Markets

The Boston Fed published a long-awaited research on central bank digital currencies. The effort was in partnership with the Massachusetts Institute of Technology’s Digital Currency Initiative. In this first phase, researchers focused on concepts including cryptography, distributed systems, and blockchain technology. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. The… Continue reading The Boston Fed and MIT publish long-awaited research on central bank digital currencies

While bitcoin and ethereum dominate the headlines, there are nearly 17,000 other crypto coins.With less liquidity and more volatility, these alternative cryptocurrencies can deliver investors massive losses or gains in a short period of time.These were the five best performing cryptocurrencies over the past week, according to data from CoinMarketCap.Sign up here for our daily… Continue reading These were the 5 best performing cryptos over the past week despite bitcoin bear market

Stocktwits is launching a live trading feature for users amid the boom in retail investing. First on its list of assets offered are cryptocurrencies, in partnership with Sam Bankman Fried’s FTX. The new capability will allow users to make trades while staying on the platform. Sign up here for our daily newsletter, 10 Things Before… Continue reading Social media platform StockTwits is partnering with FTX to launch crypto trading service

A massive loss in Facebook-parent Meta’s Web3 division spurred a sell-off in metaverse stocks. Chipmaker Nvidia and gaming platform Roblox both fell in the aftermath of the earnings report. Meta wiped out more than $200 billion from its market value Thursday. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Metaverse… Continue reading Metaverse stocks Nvidia and Roblox fall as Facebook parent Meta’s Web3 business reports massive loss

Bitcoin miner Riot Blockchain is voluntarily powering down its operations ahead of a new major winter storm. Riot Blockchain is the biggest bitcoin miner in Texas and among the biggest publicly traded crypto mining firms. It initiated preparation to shut down its Whinstone facility Tuesday and will remain powered down until the extreme weather moves… Continue reading The biggest bitcoin miner in Texas is shutting down ahead of blast of winter weather in the state

AMD stock could soar by 63% to $190 each, Bank of America said Wednesday.  BofA raised the price target to a Wall Street-high as it sees AMD’s potential to capture a large share of the PC/Server CPU market.  AMD posted Q4 results and Q1 revenue outlook that surged past expectations.  AMD stock could climb by… Continue reading AMD stock could rise 63% as the chipmaker has big market share left to take in multibillion dollar market, Bank of America says

Billionaire investor Mark Cuban is the go-to influencer for NFTs, new data shows. The Shark Tank star and Dallas Mavericks’ owner owns NFTs from iconic collections like CryptoPunks. Media personality Anthony “Pomp” Pompliano was the top influencer among Gen Z, the data showed. Sign up here for our daily newsletter, 10 Things Before the Opening… Continue reading Billionaire investor Mark Cuban is the top NFT influencer while YouTube star Anthony ‘Pomp’ Pompliano leads the list for Gen Z

The Cleveland Cavaliers are launching NFT “lockers” for fans to collect and display digital tokens. Fans who attend home games in Cleveland will have access to game-exclusive NFTs.  The NFT lockers are set to “unlock” on February 6 when the Cavs play the Indiana Pacers.  Sign up here for our daily newsletter, 10 Things Before… Continue reading The Cleveland Cavaliers are launching an NFT ‘experience’ for fans of the NBA team