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Check out the companies that made headlines in midday trading: Tesla — The electric car maker’s stock fell more than 7% after its robotaxi event left investors underwhelmed. Morgan Stanley analysts said the event “disappointed overall, with a lack of detail in several areas, including how the company will compete with ride-sharing companies like Lyft and Uber.” ” he pointed out. The stock prices of these names skyrocketed after the event, with both rising about 10%. Wells Fargo — Shares rose 6% after the San Francisco-based lender reported better-than-expected profits. Adjusted earnings for the third quarter were $1.52 per share,…
A noted cryptocurrency strategist is issuing a warning about Bitcoin (BTC) after the flagship digital asset fell below the $60,000 mark on Thursday. Anonymous analyst Credible Crypto told his 424,500 followers on social media platform spoke. “To all the people screaming at me for warning of high prices (again), you better hope $58,000 to $59,000 holds, or bit It will become a nuclear city for Coinbaby.” The same analyst is also bearish on Bitcoin in the short term. He suggests that the top digital asset by market cap could hold support in the low $50,000 range, then rebound to the…
Briefly: Ithaca is developing Odyssey, a layer 2 network that it calls a blockchain “from the future.” The layer 2 blockchain built with Reth and OP stack is currently live on the testnet. Paradigm announced Friday that it has invested $20 million in the spinoff. Paradigm has invested $20 million in Ithaca, a Web3 startup spun off from a Web3-focused venture capital firm. Ithaca is building a new layer 2 network odyssey called blockchain “from the future.” Built on Reth, the OP stack is currently live on the testnet, according to Friday’s announcement. The company announced that Georgios Konstantopoulos, Paradigm’s…
In a recent interview, attorney James Murphy, also known as “MetaLawMan,” discussed some key developments in the ongoing Ripple vs. SEC case. His insights include the mutual appeal of blockchain companies, the potential of an XRP ETF, the impact of upcoming elections on the crypto regulatory space, and more. Murphy’s take on the Ripple vs. SEC case Murphy began by mentioning the SEC’s appeal of Judge Torres’ ruling that declared Ripple’s sale of XRP on an exchange not to be a securities transaction. The decision was a major blow to the SEC, which had hoped to classify these transactions as…
Tesla (TSLA) stock fell more than 7% midday Friday as investors expressed disappointment with the company’s robotaxi debut.After Thursday night’s “We, Robot” event aimed at cementing CEO Elon Musk’s position as an AI leader, investors and analysts expressed their belief in Tesla’s lofty take on the future of self-driving taxis. I felt more skepticism than excitement about the vision.In a note to investors Friday morning, Jefferies (JEF) analysts called Tesla’s $30,000 robotaxi, called CyberCab, a “toothless taxi” and said Tesla has “ambitious goals.” “, but there is “little evidence of its feasibility,” he added.“We believe TSLA is potentially underestimating the…
Important points MicroStrategy shares rose 10% after the company revealed plans to become a Bitcoin bank. Saylor envisions MicroStrategy as a leading Bitcoin bank that leverages Bitcoin’s growth to dominate the market. Share this article MSTR (MicroStrategy) stock hit a high of $205 on Friday morning and has risen more than 10% in the past 24 hours, largely due to the company’s bid to position itself as a Bitcoin bank, according to Yahoo Finance data. It is said to be driven by an ambitious strategy. This is the highest price for MSTR stock since March 2020, when it hit an…
Strengthen your portfolio and end the year on a high note On Thursday, October 17th at 2:00 pm ET, a panel of investment experts will share business insights and practical investment advice across the financial and crypto space, giving a nuanced look at the future of the economy post-election. This will help you gain a better understanding. Please join us. Watch and learn now: Where to invest and which funds to buy Why October is historically a positive month for cryptocurrencies and what to expect for Bitcoin, Ethereum and other major assets as the year ends How to diversify and…
Crypto-friendly Sen. Bill Hagerty has introduced a draft bill to create a regulatory framework for stablecoins, a move that could reshape the entire crypto industry. The Tennessee Republican’s proposal is part of the Payment Clarity Stablecoin Act, currently being considered in the House by Rep. Patrick McHenry (R.N.C.) and Rep. Maxine Waters (D-Calif.) resemble. In a statement Thursday, Hagerty said his draft plan aims to bring much-needed clarity to stablecoin regulation. Hagerty, a member of the Senate Banking Committee, organized a draft bill that would split up federal oversight of stablecoins. Under the proposal, the Federal Reserve would oversee banks,…
Rollblock’s innovative revenue sharing model has the potential to significantly disrupt the cryptocurrency space by directly rewarding users for participation and staking. Low fees and fast transaction times have earned Rollblock comparisons to giants like Solana and Ethereum. Additionally, Rollblock’s unique profit-sharing structure is advantageous in attracting long-term investors. Experts predict that $RBLK is poised to soar 800% before the presale ends, making it an attractive opportunity. Solana (SOL) token creation surges Over the past 7 days, Solana investors have been on edge, with SOL dropping 7.83%. Solana is currently trading at $144.45, down another 1.52% on the previous day.…
The race to $1 for Dogecoin price, XRP price, and ETFSwap (ETFS) tokens is heating up, with all three altcoins vying for attention. However, while the Dogecoin price and XRP price still dominate the headlines, it is the ETFSwap (ETFS) token that is sure to surprise everyone thanks to its unique product, which propels it in terms of performance. I am. ETFSwap (ETFS) Tokenization Utility Is Cryptocurrency’s Biggest Niche Market The ETFSwap (ETFS) platform established itself in the cryptocurrency space by doing something different and unique: tokenizing institutional ETFs and other real-world assets. This revolutionary advancement gives cryptocurrency investors access…