Coinbase Global Inc (NASDAQ:COIN) climbed nearly 8% premarket trading this morning, surpassing $350 per share. The cryptocurrency exchange was briefly worth more than $100 billion before the market opened. Coinbase shares closed at $328.28 on their first day of trading on the NASDAQ, which valued it at $85.8 billion.Coinbase opened on the NASDAQ at $381 […]

Ethereum (CCC:ETH-USD), and other cryptocurrencies have been super hot lately, in part thanks to Coinbase Global (NASDAQ:COIN) going public. Ether, the cryptocurrency of the Ethereum network, has hit record highs in the past few days, and it currently shy of $2,500. Today I’ll look at ETH to see if further gains are possible in the […]

Shares of Coinbase, the nation’s largest crypto exchange, skyrocketed nearly 60% within minutes of their public-market debut on Wednesday, propelling the nine-year-old company’s market capitalization to more than 12 times its last private valuation of $8 billion in 2018 and marking another instance of booming demand lifting the still-nascent cryptocurrency space to meteoric highs.KEY FACTSListed […]

Is Cardano (CCC:ADA-USD) the next big thing in cryptocurrency?A growing number of investors think so and are increasingly bullish on the Zug, Switzerland-based company. It was founded by Charles Hoskinson, a co-founder of the popular Ethereum (CCC:ETH-USD) cryptocurrency.Cardano aims to create a public blockchain platform for so-called smart contracts that automatically execute the terms of […]

As the first fund manager of the Fidelity Balanced Fund (1986), I enjoyed a target rich environment. Clearly in a bull market and rocketing up from the stocks-below-book-value lows of 1982, equities had dividend yields of 3.5% and sold for 17x earnings. Ten-year government bonds, also in a major bull phase, had a 7.5% coupon. […]

A number of public companies have made portfolio investments into Bitcoin (CCC:BTC-USD) and Ethereum (CCC:ETH-USD). I wanted to discuss seven of these stocks in order to help investors consider making an indirect investment in digital currencies. One way you can directly track companies that make their own cryptocurrency investments is on the site bitcointreasuries.org.The SEC […]

Ripple (XRP-USD) didn’t have a great start this year. In January, Grayscale Investments began the dissolution of XRP Trust.Grayscale cited a Ripple Securities and Exchange suit as the reason. In the months that followed Greycale’s announcement, the value of Bitcoin (CCC:BTC-USD) soared and never looked back.With Coinbase going public next, the cryptocurrency market has never […]

It’s an important week for bank-stock investors as financial behemoth Bank of America (NYSE:BAC) plans to report its fiscal first-quarter 2021 results on the morning of April 15. With that, we should expect to see higher trading volumes on BAC stock.The projections are mixed. Reportedly, Wall Street is preparing for Bank of America to post […]

Big bank earnings season is just around the corner, and U.S. Bancorp landed a big Wall Street upgrade on Thursday ahead of its upcoming report.The Analyst: J.P. Morgan analyst Vivek Juneja upgraded U.S. Bancorp from Neutral to Overweight and raised his price target from $53 to $60. Juneja also raised price targets of the other […]

Riot Blockchain, Inc. closed the most recent trading day at $49.63, moving +0.16% from the previous trading session. This change lagged the S&P 500’s 0.77% gain on the day.Coming into today, shares of the company had lost 14.39% in the past month. In that same time, the Business Services sector gained 0.5%, while the S&P […]