Winning Stock Plays

Coinbase has been sued by customers who allege the crypto exchange misled them about the gyen stablecoin’s stability. Buyers lost millions of dollars in matter of hours after the gyen lost its peg to the Japanese yen, the suit alleges. The crypto exchange has struggled this week after weak earnings sent its stock plunging. Loading… Continue reading Customers sue Coinbase over ‘untold millions’ of losses from a stablecoin’s loss of a yen peg

Elon Musk’s Twitter bid is now a “Friday the 13th horror show,” Wedbush’s’ Dan Ives wrote in a note. Musk tweeted Friday that his bid for the social media company was on hold. Musk later reiterated his interest and that he’s “still committed to acquisition”. Loading Something is loading. Elon Musk’s deal to take Twitter… Continue reading Elon Musk’s Twitter bid is now a ‘Friday the 13th horror show’ that will likely result in these 3 outcomes, Wedbush says

Coinbase’s junk bonds are shrinking in value as investors ditch its debt and its shares. The crypto exchange’s 10-year bonds are as cheap as Russia’s — yielding around 9.9%.  Coinbase has faced intense pressure after missing analyst estimates with its Q1 results. Loading Something is loading. Cryptocurrency exchange platform Coinbase has been hit from all… Continue reading Coinbase’s CEO assured investors this week there was no question of bankruptcy — but its junk bonds are now worth almost as little as Russia’s

Binance on Friday suspended trading in TerraUSD and luna in the wake of price implosions for the cryptocurrencies.  CEO Changpeng Zhao said an “exponential amount” of new luna coins were minted because of flaws in the design of the Terra protocol. TerraUSD traded well below its $1 peg on Friday and luna crashed to a… Continue reading Binance suspends trading of TerraUSD and Luna as CEO says he is ‘very disappointed’ with how the stablecoin creators handled the massive collapse