Brazil’s main stock exchange B3 will begin offering six new derivatives contracts on April 27 that allow investors to bet on the likelihood of future events, ranging from the price of bitcoin to movements in the dollar and Ibovespa index. The instruments, called Event Contracts,… Read More
Bitcoin’s BTC$66,834.80 recent tendency to move in step with U.S. equities does not erase its value as a portfolio diversifier. That’s according to financial services and infrastructure firm NYDIG. In a weekly market note, Greg Cipolaro, the company’s global head of research, said correlations between… Read More
Bitcoin BTC$66,227.89 pulled back from Asian session highs alongside losses in the U.S. stock futures as Iran stepped up attacks in the Middle East, reportedly hitting an oil refinery in Saudi Arabia. The leading cryptocurrency fell back below $66,000 after hitting a high of nearly… Read More
Leading bitcoin BTC$66,524.15 treasury company Strategy has again raised the dividend on its STRC (“Stretch”) preferred series. Led by Executive Chairman Michael Saylor, the firm lifted the annualized payout by 25 basis points to 11.5%. While STRC to this point has performed as hoped by… Read More
Elon Musk’s social media platform X is set to soon let users trade stocks and cryptocurrencies directly from their timelines as the company pushes deeper into financial services. The upcoming features, described by the company’s head of product, Nikita Bier, will include “Smart Cashtags.” These… Read More
With crypto winter clearly having set in, bulls are now left looking for signs that the bearishness has become so embedded that a bottom might form. One case in point might be a note from Canaccord’s Joseph Vafi on Wednesday, slashing his price target on… Read More
