Former New York Stock Exchange President Thomas Farley took the gloves off in a savage takedown of Elon Musk and his complicated relationship with the truth, asking: “How do you even triage the false and misleading claims that come out of Tesla to decide which ones to take issue with?” His statement came in response to a CNBC anchor's news piece that the National Highway and Transportation Safety...
By CCN: US stock markets shut their doors on Monday 27 to observe Memorial Day, in honor of the men and women who lost their lives serving their country. Traders will take a much-needed breather as the Dow Jones Industrial Average careens towards the longest weekly losing streak in eight years. Thus far in May, the Dow has shed over 1,000 points (3.9 percent). Which stocks markets are closed on...
Author has a bearish interest in Boeing shares. This article is not investment advice and should not be interpreted as such. The crash of a brand-new Boeing 737 Max in Ethiopia is the second major incident for the US Aerospace company’s hottest commodity. The tragedy which cost the lives of more than 150 people sent shock waves around the world. Beyond the terrible circumstances of losing an...
Alan Silbert, a long-time bitcoin investor and analyst, has predicted a “gut-wrenching correction” to occur and the bitcoin price to decline in the short-term. On December 6, Silbert wrote: Next 12 months in #Bitcoin : (1) MSM: bubble! bubble! bubble! (2) BTC keeps going higher (3) Gut-wrenching correction (4) MSM: we told you so! (5) HODLers back up truck, new entrants pile in at sale prices (6)...
The operator of the New York Stock Exchange (NYSE) has filed with the Securities and Exchange Commission (SEC) for a proposed rule change that would allow the exchange to list two Bitcoin ETFs on the NYSE Arca trading platform. ICE Files to List Two Bitcoin ETFs on NYSE Arca According to the proposal (PDF), which was filed with the SEC on December 19, Intercontinental Exchange (ICE) intends to...
Grayscale Investments LLC, a wholly-owned subsidiary of Digital Currency Group, Inc., recently filed to list its Bitcoin Investment Trust (BIT) on the New York Stock Exchange (NYSE) in a $500 million initial public offering, according to a Securities and Exchange Commission (SEC) filing. Shares of the trust, which have traded over the counter, have traded at a premium to the bitcoin price...
SolidX Partners Inc., a company that specializes in blockchain-based identity services, has registered with the Securities and Exchange Commission (SEC) to launch the SolidX Bitcoin Trust, an exchange-traded fund (ETF) that will provide shareholders exposure to the daily change in the U.S. dollar price of bitcoin, minus expenses and liabilities of the trust, as measured by the TradeBlock XBX...
For all the naysayers, all the critics, all the people who pronounced bitcoin dead based on nebulous metrics like its value against a U.S. Dollar, bitcoin is winning the war. Bitcoin continues to grow, evolve, and gain acceptance with industry leader after industry leader, much to the mainstream's chagrin. If you are a part of the financial status quo, get your frown ready. The New York Stock...