Bitcoin on Wednesday was on track to notch its fifth consecutive win. Bespoke said bitcoin was breaking a downtrend this week by closing above its 50-day moving average for the first time since November. The digital currency has leapt 20% over the past seven sessions. Loading Something is loading. Bitcoin’s sharp rebound in recent sessions… Continue reading Bitcoin’s 20% rise in the last week suggests momentum is building towards a sustained period of gains, research firm says
Rumble SPAC plummets 19% after Joe Rogan’s loyalty to Spotify dashes hope for $100 million podcast deal
CF Acquisition plunged as much as 19% on Wednesday after Joe Rogan expressed his loyalty to Spotify.Rumble, a video-sharing platform that plans to merge with the CF Acquisition SPAC, offered Rogan a $100 million podcast deal.Rogan has come under fire in recent weeks for spreading COVID misinformation in his podcast. Loading Something is loading. CF… Continue reading Rumble SPAC plummets 19% after Joe Rogan’s loyalty to Spotify dashes hope for $100 million podcast deal
Berkshire Hathaway and Adidas check every box as a potential Peloton buyer, according to the activist firm that pushed for CEO’s resignation
Blackwells Capital sees Berkshire Hathaway and Adidas among potential buyers of Peloton. In a 65-page presentation, Blackwells named 19 potential acquirers for the fitness company. Blackwells, which has a 5% stake in Peloton, published the presentation on February 7. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. The activist investment… Continue reading Berkshire Hathaway and Adidas check every box as a potential Peloton buyer, according to the activist firm that pushed for CEO’s resignation
US stocks rise as investors digest more 4th-quarter earnings and await key inflation data
US stocks closed higher Tuesday as investors digested the continued strength of corporate earnings. Fourth-quarter consensus EPS is tracking 6% above where it stood on January 1, higher than the historical average beat of 2.5%. Ahead, investors are anticipating the January CPI data Thursday. Economists are expecting a 7.3% surge in prices. Sign up here… Continue reading US stocks rise as investors digest more 4th-quarter earnings and await key inflation data
Celebrities are buying into emoji-identifiers called Yats — and the creator has raked in $20 million
The crypto world is buying up new emoji-identifiers called Yats. Creator Yat Labs has raked in $20 million since launching last year, the Wall Street Journal said. The most expensive Yats are single and double emojis, with the priciest one — a golden key — selling for $425,000. Sign up here for our daily newsletter,… Continue reading Celebrities are buying into emoji-identifiers called Yats — and the creator has raked in $20 million
KPMG Canada is adding bitcoin and ether to its balance sheet as crypto moves further towards the mainstream
KPMG in Canada has added bitcoin and ether to its corporate treasury as digital assets further enter the mainstream. The move marked the accounting giant’s first direct investment in cryptocurrencies. “Cryptoassets are a maturing asset class,” a Canadian managing partner said. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. KPMG… Continue reading KPMG Canada is adding bitcoin and ether to its balance sheet as crypto moves further towards the mainstream
A ‘waterfall decline’ in the stock market suggests a violent February rally could lead to record highs this year, Fundstrat says
US stocks are due for a “violent” rally in February that could lead to new record highs by the middle of the year, according to Fundstrat.Fundstrat’s Tom Lee believes a lot of bad news is already priced in the stock market.”When markets are this fragile and nervous, the probability for positive surprise is higher,” Lee… Continue reading A ‘waterfall decline’ in the stock market suggests a violent February rally could lead to record highs this year, Fundstrat says
This NFT marketplace CEO explains why he bought a $1.2 million plot of metaverse land as the ‘first digital gentrification’ ramps up
Portion CEO Jason Rosenstein told Insider about his company’s acquisition of a $1.2 million plot in Decentraland. The virtual real estate includes an entire district that is close to a road with heavy foot traffic. He said the current metaverse land boom is the “first digital gentrification” in history. Sign up here for our daily… Continue reading This NFT marketplace CEO explains why he bought a $1.2 million plot of metaverse land as the ‘first digital gentrification’ ramps up
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