi Hack in History | This Week in Crypto – Aug 16, 2021

The biggest DeFi hack in history takes an unexpected turn, Venmo introduces crypto cashback and can you guess where the Bitcoin Family hides their BTC? These stories and more this week in crypto. The Poly Network was the victim of a cyberattack from which $600 million in digital assets was stolen, making it the biggest DeFi hack in history. Poly Network called on crypto exchanges to blacklist any tokens coming from the hacker’s addresses, but in a strange turn of events, the hacker has since returned the stolen funds, claiming

Cathie Wood’s ARK Invest Snaps Up $45M in Robinhood Stock

Cathie Wood’s investment firm ARK Invest was quick off the mark to purchase 1,297,615 shares of Robinhood as the company went public on Thursday.With Robinhood's stock closing its inaugural trading session on the Nasdaq at $34.82, this makes the purchase worth more than $45.1 million. According to data disclosed by ARK Invest, this was also the company’s largest purchase of the day across all six actively managed exchange-traded funds (ETFs), with the shares going to the ARK Innovation ETF (ARKK). What is Robinhood? Robinhood is a popular trading app which

Bitcoin and Cryptocurrency Market Roundup, and the Week Ahead

Leading cryptocurrency Bitcoin is cementing its position as a mainstream macro asset. As cryptocurrency was advertised on TV screens nationwide last week, and in the pages of the Financial Times, the bitcoin adoption rush has intensified. Day trading social media mogul Dave Portnoy is dabbling in cryptocurrency, and MicroStrategy, a listed company with over $1 billion in revenue, has chosen bitcoin as a reserve asset. Even former skeptic George Ball, chairman at investment firm Sanders Morris Harris, has advised investors that Bitcoin is a safe bet. These fundamental developments have

Bullish Bitcoin Price Trend Intact Even After BTC Retests $11.4K Support

 Bitcoin (BTC) price swiftly fell to $11,322 after reaching a daily high at $11,909The drop came as U.S. jobless claims fell to $1.2 million but lawmakers inability to reach a deal on the next coronavirus stimulus package has worried some investorsDespite the pullback to the $11.4K support, Bitcoin price remains in an uptrend Crypto market daily price chart. Source: Coin360Earlier today Bitcoin (BTC) price abruptly dropped to $11,322 after topping out at $11,909.The mild correction came as U.S. jobless claims fell to 1.2 million and U.S. markets opened slightly in the

Bitfarms Streamlines Workforce As Coronavirus Threat Continues

Birfarms, a cryptocurrency mining outfit based out of Canada, would be trimming its staff. This is due to the coronavirus pandemic’s effects on its operations.The company made the decision known in an update published earlier this week, explaining that it will be making some adjustments to the coronavirus amid both its economic and social effects.Focusing on Sustainability and ProfitsVia the update, the company explained to stakeholders and community members that it had optimized its operations to maximize mining power over the past few weeks. As a result, it’s been able

VanEck: Bitcoin Correlation to Gold Jumped in 2020 Amid Market Sell-off

New York-headquartered investment management firm, VanEck has revealed in a new report that Bitcoin’s correlation to gold has risen significantly in 2020, especially during the recent broad market sell-off caused by the COVID-19 pandemic. According to the report published by Gabor Gurbacs, a Digital Asset Strategist at VanEck, Bitcoin’s correlation to gold has surged since the turn of the year and especially in recent weeks, further strengthening the debate the cryptocurrency is maturing as a safe-haven asset. Source (VanEck report) While the rest of the equity markets dipped in the