Markets

While Elon Musk has a history of influencing the stock market, his record in helping to pump the price of digital currencies such as Dogecoin (DOGE) cannot go unnoticed.David Einhorn has accused Elon Musk, the CEO of Tesla Inc (NASDAQ: TSLA), and venture capitalist Chamath Palihapitiya of adding the real “Jet Fuel” to the fire during the GameStop Corp (NYSE: GME) short squeeze saga involving retail investors and hedge funds earlier this year. GameStop SagaEinhorn, the manager of Greenlight...

Apart from mobile gaming, AppLovin has built its position in the market by developing marketing software for app developers to help them promote their products.It certainly wasn’t a great start on Wall Street for mobile gaming company AppLovin Corp (NASDAQ: APP). On Thursday, April 15, as the company debuted on Wall Street, APP shares closed 18.5% down. With the APP shares closing price of $65.20, the company’s market cap stood at around $23 billion.AppLovin Performance that Affects APP...

Earlier this week, Branson sold 5,584,000 shares of his company between April 12 and 14. According to SEC filing, the shares were worth approximately $150.3 million. Virgin Galactic Holdings Inc (NYSE: SPCE) stock closed yesterday trading at $23.06, down more than 13%. As a result of the continued decline, all the gains that accumulated in the past 12 months have been wiped out. Yesterday’s dip was attributed to news that Richard Branson, the company’s founder dumped more stocks to the...

Notre e-meetup d’avril 2021 est planifié pour le mercredi 28 à 19h00 et vous sera comme d’habitude délivré sur la plateforme de réseau social Discord en suivant le lien bien connu de Becrypto : https://discord.gg/zzfJDMA A l’initiative de Bitcoin Liège et de Crypto-monnaies Bruxelles Premier thème : état du marché des cryptos Cara, aka Cédric – trader dont la valeur n’a pas attendu les...

While a lot of automakers are making their debut in the green electric vehicle space, the aim of Daimler is to snatch a sizeable market share from Tesla that is a market leader.German multinational automotive company Daimler AG (ETR: DAI) has unveiled its new 2022 Mercedes-Benz EQS electric vehicle, marking its foray into the growing EV industry. As reported by CNBC, the EQS will be a part of the automaker’s large S-Class car family when it arrives in U.S. showrooms in the fall.The product...

Having adopted the largest digital asset, Bitcoin, PayPal can expect PYPL stock to rally alongside the ongoing crypto bull market.PayPal Holdings Inc (NASDAQ: PYPL) stock continued with its meteoric rise on Thursday after closing the day trading at $274, up 2.54%. PayPal stock added over 144.97% last year, thanks to the increased adoption of digital payments around the world. Besides, the payment giant announced plans to incorporate the crypto industry led by Bitcoin in its platform.PayPal...

This week was quite bullish for the entire cryptocurrency market. Bitcoin charted a fresh all-time high and so did a lot of other cryptocurrencies. Altcoin season is booming as the BTC dominance continues to decline. Bitcoin Bitcoin saw a 4.2% price hike this week as the coin currency sits at around $60,500. BTC had surged higher throughout the week and set a new ATH at around $65,000 on Wednesday. Unfortunately, it could not close a daily candle above resistance at $63,766...

Binance announced the completion of the 15th BNB burn earlier today of just shy of 1.1 million tokens. Although the amount in coins has substantially declined compared to the past several such events, it set a record in terms of USD with almost $600 million.  The announcement from the Malta-based cryptocurrency exchange from earlier today reads that the company has completed the 15th quarterly BNB token burn “in accordance to the Binance whitepaper.”  The amount of coins...

Cathie Wood’s Ark funds has purchased a total of $352 million worth of Coinbase shares, two days after making its debut on the Nasdaq stock exchange under the ticker, COIN.  Ark Funds’ COIN Acquisition Spree Citing data received by email, Bloomberg reports today that Wood’s funds, including the Ark Innovation ETF, Ark Fintech Innovation ETF, and Ark Next Generation ETF together added 341,186 COIN to their holdings yesterday.  This is the second investment in a roll that...

There are no boring days in crypto. Today, the popular meme coin DOGE skyrocketed to new a new ATH at $0.3. With its mind-blowing surge, Dogecoin became the eighth largest crypto by market cap and surpassed giants like Motorola and Delta Airlines by that metric.  Dogecoin has always been able to grab people’s attention, and the past week or so is no exception.   DOGE traded at $0.06 on April 10th but, and there’s no other word to explain this better, exploded in value in the...