The Dow Jones Industrial Average hit a record intraday high, powered by gains for Goldman Sachs, which beat revenue and profit expectations on strong trading and investment banking revenue. The earnings beats by the banks “put recovery stocks right back on track. …Read the full story
This means the futures price of Bitcoin is higher than its spot price. Because the trade entails that investors simultaneously long and short an asset, it is fully hedged and essentially risk-free. For example, at the close of trading on April 9, Bitcoin spot was at just above $58,300 while the December 2021 CME contract […]
“My logic was that there was better convexity in bitcoin itself,” the Social Capital CEO said. In his tweets, Palihapitiya recommended owning both bitcoin and the companies based on it. Coinbase pegged its net income at $730 million to $800 million, a sharp increase from the previous quarter. …Read the full story
In the first quarter of 2021, the Bitcoin network added over 4 million new non-zero addresses, a jump of over 12%. That figure represents the highest quarterly address increase since the fourth quarter of 2017-the height of the previous rally-when participation increased by 35% and 6 million new non-zero addresses were added. “Non-zero addresses picked […]
Ethereum developers are planning to make major changes to the network that will limit transaction fees and start to burn coins, which has angered many miners. “With proof of stake, you’re going to be able to have… “I think the applications leveraging smart contracts and extensions on Ethereum will dwarf bitcoin,” he said. Ethereum developers […]
