Investment Learning

  • August 7, 2024

Crypto Inches Upwards Again as Ripple Ruling Lifts Mood

(Bloomberg) -- Major cryptocurrencies ticked upwards on Thursday after Ripple Labs Inc. was ordered to pay a $125 million penalty — an outcome the firm framed as a victory over the US Securities and Exchange Commission. Most Read from BloombergAfrica’s Richest City Needs $12 Billion to Fix InfrastructureNew York City’s Outdoor Dining Sheds Will Start DisappearingNew York City Paid $2 Million for Empty Hotel Rooms Meant for MigrantsNYC Subway Riders See ‘Exceptionally High’ Air PollutionThe 5 Coa

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  • August 7, 2024

Robinhood results beat estimates on meme-stock, crypto-trading boom

(Reuters) -Robinhood beat Wall Street expectations for second-quarter earnings on Wednesday, as interest in meme stocks and cryptocurrencies soared, and said it continued to gain retail trading market share from rivals. The app, typically associated with mom-and-pop investors, saw a surge in trading volumes as meme-stock influencer Keith Gill returned to social media and reignited interest in the highly shorted shares of videogame retailer GameStop. Robinhood's transaction-based revenue surged 69% to $327 million in the quarter.

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  • August 7, 2024

EXCLUSIVE: What Tim Walz, Kamala Harris's New VP Pick, Could Mean For The Crypto Industry

Vice President Kamala Harris‘s choice of Minnesota Governor Tim Walz as her running mate for the 2024 presidential election has sparked a wave of speculation and concern within the cryptocurrency community. Who Tim Walz Is: While Walz himself has remained largely silent on digital assets, his alignment with stringent financial regulations and consumer protections, akin to figures like Senator Elizabeth Warren (D-Mass.) and SEC Chair Gary Gensler, suggests a possible shift towards stricter oversi

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  • August 7, 2024

Crypto Market Rallies Are Leaving Web3 and Metaverse Tokens Behind

(Bloomberg) -- Even with recent market gyrations, the chill of crypto winter is becoming a distant memory for traders of digital tokens. The launch of spot Bitcoin exchange-traded funds in January and ringing endorsements from Republican presidential candidate Donald Trump have helped them bounce back from the rout sparked by the collapse of FTX.Most Read from BloombergAfrica’s Richest City Needs $12 Billion to Fix InfrastructureNew York City’s Outdoor Dining Sheds Will Start DisappearingThe 5 C

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